Looking for a Forex strategy that is simple and easy to follow? Look no further. In this video, Andrew Lockwood is going to share with you a Forex strategy that he teaches on a daily basis to traders in the trading room and has been profitable for him in the past. He’s going to show
A survey conducted by the Bank for International Settlements, or BIS, suggested that many central banks around the world are looking into rolling out a central bank digital currency, or CBDC. In a paper released on Friday, the BIS Monetary and Economic Department said 90% of 81 central banks surveyed from October to December 2021
GBPUSD but closer to the June 2020 lows The GBPUSD continued its move lower today. The price traded to the lowest level since June 2020 with a new low of 1.2277. That got close to the June 29/June 30 lows between 1.2250 and 1.2256, but early buyers against that next key support target have pushed
If Powell telling you that 75 bps on the table isn’t enough to dissuade you from selling bonds, then a 0.1 dip in monthly average hourly earnings versus consensus is unlikely to change anyone’s mind. US 2-year yields fell to 2.70% from 2.74% on the non-farm payrolls headlines but they’re already back to pre-NFP levels.
Just as they have every month since this past summer, officials from OPEC and its allies met via teleconference Thursday and decided to continue their program of modest additions to the market. The producers group, which has 23 members including Saudi Arabia and Russia, issued a statement saying it would add 432,000 barrels a day
Dollar turns slightly softer in early US session even though non-farm payroll report came in slightly better than expected. Yen is also weak on rising benchmark global yields. On the other hand, Euro jumps broadly as supported by hawkish comments from ECB officials. As for the week, Aussie and Euro are now the strongest ones
In this article UAA The interior of an Under Armour store is seen on November 03, 2021 in Houston, Texas. Brandon Bell | Getty Images Under Armour sees a tough year ahead, roiled by global supply chain challenges and another round of Covid lockdowns in China that are putting a dent in demand. The sneaker
European Central Bank Executive Board Member Frank Elderson said on Friday that the ECB must ensure that high inflation doesn’t become entrenched in people’s expectations, reported Reuters. Weaker economic data so far doesn’t suggest that the Eurozone is entering a recession, he added. Elderson’s remarks come after a series of hawkish remarks from other ECB
If EU efforts to ban Russian oil fall apart, there could be a real rout in oil. Technically, it earlier looked like oil could break the wedge pattern that’s been forming for two-and-a-half months. Instead, that’s starting to look like a false breakout as oil reverses to $108.21 from a high of $111.37. There’s lots
Coming up at 1230 GMT on Friday 06 May 2022, US Nonfarm payrolls report: This snapshot from the ForexLive economic data calendar, access it here. The times in the left-most column are GMT. The numbers in the right-most column are the ‘prior’ (previous month) result. The number in the column next to that, where is
NEW DELHI: Gold prices climbed over a per cent on Thursday after Federal Reserve Chair Jerome Powell turned less hawkish over rate hikes. However, silver outperformed the yellow metal with a wide margin. Pritam Patnaik, Head – Commodities, Axis Securities said that gold prices rallied after the Fed event, primarily due to the fact that
Dollar dropped notably overnight after Fed Chair Jerome Powell surprised the markets by ruling out a 75bps rate hike. The comment also boosted US stocks sharply higher. Risk-on sentiment helped commodity currencies rebound. But European majors are lagging behind. Yen is so far mixed, with slight retreat in US 10-year yield. BoE rate decision would
An employee works at Shopify’s headquarters in Ottawa, Ontario, Canada. Chris Wattie | Reuters Shares of Shopify plunged more about 15% Thursday after the company reported first-quarter results that missed analysts’ estimates, and said it will acquire logistics start-up Deliverr for $2.1 billion in cash and stock. Shopify posted adjusted earnings of 20 cents per
USD/CNH remains on the front foot, grinds higher around crucial resistance. Multiple tops marked during the week highlight 6.6890 as strong challenge for bulls. Two-day-old support line, 20-SMA restricts immediate downside ahead of fortnight-long horizontal support. USD/CNH holds onto the previous day’s recovery moves as buyers attack multiple tops marked surrounding 6.6980, with an intraday
I Tested A Simple 1 Minute Forex Scalping Strategy 100 TIMES – The Results SHOCKED Me 😱 In today’s video, we go over a simple 1 minute trading strategy that one of our subscribers has submitted to us, the strategy is pretty simple and involves using the exponential moving average trading strategy together with the
Kristin Johnson, one of five commissioners currently serving at the United States Commodity Futures Trading Commission, or CFTC, has announced that a CME Group executive director with experience in crypto will be joining her staff. In a Thursday announcement, Johnson said Bruce Fekrat will be her chief counsel at the CFTC starting on June 1.
GBPUSD moves to new 2022 lows The BOE raise rates by 25 basis point, but the rate hike was considered more of a dovish/bearish hike. Economic forecasts call for sharply higher inflation to year-end, and declining growth. That sent the GBPUSD tumbling lower and below the low from last week at 1.24103. The price has
S&P 500 futures are down 40 points or 0.9% ahead of the open. The comes after a 125 point gain yesterday, or 3.0% on the heels of Powell taking a 75 basis point hike off the table for the June and July meetings. Nasday futures are underperforming, down 0.9%. Shopify shares are down 14.5% in