The forex markets are engaging in sideway trading in very tight range in Asian session. Dollar and Yen remain the weaker ones for the week. But so far, there is not following selling to push them through near term support level yet. Overall risk sentiment is crucial in determining the next move. While US stocks
admin
Contractors work on concrete slabs in the Cielo at Sand Creek by Century Communities housing development in Antioch, California, on Thursday, March 31, 2022. David Paul Morris | Bloomberg | Getty Images Builder sentiment in the market for single-family homes fell sharply in May, as mortgage rates shot higher and building material costs showed no
In this article WMT Walmart on Tuesday reported quarterly earnings that missed Wall Street’s expectations by a wide margin, as the nation’s largest retailer felt pressure from rising fuel costs and higher levels of inventory. Shares were down nearly 7% in premarket trading. The company raised its outlook for sales this year, saying it expects
The CAD is showing signs of life after the USD pushed above 1.30 last week to reach its highest point since Nov 2020. A hot Consumer Price Index (CPI) data from Canada could drag the USD/CAD pair down to the 1.27 zone, economists at Scotiabank report. CAD rebound may extend on High CPI “Canadian CPI
Unless they have been cut off from all networks for a week, any crypto-investor is aware of the disaster that has affected the Terra (LUNA) project and its stablecoin UST. Salvage proposals for Terra project have multiplied since the start of the LUNA collapse. Do Kwon, the boss of the Terra blockchain, came out of
The AUDUSD moved to the lowest level since June 21, 2020 last week, and in the process broke below swing lows from September 2020, October 2020, November 2020, November 2021, December 2021 and the January 2022 between 0.6966 and 0.7005 (see red numbered circles in the chart above). The breaking of that floor area (see
I think one of Powell’s final comments really captured the mood of his appearance: “There’s an overwhelming need to get inflation under control,” he said, ranking it above growth and employment. He laid out a path where the Fed will continue to raise rates until inflation comes under control or they have strong visibility to
Mumbai: The price for premature redemption of sovereign gold bond (SGB) due on Tuesday has been fixed at Rs 5,115 per unit, an RBI release said. Premature redemption of Gold Bond is permitted after the fifth year from the date of issue and the due date of SGB 2016-17, Series III issued on November 17,
Yen and Dollar falls broadly today as risk-on sentiment is gaining steam. European majors are making a strong come back too. Sterling is boosted by upbeat job market data. Euro is also lifted after a ECB policymaker threw out the idea of a 50bps rate hike. Commodity currencies are mixed for the moment, slightly on
Federal Reserve Chairman Jerome Powell emphasized his resolve to get inflation down, saying Tuesday he won’t hesitate to back interest rate increases until prices start falling back toward a healthy level. “If that involves moving past broadly understood levels of neutral we won’t hesitate to do that,” the central bank leader told the Wall Street
In this article 9618-HK Chinese e-commerce giant JD.com posted its slowest quarterly revenue growth on record for the first three months of the year, as Covid-19 lockdowns in the world’s second-largest economy weighed on consumer spending. JD.com beat estimates on revenue but missed expectations on profit. Here’s how JD did in the first quarter of
UK CPI Preview: Inflation “apocalypse” priced in, GBP/USD has room to fall Economists expect the headline UK Consumer Price Index (CPI) to have jumped from 7% YoY in March to 9.1% in April. I will argue that this leap is already baked into cable, leading to a ‘buy the rumor sell the fact’ effect, in
The tiny Portuguese island of Madeira has “adopted” Bitcoin (BTC) — but what does that mean? The announcement made during the Bitcoin Miami Conference in 2022 has spurned confusion and misinformation. The President of the Regional Government of Madeira, Miguel Albuquerque, hopped onto the stage in April to announce that he believes in the “future
EAP Training Program – https://eaptrainingprogram.com/video-sales-page Pro Trader Report – https://protraderreport.com/ptr FREE course 3 – Part Reversal Series – https://goo.gl/QKaxzV JOIN: “Advanced Pattern Mastery Course” Waiting List-https://advancedpatternmasterycourse.com/overview ———————————– Double Top/Bottom Entry Video – https://youtu.be/6rqfqC79DTY 5 – Wick Rejection Entry Video – https://youtu.be/J1JmNaqLzNM CONNECT WITH STEVEN ON SOCIAL MEDIA: Instagram: https://instagram.com/thetradingchannel/ https://instagram.com/stevenkiethhart/ Facebook: https://goo.gl/pgwbov ————————————- CLICK HERE
In this video, I show intend is to show beginners and advance Forex Traders a way to use investing.com for buy/sell signals for day trading, shorting, swing trading, Forex and long positions. I also include important Forex apps and Website which you need to be able to boast your forex trading and profits. ————– A
Most Accurate Strategy For Small Accounts | Easy Price Action Trading Strategy _______________________________________________________________ Get Forex Signals- https://bit.ly/3swP40e ? SUBSCRIBE TO YOUTUBE CHANNEL NOW ? https://www.youtube.com/channel/UCk8U7_Kpk5CHlHFYavhgr5g _______________________________________________________________ Best Regulated Low Spread Forex Brokers 1. https://bit.ly/3w77ply 2. https://bit.ly/3lz7IRm 3. https://bit.ly/3w99ops Best Crypto Exchanges: https://bit.ly/3kUXzj9 | Join by this link & Get 20% Discount On all trades commissions
The GBPUSD is getting a boost to new highs helped by comments from BOE Bailey that inflation is the central banks biggest challenge, and rising food price were also a major worry. The BOE warned that inflation may rise to 10% later this year. Looking at the hourly chart, the price has now moved above
The dollar and the yen are the laggards as we get into European trading today. This comes as we see a more positive risk tilt, on the balance of things, as the market continues to sort out its feet. Equities are pushing higher and that is helping with the mood as we also see some