FOMC One of the key lines from the FOMC minutes was that ‘various participants mentioned that they expected the conditions for beginning to reduce the pace of asset purchase to be met somewhat earlier than they had anticipated at previous meetings in light of incoming data’. This sounds hawkish, but the initial reaction from the
NEW DELHI: Gold edged lower on Monday in the domestic market as equity markets stabilized and investors shrugged off persisting concerns around Covid-19. Investors await US inflation data due this week and Federal Reserve Chair Jerome Powell’s testimony. The market will keep a close eye on Tuesday’s consumer price index data and Powell’s appearance before
In opinion of FX Strategists at UOB Group, EUR/USD is now expected to navigate between 1.1790 and 1.1895 for the next weeks. Key Quotes 24-hour view: “EUR traded between 1.1823 and 1.1881 last Friday, slightly higher than our expected range of 1.1820/1.1875. Upward momentum has improved a tad and EUR could edge higher to test
Last week Axie Infinity’s AXS token went on an impressive parabolic run and hit a new all-time high at $19.60. Small Love Potion (SLP), a token in the Axie Infinity (AXS) ecosystem that is minted through gameplay as a reward to users, also broke out with a triple digit gain. SLP can then be used
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In today’s Trading Beacon tutorial we’ll be covering how to find Key Levels in your forex trading, as well as going over a key level / support and resistance trading strategy. Key levels are often used as part of many forex trading strategies. When price is below a key level it will tend to act
What are the Top 5 Best Trading Strategies for Forex and Stock Market Trader? Best Indicator Strategy for Day Trading / Intraday Trading? Lets find out. Official Trading Rush Website: https://tradingrush.net Download Official Trading Rush APP (Thanks): https://bit.ly/tradingrushapp Support the Channel on Patreon (Thanks): https://www.patreon.com/tradingrush Trading Merch for Best Traders: https://teespring.com/stores/trading-rush Watch More Videos: MACD
USD/CAD pushes for more gains after yesterday’s turnaround Invest in yourself. See our forex education hub. The turnaround and further retracement in oil prices yesterday helped to flip the loonie on its head, as USD/CAD went from being lower in European trading to pushing back towards 1.2500 in North American trading. The pair closed below
Impressive bounce in the past two days Weak hands were shaken out of the crude oil trade from Tuesday to early Thursday but a rebound late yesterday was followed by a $1.54 gain today to leave crude oil only modestly lower on the week. It does however cap a six-week winning streak after a one-way
LONDON: Banks clearing gold trades in London can apply for an exemption from tighter capital rules due in January 2022, a British regulator said on Friday, removing what some said was a threat to the functioning of the market. London is the world’s biggest physical precious metals trading hub. Its clearing system, operated by a
The European Central Bank’s (ECB) new strategy on inflation targeting allows more flexibility and preparedness for a future crisis, the central bank’s policymaker Yannis Stournaras said in an opinion column in Greece’s Kathimerini newspaper. Additional comments “I express the belief that we are better prepared to face any future economic turmoil.” “Compared to the current
10-year Treasury yields sink below 1.30% Invest in yourself. See our forex education hub. The bond market continues to flash a warning sign to the rest of the market as we now see 10-year yields sink below 1.30% to its lowest since February. The retreat since the FOMC meeting in June has been rather swift
No offense to our Scottish and Welsh readers The cable bid has been relentless today. It was briefly squashed on fixing sales but it quickly came back and has been a one-way move that’s now extended to 100 pips. I earlier said that the weekly high of 1.3898 was out of reach before the close
Mumbai: The National Commodity and Derivatives Exchange (NCDEX) on Friday said its average daily turnover value (ADTV) has increased more than two-folds in June to Rs 1,945 crore compared to the same month in 2020. In June 2020, NCDEX had posted an ADTV of Rs 860 Crore, NCDEX said in a statement. “Continued trade disruptions
Yen and Dollar surged strongly overnight, but lost some momentum after on stocks recovered from initial steep selloff. Both are still firm with Asian markets in risk aversion mode. Canadian Dollar is currently the worst performing for the week, followed by Aussie. Focus will now turn to FOMC minutes for guidance on the next moves,
Gold price books third straight weekly gain, 200-DMA remains in sight. Daily closing above 21-DMA reignites bullish interest, as RSI recovers to 50.00. Gold Price Weekly Forecast: XAU/USD bulls bet on Golden Cross pattern, uptrend support, lower yields. Thursday’s Doji candlestick doesn’t seem to have discouraged the bulls, as gold price staged an impressive bounce
The concerns voiced about the consensus mechanisms of Bitcoin (BTC) and Ethereum (ETH) have played a part in the sideways price action both assets have seen over the past two months, opening the door for other competing projects to gain attention. One project that managed to overcome the sideways action in the market and rally