Exchange-traded derivatives help multiple stakeholders – farmers, producers, processors, miners, value chain participants, smelters- in the economy. Commodity futures and options help farmers and other producers to ‘lock in’ the prices of their future output or inputs, therefore, helping to hedge against the volatility in commodity prices. Commodity derivatives help farmers take informed decisions on
Euro opens the week higher as support by hawkish comments from ECB officials over the weekend. Overall, it’s more likely for ECB to deliver at two more 50bps hike before slowing down, despite some market speculations. Dollar and Yen turned softer again. Trading is subdued, nevertheless, with many Asian markets closed on Lunar New Year
Sterling continues to perform well and is holding onto the gains made last week. Economists at ING expect the GBP/USD pair to struggle to surpass the 1.2450/2500 area. Marked improvement in the perception of UK sovereign risk “The market now prices a 45 bps Bank of England (BoE) hike at next week’s meeting. The firming
This week Bitcoin (BTC) rallied to a 2023 high at $23,100 and the move followed a notable recovery in traditional markets, especially the tech-heavy Nasdaq Composite Index, which gained 2.9% on Jan. 20. Economic data continues to boost investors’ hope that the United States Federal Reserve will reduce the pace and length of interest rate
Fed’s Waller was the last Fed official to speak before the blackout period for the Fed ahead of their interest rate decision. In his question and answer he broke down a wall that other Fed officials have been reluctant to do and it led to some added optimism in the US stock market to close
Good morning, afternoon or evening to all ForexLive traders and welcome to the start of the new FX week! On a Monday morning, market liquidity is very thin until it improves as more Asian centres come online. This Monday is a little different of course as many Asia centres are out today for the Lunar
Gold is eyeing the $1950-$1960 band on a confluence of supporting factors aiding the continued sharp rise in gold prices. Gold continues to show strength as the metal finished the week higher, supported by a weaker Dollar and softer yields as US data stoke recession concerns. Ten-year yields finished the week nearly 0.5% lower as
Reuters reported that the European Central Bank (ECB) is set to raise interest rates by 50 basis points in both February and March and will continue to raise rates in the months after, ECB governing council member Klaas Knot said in an interview with Dutch broadcaster WNL on Sunday. “Expect us to raise rates by 0.5%
Central African Republic (CAR), a developing country in Central Africa, set up a 15-member committee responsible for drafting a bill on the use of cryptocurrencies and tokenization in the region. According to Faustin-Archange Touadéra, the president of CAR, cryptocurrencies can potentially help eradicate the country’s financial barriers. He believed in creating a business-friendly environment supported
TTC Forex University – https://ttcfxuniversity.com/pre-launch-sale There are 3 time-tested and proven price action strategies that in my experience are the best for any beginner to start with in order to become profitable. So, if price action trading is something you are interested in, then in this video we are going to dissect each of these
Discover an interesting swing trading strategy using previous day’s high and low. In this video you’ll learn: • How to make money swing trading stocks and Forex pairs using a simple strategy • How to analyze and use weekly Stochastic indicator in combination with previous day’s high and low • How to swing trade divergences
Crude oil futures have moved back into negative territory and below the $80 level as well. The move below the $80 level did find buyers at $79.91 and has since bounced back higher. The price trades back at $80.42. Recall that on Wednesday, the price moved up to test its 100 day moving average. That
What a minefield in USD/JPY this week. The BOJ caught many in the market wrong-footed and doubled down on yield-curve control, leading to a sharp +300 pip rally but that lasted only a few hours before completely reversing as fresh shorts piled in. Then, even with global yields falling further, USD/JPY refused to continued sliding
Inflow in gold exchange traded funds (ETFs) plunged by 90 per cent to Rs 459 crore in 2022 due to rising prices of yellow metal, increasing interest rate structure coupled with inflationary pressures. This was way lower than an inflow of Rs 4,814 crore seen in the segment during 2021 and Rs 6,657 crore in
GBP/USD seesaws during the North American session, around the 1.2360-1.2390 region, around the London Fix, unable to gain a clear direction. Risk appetite increased, which usually favors the Pound Sterling (GBP), but soft UK economic data weighed on the GBP/USD. At the time of writing, the GBP/USD exchanges hands at 1.2391. Read More… GBP/USD is on the back foot,
The NASDAQ index is leading the way to the upside today with a 153.47 point rise or 1.41% at 11005. The high price has reached 11018.02. Looking at the daily chart, the falling 100 day moving average comes in at 11000.95. With the price back above that moving average, it helps to tilt the buys
The US stocks have moved to the upside and all the major indices are in positive terrritory. Dow is up 40 points or 0.13% S&P is up 22.6 points or 0.58% Nasdaq is up 119 points or 1.10% Netflix is helping the tone with a gain of 7% after better earnings after the close yesterday.
Gold prices held steady on Friday but were on track for a fifth straight weekly gain, as a weaker dollar and hopes of slower U.S. interest rate hikes boosted safe-haven bullion’s appeal. FUNDAMENTALS * Spot gold was little changed at $1,930.59 per ounce, as of 0054 GMT. Prices rose 0.5% this week. * U.S. gold