High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
I clearly remember this time of year 15 years ago. It was 5 months after the collapse of Bear Sterns and markets were full of complacency. The Fed was at 2.00% and offering no signals about cutting rates, despite an average of 66K job losses over the past six months. Markets were complacent. The August
Gold prices declined Rs 50 to Rs 59,250 per 10 grams in the national capital on Friday amid a fall in precious metal prices in international markets, according to HDFC Securities. In the previous trade, the yellow metal had closed at Rs 59,300 per 10 grams. However, silver jumped Rs 700 to Rs 73,500 per
As the trading week draws to a close, Dollar appears to be finally capitalizing on heightened risk aversion, extending its recent surge. Major European stock indexes are painting a gloomy picture, while US futures points to negative opens. British Pound, once the darling of the markets, has started to wane after an unexpectedly dismal retail
Share: MULN stock must maintain a share price above $1 for 10 consecutive sessions by September 5. Mullen announced on Thursday that it began repurchasing MULN shares on Wednesday. Mullen has already purchased $3.6 million worth of shares out of its $25 million mandate. Closing Thursday at $0.79, MULN stock needs to rise 26.6% to
Hong Kong Exchanges and Clearing reported a 31% jump in net profit for the first six months of the year, compared to a year ago — and its CEO has expressed optimism about the medium-term outlook. The strong numbers are attributed to the HKEX’s “diversification away from just the cash business” and the “tremendous” growth
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USDJPY tumbles into the US close As stocks started to slide and US rates also came off of it’s highs, the USDJPY started a reversal to the downside. The current hourly bar has seen the price of the pair move from 146.16 to a low of 145.63. That move to the downside, took the price
TD’s key takeaways on NZD/CAD: 1. Divergence in Terms of Trade: TD highlights a significant divergence in the terms of trade between New Zealand and Canada. Terms of trade measure the value of a country’s exports relative to the value of its imports. A rising terms of trade can be beneficial for a nation’s currency
Oil prices looked set to snap a seven-week winning streak on Friday as concerns about demand growth in China as its economy slows, and the possibility of higher for longer U.S. rates triggered losses. Major benchmarks were little changed on Friday, with the U.S. West Texas Intermediate crude (WTI) up 10 cents, or 0.1%, at
Australian Dollar faced a discernible decline during today’s Asian trading session, continuing its broad-based selloff throughout the week. The catalyst behind Aussie’s downturn can be traced back to the underwhelming employment figures released from Australia. Additionally, a prevailing risk-averse sentiment, inherited from US markets overnight, further burdened the risk-sensitive currency. Following closely, New Zealand Dollar
Share: GBP/JPY trades lower due to moderate Japan’s inflation data. Better-than-expected Export figures could provide support to JPY. China’s economic downturn woes could impact the Japanese Yen. GBP/JPY trades lower around 185.60 during the Asian session on Friday, extending losses for the second consecutive day. The Japanese Yen (JPY) gets support from moderate Japan’s inflation
The Adyen logo displayed on a smartphone. Rafael Henrique | SOPA Images | LightRocket via Getty Images Shares of Adyen, the European payments giant taking on U.S. titan Stripe, fell nearly 28% on Thursday after the company reported worse-than-expected sales and a profit drop in the first half of the year. Here’s how the company
Both the AUDUSD and the NZDUSD found support buyers on their earlier day breaks to the new 2023 low and bounced higher. Each pair is approaching/testing falling 100-hour moving averages. Getting above the 100-hour moving average is the minimum target to get to and through if buyers are to start to be taken seriously after
USD/CNH daily I tend to think the only thing that matters in global markets right now is the latest candle in USD/CNH. We got a report today that China told banks to escalate yuan intervention and the market is taking that as a sign that a further significant devaluation (like in 2015) is off the
Gold hovered around a five-month low on Thursday, after data pointed to a resilient U.S. economy and raised prospects that the Federal Reserve may hike interest rates once more this year. Spot gold was up 0.3% at $1,896.70 per ounce by 1144 GMT, trading near its weakest level since March 15 of $1,888.30. U.S. gold