In todays stream we are going to be looking at several forex pairs to find trades based on a simple trend following strategy. We are going to be trading a £1,000 account for 1 month (roughly 20 trading days) to see based on this strategy how much we can expect to make. We will be
Sui Foundation — the team behind the Sui network and its native SUI token — has denied allegations that the firm unlocked SUI staking rewards and “dumped” them on cryptocurrency exchange Binance . The Foundation knocked back the claim in a five-part Twitter thread on June 27, stating that none of the locked or non-circulating tokens, including
The price of WTI crude oil futures is settling at $67.70 today. That is down $-1.67 or -2.41%. The low price reached $67.55. The high price was at $70.15. Current economic projections lean toward the potential for recessions in the US (and other global economies) and that has traders worried about the demand-side. That view
The Australian dollar took a hit during the session on the release of May 2023 monthly inflation data. This came in at 5.6%, well below the 6.1% consensus mid-point estimate. Core measures for the month remained above 6% but it was the headline that the market responded to, immediately marking down the AUD. While the
Gold prices hovered near three-month lows as upbeat U.S. economic reports made a strong case for rates being higher, yet traders awaited cues from Federal Reserve Chair Jerome Powell and more economic data for a path ahead on rate-hikes. FUNDAMENTALS * Spot gold was little changed at $1,913.82 per ounce by 0120 GMT, close to
In an otherwise lackluster Asian trading session, Chinese actions add a zing today. The rebound in Yuan, propelled by China’s stepped-up measures to curb its slide, provided a boost to stock markets in both China and Hong Kong. The ripple effects are also being felt by Aussie and Kiwi, which are witnessing a bounce. Canadian
Gita Gopinath, first deputy managing director of International Monetary Fund (IMF), spoke to CNBC at the ECB Forum in Portugal. Bloomberg | Bloomberg | Getty Images Major central banks will have to keep interest rates high for much longer than some investors expect, Gita Gopinath, first deputy managing director of the International Monetary Fund, told
Share: Gold price attracts some buyers during the Asian session, albeit lacks follow-through. Bets for more rate hikes by the Federal Reserve underpin the US Dollar and cap gains. Traders now look forward to Fed Chair Jerome Powell’s comments for a fresh impetus. Gold price edges higher during the Asian session on Wednesday and recovers
Share: The monthly CPI, due out on Wednesday, is one of the last data points before the next interest RBA rate decision. Economists at Commerzbank analyze how the figures could impact the Aussie. RBA is likely to pause again in early July As the RBA now appears to be approaching the peak of the current
The USDCAD reached a new low going back to September today, and in the process fell below the 50% midpoint of the move up from October 2021 low to the October 2022 high. That midpoint level comes in at 1.31320. The low price reached 1.31157. However, the price snapped back higher. The sellers had their
Fidelity is preparing to submit a a bitcoin ETF, according to The Block. BlackRock kicked off a fresh bitcoin ETF frenzy on June 15 with a filing that caught the market by surprise. Many are speculating that BlackRock received some kind of nudge in a process that’s been stagnant for many years. The Fidelity report
Bullion traded in the green in Tuesday’s early trade aided by a weaker dollar. The dollar index was down nearly 0.10%. witnessing its second successive decline, thereby raising the appeal for the yellow metal. The August Gold futures were trading at Rs 58,521 per 10 grams at 10:10 am, up Rs 105 or 0.19% from
In today’s trading, Euro takes the limelight, soaring broadly and reaching new heights against the frail Yen. While comments from ECB officials continued to be hawkish, there was basically nothing substantially new. The rationale propelling the shared currency is yet unclear. Following closely behind, Aussie and Kiwi mark themselves as the second and third strongest,
Hong Kong observation wheel, and the Hong Kong and Shanghai Bank, HSBC building, Victoria harbor, Hong Kong, China. Ucg | Universal Images Group | Getty Images The U.S. will enter a downturn in the fourth quarter, followed by a “year of contraction and a European recession in 2024,” according to HSBC Asset Management. In its
In this article WBA Follow your favorite stocksCREATE FREE ACCOUNT People make their way near a Walgreens pharmacy on March 09, 2023 in New York City. Leonardo Munoz | Corbis News | Getty Images Walgreens on Tuesday slashed its full-year earnings guidance as it fell short of Wall Street expectations for its fiscal third quarter
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