Federal Reserve Board Chairman Jerome Powell speaks to reporters after the Federal Reserve raised its target interest rate by three-quarters of a percentage point to stem a disruptive surge in inflation, during a news conference following a two-day meeting of the Federal Open Market Committee (FOMC) in Washington, U.S., June 15, 2022. Elizabeth Frantz |
AUDUSD returns to the red after the early recovery to near 0.6930. Recession fears revive the dollar’s safe-haven demand, as Powell disappoints. Daily technical setup risks a test of the critical support at 0.6855. AUDUSD is trading close to 0.6900, having failed to sustain the tepid bounce near the 0.6930 region. The US dollar is seeing a
Instagram’s parent company Meta announced Wednesday that it will begin testing NFTs on Instagram Stories using its augmented reality platform SparkAR. CEO Mark Zuckerberg said of the announcement, “We’re expanding our test so more creators around the world can display their NFTs on Instagram.” The company also mentioned in a recent article, ”Creators and collectors will be able
The GBPUSD – like other pairs – has seen a run lower and move back higher helped by the Fed chair comments. The move back to the upside has taken the price back above the 200 and 100 hour moving averages at 1.2212 and 1.2262 respectively. The high price has reached up to retest the
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
Gold price in the national capital on Wednesday fell by Rs 205 to Rs 50,487 per 10 gram in line with a decline in international rates of the precious metal, according to Securities. In the previous trade, the yellow metal settled at Rs 50,692 per 10 gram. Silver also tumbled by Rs 926 to Rs
Risk aversion seems to back in indecisive markets today, with major European indexes and US futures trading down. Yen and Swiss Franc are trading mildly higher, followed by Dollar. Sterling and Canadian receive little support from strong consumer inflation reading. But Aussie and Kiwi are the worse performers while Euro is mixed. Focus will turn
Meat is seen in a supermarket as rising inflation affects consumer prices in Los Angeles, California, June 13, 2022. Lucy Nicholson | Reuters Inflation doesn’t just happen at the gas pump and the grocery store. There are literally hundreds of avenues that filter into broader measures the government uses to gauge price increases. The big
NASDAQ:MULN rose by 32.0% over the last week of trading. Mullen releases some promising updates for its solid-state battery technology. Mullen hires a new executive to run its global operations division. NASDAQ:MULN continues its volatile performance this year as the electric vehicle startup posted a 32% gain last week. The main catalyst that sent shares
Double Your Account With This 5-minute Forex Scalping Strategy In this video, I will backtest a 96.8% win rate on a 5-min forex scalping strategy using the best tradingview indicators. This forex scalping strategy can be applied to any currency pair and used by anyone, from beginners to advanced traders. ?? Join MY DISCORD COMMUNITY:
In this Forex Trading Beginner’s Guide. I explore the Copytrading app and how it works. I explore the idea behind copytrading and how the #Copytrading system on #OctaFX #ForexTrading App works for its users. If you’re looking for an additional source of income, and you don’t have time to study complex instruments, you can pay
Have you ever wondered why you’re losing trades? Maybe your winning strategy Is not as reliable as you think. Take some time from each day to back test, not just forward test. In this video I will show you everything you need to be a successful forex trader, if not watch my other trading videos.
The USDJPY has kept the bullish run to the upside going with a move to 136.615. As outlined in the earlier post, a topside trend line connecting recent highs cuts across now near 136.93 (and moving higher). That is the next upside target for the pair. Move to it, and there may be some leaning
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
MELBOURNE: Oil prices skidded in early trade on Wednesday amid a push by U.S. President Joe Biden to bring down soaring fuel costs, including pressure on major U.S. firms to help ease the pain for drivers during the country’s peak summer demand. U.S. West Texas Intermediate (WTI) crude futures fell $1.34, or 1,2%, to $108.18
The markets are rather mixed in Asian session today, engaging in mostly consolidative moves. New Zealand Dollar trades broadly lower following record low consumer confidence data. But Canadian and Australian Dollars are firmer on steady risk sentiment. Dollar is also weak together with Yen while European majors are mixed. Technically, NZD/USD dips slightly after failing
Federal Reserve Board Chairman Jerome Powell speaks to reporters after the Federal Reserve raised its target interest rate by three-quarters of a percentage point to stem a disruptive surge in inflation, during a news conference following a two-day meeting of the Federal Open Market Committee (FOMC) in Washington, U.S., June 15, 2022. Elizabeth Frantz |
Gold prices have extended their losses after slipping below the cushion of $1,830.00. Fed Powell’s testimony is expected to be extremely hawkish considering the runaway inflation rate. The EU is supposed to ban gold trading from Russia. Gold price (XAU/USD) has extended its losses in the Asian session after violating the critical support of $1,830.00. The