Nickel prices slipped about 6 per cent on the LME, whereas prices on the ended lower by 1.2 per cent. Nickel prices rose earlier in the month, on booming demand from the stainless steel segment following the resumption in global economic activities and expansion of the EV sector. Along with increased stainless-steel production, depleting inventories
Dollar continues to pare gains in early US session as the week is coming to a close. PCE inflation data is largely ignored by the markets, while Euro also shrugs CPI. Canadian Dollar also ignores smaller than expected GDP contraction. Sterling is leading the way in the rebound, followed by Aussie. As for the week,
Dow up over 700 points at the session highs The major US indices close sharply higher on the first day of the new trading month/new trading quarter with the NASDAQ index snapping a five day losing streak. Shares of Merck surged 8.6% on the back of a Covid drug that cuts hospitalizations by 50%. Transportation stocks
Western Texas Intermediate is ready for its six-weekly gain. Oil threatens to close above $75.00 for the first time in three months. WTI’s technical outlook looks poised for higher prices. Western Texas Intermediate (WTI) is advancing during the day, trading at $75.27, recording gains of 0.43% at the time of writing. WTI’s price action for
RBA and RBNZ to announce rate decisions It is busy week next week with rate announcements from the Reserve Bank of Australia and also the Reserve Bank of New Zealand. It is also employment week for both Canada and the US. China is on holiday Monday to Thursday. Australia will be off on Monday. Monday, October 4 OPEC+ meeting
The Biden administration is reportedly considering a new legal framework for stablecoin issuers that would put them in the same category as banks, raising questions about the future of crypto regulation in the country. Citing people familiar with the matter, The Wall Street Journal reported Friday that the administration is looking to convince Congress to
New Delhi: Gold in the national capital on Friday rallied Rs 555 to Rs 45,472 per 10 gram amid rupee depreciation, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 44,917 per 10 grams. Silver also jumped Rs 975 to Rs 58,400 per kilogram from Rs 57,425 per kilogram
Yen recovered much ground as US stocks tumbled steeply overnight. Meanwhile, Dollar remains generally firm, as partly supported by resilient treasury yields. Selling in Euro and Sterling slowed a little bit while commodity currencies are turning softer. ISM manufacturing and PCE inflation will come into spotlight today. But overall directions in the currency markets will
AUD/USD challenges key near-term levels on the day Invest in yourself. See our forex education hub. The dollar is seen losing a bit of ground on the day now as equities are trimming losses in European morning trade, helping to see risk currencies gain some decent ground on the session with AUD/USD bouncing back to
USD/JPY records fresh daily losses on Friday in the European session. The pair records a second straight day fall composed of more than 100-pips. Momentum oscillators hold onto the overbought zone and hint more downside for the pair. USD/JPY extend the previous session’s declines on the last trading day of the week. The pair opened
System Trading Forex paling Simple Dan Bisa Digunakan Di TF manapun kamu Mau
Register for the full course here: https://rebrand.ly/ForexAlgo Follow me on Instagram: https://www.instagram.com/Mohsen_Hassan Join our Discord room here https://discord.gg/T59NFJ4 Build a Completely Automated Trading Robot (Expert Advisor) from scratch using MQL4 (MetaQuotes Language 4)! Hi and welcome to the complete Forex Automated Trading Course. My name is Mohsen, I’m a professional trader and I will be
This Pivot Point Trading Strategy can win you more trades! Want free trade signals from me? Go here: https://bit.ly/FRNfreesignals The Pivot Point Trading strategy in conjunction with the Relative Strength Index and Stochastic indicators provides accurate entries. The strategy is built to work on the M30 timeframe on any asset, Forex, crypto, indices and stocks.
Major indices down over 1% in Europe at the open Eurostoxx -1.1% Germany DAX -1.4% France CAC 40 -1.5% UK FTSE -1.2% Spain IBEX -1.6% The declines here are exacerbated by the fact that European indices closed modestly lower yesterday, just before the sharp fall in US stocks came about late on.Invest in yourself. See
MELBOURNE: prices dropped on Friday on the prospect that the OPEC+ supplier alliance might step up a planned increase in output to ease supply concerns, with soaring gas prices spurring power producers to switch from gas to oil. U.S. West Texas Intermediate (WTI) crude futures slipped 5 cents to $74.98 a barrel at 0153 GMT,
The RBNZ is almost certain to raise the OCR by +25 bps to 0.5% next week. The Funding-For-Lending program (FLP) will stay unchanged at NZ$28B. This should not be affected by the slowdown in economic activities in the third quarter. While cautioning about the uncertainty of the pandemic and economic damage brought about by the
Price settles at $75.03 after trading as high as $76.07 The price of WTI crude oil futures are settling at $75.03. That is up $0.20 or 0.27%. The high price reached $76.07 but came off after report from OPEC+ that they may look to increase production at their upcoming meeting. That sent the price back down
EUR/USD is potential carving out a new range between 1.1495 and 1.1602. Bears are looking to the highs of March 2020 as the next downside target. EUR/USD has been a real head turner this month, sliding from 1.1909 the high for September to a low of 1.1562 on this final day for the month. On the upside,