Technical levels for the major indices The NASDAQ index is up 1.55% at 14728.30. In the process the price has moved back above its 100 day moving average at 14699.74 (blue line in the chart below. Stay above would have traders targeting the 50% midpoint of the move down from the September high which comes in
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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 of your initial investment; do
New Delhi: Gold in the national capital on Thursday rose by Rs 65 to Rs 46,012 per 10 gram in line with a jump in international precious metal prices, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 45,947 per 10 gram. Silver also gained Rs 490 to Rs
Treasury Secretary Janet Yellen on Tuesday said she believes the economy would fall into a recession if Congress fails to address the borrowing limit before an unprecedented default on the U.S. debt. “I do regard Oct. 18 as a deadline. It would be catastrophic to not pay the government’s bills, for us to be in
Silver witnessed a modest intraday pullback from the $22.80 confluence hurdle.Neutral technical indicators warrant caution before placing fresh directional bets. Silver struggled to capitalize on its modest intraday uptick to one-and-half-week tops and once again started retreating from the $22.80 resistance zone. The commodity refreshed daily lows during the early North American session and was
https://forex-pin.com UPDATE – 30.09.2018 The Forex-Pin system will be equipped with a built-in scanner dashboard to scan all time frames and instruments for signals. ———————– Preview of the new Forex trading system “Forex-Pin” done by Dennis Buchholz and Team. This tool will let you know on what point the Forex Trade Volume reaches his most
In this joint session by FXCM & QuantInsti®, you’ll get to learn about the FX market data, trading strategies, backtesting & optimization techniques along with new nextgen tools & platforms. Prodipta Ghosh (Vice President, QuantInsti) has spent more than a decade in the banking industry – in various roles across trading and structuring desks for
FREE Cryptocurrency trading bots by Pionex ? https://bit.ly/3Fq9tcH ************************ In the world of technical analysis, there are 2 types of market that exists, trending markets, and ranging markets. Trending market, is when the price is clearly moving in a definitive direction. Ranging markets on the other hand, is a type of market where the price
For the first time in 7 years, the RBNZ increased the OCR by +25 bps to 0.5% in October. Policymakers pledged to tighten further in coming months as inflation pressure continues to exceed target. Policymakers remained hopeful about the economic outlook, suggesting that easing of pandemic-related restrictions could help return growth momentum. On economic developments,
MakerDAO founder Rune Christensen has published an essay outlining measures that could be taken to make the protocol a vehicle for addressing climate change. In a lengthy Oct. 5 post published to the MakerDAO governance forum, Christensen asserts that MakerDAO should strive to ensure that all of its collateral comprises “sustainable and climate-aligned assets that consider
Dow industrial average now up too The broader S&P and NASDAQ index have turned positive on the day. The Dow has just moved positive as well. In Republicans have offered the Democrats a path to pass a debt limit extension into December (and not filibuster). A snapshot of the markets currently shows The NASDAQ leads the way with a gain of 46 points
While only a 20 or so point range AUD/USD is a winner on the day. AUD crosses are up also, AUD/JPY and AUD/NZD faring well. We have had some positive news on loosening COVID-19 restrictions in Australia’s largest population state of New South Wales (home of Australia’s largest city, Sydney) there has also been an
NEW DELHI: Gold prices inched lower on Wednesday in the domestic market, following global cues. A firmer dollar and rise in Treasury yields weighed on the precious metal’s appeal. Investors focused on US non-farm payrolls data due later this week, which would be crucial to the Federal Reserve’s timeline for tapering economic support. Gold futures
A sharp jump in mortgage interest rates over the past few weeks is taking its toll on mortgage demand. Total application volume fell nearly 7% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($548,250
In this article LEVI Jeans are displayed at a Levi Strauss store in New York, March 19, 2019. Shannon Stapleton | Reuters Levi Strauss & Co. on Wednesday reported fiscal third-quarter earnings and sales that topped analysts’ expectations, as consumer demand picked up during the back-to-school season and shoppers looked to stock up on the
EUR/GBP maintain the selling bias on Thursday in the Asian session. Multiple support formations near 0.8500 make a critical level to trade. Momentum oscillators receding momentum hint at more downside in the pair. EUR/GBP edges lower on Thursday in the Asian trading hours. The pair hovers in a very narrow trade band with no meaningful
The markets are back on risk-off mode again today, while major global treasury yields trade higher. Stronger than expected ADP job data provides little support to over sentiment. Yen is leading the way higher, followed by Dollar and Swiss Franc. On the other hand, despite RBNZ delivering the expected rate hike, New Zealand Dollar is
WTI falls to $77.50 There’s the risk of a bearish outside reversal on the oil chart today as crude falls $1.40 to $77.54. The drop today is a mirror image of yesterday’s gain and threatens yesterday’s opening level of $77.59. A close below that would be a bearish engulfing candle. Even if that’s the case,