Treasury Secretary Janet Yellen cautioned Tuesday that inflationary pressures hitting the U.S. economy could last for a while. Coming less than a week after Federal Reserve Chairman Jerome Powell called inflation “frustrating,” Yellen told CNBC that the various issues that have colluded to push up prices likely will pass though she’s not sure how long
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In this article PEP Pepsi soft drinks are displayed at a convenience store in San Francisco, California. Justin Sullivan | Getty Images PepsiCo on Tuesday raised its full-year forecast after its quarterly earnings and revenue topped analysts’ expectations, despite higher costs and snarls in the supply chain. Shares of the company fell less than 1% in premarket
AUD/USD staged a rebound after declining to 0.7250. US Dollar Index stays calm below 94.00 ahead of PMI data. RBA left its policy settings unchanged as expected in October. The AUD/USD pair turned south during the Asian trading hours on Tuesday and fell to a daily low of 0.7250 before regaining its traction. As of
The best market structure trading strategy, and how to find entries around this. Knowing how to read market structure is fairly basic stuff, but it’s a must to know in trading, and I’m sure it can massively improve your trading, and how you view the markets. Follow our instagram : https://www.instagram.com/tradingcold_ Website used in this
Watch this video to learn about things I didn’t know when I started forex trading, tips for beginner forex traders, and to learn more about my forex trading journey! In this video, I explain why I got started with forex and where I am now in my journey. I also list all the things I
I Tested London Breakout Trading Strategy x100 Times with FREE INDICATOR – London Breakout Strategy? In today’s video, we go over a simple London breakout trading strategy that can be used to trade different forex pairs. We have previously backtested a London breakout strategy in the past 100 times. The results were outstanding and we
While some selling pressure is seen in Asian stocks, the forex markets are relatively steady. Canadian Dollar is currently the stronger one, followed by Yen. Sterling is the softer one, followed by Swiss France, Euro and Dollar. Overall risk sentiment will continue to drive the markets this week and hence we’ll have some attention on
Institutional investors are pivoting back to digital gold with Bitcoin (BTC) investment products posting a third consecutive week of inflows. According to CoinShares’ latest Digital Asset Fund Flows Weekly report, BTC investment products generated $68.7 million worth of inflows between Sept. 27 and Oct. 1, representing a 36% increase in exposure week-over-week. While products tracking
Nasdaq lower for the 6th time in 7 days. The major US indices are ending sharply lower with the brunt of the damage done in the Nasdaq index. The NASDAQ closes at its lowest level since June 22 The NASDAQ is down 7.5% from its all-time high The S&P index is closing 5.40% from its all time
Bloomberg with the report on a missed payment by Fantasia Holdings. The news was out overnight so it is not new news, posting as an ICYMI. Says the Bloomberg report (more at that link above (may be gated) ) Fantasia didn’t repay a $205.7 million bond that was due Monday, according to a company statement.
FRANKFURT: Oil prices jumped Monday after OPEC and allied oil producing countries stayed with their gradual approach to restoring output slashed during the pandemic, agreeing to add only 400,000 barrels per day in November. The decision Monday by the Vienna-based oil cartel tracks with its established schedule of adding back that amount of oil every
In this article F Thousands of Ford F-150s without chips are stored at Kentucky Speedway in Sparta, Kentucky, U.S., September 8, 2021. Jeff Dean | Reuters DETROIT – Ford Motor’s U.S. vehicle sales showed signs of improvement during the third quarter, but still fell by 27.4% from last year as an ongoing shortage of semiconductor
Update: Gold (XAU/USD) snaps three-day uptrend while easing to $1,766, down 0.16% intraday, during early Monday. The US Dollar Index (DXY) rebound, amid choppy Treasury yields and mildly offered stock futures, could be held responsible for the latest consolidation in gold prices. Although US President Joe Biden’s readiness to trim the demand over infrastructure spending
Swiss Franc is the winner so far today, as Dollar and Yen pare back some of last week’s gains. Meanwhile, Euro is also soft after poor investor confidence data. On the other hand, New Zealand Dollar is following closely as second strongest, on anticipation of RBNZ rate hike later in the week. Other currencies are
Price of the GBPUSD is up for the 3rd consecutive day The GBPUSD pair is trading higher for the third consecutive day. In the process the pair has moved above the 50% midpoint of the last trend move lower from the September 23 high at 1.35805 and the falling 200 hour moving average at 1.35925. The price last traded above the
Reuters report Glencore, Gunvor, Trafigura and Vitol are among commodity trading house that have been told to deposit “hundreds of millions” of dollars of margin to cover exposure to rising gas prices, Reuters reports. The calls are forcing the companies to tie up more capital. The firms have long-term contracts to buy US LNG and
New Delhi: Gold in the national capital was down marginally by Rs 37 to Rs 45,539 per 10 gram on Monday amid muted global trends, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 45,576 per 10 grams. Silver declined Rs 137 to Rs 59,203 per kilogram from Rs
Here is what you need to know on Monday, October 4: No Time to Die is kicking up a storm in the UK and is due to do the same for the US when it is out on Thursday so AMC apes get ready for some strong audience numbers if the UK experience is anything