Well… 67 pip run so far The USDCHF has rocketed higher with the dollars move higher today. The move to the upside got a nudge initially, when the lows for the day could not reach the low for the week (and bottomed in a lower swing area between 0.8930 and 0.89393. The low for the
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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: Aluminium prices rose 0.87 per cent to Rs 196.95 per kg in the futures trade on Friday, as speculators built up fresh positions amid a positive trend in the spot market. On the Multi Commodity Exchange, aluminium contracts for the June delivery gained Rs 1.70, or 0.87 per cent, to Rs 196.95 per
Notable buying is seen in Dollar as markets enter into US session. There is no apparent reason for the rally, except that some traders could be adjusting positions ahead of the high profile G7 summit. Resilience in the Swiss Franc is affirm this pre-emptive risk aversion. Meanwhile, Sterling is also firm after solid GDP data.
Consumer prices for May accelerated at their fastest pace in nearly 13 years as inflation pressures continued to build in the U.S. economy, the Labor Department reported Thursday. The consumer price index, which represents a basket including food, energy, groceries, housing costs and sales across a spectrum of goods, rose 5% from a year ago.
Data released on Friday, showed the Consumer Sentiment Index from the University of Michigan, according to preliminary data rose above expectation in June. Analysts at Wells Fargo noted it was the second highest level of the post-pandemic era, “as household finances hold steady even in the absence of stimulus checks.” They warn about the impact
Saudi Arabia is expected to supply full crude oil volumes to buyers in Asia next month, Reuters reports, citing sources with knowledge of the matter. Separately, the Kingdom reported its production numbers for May, noting that it has pumped 8.544 million barrels per day (bpd) against the target of 8.482 million bpd for the month. This
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Everyone would like to trade Forex if they could get consistent profit. But the problem is, when you are working to learn to trade Forex, when to buy and when to sell? Sounds like a simple and straightforward subject right? When should you enter a trade and for what reason? Even more mysterious is when
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Can you trust the buying though? The GBPUSD is keep in the buyers in control as the price has now remained above its 200 hour moving average for the last 5 hourly bars. That moving average is currently at 1.41537. The price just reached a new intraday high of 1.41753. The next target comes in at the high from
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
The International Monetary Fund has said El Salvador’s recent decision to make Bitcoin legal tender in the country may raise legal and financial concerns. In a Thursday press briefing from the International Monetary Fund, or IMF, spokesperson Gerry Rice said the group was already in discussions with lawmakers in El Salvador over a loan to
LONDON: OPEC stuck to its prediction of a strong world oil demand recovery in 2021 led by the United States and China, although it cited uncertainties around the path of the pandemic. In a monthly report on Thursday, the Organization of the Petroleum Exporting Countries said demand would rise by 5.95 million barrels per day
The ECB meeting contains little surprise. On economic developments, despite the notion that recent rise in inflation has been driven by temporary factors, the staff upgraded headline inflation projections sharply for this year and 2022. All monetary policy measures stay unchanged. Obviously, policymakers avoided to mention about “taper”, amidst concerns over tightening financial conditions. Acknowledging
U.S. dollars are counted by a at a bank in Westminster, Colorado. Rick Wilking | Reuters The net worth of U.S. households climbed to new heights as 2021 began and the effects of the Covid-19 pandemic began to fade. Thanks largely to a surge in the stock market, the total balance sheet for households and
Wall Street’s main indexes opened decisively higher on Thursday. All major S&P 500 sectors trade in the positive territory. Annual CPI in US rose to 5% in May from 4.2% in April. Major equity indexes in the US opened decisively higher on Thursday following the latest macroeconomic data releases from the US. As of writing,
GBP/USD is down 0.3% to 1.4075-85 currently Invest in yourself. See our forex education hub. The inability to keep with a break above 1.4200 is starting to weigh a little on the upside momentum in cable as buyers are showing some exhaustion and perhaps taking profits as the recent consolidation is leading nowhere ahead of