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
By Stanley Reed Oil prices touched their highest levels in years Tuesday, a day after OPEC, Russia and their allies failed yet again reach agreement on production increases. A teleconference planned for Monday never started, following meetings Thursday and Friday that did not reach a deal. West Texas Intermediate, the U.S. bench mark, rose as
Euro drops broadly today following sharp decline in Germany ZEW economic sentiment. Swiss Franc is following down closely too. On the other hand, New Zealand Dollar remains the strongest on RBNZ rate speculations while Australian Dollar follows as support by RBA tapering. Yen and Dollar are mixed, together with Sterling. European stocks are trading mildly
EUR/USD stays pressured after reversing from three-week-old resistance line. Bearish MACD adds to the downside momentum towards a descending support trend line from early May. Yearly bottom can lure bears below the support line, bulls may refrain entries below horizontal line from March 11. EUR/USD bears take a breather around 1.1820, following the heaviest daily
Dollar regains some ground in European morning trade Of note, EUR/USD is being pushed to fresh lows of 1.1847 after having seen the earlier upside push rejected by the 200-hour moving average: Price has even dipped just below the 100-hour moving average (red line) as sellers look to seize back near-term control in the pair.
Latest data released by Markit/CIPS – 6 July 2021 Of note, construction output growth hits a 24-year high in June with the recovery led by house building and commercial work. Overall construction activity climbed by its quickest pace since June 1997 with new orders also rising sharply. That said, input price inflation is observed to
Argo Blockchain, a publicly traded blockchain technology company focused on cryptocurrency mining, is looking at a potential secondary listing on the Nasdaq exchange. On Tuesday, the company announced that it is now exploring the possibility of a secondary listing on the Nasdaq as part of its operational and strategic update for June 2021. Argo Blockchain said
LONDON: Oil prices surged to multi-year highs on Tuesday including US crude hitting its highest since 2014 after OPEC+ producers fell out over plans to raise supply in the face of rising global demand. Brent crude climbed 62 cents, or 0.8%, to $77.78 a barrel by 0748 GMT, a level not seen since October 2018.
As widely anticipated, the RBA announced some changes in the monetary policy. The overall tone of the meeting and the policy statement is upbeat about the economic recovery while cautious over the uncertainty and subdued inflation. Policymakers remain optimistic over economic developments. As noted in the meeting, “the outlook for investment has improved and household
UOB Group’s Economist Lee Sue Ann suggests the Bank Negara Malaysia (BNM) would leave the policy rate unchanged at 1.75% at its meeting on Thursday. Key Quotes “With additional fiscal aids to cushion the impact of full lockdown, we expect BNM to monitor the fluid situation.” “Resumption of rate cuts may be tough in an
Working trading system for forex
In this video, I will show you how to determine the direction of the market when you are forex trading, to find the best swing trading opportunities. Specifically we will look at USD/CAD to find out which swing trading opportunities we can find on it by use multi-timeframe technical analysis and order flow analysis from
In this video, I’m showing you a simple, high win rate MACD indicator strategy The Moving Average Convergence Divergence or also known as the MACD, is one of the most simplest and popular indicator used by traders. It is a trend following indicator that shows the relationship between two moving averages ************** ? Download the
Major European indices rise to start the trading week The major European indices are ending the session higher as the new trading week begins. The provisional closes are showing: German DAX, +0.09% Francis CAC, +0.22% UK’s FTSE 100, +0.55% Spain’s Ibex, +0.77% Italy’s FTSE MIB, +0.65% Looking at the German Dax daily chart, the price
The NZIER Quarterly Survey of Business Opinion (QSBO) is a closely watched NZ economic indicator From the New Zealand Institute of Economic Research Capacity utilisation is higher, coming in at 94.9% vs. 93.8% in Q1. Net 10% of businesses expect an improvement in the economic outlook on a seasonally adjusted basis from the previous quarter
Gold prices inched higher on Monday as a subdued dollar and lower bond yields amid a mixed bag of U.S. labour data allayed investor concerns about a faster policy tightening, helping the metal rise towards the $1,800 level once again. Spot gold was up 0.2% at $1,790.70 per ounce by 10:31 am EDT (1431 GMT),
Overall, the forex markets are relatively mixed today and trading will probably continue to be subdued with US on holiday. Sterling is currently the stronger one, followed by Yen and Aussie. Canadian is the weakest, followed by Kiwi and then Swiss. Eurozone is mixed despite strong investor sentiment data. But all major pairs and crosses
Late Monday, Reuters unveiled good news for travelers from the UK, India, Portugal and Russia suggesting their citizens can now travel to Germany and quarantine on arrival for 10 days. “The quarantine period can be shortened to five days if they test negative for COVID-19,” added Reuters. The news also mentions, “Prior to the change