USD/INR consolidates before the next push higher towards 75.00. The spot wavers inside a rising channel, awaiting a fresh impetus. Bullish RSI, crossover point to a test of the channel hurdle at 74.75. USD/INR is clinging onto the recent trading range around the midpoint of 74.00, having finished Tuesday almost unchanged despite a renewed upside
Month: October 2021
Market sentiment is stable today, with European index trading mildly higher while US futures point to a rebound. But overall direction remains rather unclear. Sterling is currently the stronger one, with additional help from buying against other European majors. Kiwi is also firmer, awaiting tomorrow’s RBNZ rate hike, followed by Dollar. On the other hand,
Modest gains after yesterday’s sharp declines The major US indices fell sharply yesterday with the NASDAQ leading the way to the downside (the index has been down six the last seven trading days). The NASDAQ fell by -2.14%. The S&P was down by -1.3% and the Dow shed -0.54%. Today, in the first few minutes of trading, the major indices are
US September service sector data from Markit Prelim was 54.4 Prior was 55.1 Composite 55.0 vs 54.5 prelim Cost pressures built for a second month running as input prices rose at a steep rate Prices composite 76.2 vs 76.3 prelim Business expectations regarding the outlook for activity over the coming 12 months improved during September
New Delhi: Gold in the national capital on Tuesday rose by Rs 269 to Rs 45,766 per 10 grams amid rupee depreciation, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 45,497 per 10 grams. Silver also jumped Rs 630 to Rs 59,704 per kilogram from Rs 59,074 per
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
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
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