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Month: October 2021
Discover an effective scalping and day trading strategy that could help you become more successful when trading the Forex and crypto market. In this video you’ll discover: • How to use the Forex sessions in order to scalp and day trade Forex and crypto markets (how to buy and sell during London session) • How
Yen recovered much ground as US stocks tumbled steeply overnight. Meanwhile, Dollar remains generally firm, as partly supported by resilient treasury yields. Selling in Euro and Sterling slowed a little bit while commodity currencies are turning softer. ISM manufacturing and PCE inflation will come into spotlight today. But overall directions in the currency markets will
Airdrops have become the cryptocurrency ecosystem’s equivalent of stimulus checks over the past couple of years and further proof of this can be evidenced from popular protocols like Uniswap and dYdX which rewarded their early adopters with token drops that are now worth $30,000 to $2 million. The latest protocol to surprise its userbase with
The market sentiment is upbeat weighs on US T-bond yields and the greenback. Eurozone inflation rose by 3.4%, above the ECB’s target, US ISM Manufacturing PMI shows expansion in the overall economy, according to the ISM. The EUR/USD is trimming losses, trading at 1.1596, barely up 0.13% during the day at the time of writing.
Dow up over 700 points at the session highs The major US indices close sharply higher on the first day of the new trading month/new trading quarter with the NASDAQ index snapping a five day losing streak. Shares of Merck surged 8.6% on the back of a Covid drug that cuts hospitalizations by 50%. Transportation stocks
Forex news for North American trading on October 1, 2021 The US core PCE data for the month of August remain steady at 3.6%. That was the expected rate as well. Although inflation remains well above the 2% level, the expectations are that some of the gains are transitory and will come down over time.
New Delhi: Gold in the national capital on Friday rallied Rs 555 to Rs 45,472 per 10 gram amid rupee depreciation, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 44,917 per 10 grams. Silver also jumped Rs 975 to Rs 58,400 per kilogram from Rs 57,425 per kilogram
Dollar continues to pare gains in early US session as the week is coming to a close. PCE inflation data is largely ignored by the markets, while Euro also shrugs CPI. Canadian Dollar also ignores smaller than expected GDP contraction. Sterling is leading the way in the rebound, followed by Aussie. As for the week,
Here is what you need to know on Friday, October 1: Equity markets remain cautious despite another slew of losses for the main indices on Thursday to close out September and the quarter. Normally a dead cat bounce would be in evidence at this stage, but even that seems a tough act now as European
A start of a new month but it is a Friday The GBP is the strongest and the USD is the weakest as the NA session begins. It is a new month – good riddance September/hello October – but it is a Friday which can have some volatility. US stock futures are pointing marginally higher
Canada July 2021 GDP US Canada GDP for July came in at -0.1 versus -0.2 estimate. That is at down from 0.6% in June (revised from +0.7%). The July level was approximately 2% below the pre-pandemic level of the February 2020. Below is a look at the main industry sectors contributions to the percentage change in gross domestic product for the
NEW DELHI: Gold prices were trading with a marginal decline on Friday after a decent rebound in the previous session. Firm US dollar made the yellow metal expensive for holders of other currencies. The dollar recouped most of those losses on Friday and began the final quarter of 2021 at close to its highest level
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The RBNZ is almost certain to raise the OCR by +25 bps to 0.5% next week. The Funding-For-Lending program (FLP) will stay unchanged at NZ$28B. This should not be affected by the slowdown in economic activities in the third quarter. While cautioning about the uncertainty of the pandemic and economic damage brought about by the
Dogecoin (DOGE) co-founder Billy Markus has set his sights on nonfungible tokens (NFTs) and an Ethereum-to-Dogecoin bridge to help bring about for mass adoption of the meme coin. In a Sept. 30 tweet, Markus emphasized the importance of completing the Ethereum-Dogecoin bridge so that the asset could be integrated with top Ethereum-based NFT platforms such