Here are some forex pairs for beginners. Understand that every forex pair has a different personality and that you can’t approach every forex pair the same way. Every forex pair has a different spread, volatility and behavior and this is what beginners often neglect. I’ll also have the characteristics of these forex pairs explained. Some
Month: November 2022
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The major indices are all in the black with the Dow leading the way to the upside. That index is leading the way with a gain of 1.30% or 422 points. The S&P is up 0.87%. The Nasdaq is lagging but still higher by 0.77%. Dow above the 200 day MA and tests 50% Looking
At some point there’s no more bad news. The UK has cycled through governments, seen the central bank panic-buy bonds and stumbled through a near-death experience in the bond market. As the market crawled through that swamp over the past month, something happened: A series of higher lows. Late last week as the US dollar
Gold price in the national capital gained Rs 81 to Rs 51,201 per 10 grams on Monday, according to Securities. In the previous trade, the precious metal had settled at Rs 51,120 per 10 grams. Silver, however, dropped Rs 244 to Rs 60,596 per kilogram. In the international market, gold was trading flat at USD
European majors are the stronger ones for today, with help from better than expected investor confidence data. Sterling is leading the way, followed by Swiss Franc and Euro. While risk sentiment appears to be mildly positive, there is no clear buying in commodity currencies. Instead, they are the softer ones overall. Dollar and Yen are
A Now Hiring sign at a Dunkin’ restaurant on September 21, 2021 in Hallandale, Florida. Joe Raedle | Getty Images The unemployment rate for Black men ticked down in October while it rose for most other groups, but that may be because workers are dropping out of the labor force. The October nonfarm payrolls print
In this article BRK.A Follow your favorite stocksCREATE FREE ACCOUNT Berkshire Hathaway Chairman and CEO Warren Buffett. Andrew Harnik | AP Berkshire Hathaway on Saturday posted a solid gain in operating profits during the third quarter despite rising recession fears, while Warren Buffett kept buying back his stock at a modest pace. The Omaha-based conglomerate’s
USDCAD bulls were knocked back as the US Dollar slumps again. All eyes are on US CPI and Fed speakers this week. USDCAD is trading flat on the day following an initial surge in the early part of the New York session into shorts established at the start of the day in Asia and London.
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EURUSD falls back below trend line The EURUSD has moved back below the upward sloping trend line that currently cuts across at 0.9759. The low from earlier in the day remains intact at 0.9729, but sellers remain in control on the continuation break lower today. The fall below the 0.98056 to 0.9815 was a key
Six major central banks delivered decisions in the last eight days and five of them had the same thing in common — a dovish surprise. Why did they all tilt unexpectedly? Is there something else going on? The easy answer is that they shifted because the facts shifted. The growing consensus of a looming global
Bitcoin (BTC) has been lingering above $20,000 for the past nine days, but worsening conditions from traditional markets are causing traders to doubt if the support will hold. On Nov. 3, the Bank of England raised interest rates by 75 basis points to 3%, its largest single hike since 1989. The risks of a prolonged
Gold price in the national capital fell Rs 402 to Rs 50,597 per 10 grams on Thursday, amid weak global trends, according to Securities. In the previous trade, the yellow metal had closed at Rs 50,999 per 10 grams. Silver, also, tumbled Rs 1,244 to Rs 58,111 per kilogram. “Gold inched lower on Federal Reserve
Sterling dives sharply after dovish BoE rate hike, which saw two doves dissented. Aussie and Kiwi are following as next weakest as risk-off sentiment persists. Dollar’s post-FOMC rally is accelerating, partly supported by expectation of a higher terminal rate for Fed, and partly by risk aversion. Yen is following as next strongest, and then Canadian,
The cost of labor rose less than expected, but low productivity helped keep the pressure on inflation in the third quarter, according to Labor Department data released Thursday. Unit labor costs, a measure of productivity against compensation, increased 3.5% for the July-to-September period, below the 4% Dow Jones estimate and down from 8.9% in the