In times of economic uncertainty and market volatility, investors often find themselves immersed in treacherous waters. For some traders, this brings opportunity, and others peril. Join renowned trading experts, educators, and traders from around the world who will be exploring this trend at the upcoming Finance Magnates Pacific Summit (FMPS). After months of anticipation, FMPS
Month: August 2024
The commodities market remains an exciting space to monitor in August. Commodities play a pivotal role in the financial markets, an asset class employed to add diversification to a portfolio, acts as an inflation hedge, and is used for speculation and investment purposes. From gold clocking record highs to oil and copper prices navigating lower
There are many markets available for traders, each serving different purposes. Stock markets are for investing in companies, crypto markets are for investing in blockchain projects, and so on. But the biggest market among them is forex. Why is the FX market the biggest? In this article, the team of analysts from FTD Limited, the
GBP/USD bulls turn cautious amid the emergence of some USD buying on Thursday. The divergent BoE-Fed policy expectations might continue to lend support to the pair. The technical setup warrants caution for bulls and before positioning for further gains. The GBP/USD pair oscillates in a narrow band during the Asian session on Thursday and remains
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 your initial investment; do not
Gold remains stable above $2,500, buoyed by Fed Minutes suggesting a possible rate cut at the next meeting. The US Dollar Index (DXY) falls 0.20% to 101.10, weakening the Greenback and supporting Gold prices. Investors focus on upcoming US economic data and Fed Chair Powell’s speech at the Jackson Hole Symposium on Friday. Gold stayed
Markets: Gold down $2 to $2511 US 10-year yields down 2 bps to 3.79% WTI crude down $1.26 to $71.92 S&P 500 up 0.4% GBP leads, USD lags Dollar weakness was the theme once again and this time it had some backing as the BLS revised down non-farm payrolls by 818K jobs for the year
The Pound Sterling (GBP) is little changed—but looking relatively comfortable—above 1.30, Scotiabank’s Chief FX Strategist Shaun Osborne notes. GBP set to remain on track for 1.3150 “UK government finances data showed a significantly larger than forecast borrowing requirement in July (GBP19.2bn) but the data had no impact on the GBP’s performance. Near-term direction hinges on
Headlines: Markets: CAD leads, JPY lags on the day European equities higher; S&P 500 futures up 0.2% US 10-year yields down 0.4 bps to 3.814% Gold down 0.1% to $2,511.69 WTI crude up 0.1% to $73.25 Bitcoin flat at $59,408 The theme this week is waiting on Thursday and today is no exception. It was
Fundamental Overview The USD continues to remain under pressure amid positive risk sentiment and the imminent rate cuts from the Fed which should help global growth. These are generally bearish drivers for the greenback. In fact, the recent strong appreciation of the NZD has been mostly driven by the US Dollar side of the equation.
Fundamental Overview The USD continues to remain under pressure amid positive risk sentiment and the imminent rate cuts from the Fed which should help global growth. These are generally bearish drivers for the greenback. In fact, the appreciation of the AUD has been mostly driven by the US Dollar side of the equation, although it
Fundamental Overview The USD continues to remain under pressure amid positive risk sentiment and the imminent rate cuts from the Fed which should help global growth. These are generally bearish drivers for the greenback. In fact, the appreciation of the GBP has been mostly driven by the US Dollar side of the equation. The market
The Moving Average Convergence Divergence (MACD) technical indicator features an assortment of applications. Developed by Gerald Appel, the MACD indicator has been used extensively for more than 40 years and remains a household name among technical analysts. The MACD is a customisable indicator primarily used to recognise momentum shifts, identify trend and trend reversal signals,
Trading in financial markets is often perceived as a high-stakes game of numbers, charts, and quick decisions. However, if you look closer, trading is much more than just buying low and selling high, it’s an intricate art that parallels the disciplines, strategies, and mentalities found in sports. The art of trading will be of particular
Fundamental Overview After the breakout of the 2480 resistance, gold eventually extended the gains into the 2532 level as the momentum buyers piled in. In the big picture, gold should remain supported as real yields fall as we head into the Fed’s easing cycle, but in the short-term strong US data might provide pullbacks along
Fundamental Overview The USD continues to remain under pressure amid positive risk sentiment and the imminent rate cuts from the Fed which should help global growth. These are generally bearish drivers for the greenback. In fact, the appreciation of the EUR has been mostly driven by the US Dollar side of the equation. The ECB
Bitcoin price fails to rise for a second consecutive day and remains within its broad consolidation zone between $57,000 and $62,000. Ethereum price is at risk of a further decline if it fails to find support at around $2,500. Ripple price finds stability around the daily support level of $0.544, with potential recovery on the
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 your initial investment; do not
The Dow Jones Industrial Average cycled familiar territory on Tuesday. The equity index is holding near 41,000.00 as investors take a breather. Equities poised for further upside as investors brace for Jackson Hole. The Dow Jones Industrial Average (DJIA) churned on Tuesday, eking out a fresh two-week high near the 41,000.00 handle but overall holding
I find it tough to get excited about benchmark revisions but tomorrow’s non-farm payrolls re-think is getting plenty of attention. Economists at Goldman Sachs think between 600,000 and 1 million jobs could be shed in the revision, raising new questions about the strength of the jobs market just ahead of Jackson Hole. The Bureau of
It’s hard to find a more cynical place than the financial markets. Every time there is a catastrophe somewhere in the world, investors rush to look for opportunities to make money. This was the case after the 9/11 attacks in the United States, the Fukushima catastrophe, the Arab Spring, and, of course, the wars between
Commerzbank’s experts continue to expect Silver to end the year at $30 per troy ounce, Platinum at $1,100 per troy ounce and Palladium at $1,050 per troy ounce. They are taking into account that the recent rise in the Gold price to a record level has failed to have an effect on the three precious
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 your initial investment; do not
Fundamental Overview The Russell 2000 last Thursday managed to break above a key resistance zone following strong US Jobless Claims and Retail Sales data. The market continues to fade the “growth scare” we got at the beginning of August and it’s now looking forward to the Fed’s rate cuts. In fact, the rate cuts into
Fundamental Overview Copper has been on a sustained downtrend since reaching its peak in May. More recently we’ve been seeing some life coming back into the market with an increase in the bullish momentum last week as the mining giant BHP said on last Tuesday that it had started removing workers on strike at its
Fundamental Overview The USD continues to remain under pressure amid positive risk sentiment and the imminent rate cuts from the Fed which should help global growth. These are generally bearish drivers for the greenback. In fact, the recent appreciation of the CAD has been mostly driven by the US Dollar side of the equation. The
Gold is a timeless, resilient precious metal boasting a rich and colourful history, one that societies have coveted for centuries. Primarily mined using underground tunnels or open pits, China remains the leading gold producer in the world, closely followed by Russia and Australia. Given its value and finite nature, gold remains among the most popular
Fundamental Overview Yesterday, the yen strengthened across the board in the Asian session without any clear catalyst. It looks like it was more of a technical move as the price broke through a key trendline rather than something fundamental. On the other side, there might be some pre-positioning into a dovish Powell speech on Friday
The downside of the Japanese Yen could be limited as BoJ is highly expected to implement further rate hikes. Recent economic growth in Japan raises the possibility of another near-term BoJ rate hike. The US Dollar faced challenges following dovish Fedspeak. The Japanese Yen (JPY) declines against the US Dollar (USD) on Tuesday. However, the
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 your initial investment; do not
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