Gold prices mark corrective pullback from June 2020 lows tested on Friday. US FDA’s approval to J&J’s one-shot vaccine, chatters over UK/US fiscal relief measures favor short-term buyers. S&P 500 Futures snap two-day downtrend with 0.50% intraday gains, US 10-year Treasury yields halt further downside. Month-start PMIs, stimulus news and yields are the key catalysts.
AUD/JPY up 0.5% to 84.76, its highest levels since February 2018 The yen is weighed lower on the back of higher yields once again to start European morning trade, with AUD/JPY pushing to fresh highs in three years currently. The pair is looking to hold a push past the March to June 2018 highs around
Closing changes for the main North American indexes Yields finished near the lows of the day and about 20 minutes before the close that looked like it was going to spill into equities as they quickly jumped but right at the end of the day there was some hard selling S&P 500 -0.5% DJIA -1.5%
NEW DELHI: Physical gold demand in India gained momentum this week as retail buyers and jewellers lapped up bullion at near eight-month low prices, while Singapore continued to see steady interest for both gold and silver. Gold futures in India were trading around Rs 46,000 per 10 grams, not far from the eight-month trough of
Learn Forex Trading Strategies For Beginners – http://www.DayTradingForexLive.com This forex training video was the Daily Market Review for August 29th 2012 and is part of our members daily forex education. After I finished the review I thought I would make it public as I felt this could really help all in their understanding of how
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A Banner hangs outside the New York Stock Exchange (NYSE) ahead of the Virgin Galactic (SPCE) IPO in New York, U.S., October 28, 2019. Brendan McDermid | Reuters Virgin Galactic delivered fourth quarter results after the market closed on Thursday, with the company disclosing its next spaceflight test is delayed to May and pushing the
Coinbase’s IPO announcement has been hailed as “a milestone for the crypto industry” by Fortune Magazine. Similar to the Netscape IPO announcement that signaled the legitimacy of the internet, Coinbase’s impending public offering signals to the public at large that cryptocurrency trading is legitimate, legal and secure in the eyes of the Securities and Exchange
AUD/USD falls to a session low of 0.7805, down 0.8% today Invest in yourself. See our forex education hub. The aussie is vehemently rejecting a test of the 0.8000 handle yesterday, as it continues its fall from grace in a 200 pip drop towards 0.7800 since then. The risk selloff is the main story in
The PM announced the new lockdown after a community case of coronavirus with an unknown origin was detected. Level 3 restrictions imposed, people can leave home only for essential shopping and essential work The rest of the country will be placed into a less restrictive alert level 2. — For the NZD this should mean a
Feb 26: Gold prices hit their lowest in a week on Friday and headed for a second straight weekly decline as higher U.S. Treasury yields sapped the appeal of non-yielding bullion. FUNDAMENTALS * Spot gold was steady at $1,770.15 per ounce by 0046 GMT, having earlier fallen to its lowest since Feb. 19 at $1,764.90.
ActionForex.com was set up back in 2004 with the aim to provide insightful analysis to forex traders, serving the trading community for over a decade. Empowering the individual traders was, is, and will always be our motto going forward. Contact us: contact@actionforex.com
Tony Xu, co-founder and chief executive officer of DoorDash Inc., smiles during the Wall Street Journal Tech Live conference in Laguna Beach, California, U.S., on Tuesday, Oct. 22, 2019. Martina Albertazzi | Bloomberg | Getty Images DoorDash reported Q4 2020 earnings after the bell on Thursday. It beat analyst revenue estimates but included a large
GBP/USD is stabilising around the 1.3950 mark as the week draws to a close. On the week, having been up over 1.6% at highs, GBP/USD looks set to finish the week down 0.3%. GBP/USD is stabilising around the 1.3950 mark as the week draws to a close, sharply below multi-year highs set back on Wednesday
Not everyone is excited about hyperbitcoinization. According to a popular copy/paste meme, Bitcoin holders are set to become a neo-aristocracy as Bitcoin becomes the dominant world currency: Only $BTC holders will be permitted to the upper echelons of society. Nocoiners will be shunned, socially and financially. At best forced to become servants to the new
The sell everything mode in the market is dragging gold lower as well Invest in yourself. See our forex education hub. Gold is down 0.7% on the day as price falls below its 30 November low @ $1,764.80, trading to levels last seen since June last year. With the November low and 50.0 retracement level
Biden urges Senate to pass legislation Biden called on the Senate to quickly pass the $1.9 trillion stimulus package after it cruised through the House. “It’s time to act,” he said on Saturday, noting that an “overwhelming” percentage of Americans support the bill. “We have no time to wasted.” The bill will provide $1400 each
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