Tag: business

February 2, 2023

Adani Group’s market losses swelled to more than $100 billion on Thursday, sparking worries about their potential systemic impact, a day after its flagship company abandoned a $2.5 billion stock offering. The withdrawal of Adani Enterprises’ share sale marks a […]

January 6, 2023

The CNN Money Fear and Greed index showed easing in the fear level among US investors. US stocks closed lower on Thursday as investors assessed the recent jobs data. Private businesses in the US added 235,000 jobs in December, well […]

January 5, 2023

Wall Street was set to tap the brakes on Thursday as upbeat jobs data after a firm message from the Fed that it won’t be cutting interest rates any time soon offset China’s latest reopening plans. News that China’s mainland […]

December 23, 2022

Traders tend to focus on their domestic markets at the start of their careers. That’s natural and understandable enough. Local knowledge of conditions and market dynamics is likely deeper, the essential feeling of being plugged into the economic news cycle […]

December 19, 2022

THE TRUTH ABOUT FEAR AND GREED WHILE TRADING ‘Fear and greed’ can be commonplace among traders and can be rather damaging if not managed properly. Fear is often observed as the reluctance to enter a trade or the closing of […]

December 16, 2022

It was a big week in stocks as the Tuesday CPI report brought a reversal scenario into the equation that got another shot-in-the-arm on Wednesday at the FOMC rate decision. Hopes for a FOMC pivot into rate cuts were dashed […]

December 12, 2022

Microsoft Corp. MSFT -0.80%decrease; red down pointing triangle will take a 4% stake in the London Stock Exchange’s LSEG 2.11%increase; green up pointing triangle corporate parent and provide cloud computer services for the financial markets company, in a deal that […]

December 5, 2022

Shares of Chinese companies listed in the U.S. jumped Monday after China loosened more Covid restrictions to accelerate the reopening of the economy. The Invesco Golden Dragon China ETF, which tracks the Nasdaq Golden Dragon China Index, rallied nearly 6% […]

December 2, 2022

European stocks are seen opening slightly lower on Friday, as caution prevails ahead of the closely watched U.S. monthly employment report for November, due out later in the day. Economists expect employment to jump by 200,000 jobs in November after […]

December 1, 2022

Shares advanced in Europe and Asia on Thursday after a rally on Wall Street spurred by the Federal Reserve chair’s comments on easing the pace of interest rate hikes to tame inflation. Signs that China may be shifting its approach […]

November 30, 2022

U.S. markets are flat ahead of a highly anticipated speech by the chair of the Federal Reserve that may give clues about future interest rate hikes. On the last trading day of the month, futures for the Dow Jones industrials […]

November 29, 2022

MISTAKE 1: NO TRADING PLAN Traders without a trading plan tend to be haphazard in their approach because there is no consistency in strategy. Trading strategies have predefined guidelines and approaches to every trade. This prevents traders from making irrational […]

November 22, 2022

Major global stock markets advanced Tuesday after Wall Street sank and Chinese anti-virus controls fueled concern about an economic slowdown. London and Frankfurt opened higher. Shanghai and Tokyo gained, while Wall Street futures were lower. Oil prices gained. Wall Street’s […]

November 18, 2022

Asian stock markets fell Friday while Europe opened higher after a Federal Reserve official suggested U.S. interest rates might have to be raised higher than expected to cool inflation. London and Frankfurt advanced while Shanghai, Hong Kong and Tokyo declined. […]

November 11, 2022

Wall Street pointed higher in premarket trading Friday, adding to the hefty gains from a day earlier when government data showed that U.S. inflation eased more expected, spurring hopes the Federal Reserve might scale down plans for more interest rate […]

November 9, 2022

Twitter’s new owner and Tesla CEO Elon Musk sold nearly $4 billion worth of Tesla shares, according to regulatory filings. Musk, who bought Twitter for $44 billion, sold 19.5 million shares of the electric car company from Nov. 4 to […]

September 30, 2022

FOREX EXIT STRATEGY #1: TRADITIONAL STOP/LIMIT (USING SUPPORT AND RESISTANCE) One of the best ways to keep emotions in check is to set targets (limits) and stops at the same time the trade is entered into. This is a much […]

September 23, 2022

Global stocks fell for a third day Friday after more rate hikes by the Federal Reserve and other central banks to control persistent inflation spurred fears of a possible global recession. London and Frankfurt opened lower. Shanghai, Hong Kong and […]

September 23, 2022

Gold has been stuck in a rut for the last week with any attempted break higher met with more forceful opposition. Gold is battling higher US Treasury yields, especially in the interest-rate sensitive short-end, that continue to dull the allure […]

September 21, 2022

UK manufacturers reported a marginal fall in production in the three months to September but they expect a much sharper decline over the coming three months, monthly Industrial Trends Survey from the Confederation of British Industry and Accenture showed Wednesday. […]