Tag: trading

December 12, 2023

The U.S. dollar could face increased volatility in the coming days, courtesy of several high-impact releases on the economic calendar, although the most important risk event for financial markets will likely be the FOMC decision, particularly with the November Consumer […]

December 8, 2023

In a move to diversify its margin trading services, Binance, the global cryptocurrency exchange, has today integrated the privacy-focused digital asset PIVX into its margin trading offerings. The inclusion of PIVX prompted an immediate price rally, peaking above $0.40 before […]

November 29, 2023

Inflation in Germany dropped to 3.2% compared to November 2022 and represented a further decline from October’s 3.8% year-on-year print. More notably, the month-on-month decline was 0.4% and sharper than the -0.2 estimate. EU inflation data is due tomorrow with […]

November 29, 2023

Oil prices are enjoying a second successive day of gains, up around 1.5% at the time of writing. A lot of the optimism stems from the idea that OPEC+ will announce additional cut at tomorrow’s virtual meeting despite rumors that […]

November 20, 2023

Investment platform Freetrade, known for letting users trade shares from their phone, has launched a collection of easy-access exchange traded funds (ETF) that track the overnight interbank rate in the UK and US. The Cash Investments ETFs seek to track […]

November 17, 2023

US oil is down nearly 16% in the last month and over 23% in the last seven weeks as sellers continue to control price action. After touching a $95/bbl. high on September 28th, US crude hit a multi-month low of […]

November 15, 2023

US retail sales broke its run of six consecutive positive prints in October, dropping 0.1% in the month of October compared to September. In addition, September’s number was revised higher from +0.7% to +0.9%. Retail sales has contributed to the […]

November 15, 2023

Inflation has dropped to 4.6% which means the chancellor and prime minister can claim victory in one of their five pledges – the one to halve inflation by the end of the year. True, there’s still a few months of […]

November 9, 2023

The Euro appears to be gaining some traction against the Greenback of late. The 1.0700 handle however has proved stubborn with EURUSD unable to maintain gains once crossing the threshold. Markets continue to remain optimistic that the Fed are done […]

November 8, 2023

The American Petroleum Institute (API) reported a sizable rise in US crude stocks for the week ending 3 November. The inventory build has weighed on oil prices which have already suffered amid the prospect of a continued growth slowdown in […]

October 31, 2023

Bitcoin prices have taken a bit of a breather since the expansive rally that broke above the $35k mark last week Tuesday. Since then, it appears to be a case of uncertainty and rangebound trade but Bitcoin remains underpinned by […]

October 24, 2023

Cryptocurrencies have surged on hopes that the US could soon approve a bitcoin exchange-traded fund. Technical charts suggest there is room for further rise. Bitcoin has broken above a crucial hurdle at the July high of 31800, triggering a double […]

October 24, 2023

The passage of cryptocurrency legislation would put the U.S. “back in the game” in terms of competing with other nations that have already crafted frameworks to oversee digital asset activity, Sheila Warren, CEO of the Crypto Council for Innovation, said […]

October 23, 2023

Most Asian stocks extended recent losses on Tuesday following weak business activity readings from Japan and Australia, while Chinese markets rebounded from pre-pandemic lows as a state-run fund began snapping up some equities. Weak sentiment- amid persistent concerns over the […]

October 20, 2023

Schlumberger — The oilfield services stock dropped 2.9% after third-quarter revenue missed Wall Street expectations. Schlumberger reported $8.31 billion in revenue for the quarter, below the consensus estimate of $8.33 billion from analysts polled by LSEG, formerly known as Refinitiv. […]

October 18, 2023

Netflix — Shares of the streaming giant soared 12% after beating Wall Street’s expectations for profits in the third quarter. Netflix notched $3.73 per share on $8.54 billion in revenue while analysts polled by LSEG, formerly known as Refinitiv, forecast […]

October 13, 2023

After an initial move to the upside, stocks have given back ground over the course of the trading session on Friday. The major averages have pulled back off their highs of the session, with the tech-heavy Nasdaq leading the way […]

October 12, 2023

Inflation leveled off to 3.7% in September compared to a year ago, extending a gradual slowdown in consumer prices, even as it slowed to 0.4% from 0.6% in August. The Bureau of Labor Statistics released its latest round of price […]

October 10, 2023

In times of conflict and war, gold tends to witness a spike in value as investors shift away from riskier assets like stocks towards traditional safe haven assets that are more likely to preserve its value or decline at a […]

October 10, 2023

Bitcoin and Ripple have not enjoyed the best of weeks and for once this hasn’t had a lot to do with the Geopolitical situation in the middle east. There have been some developments particularly around ripple which are interesting but […]