U.S. EQUITY OUTLOOK: The S&P 500, Nasdaq 100 and Dow Jones lose ground on Thursday, but end the day well off their lows The S&P 500 is on the brink of entering bear market territory as Wall Street’s generals are eliminated one by one With investor sentiment deteriorating, risk appetite should remain depressed in the … Read more
The Association of Bureaux De Change Operators of Nigeria (ABCON) has unveiled some strategies on how to save the naira from further decline and improve the stability of the exchange rate. These roadmap strategies/campaign plans are necessary to save the naira from further decline, bridge exchange rate gaps, and curb volatility in the forex market. … Read more
Today is one of those days when you shouldn’t be logging into your retirement accounts. U.S. stocks face relentless selling pressure as investors trim their earnings outlook given the unclear outlook for economic growth and the U.S. consumer. Today’s PPI report did little to change the outlook with inflation, suggesting price pressures remain uncomfortably high. … Read more
GOLD PRICE OUTLOOK: Gold prices have fully retraced the gains induced by the geopolitical turbulence of the first quarter Rising real yields and strong US Dollar momentum were the two main bearish catalysts for precious metals This article examines the key technical levels for XAU/USD to watch in the short term Most read: US Dollar, … Read more
One of the hottest acronyms for institutional investing and managed funds right now is ESG. ESG stands for Environmental, Social and Governance, and refers to policies within companies that seem to “give something back” to the world outside their company. Often, ESG policies include non-financial factors as part of their analysis process that are intrinsic … Read more
The U.S. dollar jumped sharply after U.S. inflation figures for April turned stronger than markets had expected, leading to warnings that it could be a while before price increases start to slow. As a result, the price of the USD/JPY currency pair has held steady around and above the psychological resistance at 130.00, which is … Read more
For the second day in a row, gold prices are trying to rally, reigniting safe haven buying momentum after falling to a 3-month low. It reached the support level of $1832 an ounce. The rebound gains took it to the $1858 per ounce level before prices settled around the $1851 per ounce level at the … Read more
Australian dollar, AUD/JPY analysis Japanese Yen Gets Bid as Selling Cryptos and Stocks Riskier Global growth downgrades (mainly in China) have important implications for the AUD Main technical levels AUD/JPY Yen bid as stocks sell The Japanese yen is experiencing a momentary rally as risk sentiment aligned with equities and cryptocurrencies takes a hit. The … Read more
MELBOURNE, May 12, 2022 – (ACN Newswire) — Mitrade, the Australian Forex and OTC derivatives trading broker, has received two prestigious awards from FxDailyInfo at the Forex Broker Award 2022. Mitrade Wins Two Prestigious Awards at Forex Broker Award 2022 Mitrade was crowned Most Innovative Broker 2022 and Best Trading Platform 2022. The awards are … Read more
The forex market offers many trading opportunities. Keep reading to learn how to profit by taking advantage of these opportunities on a daily basis. Forex trading involves exchanging one currency for another. This could be done through spot trading on brokers like oanda.com or futures and futures. The idea is to sell weak currencies and … Read more
