Author: FX

JHVEPhoto/iStock Editorial via Getty Images Capital One Financial (NYSE:COF) is evaluating a possible purchase of Discover Financial Service (NYSE:DFS). Capital One (COF) has been working with advisers to consider a potential acquisition of Discover (DFS), according to a Bloomberg report on Monday, which cited people familiar with the matter. Deliberations on a potential transaction are ongoing and there’s no certainty they will lead to a purchase, according to the report. Discover Financial (DFS) has a market cap of about $28 billion, while Capital One (COF) is valued at $52 billion. Shares of Discover gained 15% last year, while Capital One…

By Kirsty Needham SYDNEY (Reuters) -Papua New Guinea will give arrest powers to its military amid an eruption of tribal violence in remote highlands that saw at least 26 men killed in an ambush, Prime Minister James Marape said late on Monday. Papua New Guinea’s police commissioner David Manning is travelling to the scene of the fighting in Enga province, after shocking images of bodies stacked onto a truck circulated on social media in the Pacific Island nation, the toll from an inter-tribal ambush on Sunday in remote Wapenamanda. In a statement, Manning said it was a “disgraceful act of…

British Pound (GBP) Outlook, Charts, and AnalysisGBP/USD didn’t lose much when US PPI saw rate-cut expectations pushed back againIt has risen a little further in Monday’s European session, but bulls look cautiousTrendline support from 2022 is getting closeDownload our complimentary guide to help your trade GBP/USD Recommended by David Cottle How to Trade GBP/USD The British Pound has managed modest gains against the United States Dollar as a new trading week kicks off in Europe on Monday.There’s a lack of important economic data points at either side of GBP/USD this week, a fact which may just play out in Sterling’s…

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 invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions. Advisory warning: FOREXLIVE™ is not an investment advisor, FOREXLIVE™ provides references and…

Like many high-performance endeavors, success in trading takes time, patience, and a lot of practice. This is why not many newbies successfully trade currencies on their first try. In fact, popular trading discussions estimate that only 2% of newbie traders eventually make money. So what makes it hard for beginners to stick to trading anyway? I’ve learned of countless reasons after talking with fellow forex traders in my blogs and in the forums, but I think we can narrow them down into five: 1. They blew their trading account. What’s the point of trading if there’s no account to trade? One of…

Share: USD/CHF trades in a narrow range, slightly above 0.8800, as US markets will remain closed on Monday. The week, the USD Index will be guided by the release of FOMC minutes. The SNB may commence the rate-cut cycle sooner amid easing price pressures. The USD/CHF pair is struck in a tight range around 0.8800 in the London session on Monday. The Swiss Franc asset struggles for a direction as US markets will remain closed on Monday because of Presidents’ Day. Therefore, lower trading activity is anticipated. The US Dollar Index (DXY) has discovered an intermediate support near…

Purpose US Cash Fund – ETF Units declares $0.4106 dividend Source link

Gold (XAU/USD) Analysis and ChartGold continues its technical correction.Trading activity will pick up later in the week.Most Read: Gold Picking Up a Small Bid as Oversold Conditions Begin to ClearUS equity and bond markets are closed for the day – US Presidents’ Day holiday – and this will weigh on market activity across a range of asset classes. Activity over the rest of the week should pick up with FOMC minutes, the release of the February PMIs, and chip-giant Nvidia’s earnings all worthy of attention. In addition, a handful of Fed speakers will give their latest thoughts on the economy,…

© Reuters. Investing.com – European stock markets traded marginally lower Monday, starting the new week in a muted fashion with the U.S. on holiday, but Spanish banking giant Santander starred after announcing a new share buyback. At 03:15 ET (08:15 GMT), the in Germany traded 0.2% lower, the in France traded down 0.3% and the in the U.K. dropped 0.1%. PMIs due this week The new week has started on a negative note, handing back some of the previous week’s gains as investors consolidate in thin trading with U.S. investors likely to be missing given the Presidents’ Day holiday. The…

USD/CAD is consolidating near a potential support zone! I don’t know if you’ve been watching USD/CAD but you should know that the pair hasn’t quite recovered from its rejection just under the 1.3600 mark last week. If you recall, the U.S. dollar lost pips likely due to improved risk sentiment and traders taking profits from their long USD trades. Meanwhile, the oil-related Canadian dollar was able to limit its losses and even gain some pips thanks to higher crude oil prices. Remember that directional biases and volatility conditions in market price are typically driven by fundamentals. If you haven’t yet…