Author: FX
S&P 500 FORECAST:S&P 500 begins the week on the front foot, supported by positive sentiment following encouraging results from banks last FridayThe focus this week will be on earnings from tech giants Netflix and TeslaThis article looks at key S&P 500’s technical levels to watch in the coming days and weeks Recommended by Diego Colman Get Your Free Equities Forecast Most Read: Gold Recovery Runs Out of Fuel Ahead of US Retail Sales. What Now for XAU/USD?The S&P 500 traded slightly higher on Monday, supported by a positive mood following benign corporate results from major lending institutions before the weekend…
2/2 © Reuters. An armed ship sails next to Crimean bridge connecting the Russian mainland with the peninsula across the Kerch Strait, Crimea, July 17, 2023. REUTERS/Stringer 2/2 KYIV (Reuters) -Russia halted participation on Monday in the year-old U.N.-brokered deal that lets Ukraine export grain through the Black Sea, spreading fear in poorer countries that price rises will put food out of reach. Hours earlier, a blast knocked out Russia’s bridge to Crimea in what Moscow called a strike by Ukrainian sea drones, killing two people in what Moscow cast as a terrorist attack on the road bridge, a major artery for Russian…
The Kerch bridge was once again attacked today, this time likely by water-based drones. The automotive part of the bridge was damaged while the rail bridge was left intact. It’s a critical logistics transportation hub from Russia to Crimea to support the war. Two civilians were killed and their daughter was injured.Putin has made some comments:What happened to the bridge is a terroristic act by UkraineRussia will respondDefense Ministry is preparing proposals on an answer to the bridge attackIt’s unclear how long it will take to repair but it was attacked by Ukraine before and is a hated symbol of…
Share: USD/MXN ends a six-day losing streak, jumps 0.54%, driven by a risk-off market amid weak Chinese GDP and Retail Sales data. Despite Wall Street’s positive opening, concerns over China’s economic slowdown overshadow optimism; awaits key US and Mexico retail sales data. Potential rate cut by the Bank of Mexico in December 2023, coupled with the US Federal Reserve’s upcoming policy meeting, adds uncertainty to the USD/MXN. USD/MXN snaps six days of losses and climbs from around 7-year lows reached at 16.7062, amid a light economic calendar in Mexico and the United States (US) and a risk-off environment.…
Article by IG Chief Market Analyst Chris BeauchampUK Inflation AnalysisUK inflation is expected to slowThe latest figures from the Office for National Statistics (ONS) are expected to show that UK inflation is set to drop to its lowest level in over a year. In June, the rate of price growth is predicted to fall to 8.2%, down from 8.7% in May. This would be a reversal from previous expectations, as analysts had anticipated a decrease in the cost of living. However, it is worth noting that this figure is still higher than the Bank of England’s own forecast of 7.9%…
Torsten Asmus Major market averages opened trading mixed on Monday after the three major averages capped off last week with gains on favorable inflation data, while market participants look ahead to corporate earnings. The benchmark S&P 500 (SP500) was flat, the blue-chip Dow (DJI) fell 0.1%, and the tech-heavy Nasdaq Composite (NDX:IND) advanced by 0.3%. On the week, the Dow was up 2.3%, the best weekly gain in 4 months, Nasdaq rose 3.3% and the S&P 500 was up 2.4%. Treasury yields declined Monday after yields closed higher on Friday. Moreover, Morgan Stanley says that they expect yields to trend…
layer-2 scaling solution zkSync Era has launched a new Scalable Transparent Argument of Knowledge (STARK)-based proof system called Boojum that promises to run on consumer-grade general processing units (GPUs). ZkSync Era is one of a handful of Ethereum scaling protocols using zero-knowledge rollups (ZK-rollups) to increase capacity and speed while reducing fees. ZK-rollups mostly use two prominent proof systems: zk-STARKs and Zero-Knowledge Succinct Non-Interactive Argument of Knowledge (zk-SNARKs).Continue Reading on Coin Telegraph Source link
In trading, it is very easy to get lost in the game. You get on your trading platform, try to get some pips, and in the process, you usually forget the most basic risk management practices. Here are five everyday habits that might help in limiting your risk exposure. 1. Double, triple, and even quadruple-check your orders Electronic trading has made it very easy for traders to execute trades. However, because of the ease and simplicity of electronic online trading, the chances of erroneous commands also rise significantly. Having a well-thought-out trading plan would be useless if you do not correctly input your…
Artificial Intelligence Artificial Intelligence Artificial Intelligence (AI) is defined as the automation of robotics and its influence and/or adoption within existing technologies.In recent decades, the evolution of technology has quickly since led to the gradual adoption of AI in several aspects of our lives, including investing or trading.One of the most pertinent is its impact in the financial services industry, which provides a wide range of possibilities.How Can AI Change the World?Perhaps more so than any other technology, AI has the p Artificial Intelligence (AI) is defined as the automation of robotics and its influence and/or adoption within existing technologies.In…
Share: CEE FX showed a strong rally last week. Economists at ING expect the same story this week. Global conditions boost the region The region should still benefit today from EUR/USD’s move higher late last week. Sentiment remains open to risk and the renewed fall in gas prices to the lowest levels since early June is playing into the hands of the HUF in particular. The calendar in the region has little to offer and so the main focus will be on the global story. Overall, we expect further gains across the region albeit at a slower pace.…