Author: FX
Indian oil companies in talks to buy U.S. LNG supplies Source link
Domestic sight deposits CHF 428.1 bn vs CHF 432.9 bn prior This article was written by Justin Low at www.forexlive.com. Source link
EUR/USD recovers intraday losses and rebounds above 1.0300, but renewed fears of US President Trump’s tariffs keep the outlook uncertain. US President Trump is poised to impose 25% tariffs on all aluminum and steel imports. Investors await ECB Lagarde’s speech on Monday and Fed Powell’s testimony on Tuesday and Wednesday. EUR/USD recovers above 1.0300 in Monday’s European session after a weak opening around 1.0280. The major currency opened on a weak note as investors rushed to the safe-haven fleet on renewed United States (US) President Donald Trump’s tariff fears. The US Dollar Index (DXY), which tracks the Greenback’s value against…
China's Xi accepts invitation to attend Moscow's Victory Day in May, TASS reports Source link
WTI crude oil continues to cruise inside its channel on the short-term time frame, and it looks like another correction is in the works. Is the trend still our friend? Take a look at these potential inflection points on the hourly chart! WTI Crude Oil (USOIL) Chart by TradingView In our Global Market Weekly Recap, we noted how crude oil was dragged lower by confirmation that the OPEC+ would push through with its planned production hikes, despite tariffs-related uncertainty. Concerns about weaker demand from China, as well as the country’s retaliatory measures on higher U.S. trade levies, also weighed on…
A few months back, we pointed out that EUR/JPY was hanging around a long-term resistance level. Since then, the pair has taken quite a tumble and is now chilling closer to a major support zone. So, are the bulls about to step in and send EUR/JPY higher in the next couple of weeks? EUR/JPY Daily Forex Chart by TradingView If you caught our latest FX Weekly Recap, you’d know the Japanese yen was one of the strongest—if not the strongest—currencies last week, thanks to risk aversion and hawkish commentary from Japanese officials. Meanwhile, the euro struggled under the weight of…
This is a straight win and should have been done long ago. We did it in Canada a decade ago and prices are rounded up or down to the nearest nickel if you’re paying cash. If you pay by card, you pay the exact price. No one misses pennies here and it’s the same in other countries that have done it.Now Trump didn’t say that’s what they’re going to do but if you stop producing them, eventually you run out.As for market impacts, US pennies are made from 97.5% zinc and 2.5% copper so I’d imagine zinc prices will come…
On Monday, the People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1707 as compared to Friday’s fix of 7.1699 and 7.3050 Reuters estimates. PBOC FAQs The primary monetary policy objectives of the People’s Bank of China (PBoC) are to safeguard price stability, including exchange rate stability, and promote economic growth. China’s central bank also aims to implement financial reforms, such as opening and developing the financial market. The PBoC is owned by the state of the People’s Republic of China (PRC), so it is not considered an autonomous institution. The Chinese Communist Party…
Forex trading can stir up strong feelings. Many traders struggle to keep calm when prices shift. Managing emotions in forex trading is key to success. Stress, fear, and greed can lead to bad choices. This guide shows how to handle these feelings. It offers simple tips to stay cool under pressure. Learn to trade with a clear head. Key Takeaways Emotions like fear, greed, and impatience can lead to bad trading choices. Using stop losses and take profit orders helps remove emotions from trades. Keeping a trading journal tracks results and reveals behavior patterns. Mindfulness techniques like deep breathing…
Singapore's DBS flags higher margins, plans capital return Source link