Share: The Canadian Dollar has seen little but downside this week. A pivot to market Fed expectations is sending investors into the US Dollar. Crude Oil bids try to recover, limiting Loonie losses for Friday. The Canadian Dollar (CAD) is in the red overall for the week, seeing only a minor gain on
The major stock indices are closing near session highs with the NASDAQ index leading the way. All 3 major indices are closing above their 100-day moving averages (bullish). All 3 indices are closing higher for the week. A snapshot of closing levels shows: Dow industrial average +391.16 points or 1.15% at 34283.09. Its 100-day moving
Understanding Synthetic Indices and Lot Size Calculation Introduction to Synthetic Indices Synthetic indices are a novel and increasingly popular component of the financial markets. They simulate real-world market conditions using computer algorithms, offering a unique blend of consistency and variability. Unlike traditional assets, synthetic indices are unaffected by real-world events such as economic changes, political
The People’s Bank of China (PBOC) has reaffirmed its commitment to prudently internationalize the yuan and liberalize the financial market, as stated on Thursday. The central bank is set to increase the use of the yuan in global transactions, a move that supports global investors’ asset allocation and encourages more overseas central banks to issue
Share: Mexican Peso climbed on Friday, but the USD/MXN shows weekly losses of more than 1%.. Banxico’s decision to maintain interest rates at 11.25% and a shift in language hinting at less hawkish future policy impacts the Peso. Federal Reserve Chair Jerome Powell commented that the Fed would not hesitate to adjust monetary
In the fast-paced world of forex trading, having access to accurate and reliable indicators is crucial for making informed decisions. One such indispensable tool in a trader’s arsenal is the Spearman Correlation MT4 Indicator. In this article, we will delve into the intricacies of this technical indicator, exploring its significance, functionality, and practical applications. Understanding
US November prelim UMich consumer sentiment 60.4 vs 63.7 expected Fed’s Daly: Policy is in a very good place Yellen: We have not seen an impact on the Treasury market from the ICBC attack Yellen-He meeting readout: US seeks healthy economic relationship with China From earlier: Lagarde says rates cuts not coming for at least
The Gold Market and Its Nuances Gold trading, often referred to as trading in the ‘gold market’, is a practice as old as commerce itself, yet it remains at the forefront of the financial world for its perceived safety and value retention. This market is distinct for its liquidity and the nearly 24-hour access it
© Reuters. The Japanese yen’s depreciation accelerated today, edging closer to its highest level in 33 years, amid signals from Federal Reserve Chair Jerome Powell that interest rate hikes could continue in the face of persistent inflation concerns. The yen traded at 151.44 to the dollar, a marginal increase of 0.06% from the previous session.
Share: The USD/CHF is seeing a thin bounce for Friday, churning towards 0.9050. The pair is holding steady after falling into the median range near major moving averages. Up Next: On Tuesday, an appearance from SNB Chair Thomas Jordan, US CPI inflation. The USD/CHF is on the high side for the week after Federal
