Data confirmed estimates that German GDP would shrink 0.1% Germany’s economy shrank slightly in the third quarter compared with the previous three months, statistics office data showed on Friday. The numbers confirmed an initial estimate, published at the end of October, which indicated that Europe’s largest economy had shrunk by 0.1%. (GRAPHIC FROM THE
The major US stock indices are opening near unchanged on the day. Yesterday, shares were little changed as well with: Dow industrial average fell -56.68 points or -0.16% at 35333.48 S&P index fell -8.89 points or -0.19% at 4550.44 NASDAQ index fell -9.84 points or -0.07% at 14241.01 At the start of trading today, a
Osmosis is an advanced data driven automated trading robot which uses dynamic price differential algorithm and market volume to trade retracement on Gold (XAUUSD) . The price differential algorithm identifies various possible prices of execution, simultaneously pends and modifies orders until it gets the best possible price of execution. This makes the EA to use a
US DOLLAR OUTLOOK – EUR/USD & USD/JPY The broader U.S. dollar was flat on Monday, but volatility could pick up in the coming trading sessions, with several high-impact events on the calendar The focus will be on U.S. PCE data, ISM manufacturing results and Powell’s public appearance later in the week This article explores the
© Reuters. FILE PHOTO: A Russian state flag flies over the Central Bank headquarters in Moscow, Russia, August 15, 2023. A sign reads: “Bank of Russia”. REUTERS/Shamil Zhumatov/File Photo MOSCOW (Reuters) – The Russian central bank said on Monday it would resume domestic foreign exchange market interventions from January 2024, taking into account FX purchases
Additionally, the company posted a new cash record of around $157.2 billion, a significant increase compared to $147.4 billion in the previous quarter. This strong cash flow suggests that Oracle (NYSE: ORCL ) of Omaha, Warren Buffett, is attentive to market opportunities in the face of projections of an economic slowdown or recession
UPCOMING EVENTS: Tuesday: Australian Retail Sales, US Consumer Confidence. Wednesday: Australian Monthly CPI, RBNZ Policy Decision, US GPD Q3 2nd Estimate. Thursday: Japan Industrial Production and Retail Sales, China PMIs, Switzerland Retail Sales, Eurozone CPI and Unemployment Rate, Canada GDP, US Core PCE, US Jobless Claims. Friday: Japan Jobs data, China Caixin Manufacturing PMI, Switzerland
Forex traders utilize Fibonacci retracements to aid in identifying possible key levels of support and resistance. These levels are used as guidelines for traders looking to enter or exit the market along with appropriate risk management techniques. HOW TO CREATE A FIBONACCI RETRACEMENT ON A FOREX PAIR Before delving deeper into practical examples, traders need to have a
The PBoC left its LPR rates unchanged as expected: LPR 1-year 3.45%. LPR 5-year 4.20%. PBoC ECB’s Wunsch (hawk – voter) gave a clear signal that the ECB is going to hold rates steady in the next two months, but warned that an easing in financial conditions due to rate cuts bets could prompt further
© Reuters. The New Zealand dollar (NZD) saw an uptick today, approaching a key resistance level as global markets reacted to a mix of economic signals and political changes. The currency edged closer to the 200-day Simple Moving Average (SMA) benchmark of 0.6100, buoyed by a decline in oil prices and the formation of a
