The International Monetary Fund (IMF) on Tuesday forecast India’s gross domestic product (GDP) to contract 10.3% in FY21, in a downward revision of its June forecast of a 4.5% drop, reflecting the worse-than-anticipated contraction in economic activity in the fiscal first quarter due to the nationwide lockdown, as well as the rapidly-spreading pandemic.
In the financial trading market, how should we have the correct understanding and expectations of trading and make the right trading choices?
Recently, the UK and Europe agreed to reach a "miniature" agreement before October 15 on areas of common interest, such as aviation and road transport, which sent an opportunity for GBP/USD to regain the 1.3000 barrier.
Asian stocks were set to rise on Tuesday as a renewed tech rally and fresh optimism that Washington would deliver a coronavirus relief package helped lift global equity markets.
Lately, some users of WikiFX inquired whether Colmex Pro is reliable and how its business condition is.
Although the Fed remained the monetary policy unchanged as expected and reiterated in its post-meeting statement that it would pin the rate for the long term, which seems to be dovish, it takes hawkish actions instead.
Recently, Trump's 1.8 trillion stimulus bill was rejected again, dampening the risk sentiment soaring in the market.
The global economy has achieved only a fragile recovery from the depths of the coronavirus pandemic and many emerging economies are still suffering severe hardship.
Biden maintains a lead in the latest general election polls, with a high-level risk appetite in market, resulting in a weakening US dollar and an increasing gold price.
In the process of dealing with different currencies, it is important to take the correlation among them into account as it is the main driver of global capital flow and constitutes price fluctuations.
Recently, improving risk appetite across financial markets has bolstered both gold and crude oil.
New, eye-popping federal budget figures released Thursday show an enormous 3.1 trillion deficit in the just-completed fiscal year.
The forex market has become the preference for many international investors by its high efficiency and large liquidity.
With less than four weeks to go before the U.S. presidential election, polls show Biden's lead over Trump is expanding; the Nasdaq Composite is testing key technical levels and is on track to challenge all-time highs.
India's largest software exporter Tata Consultancy Services (TCS NSE 3.28 %) on Thursday became the most-valuable information technology (IT) company globally as it surpassed rival Accenture for the first time in terms of market capitalization.
Being aware of illegal brokers by knowing their trends.
USD/CHF suffered a loss recently and may adopt a bearish outlook in the long term amid the languish demand for the U.S. dollar.
We can tell the people trading Forex for a living from regular investors, and call the former professional traders.
Westpac expected recently that NZD/USD will rise to 0.67 within a few months.
When we talk about Forex trading, people always wonder if every lot made means the exact amount of value held in our hand. My answer is absolutely No.
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