People exposed to the Forex market are helpless because they can do nothing on the price movement as an individual. So retail traders are struggling with finding a way to minimize the risk exposure.
During the start of this new trading week, both sellers and buyers were anguished by false bullish breakout that made buyers think it could probably be a buy since last two days of trading session of both Monday and Tuesday, market structure was drawing higher highs and lows as price seemed up past the 50 moving average during this trading days and stop hunts incurred by fast paced f.o.m.o sellers.
Market speculators are in a familiar territory as current market structure is lingering at last month trading highs trading area. It is a strong supply zone as we view the last time price action was at that focal block, some good selling rally occurred and sellers may be looking at this as good pivot area for short trade setup ideas being supported by technical confluences.
New Zealands primary inflation gauge has become more sensitive to changes in the cost of home construction and rents after the latest review of items that comprise the consumers price index.
Lockheed Martin Corp., which is helping develop the U.K.‘s first commercial spaceport, is to move its satellite-launch site to a new center in the Shetland Islands, helping to create jobs and boost the country’s economy following Brexit.
U.K. Chancellor of the Exchequer Rishi Sunak will set out a further package of support for businesses affected by the coronavirus pandemic Thursday, according to the Financial Times, seeking to help companies whose revenues have suffered due to government restrictions.
Rising cost of services offered by hair stylists to security guards are a new challenge for Indias monetary policy makers, who stand ready to resume interest-rate cuts as soon as the food-price driven spike in inflation wears off.
More than 34 million U.S. adults live in households that find it very difficult to pay for their usual expenses, according to government data that offer the latest evidence of how low-income and minority Americans are facing intense economic insecurity as the pandemic wears on.
A rebound in both commercial and cargo flights on the U.S. West Coast is a good sign for the global oil market that is still facing the lingering consequences of this years collapse in air travel.
Bolivias official vote count confirms that socialist candidate Luis Arce won the presidency in a first-round landslide.
AutoNation Inc., the largest U.S. car retailer, is warning new-vehicle inventories remain thin as automakers miss resupply deadlines, which may mean fewer choices and higher prices for buyers.
The U.K. and the European Union will resume talks over a post-Brexit trade deal, less than a week after Boris Johnson suspended the discussions, amid growing signs an accord is in sight.
Prices on U.S. commercial real estate deals showed signs of improvement in the third quarter, though the number of transactions tumbled as Covid-19 continued to hammer the economy, according to Real Capital Analytics Inc.
The European Union decided to remove Canada, Tunisia and Georgia from its list of countries whose residents should be allowed to visit the bloc amid the coronavirus pandemic, according to an EU official familiar with the matter.
Inflation in Canada picked up in September, but price pressures remained subdued as the nations economy emerges from the aftermath of the pandemic.
If passenger flight traffic can avoid backsliding as the virus surges, then a winter recession might be avoidable, too.
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As the U.S. presidential election approaches, Democratic candidate Biden has outperformed Trump in approval rating by 17%, indicating Trump appears to be a busted flush. Analyses and speculations about various financial trends after Biden takes office have been raging markets. From my point of view, Biden will raise taxes significantly, which may boost the greenback at the expense of U.S. stocks in the short term. All of that said, however, there are few analyses about the impact of Democrats' return on oil prices.
Agnes Timbre-Saunieres family business near Montauban, in southwestern France, survived two world wars and more than a century of booms and busts, but the unprecedented collapse in global air travel has her worried.
Asian stocks looked poised to track modest gains in the U.S. Wednesday as lawmakers continued to haggle over an aid package to bolster the economic recovery. The dollar weakened.
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