Consumer and producer prices from the UK are due on Tuesday, headlining a light day for the European economic news.
At 2.00 am ET, the Office for National Statistics is set to publish UK consumer and producer prices for August. Inflation is forecast to ease to 0.1 percent from 1 percent in July.
Sterling weakness remains the unified theme in the markets this week. The Pound remain under pressure in Asian session today while recovery attempt was brief and weak. As for the week, Canadian Dollar is currently the second weakest, in tandem with the sharp decline in oil price. Swiss Franc and Yen
Gold is in the middle of a downtrend as far as the RSI is concerned.
XAU/USD has the potential breakout to highs above 2,000.
The world’s precious metal has been trading a lower high and a lower low pattern for the past two days. A descending trendline continues to limit the upside. This week's bar
Revolut, which bills itself as a ‘digital banking alternative’, is launching its app and service in Japan, which marks its first leap into a non-English speaking market. European fintech startup has already completed a successful beta launch where the firm tested the service with 10
AUD - Australian Dollar
The Australian dollar drifted sideways throughout domestic trade on Thursday before bouncing through resistance and testing a break above 0.73 overnight. Direction across currency markets was largely muted in the lead up to Fed Chair Jerome Powell’s speech at the Jackson Hole
Retail sales values in New Zealand plummeted 15 percent on quarter in the second quarter of 2020 during the COVID-19 lockdown, Statistics New Zealand said on Monday - marking the largest drop on record going back 25 years.
Individually, declines in value were led by food and beverage services, down
Global Prime, an Australian-based online trading provider, has revealed exclusively to Finance Magnates that it has partnered with BidFX in order to expand and centralise its interbank funding market.
BidFX is an institutional foreign exchange solutions provider. Under the partnership an
After COVID-19 has held a grip on the world for most of this year, it’s hard not to see everything through the lens of the pandemic: in the industrial, technological, medical, educational and financial worlds–as well as in our personal lives–the pandemic has colored everything.
Photo: Finance Magnates
Plus500 announced this Tuesday that it has appointed David Zruia as its permanent Chief Executive Officer (CEO) after having held the role on an interim basis since the 20th of April this year.
As Finance Magnates reported, Zruia was named as interim CEO after Asaf Elimelec
WTI extends the previous day’s U-turn from $40.59.
Upbeat PMI data, EIA inventory draw fail to underpin the oil prices.
Risk-tone also struggles for a clear direction despite escalate US-China tension and virus woes.
US NFP will decorate the economic calendar, qualitative catalysts to offer addition
Education Post: This is a Price Behaviour Methodology. You have to learn to interprete the waves/swings that price makes at any given time and location on the chart. Attach a true meaning to it and react according to the information you have been presented. As you may be awa
Hi everyone ! Today I would like to share a Trade Idea that I am playing this week, which is most likely to perform well due to a combination of fundamentals and technicals. After the recent reversal taking place with the broad dollar and the sell off in the equity markets
German stocks eked out modest gains on Wednesday as investors awaited the Federal Reserve's latest policy decision later today.
No major changes are expected, but the focus will be on the Fed's economic outlook and chairman Jerome Powell's speech.
Policymakers will publish their first economic proje