Author name: admin

Today markets were mostly quiet during the European session but in the US session the USD has started slipping lower again, resuming yesterday’s price action, as us bond yields fall lower, with US 10-year bond yields below 4%. EUR/USD has risen to 1.0965 from a low of 1.0930 earlier in the day, as buyers try

The cyber crime wing of the Pune City police launched a probe after a 77-year-old retired manager of a private company was cheated of Rs 42 lakh over a period of a month on the pretext of investment in forex and commodities markets. The man, a resident of Sahakarnagar, who retired from a private technology

A U.S. District Court in Florida has ruled against Avinash Singh and his company, Highrise Advantage, LLC, in a default judgment. The Commodity Futures Trading Commission (CFTC) had brought charges against Singh, Highrise, and others involved in an elaborate foreign currency scheme. Per court papers, Singh and his company engaged in fraudulent activities, soliciting and

The forex markets reign supreme as the most active financial hubs globally, witnessing over $6 trillion in daily trading volume. No other sector rivals the sheer liquidity and potential for profitable investments provided by forex markets. To capitalize on these prospects, a dependable forex trading platform is a must. Yet, navigating the landscape to find

The USD started declining lower when the US session started, but is is finding some bids now, after some strong economic numbers which show that the US economy is holding up well. This improved the sentiment for the USD briefly, with the idea that we might see some strong numbers early next year, postponing the

Core PCE inflation to fall further on Friday 13:30 GMT, no big surprises expected Philly Fed manufacturing index, new home sales also on the agenda Investors see more than three rate cuts in 2024; US dollar could react moderately The transition to monetary easing The transition to monetary easing could be a hot theme in

Contrary to the performance at the beginning of trading this week, the price of the pound sterling against the US dollar GBP/USD has returned to rebound higher. with gains reaching the resistance level of 1.2762, which is stable around it at the time of writing the analysis. In the midst of the rebound, the pound

File. | Photo Credit: Reuters The rupee ended flat at 83.18 (provisional) against the U.S. dollar on December 20 amid massive selling in equity markets as concerns over oil supplies through the Red Sea route dented investor sentiment. Forex traders said though the U.S. dollar index below 102 level provided support, the Indian currency was

CHINA’S FX TRADE SYSTEM SAYS TO LAUNCH INTERBANK FX TRADING IN CURRENCY PAIRS INCLUDING YUAN VERSUS MACANESE PATACA AND US DOLLAR, HONG KONG DOLLAR VERSUS MOP FROM JAN 2 … Source link