WIKIFX REPORT: UK's Truss and Kwarteng forced into humiliating tax U-turn
British Prime Minister Liz Truss was forced on Monday into a humiliating U-turn after less than a month in power, reversing a cut to the highest rate of income tax that helped spark turmoil in financial markets and a rebellion in her party.
Two reasons to hold dollar longs and retain bearish view on stocks
A bear market is when investment prices drop 20% from their most recent high. Volatility across asset classes is hitting new highs this year, credit spreads are rising, and the market is trying to calm down after the threat of a financial crisis that has been brewing in the UK pension fund industry has tipped.
TopFX Attends Wiki Finance Expo in Dubai and Looks Forward to The Forex Expo
TopFX is a Prime Broker, which has been providing liquidity solutions since 2010. TopFx offers a decent variety of instruments, with 548 symbols and 45 forex pairs. However, TopFX doesn't offer MT5 or the larger range of markets typically offered by the leading brokers.
WIKIFX REPORT: Tesla's shares extend downward move
Tesla Inc. (TSLA), the world's largest automaker by market value, designs, builds, and markets fully electric vehicles (EV) and energy generation and storage systems. The company also provides services through vehicle service centers, body shops, and charging stations. Tesla makes and sells mid-size sedans, full-size sedans, and compact and mid-size sports utility vehicles.
WIKIFX REPORT: Market Spotlight: EZ CPI Hits Fresh Record Highs
Eurozone inflation touched a fresh record high in September, fuelled in particular by soaring costs for energy, according to Eurostat data. Headline CPI was seen breaking out to further record highs at 10% on the month. This marks a further stark increase from the prior month’s 9.1% reading and come sin above estimates for a 9.7% result. Similarly, core CPI was seen rising to 4.8% from the prior month’s 4.3% and above expectations for a 4.7% result.
WIKIFX REPORT: Market Spotlight: EURJPY Longs Triggered
The latest EURJPY lengthy concept has triggered on a break of the 140.82 degree, following the reversal off the 137.74 degree and bullish development line. Price is fast approaching initial target at 143.80 where traders should monitor price action given the resistance we’ve seen here previously. Look to stay along above 140.82 targeting 149.83 in the longer-term. MACD is close to switching positive here, suggesting further bullishness to come.
WIKIFX REPORT: Daily summary: Dollar regains upper hand
Gold fell more than 1% on Wednesday as the dollar regained traction and made bullion less appealing for other currency holders, while markets looked ahead to U.S. jobs numbers for clarity on the Federal Reserve’s rate hike path.
Could silver stay above $20 after breaking the 50-day moving average?
It was On Monday, October 3, silver rose 7.2% to $20.3 per troy ounce, marking its second-best session so far this year and boosted by a recently weakening US dollar (DXY).
WIKIFX REPORT: BREAKING: US crude stocks drop unexpectedly
Oil prices rose on Wednesday following unexpected drawdowns in U.S. crude and fuel stocks, outweighing downward pressure from the continued strength in the U.S. dollar. This was as result of Publication of report from the US Department of Energy to caused some moves on the oil market. Crude inventories fell unexpectedly, while gasoline stockpiles dropped more than expected.
WIKIFX REPORT: A Turning Point for Policy
A turning point is a time at which an important change takes place which affects the future of a person or thing. With that, The RBA surprised markets this week by slowing the pace of rates increase, opting for a 25bp move against expectations of a 50bp increase. Meanwhile, the RBNZ continued to show a heavy hand against domestic inflation pressures, having delivered a fifth consecutive 50bp rate hike.
How to Read Forex Charts Easily? Follow These Tips
Make sure you understand and understand before making a transaction.
Are the Markets Pricing in Max-Hawkishness? Author – Connor Woods, Senior Market Analyst Date: October 6th
The start of Q4 has proven fruitful for the traders who believe max-hawkishness is here. Indices like the S&P500, NASDAQ100, and Dow Jones are all up this week and performing extremely well. Furthermore, the dollar is down. Is this the start of a U-turn in the markets?
Trader's Mistake Choosing Broker that You Should Carefully
Some reasons make traders choose a broker without consideration on every side.
10/06 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
Forex Trading Is Not a Gambling, this Is the Reason Why
Forex trading is not a gambling, it is one of the most popular instrument activity that makes many profits for its trader or investor.
Gold Price Forex Today is Influenced by This Factor
For A long time, many people just knew about foreign currency in forex trading. However, there is gold that can be chosen in forex trading.
About Long Term Trading and How to Arrange this Strategy
People use this long term type because it is safer. Besides that, they don’t need to do too many researches in a day for finding the chance and it is really efficient for saving more time.
GemForex - weekly analysis
The week ahead: The Dollar keeps dictating the markets
Week Ahead – New Quarter, Same Volatility? Author – Connor Woods, Senior Market Analyst Date: October 2nd – October 7th
Today marks the beginning of Q4, after what has been a rough year so far. Could it be about to get worse for the global economy, or can the situation stabilise? Make sure you are reading our week ahead article each week to find out all the main talking points.
The Secret of Being Rich in Short Amount Oo Time
There are two types of investment, namely short-term investment and long-term investment. Both have their own advantages and disadvantages. However, to be able to get the maximum profit, more people choose long-term investments than short-term investments.