When it comes to the global foreign exchange market, buyers and sellers of currencies determine the rates of one foreign exchange instrument versus others on a real-time basis.
Charts are useful tools for investors and traders as they offer insight into herd behavior. In a book written in 2004, author James Surowiecki explained how crowds make better decisions than individuals. Markets are embodiments of Surowiecki’s thesis as the current price of an asset is the level where...
SoftBank Reconsidering New Trading Strategy Which Hurt Shares
SoftBank Group Corp. is considering revamping a controversial strategy of using derivatives to invest in tech companies, and its executives have met with investors in recent days to assure them that the bets are relatively conservative, according to people familiar with the matter. The Japanese conglomerate has stressed to investors...
US$ Declines While Euro takes a Leap
In an early hours of European trade today i.e. Thursday, the USD slipped while the Euro gained ahead of the greenback. The dollar index which was otherwise tracking the greenback against six different currencies was recorded as low as 0.2% at 93.090 however the currency pair of EUR/US$ successfully managed...
Oil Fears Low Trade When OPEC Reduces Its Oil Demand
According to its Monthly Oil Report, the Organization of the Petroleum Exporting Countries (OPEC) fears that there will be a considerable downfall within the demand and supply of oil in the global market. The report said that OPEC is likely to cut down the oil demand by 0.4 barrel...
UK Enters into a Trade Deal with Japan after Unfruitful Talks with EU
After the post-Brexit, UK was able to enter into the first major trade deal with its World War 2 rival, Japan, this Friday soon after the negotiations with EU turned out to be unfruitful. The agreement was arrived at between the two countries as an alternative to the...
Ethereum Rallies 10%, The Bulls Still Need to Handle the Hurdle
Ethereum started a strong recovery wave above the $350 resistance against the US Dollar. ETH price is up over 10%, but it must still break the $370 resistance for upside continuation. Ethereum gaining traction above the $340 and $350 resistance levels. The price is now well above the 100 hourly simple...
Traders Predict The Prices of Oil to Hit $5000 And Oil to Hit $65 in the Two Years’ Time
The year 2020 has been very gloomy over the world’s economy due to the ongoing COVID-19 situation that wrapped itself around the globe and has resulted in mass unemployment and bankruptcies filed by several world-renowned companies. Although the entire world’s economy and the trading world has been affected by...
Yuan Set for Biggest Fall since March and Dollar Index Rises
On Monday, China’s yuan fell after a change in the reserve requirement policy of the People’s Bank of China, a move seen as a way to control the appreciation of the yuan. In contrast, the dollar index saw an increase in hopes of additional fiscal stimulus, after staying at...
India Acclaims Pakistan’s Papers for the New Regulations for Digital Assets
A positions paper published by the Securities and Exchange Commission of Pakistan (SECP) highlighting necessary measures for a seamless digital trading experience impressed India’s Crypto Players. The SECP released a paper that asked for improvements in the current regulations for the cryptocurrency trading platforms. The current regulations were regarded as...
US FTC Files Antitrust Case against Facebook
For a long time, big tech companies have been the target of lawmakers and regulators on Capitol Hill due to a possible antitrust rhetoric. This week, the first step was taken by the Federal Trade Commission (FTC) in what could turn out to be a possible dismantling of a...

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