Online trading platform PU Prime is excited to announce a brand-new logo and an improved site experience. To better appeal to a new generation of customers, the industry-leading brokerage has launched with a fresh look for its logo.
Market movers: The Week Ahead
On August 21, the much-anticipated Forex Alliance Trading Technology Summit was finally held as scheduled in Shenyang. Many trading exhibitors gathered together to discuss the solution of the technical barriers of intelligent trading and help the application of advanced trading technology on the ground.
Forex trading is easy to run but it needs the best place to make trading and build a forex business. So, business people in forex must choose the right place.
The Forex Alliance Trading Technology Summit, an exhibition full of endless inspiration and inspiration, has always been committed to transmitting the essence and charm of trading with a unique perspective and professional analysis.
Last week, the markets were left slightly confused at the mixed messages traders received from the Federal Reserve. They highlighted the importance of fighting rampaging inflation, but at the same time voiced concern over tightening financial conditions ‘too much’. However, is the evidence that another stock market crash is coming becoming clearer?
On Friday August 19, spot gold continued its sharp decline, falling below the $1,750 mark and closing in the negative for the fifth consecutive day. It eventually closed down 0.65% at $1,747.04 per ounce. Spot silver closed down 2.56% at $19.04 per ounce.
Many people are interested because it’s the most liquid in the world. There are a lot of pairs of exchanges in this market.
On Thursday August 19, spot gold moved slightly lower below the pivot point of 1761.44 during the Asian session. It is now running not far from the 1750 handle with primary support at 1748.82. Spot silver is trending similarly with primary support at 18.89.
This week, Target (NYSE:TGT) reported second quarter earnings of $0.39 per share, which is down 89% from last year’s earnings of $3.65 per share. The decrease in earnings is a result of charges related to reducing unwanted inventory. The report was made on its second quarter earnings results before the opening bell on Wall Street on Wednesday.
The USD/JPY pair continues sharply in the North American session, breaking above its 50-day EMA, aiming towards the 136.00 figure, amidst a mixed market mood, with US equities fluctuating between gainers/losers. At the time of writing, the USD/JPY is trading at 135.87, above its opening price.
US got off to a flying start in Tuesdays session after retail giant Walmart (WMT.NYSE) reported much better results and forward guidance than the recently lowered expectations of analysts, sending the stock soaring over 5%, and dragging the whole consumer discretionary sector with it.
The "Aussie" is common forex trader slang for the Australian dollar, the official currency of the commonwealth of Australia. Also abbreviated as AUD/USD for the currency cross of Australia and the United States and it is the fourth most traded currency pair. AUDUSD is falling despite the rate expectations and statistics.
Generally, the global solar panel production has been growing over the last 10 years while the actual amount of silver in each panel is set to increase. A number of major technological changes on the horizon are set to kick industrial silver demand into overdrive. With silver being the single most conductive metal on the planet, solar panels efficiency is improved substantially by using larger amounts of silver.
From the last two weeks ago, CME Group launched its new micro oil options . These weekly and monthly options will give investors from anywhere in the world access to the most liquid crude oil contract in the world. At iBroker you have them available now on all our trading platforms: Web, Mobile Apps, TradingView and Visual Chart for only 2.25 USD per contract
Based on Expert expectations, reports shows that Chinese banks will likely trim their benchmark loan prime rates Monday for the first time in months to help spur borrowing demand and reverse a sharp slump in consumer and business sentiment,” per Bloomberg’s latest survey published on late Thursday.
The Australian dollar/U.S. dollar (AUDUSD) currency pairing is one of the most volatile currency pairs in the financial markets. From a volume-traded perspective, both are classified as major global currencies. This currency pair is ranked as the sixth highest pair for trading in the world, accounting for around 7% of all worldwide currency trades annually.
The Aussie Dollar has seen a drop in its price due to wage and unemployment data released over the past day and a half. The economic data shows that unemployment has fallen to its lowest level in nearly 50 years with the jobless rate at 3.4% compared to analysts expecting the figure to remain at 3.5%. Wages also rose modestly in the last quarter to 2.7%, however this is still a far cry from the 6.1% inflation figure. The AUD’s weakness came on the removal of 40,900 roles from the economy vs the previous month as opposed to expectations of a gain of 25,000. The report indicates that the labour market might just be starting to feel the pinch and that growth is beginning to slow. These figures give the RBA more flexibility in its next cash rate decision with the option for a 25 bps rise instead of 50 bps now being a realistic possibility after 3 consecutive 50 bps raises.
On Thursday August 18, spot gold gave back most of its gains from a high of $1,772.30,falling about $17 at one point and breaking below the $1,760 mark. It finally closed down 0.18% at $1,758.49 per ounce. Spot silver closed down 1.24% at $19.54 per ounce.The U.S. dollar index pulled up sharply in the U.S.session and broke through the 107 mark.
ATFX announced its foray into the LEVANT region through a Jordan partnership with Amman-based brokerage & investment firm ASWAQ Invest (Emerging Markets or EMGCM).