The U.S. dollar stabilized on Wednesday after overnight losses, while sterling was able to advance after inflation in the U.K. returned to the Bank of England’s target number a span of almost three years. The dollar is stable The U.S. currency stabilized on Wednesday after showing weakness last session as retail sales rose slightly in […]
Risk management in trading: 5 useful methods
There is one tool that will help you minimize your losses: trading risk management. It is important to understand that all traders have exposure to risk; there is no way to avoid it completely. However, if you know how to manage it correctly, your trading strategy can be more efficient. Keep in mind that some […]
Inflation impacts retail sales in May: only 0.1% growth
Retail sales indicated a weaker-than-expected performance in May as retailers continue to grapple with persistently high levels of inflation. Sales rose by 0.1% in May, a tenth of a percentage point below the Dow Jones forecast, according to a Commerce Department report Tuesday that is seasonally adjusted but not inflation-adjusted. Nonetheless, the result was barely […]
Tether introduces aUSDT, its new overcollateralized synthetic asset backed by gold
Tether, the stablecoin issuer, introduced a new product that is backed by tokenized gold. In a statement on Monday, the company behind USDT announced the launch of Alloy, its new Ethereum network-based platform that gives users the ability to create tokens backed by XAUT, the stablecoin backed by Tether’s physical gold. “Alloy by Tether is […]
U.S. stocks advance ahead of retail sales release
U.S. stocks were trading slightly higher on Tuesday ahead of the release of key retail sales data, a major driver of the U.S. economy. The major indices closed Monday’s trading day higher, with the Dow Jones Industrial Average up just under 190 points, or 0.5%, the S&P 500 up 0.8% and the Nasdaq Composite rising […]
Dollar rises ahead of retail sales and Fed speeches
The U.S. dollar rose on Tuesday in anticipation of retail sales data along with speeches from the Federal Reserve, as traders look for signals to better gauge both the timing and pace of interest rate cuts. Dollar trades with signs of volatility The greenback has moved with signs of volatility over the past week, weighed […]
The World of Cryptocurrencies: A Complete Guide to Their Functions and Benefits
Digital currencies that utilize blockchain technology are collectively known as cryptocurrencies. This innovation facilitates secure and safe value exchanges. Cryptocurrencies represent a digital form of currency recognized within their respective crypto communities, including networks like Bitcoin and Ethereum. Since the emergence of Bitcoin in 2009, their acceptance in traditional markets for goods and services has […]
Outlook for This Week’s Most Important Economic Events
Key points to watch out for: Reserve Bank of Australia in trouble The Reserve Bank of Australia (RBA) will be in the spotlight on Tuesday, June 18, when it is due to meet to make policy decisions for the month of June. Like its counterparts around the world, the RBA’s monetary policymakers expected their job […]
Understanding Stock Trading: A Comprehensive Guide for Beginners and Refreshers
In this article, we’ll explore the fundamentals of stock trading, delve into the factors that influence stock prices, and offer practical tips for those looking to enter this market. Whether you’re a novice trader seeking to understand the basics or someone looking for a refresher on stock trading principles, this guide aims to provide valuable […]
Markets Closed for Juneteenth Day
Impact on US Stocks, Commodities, and Indices As we observe Juneteenth Day, we want to inform our traders about the adjusted trading hours for this holiday. Juneteenth Day, celebrated on June 19th, commemorates the emancipation of enslaved African Americans in the United States. Please note that during the holiday, US stocks, commodities, and indices markets […]