Incoming President Donald Trump on Saturday issued a direct threat to impose 100% tariffs on a bloc of nine nations if they attempt to undermine the value of the U.S. dollar. His warning targeted the BRICS alliance member countries—Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran, and the United Arab Emirates. Additionally, Turkey, Azerbaijan, […]
Daily Technical Analysis EUR/USD: EUR/USD Plunges Below 1.0550 Amid Lagarde’s Statement and U.S. PMI Data
EUR/USD is under selling pressure around 1.0530 during early trading hours, driven by a strengthening U.S. dollar. Investors are keenly anticipating European Central Bank (ECB) President Christine Lagarde’s speech and the release of the U.S. ISM Manufacturing Purchasing Managers’ Index (PMI) later on Monday. Eurozone Inflation Data Eurozone inflation, measured by the Harmonized Index of […]
Trading Commodities: The Ultimate Guide to Gold, Oil, and Beyond
If you’re looking to expand into new financial markets, commodities trading might be an option worth exploring. Many traders are drawn to commodities like gold, oil, and natural gas due to their liquidity, volatility, and protection against inflation. Read on to learn what commodities trading is, the types of commodities available, and how to potentially […]
Outlook for the Week of November 25 – 29
Key Points to Watch Out For: RBNZ Readies for Its Third Rate Cut The Reserve Bank of New Zealand (RBNZ) will kick off the year-end monetary policy meetings of major central banks with its decision on Wednesday, November 27. Having shifted policy significantly earlier this year, even before the Federal Reserve began easing, the RBNZ […]
Today’s Stocks to Watch: EchoStar and MicroStrategy
Key Points To Watch Out For: Peabody Energy (BTU): Strategic Acquisition in the Coal Sector Peabody Energy is making headlines after signing an agreement with Anglo American to acquire its remaining steelmaking coal assets. The deal, valued at up to $3.78 billion, bolsters Peabody’s position in the global coal market. This acquisition is a strategic […]
U.S. Stock Markets Rise, Bessent as Treasury Secretary Eases Tensions
U.S. stock index futures rose Monday as Wall Street appeared relieved by President-elect Donald Trump’s big-name appointment of investor Scott Bessent as Treasury secretary. Dow Jones futures were up 290 points, something like 0.7%, S&P 500 futures were up about 30 points, something around 0.5%, and Nasdaq 100 futures gained about 125 points, 0.6%. These […]
Dollar Depreciates on Trump Nominations, Euro Recovers
The U.S. dollar retreated on Monday, giving up some of its recent gains, as the nomination of Donald Trump’s choice for U.S. Treasury Secretary appeared to provide reassurance to the bond market. Meanwhile, the euro recovered from last week’s two-year low. The Dollar Index, which measures the greenback against six other currencies, fell 0.6% to […]
Daily Technical Analysis EUR/USD: EUR/USD Looks for Resistance Around 1.0500 After Bouncing Off Two-Year Lows
The EUR/USD is recovering after hitting a two-year low of 1.0332 on Friday and is currently trading near 1.0480 at the time of writing. This rebound may reflect a correction in the U.S. dollar, despite robust preliminary S&P Global U.S. Purchasing Managers’ Index (PMI) data released in the prior session. Meanwhile, the U.S. Dollar Index […]
Learn to Trade Without Risk: The Power of Paper Trading
Paper trading is a technique that allows you to practice trading without risking real money. Essentially, it involves simulating buying and selling operations in financial markets using real-time market data, but without executing actual transactions. This method enables you to experiment with and test trading strategies and their effectiveness in a risk-free environment. Unlike real […]
Today’s Stocks to Watch: Alphabet, Super Micro, and Walmart
Key Points To Watch Out For: Nvidia (NVDA) Rises Slightly Before Market Open Nvidia shares experienced a modest rise before the market opened. The artificial intelligence chipmaker is generating significant anticipation ahead of its quarterly earnings report, scheduled for release after the close of trading today. Investors are expecting robust growth in both earnings and […]