Gold Price Forecast: XAU Grasps for Long-Term Fibonacci Support
Gold prices have been down since August but are not yet out, as Gold price action is clinging to the 38.2 retracement of the 2018-2020 major move.
FX trading: How to optimize currency exchange settlements
The growing global regulatory landscape, continuing fluctuation of global currency values and external market forces are all creating a challenging environment for FX operators in corporate treasuries.
Sterling Outlook: GBP/USD Coil Tightens Post-BoE/Fed– Breakout Levels
Sterling continues to coil within the March range, just below technical resistance- we’re on breakout watch. Here are the levels that matter on the GBP/USD charts.
Indias Kalyan Jewellers IPO Loses Shine, Sees Tepid Demand
BENGALURU Reuters Kalyan Jewellers India Ltds initial public offering was oversubscribed by just 1.28 times on Thursday, a sign of tepid interest among investors unimpressed by the jewellers recent financial results and spooked by a drop in gold demand. The numbers compare unfavourably to other listings this year, including for paint maker Indigo Paints Ltd, […]
Britain to Shake Up How Companies are Run and Audited
Britain proposed weakening the market grip of Big Four auditors on Thursday and making company directors responsible for spotting fraud after the collapses of retailer BHS and builder Carillion. Directors would have to repay bonuses if their company went bust or serious failings came to light, and dividends and bonuses would have to be stopped […]
Euro Zone govt Bond Yields Track U.S. Treasuries Higher
Euro zone government bond yields rose on Thursday, with Germanys 30year yield rising to its highest in more than a year, tracking U.S. Treasuries as markets focused on uncertainty about the outlook for inflation. The Federal Reserve said it expected higher economic growth and inflation in the U.S. this year and repeated its pledge to […]
Silver Technical Analysis – Postured for Another Leg Lower
Silver has run into a couple of points of resistance while upside price action lacks conviction; the metal could be in for another leg lower soon.
BoE to Keep Recovery Hopes in Check Despite Vvaccine Progress
The Bank of England will probably try on Thursday to keep a lid on expectations that Britains economy is heading for a strong, vaccineboosted recovery after suffering its worst crash in three centuries last year. The central bank is not expected to change its huge, crisisfighting stimulus programme at 1200 GMT, after its March policy […]
U.N. Body Raises Global Economic Growth Forecast for 2021
GENEVA Reuters The global economy is set to grow by 4.7 this year thanks to a strongerthanexpected recovery in the United States, a report by the U.N. Conference on Trade and Development UNCTAD said on Thursday, revising up its previous forecast of 4.3. The upwards revision from its previous forecast made last September factors in […]
Tax trades? How much? This idea makes traders flinch
Hong Kong increased its financial transaction tax in February, while jurisdictions in the U.S. and Europe debate a similar move.