With volume of both buying and selling having declined, this could be the beginning of the accumulation phase of a new uptrend. Confirmation could be sought from studying behaviour around near-term resistances, primarily the 50 and 100 SMAs not far above the current price. Two crucial events this week though will mean that fundamentals are…
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Global Fintech provider Broadridge Financial Solutions, Inc. (NYSE:BR), announced that LTX, its new AI-driven corporate bonds trading platform, has executed its first trades. In the creation of LTX, Broadridge partnered with Jim Toffey, founder of Tradeweb Markets. The platform combines artificial intelligence (AI) with a new digital execution protocol that allows broker-dealers to improve market liquidity,…
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The current situation of elevated volatility is reflected very prominently on the chart here. Buying volume increased sharply in the second half of last week and price has now moved into overbought based on both the slow stochastic and Bollinger Bands. There are likely to be short-term opportunities in both directions this week, but buyers…
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Looking back at the most intriguing and popular Forex industry news from the past week at LeapRate. Jan Kotowski, X Open Hub’s International Business Developer and a financial market enthusiast and individual trader with over 11 years of experience joined LeapRate to discuss the year ahead for X Open Hub, key traders’ demands in 2019…
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Australia’s central bank has announced today that it has cut its benchmark interest rate by a quarter of a percentage point to a record low of 0.5%. Nonetheless, the new coronavirus continues to drive markets, with Asian stocks in retreat overnight. Ahead of an expected move by the Fed, the RBA has acted to shore…
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The following article was submitted by Michael Stark, market analyst at Exness. Some of the most important events in markets this week are the meetings of the Reserve Bank of Australia and the Bank of Canada. A number of countries around the world will also release annual and quarterly data on GDP growth. Finally there’s…
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The following article was submitted by Michael Stark, market analyst at Exness. Asian markets started the week on a fairly positive note as Chinese factories posted three-year record growth in November. Caixin manufacturing PMI came in at 51.8 in the early morning today, beating both the previous release and the consensus. Meanwhile data from Turkey was also…
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ASIC and the Reserve Bank of Australia (RBA) announced that today welcome the publication of the ASX BBSW Trade and Trade Reporting Guidelines (ASX BBSW Guidelines). The bank bill swap rate (BBSW) is the major interest rate benchmark for the Australian dollar and is widely referenced in financial contracts. A major concern over recent years…
Read moreWill the Reserve Bank of Australia (RBA) cut interest rates to a fresh record low of just 1.50%? At the central bank's monetary policy decision tomorrow for August, the odds are in favor 2/3 for the central bank to do just that. In an era of low interest rates, this is still one of the highest…
Read moreSterling sinks to new depths on Brexit anxiety, dropping to new 31 year lows around the 1.2800 level against the US dollar and even lower against the yen and the euro. The combination of some Brexit effects already starting to become definite and this week’s slowdown in recent economic data may seem a bit like…
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