Marketmind: Markets’ moment of truth
A look at the day ahead in markets from Anshuman Daga
Bangladesh seeking $2 Billion from World Bank, ADB – Bloomberg News
Bangladesh is seeking $2 billion from the World Bank and the Asian Development Bank (ADB) amid efforts to bolster its foreign exchange reserves, Bloomberg News reported on Wednesday.
Asian stocks gain as investors weigh risk from Pelosi Taiwan visit
Asia-Pacific bond yields followed U.S. Treasury yields higher on Wednesday and the dollar continued its climb after Federal Reserve officials signalled they are nowhere near done raising interest rates.
Swiss inflation steadies in July, still above SNB target
Swiss consumer price inflation held steady at 3.4% in July, slightly less than economists had expected after inflation touched a 29-year high in June.
Migrants escape from suffocating people-smuggling trailer in Mexico
Mexican authorities rescued nearly 100 migrants who escaped from a stifling trailer being driven by a people smuggler in the coastal state of Veracruz, officials said on Thursday.
Europe and Middle East at the Forefront of Tourism Recovery
The airport and international highway queues and turmoil prove that global tourism is on recovery path.
Russian rouble slides against dollar, euro as tax period ends
The Russian rouble gave up early gains on Thursday to slide lower in volatile trade, pressured by the end of a favourable tax period and by expectations that the government may try to curb the currency’s recent strengthening.
Swiss National Bank reiterates it can act at any time if needed
The Swiss National Bank may take monetary policy measures at any time between its regular meetings if it deems it necessary, the bank said in an interim publication on Thursday, reiterating its standard position.
Bhutan considering steps to avoid fallout of falling forex reserves -minister
Bhutan is considering several steps to contain adverse impacts on the economy following a fall in foreign exchange reserves, its economic affairs minister said on Thursday, after the government warned residents about possible curbs on imports.
Shares rally as markets bet on more gradual rate hikes
Asian stocks took their cue on Friday from a late rally on Wall Street, as markets focused on a possible slowdown in the pace of rate hikes rather than a U.S. recession after data showed its economy shrinking for a second straight quarter.
Some Asia economies may need rapid rate hikes to cool inflation-IMF
Several Asian central banks must raise interest rates rapidly, because inflationary pressures are rising due to a global surge in food and fuel costs caused by the war in Ukraine, said a senior International Monetary Fund (IMF) official.
S.Korea’s new government to streamline public organisations
South Korea’s new government will streamline public organisations, the finance minister said on Friday, citing concerns about efficiency after a rapid expansion in their operations under the previous administration.
How To Avoid Pitfalls for FX Newbies
Before investing/trading, one should understand the fundamentals of the forex market, build a tested and profitability strategy, be familiar with technical and fundamental analysis. Forex trading is a skillset that needs time, patience and dedication to achieve mastery instead of a get rich fast scheme.
Apple Beats Estimates and Delivers Positive Outlook to Support Cryptos
US corporate earnings delivered the crypto market with a boost during the US extended trading hours, with Apple delivering a positive outlook.
FCA Warning: Beware of the Unlicensed ProfitFX Pro
ProfitFX Pro has actually found itself the subject of unlicensed forex brokers alert from the UK authority. Of course, even without the warning the fact that ProfitFX Pro is up to no good is clear as unregulated investment companies have much freedom to steal money from victims with little to no consequences.
Dollar wallows near 6-week low to yen on view Fed to slow hikes
The dollar languished near a six-week low to the yen amid a sharp retreat in Treasury yields after investors interpreted a shrinking U.S. economy as one more reason for the Federal Reserve to ease its foot off the tightening pedal.
Argentina’s Fernandez bets on ‘superministry’ to stop economic bleeding
Argentine President Alberto Fernandez launched his latest effort to tackle an economy in crisis on Thursday, tapping one of the ruling coalition’s most powerful figures to lead a new “superministry” on the same day the central bank hiked interest rates to 60%.
With massive Polish arms deal S.Korea steps closer to Ukraine war
South Korea’s biggest ever arms deal will make it a major supplier of weapons flooding into Europe since the Ukraine war began, with sales to NATO-member Poland involving more than 1,600 tanks and howitzers, and nearly 50 fighter jets.
Basics of Forex Trading – Part 1
Newcomers must learn the unique language and dynamics of the forex market to beat the odds and become successful currency traders.
Tips On How To Trade The Currency Pair EUR/GBP
The foreign exchange (Forex) market is an active one where several currency pairs are traded daily. Notably, one of the most popular currency pairs is EUR/GBP.
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