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Forex
Asia FX Hunkers Down Ahead of Fed Meeting, Dollar Slips
Most Asian currencies moved little on Wednesday as caution kicked in ahead of a widely expected interest rate hike by the Federal Reserve, while the dollar fell amid hopes that the central bank will espouse a less hawkish outlook. The Japanese yen bucked the trend, rising 0.7% on expectations that […]
Dollar Climbs Ahead of Busy Week For Central Banks
The dollar advanced on Monday, regaining some ground lost earlier in the month, at the start of a week packed with data releases and central bank rate setting meetings, including by the Bank of England and the Federal Reserve Euro zone flash inflation and GDP numbers and details of the […]
Bitcoin slides below $40,000, ether tumbles
By Administrator_ India Capital Sands Bitcoin‘s volatile week-long slide saw it tumble to below the $40,000 mark on Wednesday as news of further restrictions on cryptocurrency transactions in China added to earlier concerns sparked by Tesla boss Elon Musk’s tweets. Bitcoin, the world’s biggest and best-known cryptocurrency, fell about 9% […]
Dollar Down Over Rising COVID-19 Numbers, Biden Power Transfer Concerns
By Administrator_ India Capital Sands The U.S. Dollar Index Futures that tracks the greenback against a basket of other currencies inched down 0.04% to 92.502 by 10:13 PM ET (2:13 AM GMT). Moderna Inc reported a 94.5% efficacy rate for its candidate mRNA-1273 on Monday on the back of its large, late-stage […]
What is spread & tick (Pips) move and how does it work?
Spread & tick (Pips) is a derivative product, which means you don’t take ownership of the underlying asset but speculate on whichever direction you think its price will move – up or down. If your prediction is correct, you could profit, however if the price moves against you, you would […]