Month: August 2022

The US stocks opened higher, traded negative, recovered back into positive terrritory and is now back in the red. The declines are led by the Dow 30 with Salesforce, Caterpillar and Chevron moving lower the worst performers Crowdstrike which reported better than expected results after the close last night are nevertheless down -5.26% highlighting the
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
USD/CHF extends its rally to four straight days, refreshed seven-week highs. Solid resistance lies around the confluence of a top-trendline of an ascending channel and a psychological price level of around 0.9800. The USD/CHF advances sharply after hitting a daily low at 0.9726. in the North American session, the USD/CHF is trading at 0.9758 after hitting
France’s energy minister, Agnès Pannier-Runacher, says that Russia is using gas as a weapon of war “as we anticipated” and is further reducing French supplies based on that supposition. But she says that France has been ready and preparing for such a scenario with the country already reducing its exposure to Russian gas imports to
In the opinion of FX Strategists at UOB Group Lee Sue Ann and Quek Ser Leang, GBP/USD still risks a deeper pullback in the short term. Key Quotes 24-hour view: “Our expectations for GBP to ‘trade sideways’ yesterday was incorrect as it plummeted to a low of 1.1622 during NY session. While the rapid drop
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not