Currency Point: It was a few weeks before Christmas and rate rises are here
- Currency Point, Featured Posts, Fundamental Analysis, Recent Posts
- December 12, 2022
As early as the 6th century, gold acted as a universal currency. It had all the crucial characteristics like divisibility, homogeneity, acceptability, and limited supply. However, gold is heavy and it was deemed impractical from a logistical point of view. This led to a series of events that created a formal monetary system for all
READ MOREThe Australian dollar rose slightly as markets wait for manufacturing data from China. The numbers will be released on Thursday and are expected to show that manufacturing PMI remained unchanged at 49.8. The currency also rose after Trump’s optimism on trade which confirmed Phase One of the US-China trade deal is “a little bit ahead
READ MOREWhat is Indices trading all about?
Indices trading is popular among traders, allowing them to make a profit from the price movements of indices. To understand what indices trading is all about, it’s essential to start with answering an all-important question.
The Hollywood celebrities of the trading world. Famous traders have gripped our attention and stolen our focus with their clever techniques, huge wins, and brilliant planning. Movies like Wolf of Wall Street which portray devilishly successful Jordan Belfort have fueled our desire to learn more. So what are the most famous traders and how have they achieved success?
READ MOREOPENING CALL: The Australian share market is expected to open higher. The SPI200 futures contract expected to open up 23 points. British lawmakers blocked Prime Minister Boris Johnson’s plan for an early election, but a national ballot this year remained in the cards as opposition parties sought an alternative route to end the Brexit stalemate.
READ MOREAustralian and Asian stocks rose after a busy weekend for the markets. On Friday, the Department of Defence (DOD) reported that Microsoft had won the $10 billion cloud contract. This was a big news as IT companies like Amazon, IBM, and Oracle continue to seek domination in the industry. A research note by Wedbush on Saturday said that
READ MOREOver the past 4 months, the AUD has consistently been at the bottom end of the G10 currencies. This slide has been driven by the market racing to pricing the next wave in the RBA’s easing cycle. The sell-off has been justified as 3 cuts in 5 months and a spread between the US
READ MOREUS dollar index declined in overnight trading after the Federal Reserve surprised the market by injecting more funds into the overnight lending markets. The bank said that it would increase funds in the so-called repo market. It is an important market because it is where banks borrow cash in exchange for treasuries and other collateral.
READ MOREOPENING CALL: The Australian share market is expected to open up. The SPI200 futures contract expected to open up 33 points. European Council President Donald Tusk is asking EU leaders to give the U.K. until Jan. 31 to ratify the Brexit agreement, with the bloc eager to end the Brexit saga but determined not to
READ MOREOPENING CALL: The Australian share market is expected to open flat. The SPI200 futures contract expected to open down 2 points. Mark Zuckerberg is set to appear before the House Financial Services Committee in a hearing focused on Facebook’s libra cryptocurrency plans. Lawmakers also are expected to ask about potential discrimination in how the company
READ MOREAsian stocks rose in early trading as the market remained upbeat about corporate earnings and hopes of a Brexit deal. This week, the market will receive quarterly results from more than a hundred S&P500 stocks like Boeing, McDonalds, Chipotle, and Microsoft. The results released so far have been promising, especially at a time when the
READ MOREOPENING CALL: The Australian share market is expected to open higher. The SPI200 futures contract expected to open up 20 points. Prime Minister Boris Johnson was set to put his Brexit deal to a vote in Parliament on Tuesday, in the first test of whether he was won over enough lawmakers to his plan to
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