Source: Bloomberg Oil prices for future deliveries climbed as the market took into consideration the impact of Hurricane Ida, which continues to hit American production. WTI is up 1.81%, while Brent is up 1.55% Futures breached $69 a barrel, as nearly 80% of the US Gulf of Mexico output remained shut a week after Hurricane Ida hit.Regional grades such as the Mars Blend … [Read more...] about Oil Futures Climb Over $69 as Production Continues to Reel from Hurricane Ida
Chinese Yuan Gains as Central Bank Cools Markets Over Policy Easing
Source: Reuters The Chinese yuan strengthened against the dollar on Wednesday after the central bank said it would not go for flood-like stimulus. The country’s blue-chip shares plunged. USDCNY is down -0.15%, CSI 300 is down -0.41%. The People’s Bank of China said it will maintain a prudent monetary policy and sees no shortage of base money.Following the central bank’s … [Read more...] about Chinese Yuan Gains as Central Bank Cools Markets Over Policy Easing
Japan’s Second-Quarter Economic Growth Adjusted to 1.9%
Source: Cabinet Office Japan’s economic growth in the second quarter was revised upward to 1.9% from the earlier announced 1.3%, cementing the country’s rebound from the COVID-19 pandemic. EWJ is up 0.15% premarket. Quarter-on-quarter growth was also revised higher to 0.5% from 0.3%.Domestic demand was adjusted higher to 0.8% from 0.6%, reflecting the higher public demand … [Read more...] about Japan’s Second-Quarter Economic Growth Adjusted to 1.9%
News Scope EA Review
News Scope EA is designed to trade on the high-impact move. The robot capitalizes on the spikes generated when any volatile economic event occurs. The expert advisor can work on semi and fully automated modes. Traders have access to multiple functions within the settings, which can be tweaked according to their liking. Let us see if we can profit from the system while trading … [Read more...] about News Scope EA Review
Forward Swap and How to Use It
Before we can define what a forward swap is, it’s important first of all to understand what a swap is in foreign exchange. A foreign currency swap is a mutual accord between two entities concerning the exchange of legal tenders. Swap agreements usually contain a swapping of capital and returns of payments on a loan created in a legal tender for capital and … [Read more...] about Forward Swap and How to Use It
