Source: Reuters Treasury Secretary Janet Yellen reiterated her call for American lawmakers to increase the $28.5-trillion debt limit, warning of economic harm if left unchanged. Yellen said Congress should act urgently as it has in the past, as this could cause another shutdown of the federal government or a debt default.The Secretary called it a “shared responsibility,” … [Read more...] about Yellen Reiterates Call for Congress to Hike Debt Limit
China’s Factory Inflation Surges to 9% in July
Source: National Bureau of Statistics China’s factory inflation accelerated faster than expected in July, with firms already fighting to keep up with increasing raw material prices. Factory inflation surged 9.0% year-on-year, higher than the market consensus of 8.8%.The acceleration was driven by higher prices of oil and coal. The People’s Bank of China downplayed … [Read more...] about China’s Factory Inflation Surges to 9% in July
Gold Strained by Concerns of Scaled-Down Monetary Stimulus
Source: Bloomberg Gold prices fell on early Monday trading, as investors considered the possible tapering down of monetary stimulus by the US Federal Reserve. Spot bullion fell over 4% or $60 in a matter of minutes before paring down losses.The initial drop tapered down, with the bullion down 1% to $1,745.31 an ounce by 12:20 p.m.Prices are still hovering among four-month … [Read more...] about Gold Strained by Concerns of Scaled-Down Monetary Stimulus
DynaScalp Review
DynaScalp is a trading solution that belongs to the LeapFX brand. The presentation includes various claims about how good the robot is and that we can easily make up to 500% gains on our account, etc. We have decided to check how well the system generates profits. Detailed DynaScalp robot review The presentation includes plenty of useful information about the system … [Read more...] about DynaScalp Review
Traditional vs. Guaranteed Stop Losses in Forex: The Differences
In the words of the legendary Bruce Kovner, "Whenever I enter into a position, I have a predetermined stop. That is the only way I can sleep…." The practice of using stop losses is one drummed into the minds of every trader entering the business of trading, and for a good reason. As part of risk management, a stop loss is one of the main tools limiting one's downside to … [Read more...] about Traditional vs. Guaranteed Stop Losses in Forex: The Differences
