Source: International Monetary Fund The International Monetary Fund Governors has allocated a record $650 billion to Special Drawing Rights to boost global economies following Covid-19 devastations. The SDR allocation is expected to address the global need for reserves, increase confidence, and boost resilience and stability across the globe.About $275 billion of the SDR … [Read more...] about IMF Plans to Boost Global Liquidity after Approval of Record $650 Billion SDR
USDJPY Outlook: The Pair Looks Headed for Sideways Trading
Rising Covid-19 cases in Japan may hinder the yen's gains.Speculative trading is likely to set in as the market awaits the next Fed decision.US jobs data is likely to guide traders' decisions on USD. The US dollar continued to show its recent weaknesses against major currencies as it slipped by 0.31% against the Japanese yen to trade at 109.379 at 1410 GMT on Monday. … [Read more...] about USDJPY Outlook: The Pair Looks Headed for Sideways Trading
Entry Points Pro Review
Entry Points Pro is indicator software that was released by Yury Orlov half a year ago. The latest system update was at the beginning of March 2021. The indicator got seven activations. Let’s check its present performance. Entry Points Pro Indicator Review The presentation includes some details explained when the rest were found by us: The indicator is a semi-automatic … [Read more...] about Entry Points Pro Review
US Dollar Index Prediction: Is the DXY a Buy or Sell This Week?
The US dollar index (DXY) was little changed during the Asian session ahead of a relatively busy week for the greenback. The index was trading at $9210 on Monday morning. US jobs data ahead The most significant catalyst for the US dollar index will be the latest American jobs data that will come out on Friday. Before that, America Data Processor (ADP) will publish … [Read more...] about US Dollar Index Prediction: Is the DXY a Buy or Sell This Week?
Workers at the World’s Biggest Copper Mine Reject Offer in Readiness for Strike
Source: WSJ Copper miners at La Escondida, the world’s largest plant in Chile, plan a strike after rejecting a new contract offer from BHP Group Ltd. HG1! is up +0.31%. The union representing the workers at the mine facility say BHP’s offer had no performance-based compensation for keeping it operating during Covid-19.Miners now will need to endure an obligatory … [Read more...] about Workers at the World’s Biggest Copper Mine Reject Offer in Readiness for Strike
