The services sector continued to expand for the 11th straight month in April albeit on a slower pace than the previous month, the Institute for Supply Management (ISM) reported. The Services PMI was recorded at 62.7% in March, lower than February's all-time high of 63.7%. A reading above 50% indicates expansion while below 50% shows a contraction.Respondents say capacity is … [Read more...] about Services Sector Posts 11th Straight Month Of Growth In April
Private Sector Job Growth Marks Seven-Month High In March
The United States private sector added 742,000 jobs in March to mark the highest growth in the last seven months, the ADP reported. The latest figure marks the fourth consecutive month of job generation, and is the highest since the 821,000 jobs added in August 2020. The service-providing sector drove the growth as it added 636,000 jobs as the economic activity resumed and … [Read more...] about Private Sector Job Growth Marks Seven-Month High In March
What You Need to Become a Position Trader in Forex
The nature of any financial market is that long-term trends usually take several weeks and months to form. For those looking to strictly invest in forex rather than actively speculate, position trading may be a methodology worth considering. It is somewhat better than a traditional investment as the investor has the luxury of profiting from going long and short instead … [Read more...] about What You Need to Become a Position Trader in Forex
Corn Prices Climb 142% To Mark Highest In Eight Years
Prices of corn leaped to $7.56 per bushel as demand for the commodity continued to grow while stocks have fallen to multi-year lows. Data from the United States Department of Agriculture (DA) show that corn stocks in 2020-2021 hit a seven-year low of 1.352 bushels.In Brazil, weather conditions have continued to hurt yields with the total crop estimate lowered by nearly 8% … [Read more...] about Corn Prices Climb 142% To Mark Highest In Eight Years
All About Hedging In Forex
It is every trader’s dream to limit their downside. One of the popular methods they use to achieve this is hedging, a common practice in financial markets of offsetting potential losses by buying and selling uncorrelated products. Interestingly, the concept of hedging dates back several centuries, though its principles remain the same today. This practice is prevalent … [Read more...] about All About Hedging In Forex
