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Tag: Markets News

Global Market Sell-off as Investors Worry About Global Growth

On Monday, International Monetary Fund (IMF) released a report that lowered the world GDP forecast for 2018 and 2019. The body said that the economy would grow by 3.7% in 2018 which was lower than the previous 3.9%. The lowering of estimates was attributed to the ongoing trade conflict between the United States and China. […]

Sterling Jumps as Traders Remain Optimistic About Brexit

The GBP/USD pair jumped in the Asian session today as traders gained confidence that the UK would reach a deal with the EU on Brexit. Yesterday, reports emerged that a new deal would be reached as early as on Monday. The UK voted to leave the EU in 2016. Since then, the tough decision has […]

What Next for Bitcoin?

All historical manuscripts show that people have always been involved in commerce. It started with barter trade which involved exchanging one good for another. In many civilizations, gold then became the means of exchange. As the 19th century ended and as globalization started to become common, gold was adopted as the main means of exchange. […]

What to Look Out For in September Non-Farm Payrolls Data

Today, traders will receive the September employment numbers. This will be a closely-watched data especially after the numbers released by the Automatic Data Processing (ADP). The numbers were a surprise to many investors who expected the economy to add 187K jobs in September. Today, the figure of ADP will be confirmed when the Labour department […]

Outlook of Commodities in the Third Quarter

Commodities had a rough third quarter. This was mostly because the third quarter saw the trade escalations rise. The US and China imposed tariffs worth more than $267 billion. It was also a quarter that saw the US president start a spat with the allies like Canada and European Union. All these issues affected the […]

A Guide on How to do Trend Following Well

Trend following is the foundation of trading or investing in the financial market. This is because the goal of any trader is to buy a financial security that is reasonably priced and then riding the upward trend. Similarly, the trader  could sell a security and wait for its price to drop. The trend is a […]

What is Next for Sugar as it Hits Ten-Year Low

Sugar is one of the most important agricultural commodities in the world. While its increased consumption is often not good health-wise, billions of people around the world cannot do without it. Sugar futures are listed in the main exchanges like the Intercontinental Commodities Exchange (ICE) and Chicago Mercantile Exchange (CME). The prices listed by these […]

Three Things To Watch Out in Today’s Fed Decision

At 1800 (GMT), the Fed will release its interest rates decision. The bank is expected to raise interest rates for the third time this year. This will be the eighth interest rates hike since 2015 when the bank started a gradual tightening process. 30 minutes after the rate hike, the Fed chair, Jerome Powell will […]

What to Expect from Palladium As It Hikes 25% Since August

Last year, palladium was the best-performing metal, rising by more than 40%. This year, it lost the momentum and dropped sharply. The decline was mostly because of the ongoing trade war between the United States and China. Since palladium is used in the automotive industry, its price is often seen as an indicator of vehicle […]

Weekend Review: Oil Rises After OPEC Meeting as China Halts Trade Talks

This weekend, China announced that it would halt all trade negotiations with the United States. This happened after the US issued sanctions on China for its purchases of Russian military equipment. This was a blow to free traders who hoped that the two countries would come to a deal. Over the weekend, China summoned its […]