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China’s Commerce Ministry announced on Friday, it will impose temporary anti-dumping measures on some rubber imports from the US, South Korea, and the European Union (EU), effective from October 28. “We will impose anti-dumping deposits on ethylene propylene diene monomer rubber imports from the countries and region,” the Ministry added. This comes after an investigation
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do
AUD/USD Current Price: 0.7117 The Aussie was unable to take advantage of the greenback, despite Wall Street’s advance. Gold eased amid optimism about a US Trade deal, weighing on the commodity-linked currency. AUD/USD keeps trading above 0.7100 but needs to advance beyond the weekly high. The AUD/USD pair is ending the day as it started
Gold (XAU/USD) and Silver (XAG/USD) Analysis, Prices and Charts Gold is trying to overcome moving average resistance. Silver breaks pennant formation to the upside. Advertisement Gold continues to print fresh short-term higher lows and the precious metal is currently trapped between the supportive 20-day simple moving average (sma) at $1,905/oz. and resistance off the 50-day
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do
The upside momentum in EUR/JPY lost impulse in the 125.00 area. Rumours around further US stimulus hurt the greenback. Markets’ attention stays on the advance of the COVID-19 pandemic. The renewed demand for the safe haven yen forces EUR/JPY to abandon the area of recent peaks in the 125.00 neighbourhood on Wednesday. EUR/JPY meets resistance
Bitcoin is currently trading at $12,020 after breaking the critical psychological level of $12,000 for the first time since September 1. Bulls have been in full control of the daily chart since the initial breakout above $11,000, mostly fueled by the purchases of big amounts of BTC from multi-billionaire companies like Stone Ridge. Zilliqa Price Prediction: ZIL
Silver Outlook: XAG/USD Stalls in Anticipation of Stimulus Outcome CCI Nears Overbought Territory Silver trades above 50 period MA, for now Visit the DailyFX Educational Center to discover why news events are Key to Forex Fundamental Analysis Price Action Stalls as Stimulus Talks Continue Renewed hopes of additional US stimulus combined with economic uncertainty increased
In summary from a research note from UBS. We expect markets to remain more volatile than normal, notably into the US election, but we still think that investors should use this volatility to position for the higher stock prices we expect over the medium term.  Three reasons for investing now: 1. Whatever the outcome of
Philadelphia Federal Reserve Bank President Patrick Harker said on Monday that black and Hispanic workers and others in low-wage jobs were just beginning to see their job situation improve before the pandemic hit, wiping out many of those gains, The Fed’s new framework should help to address shortfalls in employment, helping affected workers find new
Trump versus Biden Policies Overview The November 3 elections are around the corner, and the state of the economy thanks to the coronavirus pandemic is at the top of voters’ minds. While a Trump administration would likely continuation of lower tax rates, a Biden administration might bring about the end to trade wars. The composition