XP Inc. expects to see the biggest initial public offering for a Brazilian Forex company on Nasdaq. The largest stockbroker in the country looks forward to about $1.5 billion to $2.1 billion raise. With a range of $22 and $25 per share, the broker plans to set its public price at its midpoint. This would …
Largest Brazilian Stockbroker, En Route to Record Breach Read More »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. USDSEK Many traders are selling the pair in recent trading sessions, with price moving lower and toward the 200-day moving average. For this pair, the 50-day and 200-day moving average often act as solid …
Daily Market Charts and Analysis December 03, 2019 Read More »
The world economy is slowing down. However, this is not the only reason to worry about the future of the economy. Another problem is that the global economy depends on debt, which is a serious issue in the long run. A decade of easy money created many problems for the private as well as governmental …
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. USDMXN The pair is trading in the green, gathering upward momentum after breaking above both the 50- and 200-day moving average. The pair has experienced a downtrend after its late-August highs, using both the …
Daily Market Charts and Analysis December 02, 2019 Read More »
The violence and protest across Latin American countries are tipping the balance in the region’s forex markets. As the unrest continues, traders remain unsettled about the continent’s economic outlook. Rallies and movements caused havoc in Chile, Argentina, Brazil, and other Latin American countries. When pinned against the greenback, the region also has the worst foreign …
Unrest in Latin American Countries Tips FX Market Read More »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. EURPLN The pair is going up, as expected from the bullish cypher pattern which reached its completion early in November. The price has now broken above both the 50-day and 200-day moving average and …
Daily Market Charts and Analysis November 29, 2019 Read More »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. USDDKK The pair recently reached two-week highs, coming closer to its October highs. Prices have been pursuing an uptrend, following the trajectory of the 50-day and 200-day average. Traders can time this trend to …
Daily Market Charts and Analysis November 28, 2019 Read More »
Fortunately for the Brazilian real, the Central Bank of Brazil stepped in and prevented it from falling again. However, traders are still skeptical about whether the real could stand against the greenback in the coming sessions. This week, the country’s Economy Minister Paulo Guedes gave a controversial and provocative speech at Washington. His remarks addressed …
How Low Can the Brazilian Real Go? | Wibest Broker Read More »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. USDRON The pair is trading in the green, with prices trading above the 50-day moving average, indicating bullish sentiment among traders. Over in Romania, banks’ outstanding loans to the non-government sector grew 7.5% year-over-year …
Daily Market Charts and Analysis November 27, 2019 Read More »
As the Brazilian real slips into all-time lows against the greenback, the Central Bank of Brazil scrambles to recover it. The real’s fall forced the central bank to intervene twice to ease the pressure off it. This comes after the recent confident remark of the Brazilian economy minister. Economy Minister Paulo Guedes said that he …
Brazilian Central Bank Scrambles to Prop the Real | Wibest Read More »
Yesterday, both major currencies of North America struggled to find direction in sessions. The greenback remained stagnant after US Fed Chair Jerome Powell’s signal, while the Canadian loonie saw mixed sentiments. First, the United States Federal Reserve Chair hinted yesterday that interest rates will unlikely to rise soon. This comes two weeks ahead of the …
The Greenback Steadies, Canadian Loonie Confused Read More »
Again, the mixed sentiment around the economic activities in the eurozone is capping the single currency’s run. Last week, the euro steadied against the dollar after the reports from the bloc’s economic performance were released. The rebound in the Eurozone’s biggest economic asset’s economy, Germany, wasn’t enough to push the euro upward. Germany’s gross domestic …
The EUR/USD trading pair is flat in today’s trading after seeing mixed results from various economic reports in the Eurozone. The positive German and French manufacturing PMI are still overshadowed by more negative results from the bloc. Aside from that, the recent speech of the European Central Bank President Christine Lagarde failed to buoy hopes. …
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. NZDCAD The pair is perking up on the daily charts, recovering from the recent slump and breaking above its tight ranges recorded in October. For fundamentals, the Organization for Economic Cooperation and Development (OECD) …
Daily Market Charts and Analysis November 22, 2019 Read More »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. GBPCHF The pair is still trading sideways as traders await clearer directional drivers for both currencies. Moving averages, both long- and short-term, are heading up, with the 50-day moving average gearing to cross above …
Daily Market Charts and Analysis November 21, 2019 Read More »
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