forex news

GBP/USD Technical Analysis: Cable could end the week where it started

NEWS | 4 minutes ago By Joshua Gibson The Sterling is lifting against the US Dollar, but Greenback bulls remain close at hand, restraining momentum. Brexit concerns are continuing to imprison the GBP, and a resurgence in negative headlines heading into the weekend will see the Sterling soften up again. bears continue to remain in […]

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For the forex option people – heads up for expiries early next week

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 […]

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Investors ditch US-based domestic equity funds for 2nd straight week – Lipper

The US-based domestic equity funds witnessed outflows to the tune of $506 million – its second straight week of outflows – according Lipper data. Meanwhile, US-based corporate-grade funds attracted $1.5 billion for the week and the emerging market equity funds based in the United States witnessed an inflow for the fourth straight week, adding $223 million.

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US: Initial claims was 212,000, a decrease of 2,000 from the previous week

“In the week ending August 11, the advance figure for seasonally adjusted initial claims was 212,000, a decrease of 2,000 from the previous week’s revised level,” the U.S. Department of Labor announced on Thursday. Key takeaways from the official publication The previous week’s level was revised up by 1,000 from 213,000 to 214,000. The 4-week moving […]

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Hong Kong Spends $2.1 Billion This Week to Defend Dollar Peg

© Reuters. Hong Kong Spends $2.1 Billion This Week to Defend Dollar Peg (Bloomberg) — Hong Kong’s currency interventions continued overnight, taking this week’s total to HK$16.8 billion ($2.1 billion). The Hong Kong Monetary Authority bought HK$14.6 billion of local dollars Wednesday, according to the de facto central bank’s page on Bloomberg, after the currency […]

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S&P 500: Long Positions Climb 14% This Week as Price Retreats

Net-Long Positions Reach Highest Level Since August 2nd US 500: Retail trader data shows 34.3% of traders are net-long with the ratio of traders short to long at 1.92 to 1. In fact, traders have remained net-short since May 03 when US 500 traded near 2710.55; price has moved 3.7% higher since then. The percentage […]