The price of gold is rising (3d illustration) – Photo: ShutterstockGold prices rose above $1,750/oz again after the publication of November FOMC minutes. EUR/USD 1.04 Price +0.080% 1D Chg, % Trade Now Swap short: Swap long: Long position overnight fee -0.0156% Short position overnight fee 0.0055% Overnight fee time 22:00 (UTC) Spread 0.00006 Trade Now GBP/JPY 167.73 Price -0.440% 1D Chg, % Trade Now Swap short: Swap long: Long position overnight fee 0.0001% Short position overnight fee -0.0003% Overnight fee time 22:00 (UTC) Spread 0.026 Trade Now AUD/USD 0.68 Price +0.190% 1D Chg, % Trade Now Swap short: Swap long: Long position overnight fee -0.0082% Short position overnight fee 0.0013% Overnight fee time 22:00 (UTC) Spread 0.00006 Trade Now USD/JPY 138.33 Price -0.930% 1D Chg, % Trade Now Swap short: Swap long: Long position overnight fee 0.0151% Short position overnight fee -0.0351% Overnight fee time 22:00 (UTC) Spread 0.012 Trade NowThe relative strength index (RSI) recovered from almost oversold levels, while the moving average convergence/divergence (MACD) indicator made a bullish crossover close below the zero line. If this price extension materializes, it will be a crucial development for the gold trend, as it will indicate a break above the 50% Fibonacci retracement level. Any reading below 50 would indicate contracting services activity, which would be favorable for gold and negative for the dollar. This comes after the October number was lower than expected, bringing the inflation rate down from 8.2% to 7.7%.
Here we take a look at how to invest in China stocks. Give CN50 a try Start trading or Try demoHow to invest in China stocks? The traditional instruments are individual stocks that are domiciled in China and exchange-traded funds (ETFs) that track Chinese stocks’ performance. Learning about these variables could help investors in figuring out how to invest in China stocks. If you decide to invest in China stocks, you’d need to conduct your own due diligence, looking at the latest news, technical and fundamental analysis.1 month ago Capital.com
Meta Platforms CEO Mark Zuckerberg, Photo: GettyIt has not been a good week for those California-based tech giants. Meta Platforms (META), (parent company of Facebook) is the latest to announce disappointing results. Give META a try Start trading or Try demoFalling ad revenuesThis week’s numbers represent the latest in a series of difficult earnings reports for Meta through 2022. Meta also invested heavily in its short form video content product Reels, but like Reality Labs has yet to see a return. In February the company lost $230bn in market value - the biggest one-day loss in US history.1 month ago Capital.com
Photo: iQoncept / ShutterstockThe stock of Fortinet (FTNT), the California-headquartered cybersecurity firm, did not fare well since its latest stock split in June 2022. FTNT stock price declined nearly 2% from 23 June, when the stock split was implemented, to 25 October. What was the effect of the June 2022 Fortinet share split on the share price and is there a likelihood of more? From its December 2021 high, the stock is down 27% outperforming its peers.”Could there be another FTNT stock split? The Fortinet stock split was carried out to boost liquidity and make the stock more affordable for retail investors.1 month ago Capital.com
Headline annual inflation dipped to 7.7% in October, down from 8.2% in the previous month and below the 8% expected. The monthly increase in headline inflation was 0.4% instead of the predicted 0.6%, while the monthly increase in core inflation was 0.3% instead of the expected 0.5%. Market pricing of Fed terminal rate in May 2023 falls to 4.88% after the US CPI dataWhat is your sentiment on GBP/USD? The Fed will not be pleased that the inflation rate of shelter has advanced to 0.8% monthly from 0.7%. If bears can break through that barrier, it would mean that they will be in charge of the dollar trend.19 days ago Capital.com
Photo - Getty ImagesAmazon (AMZN) is the latest in the list of big tech companies announcing poor quarterly results this week. Amazon (AMZN) Price ChartThis earnings season has been tough for all big techs such as Apple (AAPL), Facebook (META), Microsoft (MSFT) and Alphabet (GOOG). Give AMZN a try Start trading or Try demoFacebook (META) Price ChartWhat is going on with big tech companies? The past week saw Apple(AAPL), Alphabet (GOOG), Amazon (AMZN), Microsoft (MSFT) and Facebook (META) all reported their earnings, and each of them missed expectations. There was some warning for this disappointment given Microsoft’s (MSFT) own cloud computing division struggled in the third quarter too."1 month ago Capital.com
Chinese farmer standing near Chinese flag; how will the yuan perform as protests build? – Photo: GettyUnprecedented acts of defiance over the Chinese government’s hardline Covid position from protestors has forced down the yuan, taking it as low as CNH 7.25 overnight. The Australian dollar (AUD) has been the hardest hit G10 currency slipping by around 1% against USD. We are recommending a short NZD/USD trade idea to capture the increasing risk of another negative China COVID shock”. AUD/USD 0.67 Price -1.060% 1D Chg, % Trade Now Swap short: Swap long: Long position overnight fee -0.0050% Short position overnight fee 0.0004% Overnight fee time 22:00 (UTC) Spread 0.00006 Trade Now GBP/USD 1.20 Price -0.270% 1D Chg, % Trade Now Swap short: Swap long: Long position overnight fee -0.0037% Short position overnight fee 0.0000% Overnight fee time 22:00 (UTC) Spread 0.00013 Trade Now GBP/JPY 166.99 Price -0.720% 1D Chg, % Trade Now Swap short: Swap long: Long position overnight fee 0.0000% Short position overnight fee -0.0001% Overnight fee time 22:00 (UTC) Spread 0.031 Trade Now EUR/USD 1.04 Price +0.550% 1D Chg, % Trade Now Swap short: Swap long: Long position overnight fee -0.0085% Short position overnight fee 0.0024% Overnight fee time 22:00 (UTC) Spread 0.00006 Trade Now"The two-year [US] yield slipped below 4.42% briefly ahead of the weekend.1 day ago Capital.com