How can strengthening Thai assets affect the Forex market? Asian currencies have experienced an enormous boost, ever since Donald Trump was elected as the newest President of the United States, including the Thai Baht.
Today’s highly volatile financials world makes it seem as though anything could happen this year. The thought of investors flocking to Thai assets isn’t as far-fetched as it may first appear.
One Bank of Thailand governor believes it’s happening, that many foreign
U.S. markets are hovering near their session lows half way through the lunch hour on Wall Street Friday, though losses are quite modest at this point.
The S&P 500 is trading down by 0.23%, with the Dow 0.22% lower and the Nasdaq losing 0.22% as well.
Ten of the eleven S&P sectors are trading in the red currently, with only the oil-sensitive energy sector trading higher. The technology sector continues to flirt with unchanged levels, having
December Comex gold futures retreated some ground just before the cash market opening. Gold could be affected by some negative pressure in case U.S. Treasury yields are further extending the rising path.
In case the market manages to recover and closes higher today, then this will suggest in that gold traders are expecting the December Fed rate hike.
The primary trend is on a decline according to the D1 swing chart. This trend will turn up
Crude oil prices managed to slightly incline during yesterday’s session amid comments about an OPEC output cap seemed to overshadow the high inventory build up, according to the Department of Energy on Wednesday.
Support is close to the 10-day moving average at 44.76. Resistance is at the late September highs at 47.77.
Momentum has gained momentum as the MACD (moving average convergence divergence) index generated a buy signal. This takes place as the spread (the 12-day
Why spell Global Currencies with the letter “z” at the end?
This is a question many people have asked me in the past and wanted to give an update to this answer. Even the alphabet wants to know – “YZ.” The letter “Z” may be the last letter in alphabetical order, but it hasn’t always been last.
It’s the last letter in the alphabet, why not have it as the last letter in the name of
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