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German/ Eurozone flash PMIs OverviewThe preliminary German and Eurozone flash HCOB Purchasing Managers’ Index (PMI) data for October is due for release today at 07:30 and 08:00 GMT, respectively.Amongst the Euro area economies, the German and the composite Eurozone PMI reports hold more relevance, in terms of their impact on the European currency and the related markets as well.The flash Composite PMI for Germany is expected to have dropped to 51.6 from 52.0 in September. Moderate growth in the service sector activity and the continued contraction in the manufacturing sector are expected to have weighed on the overall business growth.…
As Target prepares for a new era with Michael Fiddelke at the helm, the retailer is reportedly cutting jobs in an effort to reduce the “complexity” that its new CEO says slowed down the company.
Have you ever wondered how the price of gold or silver is determined? It doesn’t just appear on a screen out of thin air—it’s the result of a process overseen by one of the most influential organizations in the world of precious metals: the London Bullion Market Association (LBMA). If you’re buying, selling, or recycling gold and silver, understanding the LBMA and the London Fixing can help you make smarter, more profitable decisions. What is the LBMA? The London Bullion Market Association, or LBMA, was officially established in 1987 at the request of the Bank of England to bring oversight…
Turn your forgotten gold jewellery pieces into real cash with our 101 guide to Brisbane Gold Exchange. Read on. If you’ve ever pulled open your drawer and seen old jewellery you no longer wear, or a few coins received from relatives, you must have wondered what to do with them. In Brisbane, one of the most popular practices is to exchange forgotten gold with gold buyers in the city. But if you’ve never sold gold and are looking for the best means to get maximum return on your treasure, here’s our all-inclusive guide to the process of gold exchange in…
The Pound Sterling (GBP) drops slightly to near 1.3340 against the US Dollar (USD) during the European trading session on Thursday. The GBP/USD pair edges down after comments from Bank of England (BoE) Monetary Policy Committee (MPC) member Swati Dhingra signaling that United States (US) tariffs could put downward pressure on prices in the United Kingdom (UK) economy.”Tariffs mean lower overall growth and some downward pressure on prices in the medium term,” Dhingra said in her prepared remarks at Ireland’s central bank on Thursday.The outlook for the British currency has become uncertain as traders have raised bets supporting more interest…
Cfoto | Future Publishing | Getty ImagesBeyond Meat shares closed lower Wednesday, erasing a triple-digit gain, as the meme stock rally faltered.The food company known for its plant-based burgers and sausages fell 1.1% on Wednesday, after surging 112% at one point in the session. The stock reached a high of $7.69 during the session, after closing Tuesday at $3.62. It ended Wednesday’s session at $3.58.It’s the latest in a volatile week for the company. On Monday, the stock rallied more than 127% after Roundhill Investments, which develops thematic ETFs, added the name to its Roundhill Meme Stock ETF (MEME).That decision…
Read on to discover how the purity of your gold decides how much cash lands in your pocket. When you sell gold, purity and hallmarking are not mere technicalities, but the basis of equitable value. In Brisbane (and Australia as a whole), knowing how pure your gold is can make all the difference in what you receive. What Is Purity? Gold’s a soft metal, so on its own, it bends and scratches pretty easily. That’s why jewellers usually mix it with other metals like silver or copper to make it tougher. This mix is what we call an alloy. Purity’s…
Mastering Forex Trading Psychology Trading Psychology One question all traders should be asking: what separates successful traders from those who struggle? Success in forex and other global trading is not just about making money. It’s about doing so consistently while avoiding major drawdowns. Yet, if you listen to the media or browse through online trading ads, you might think it’s an easy path to daily riches. As most traders quickly learn, that couldn’t be further from the truth. The reality is sobering. The majority of retail forex traders lose money, often blowing up their accounts within a few…
The longer the U.S. government shutdown, the trickier it will get for the Labor Department to publish key reports, even were it to get White House approval to do so.
The USD/JPY pair attracts some buyers to six-day peaks near 151.90 during the early Asian session on Wednesday. The Japanese Yen (JPY) weakens against the US Dollar (USD) after dovish Sanae Takaichi was elected as Japan’s Prime Minister. Traders will take more cues from the speeches of Federal Reserve (Fed) officials later on Wednesday, including Alberto Musalem and Michael Barr.Japan’s parliament on Tuesday elected ultraconservative Sanae Takaichi as the country’s first female prime minister. Takaichi vowed to strengthen the nation’s economy and defense capabilities and enhance relations with the US. Her victory came after the ruling Liberal Democratic Party (LDP) allied with the Japan Innovation Party and…