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Showing posts from July, 2019

Thinking of Trading Forex in the Markets? ...

Where should you start? Just as in other careers out there, you need to commit time and money to have the best understanding of how things operate. It begins from grasping the basics, moving further into learning, and eventually graduating. In the past, traders did not have the opportunity to have formal classes - whether online or in brick and mortar institutions. They just opened accounts, invested their cash, and started making money. They went through losses due to obvious challenges. Only those who were capable of standing again after a fall that are proud tutors and successful traders today. When you  learn Trading Forex with Erica Villalon  you will notice that she has a lot of knowledge about the potential obstacles and prepares you to overcome them. Here strategy is allowing you to view her trading and explain why she is making decisions in the manner she does. As a learner from her own mistakes, she has been able to produce the best independent traders out there. She equip

Wall St. flat as railroads slide after CSX signals trade impact

U.S. stock indexes dipped on Wednesday as weak results from CSX Corp stoked concerns that the protracted trade war between the United States and China could hurt corporate earnings. CSX (O: CSX ) shares tumbled 9.9% and were set for their biggest one-day drop since 2008 after the rail freight company posted lower-than-expected quarterly profit and cut its full-year revenue forecast. Ongoing trade tensions have contributed to a decline in truck and rail freight volumes in the first half of 2019. The losses in CSX shares helped push down the S&P 500 industrials index ( SPLRCI ), whose 1.9% slide was the largest among the S&P's 11 major sectors. The Dow Jones Transportation Average ( DJT ) fell 3.2%.  Daily thoughts @ https://issuu.com/ericavillalonforex/docs/the_impressive_record_of_erica_vill The Federal Reserve's Beige Book, a compendium of anecdotes from U.S. businesses, also pointed to trade-related pressures on transportation and manufacturing companies.

Dollar near Three Week high..

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The dollar edged up on Monday, hovering at a three-week high, as it held on to gains after news of a stronger-than-expected increase in U.S. jobs in June scaled back traders' expectations of a sharp Federal Reserve rate cut at the end of July. Traders await Fed Chairman Jerome Powell's two-day testimony before Congress, which starts on Tuesday for clues about a rate decrease. "Foreign-exchange markets started the week on a quiet note, with currencies trading in tight ranges, as traders shifted their focus from Friday’s strong U.S. payrolls data to testimony from Federal Reserve Chairman Jerome Powell," said Ellis Phifer, senior market strategist at Raymond James. Among emerging market currencies, the Turkish lira fell steeply after President Tayyip Erdogan dismissed the central bank governor, sparking worries about the bank's independence. U.S. non-farm payrolls rebounded in June, rising the most in five months, the Labor Department said on Friday.

Crude falls lower...

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Crude oil prices settled sharply lower on Tuesday, as fears that a weaker global economic backdrop would keep a lid on oil demand offset an agreement by OPEC and its allies to extend their oil-production pact by a further nine months. On the New York Mercantile Exchange  crude futures  fell 4.8% to settle at $56.25 a barrel, while on London's Intercontinental Exchange,  Brent  slumped 4.1% to $62.40 a barrel. OPEC and its allies, including Russia, agreed on Tuesday to extend oil supply cuts until March 2020 in a bid to curb supplies and support oil prices. The extension, however, was widely expected and does little to avert the threat of a supply surplus, with analysts at ING insisting that “the agreement for this extension was the bare minimum and it's not enough. We need a deeper cut in order to lift prices.”   Daily Thoughts @  https://www.quora.com/profile/Erica-Villalon-3