The yellow metal is trading low against the greenback today. The metal witnessed a volatile session on Tuesday that plucked away multi-day peak of the pair towards the heaviest daily loss in a fortnight. Yesterday's volatility could be linked to the Upbeat US retail data, Fedspeak trying to suppress the reflation fears and the start [...]
Pound is trading in the positive node on Tuesday but struggles near 1.3420 level. The pound seem to trade higher against greenback although post-Brexit trade arrangements for Northern Ireland remain a risk which could drag the pound down. Relations between the UK and EU have been tattered due to the British threats to trigger Article [...]
Take Profit: A take-profit order (T/P) is a type of limit order that specifies the exact price at which to close out an open position by booking a profit. If the price of the security does not reach the limit price, the take-profit order does not get filled. Take-profit orders are the most efficient way of executing a [...]
Euro is trading high against greenback and the pair EUR/USD is hovering around 1.1450 level in the early Asian session. On Friday, the major currency pair dropped to a fresh 16-month low 1.1432 before bouncing. The bounce of the Euro can be related to the cautious market mood amid the downbeat Michigan Consumer Sentiment. The [...]
