Summary 9/2 – 9/6 – Action Forex

Introduction There’s a vast marketplace of trading strategies available online, often showcasing impressive “backtest” results that suggest these methods will perform just as well in the future as they did in the past. While these strategies may appear attractive and promising, key questions arise: How much trust should we place in these backtested results, and…

Barclays announced Thursday that it has appointed Neel Laungani as Head of Financial Sponsors for Asia Pacific, strengthening its investment banking leadership in the region as it pursues growth under its three-year strategic plan. Based in Hong Kong, Laungani will lead the financial sponsors franchise through transaction origination, execution, and strategic coverage of key clients. …

Silver has outperformed gold year-to-date, driven by increasing demand. The fundamental picture for silver is positive, with demand expected to continue outpacing supply. Short-term volatility is possible due to the US election and Federal Reserve meeting. Technically, silver is at a key support level; a close above 32.60 could signal renewed upward momentum. Most Read:…

USDJPY: The Japanese yen (JPY) attracted buyers for the second consecutive day and strengthened to a new one-week high against its US counterpart during the Asian session on Thursday. Expectations that strong wage growth could boost consumer spending and contribute to higher inflation give the Bank of Japan (BoJ) room to raise interest rates further….