Dollar gains on safe haven asset demand as Trump hints at Iran war escalation

The Australian Securities and Investments Commission (ASIC) said Wednesday that it has cancelled the Australian financial services (AFS) license of over-the-counter (OTC) derivatives issuer, Prospero Markets Pty Ltd (in liquidation), effective from September 25, 2024. Prospero’s AFS license was suspended in December 2023 after the company failed to submit its 2023 audited financial accounts. Following…

Ministers are expanding youth work-experience and training schemes, after Alan Milburn warned Britain is spending £25 keeping young people on benefits for every £1 spent helping them into work. Pat McFadden, the work and pensions secretary, will announce plans for 300,000 extra work experience placements over the next three years as the government attempts to…

Positive economic reports and talks of interest rate cuts for major central banks helped fuel a risk-friendly environment for a lot of risk assets this week. But the optimism is marred by the possibility of rising and widespread geopolitical conflict in the Middle East. How did your closely watched assets react to…

The DTOSC indicator stands out for its effectiveness in reducing market noise. Applying a double smoothing technique to the traditional Stochastic oscillator filters out false signals that often arise during volatile market conditions. This refinement provides traders with clearer buy and sell signals, helping them make more informed trading decisions. Alongside DTOSC, the Trend Lord…

There’s no sense denying it: the recent sell-off in gold pricing is predominantly technical. Naturally, prices in the markets don’t trend in straight lines: if they did, we’d all have more money than we know what to do with. I mean to say, retracements towards the average are necessary for an uptrend to continue, although…