Author: Silas W

By Xie Yu HONG KONG (Reuters) -Lawyers appointed by the liquidators of China Evergrande (HK:) Group are investigating some of the property developer’s service providers including its former auditor PricewaterhouseCoopers, to potentially recoup losses for creditors, three sources said. Evergrande, once China’s largest property developer, was ordered to be liquidated by a Hong Kong court…

Investing.com – The U.S. dollar slipped marginally Friday, while the euro also fell, heading for a sharp weekly loss amid political turmoil in the region.  At 04:20 ET (08:20 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% lower at 105.125. Dollar edges lower Despite these small…

Key events Here is some of what I am expecting today. The Conservatvies are due to hold a press conference this morning with chief secretary to the Treasury Laura Trott giving a response to the Labour manifesto. For Labour, Rachel Reeves and Jonathan Reynolds are at the moment discussing the Labour manifesto with business leaders…

Understanding market volatility is essential for effective trading, and one of the most valuable tools for measuring it is standard deviation. This gauge quantifies the dispersion of asset prices around their mean and provides insights into the variability and potential risk associated with a financial instrument. This article delves into what standard deviation is, its…

JAKARTA (Reuters) -Indonesia’s central bank intervened in the foreign exchange market to defend the rupiah, its governor said on Friday, vowing to use monetary policy to stabilise the currency after it fell to over four-year lows against the dollar. The rupiah skidded 0.9% to 16,415 per dollar in afternoon trade, the lowest level since April…

GBP/USD failed to climb above 1.2860 and trimmed all gains. EUR/GBP is declining and trading below the 0.8410 support level. Important Takeaways for GBP/USD and EUR/GBP Analysis Today · The British Pound is showing bearish signs below 1.2800. · There is a key bearish trend line forming with resistance near 1.2765 on the hourly chart…

Brent Oil Price Analysis Expected ScenarioBrent oil price shows mixed trades since yesterday, and continues to fluctuate around 82.40$, waiting to resume the expected bullish wave on the intraday basis, which targets 83.70$ followed by 84.77$ levels as next main stations, supported by stochastic positivity that appears clearly now.Note…

Events to pay attention to today: 17:00 GMT+3. USD – UoM Consumer Sentiment 20:30 GMT+3. EUR – ECB President Christine Lagarde Speaks EURUSD: The EUR/USD is trading at a flat rate of around 1.0735 on Friday in early Asian trading. The pair’s growth may be limited due to uncertainty related to the European Parliament elections….

Event to pay attention to today: 17:00 GMT+3. USD – UoM Consumer Sentiment GBPUSD: GBP/USD is declining near 1.2760 following three consecutive sessions of gains early in the Asian session on Friday. Later on Friday, the preliminary Michigan consumer sentiment report will be released. The US Federal Reserve signalled it will cut its key interest…

Event to pay attention to today: 17:00 GMT+3. USD – UoM Consumer Sentiment USDJPY: The USDJPY pair is gaining strength around 158.00 during Asian trading on Friday. The pair is rising after the Bank of Japan (BoJ) announced its policy decision. According to reports from the Nikkei, the BoJ is considering reducing its government bond…