India central bank’s fresh FX curbs trap banks in trades once seen low risk

India central bank’s fresh FX curbs trap banks in trades once seen low risk
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India central bank’s fresh FX curbs trap banks in trades once seen low risk
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By InvestMacro Here are the latest charts and statistics for the Commitment of Traders (COT) reports data published by the Commodities Futures Trading Commission (CFTC). The latest COT data is updated through Tuesday October 15th and shows a quick view of how large traders (for-profit speculators and commercial entities) were positioned in the futures markets….
Here’s the thing about travel: people love to complicate it. Every time I see a vacation packing list online, I find myself shaking my head at the pure nonsense people drag across time zones. Full-size irons, stacks of books, even kitchen appliances—why? If your goal is to enjoy your trip, the last thing you want…
After a brief correction, the US dollar is back on an upward trajectory. The GBP/USD pair has fallen to 1.2600, USD/CAD has bounced from 1.3940 and is heading towards 1.4000, while EUR/USD is approaching 2023 lows. USD/CAD At the start of the trading week, dollar buyers managed to push USD/CAD up to 1.4100. However, the…
The Australian Securities and Investments Commission (ASIC) has reported that Daniel Farook Ali, once a director of DanFX Trade Pty Ltd., has received a prison sentence of seven years and three months. On 3 May 2024, Ali pled guilty to five charges of fraud amounting to $771,303 AUD, after which the Brisbane District Court imposed…
Hello fellow traders, As our members know we have had many profitable trading setups recently. In this technical article, we are going to present another Elliott Wave trading setup we got in American Airlines (AAL) . The stock completed correction precisely at the Equal Legs zone, referred to as the Blue Box Area. In the…
West Texas Intermediate (WTI) edges lower on Thursday, giving back this week’s gains as geopolitical risk premiums fade after US President Donald Trump softened his rhetoric on Iran, easing fears of imminent military action. At the time of writing, WTI trades around $59.26 per barrel, down nearly 1.40% on the day. However, prices are finding…