Ratings agency S&P Global on Thursday downgraded its outlook of India’s Tata Motors Passenger Vehicles to ‘negative’, citing a “slow recovery” of the automaker’s key Jaguar Land Rover (JLR) unit, which was hit by a cyberattack early last month. The cyber incident at UK-based JLR, the cash cow unit of Tata Motors, led to an…
Wall Street‘s main indexes opened lower on Friday, after Federal Reserve Chair Jerome Powell said there was no need to rush interest-rate cuts, pushing up bond yields and pressuring rate-sensitive equities. The Dow Jones Industrial Average fell 162.9 points, or 0.37%, at the open to 43,587.93. The S&P 500 fell 36.4 points, or 0.61%, at…
Forex Trading Glossary A-B ABC WaveA term used in Elliott Wave that describes a simple correction after a trending move. It is comprised of three-wave (waves A, B and C) forming a corrective or countertrend price movement. Account Balance (Account Information)The section of a trading screen that shows the amount of money in a…