Monday, November 30

Day: October 15, 2020

Price Discovery Explained For Beginners
Online Trading, Suggested

Price Discovery Explained For Beginners

What is Price DiscoveryPrice discovery is the process where buyers and sellers determine where a transaction can take place based on supply and demand.This evaluation process uses the economic concept of supply and demand to find a price where a buyer and a seller agree to trade.The supply and demand for an asset are based on several factors including the future abundance of an asset in any specific location. Transaction costs, as well as transportation costs and the storage of an asset, can play a pivotal role in determining the price discovery.The formula to determine price discovery is everchanging and will be different for each asset.Why It’s ImportantDid you ever notice that when a new company stock trades for the first time on an exchange like the NYSE, it can take a whil...
EUR/GBP pares Wednesday’s losses and returns to 0.9070 area
Forex

EUR/GBP pares Wednesday’s losses and returns to 0.9070 area

EUR/GBP bounces back from 0.9015 and returns to 0.9070 area. The pound loses ground as Brexit deal hopes weaken. EUR/GBP might rush towards 0.93 if Brexit talks fail – Rabobank.The euro appreciated about 0.5% against the pound sterling on Thursday, bouncing at 0.9015 lows to pare Wednesday’s losses and return to 0.9070 area.The pound suffers as Brexit hopes weakenThe has given away with the investors reassessing the likelihood of significant achievements in the Brexit talks. The differences in the issues like fisheries and fair competition and dispute resolution are still significant, which suggests that if an agreement is reached, it will be of limited scope.Additionally, the increase of COVID-19 cases in the UK, with 19,000 new infections and 138 deaths reported o...
Mnuchin says he’ll give ground in stimulus talks while Trump says he would raise his offer
Business news

Mnuchin says he’ll give ground in stimulus talks while Trump says he would raise his offer

Treasury Secretary Steven Mnuchin said Thursday that the White House won't let differences over funding targets for Covid-19 testing derail stimulus talks with top Democrats.Later, President Donald Trump said that he would raise his offer for a stimulus package above his current level of $1.8 trillion. House Democrats have passed a $2.2 trillion bill."I would. Absolutely I would. I would say more. I would go higher. Go big or go home, I said it yesterday," the president told Fox Business."Nancy Pelosi doesn't want to give anything. She thinks it helps her with the election," Trump continued. "And I don't think so. I think it hurts her with the election because everyone knows she's holding it up. We're not holding it up. She's holding it up."The president also took a swipe at his ...
The Truth About Day Trading: Is it Worth it?
Strategy, Technical Analysis

The Truth About Day Trading: Is it Worth it?

The world of online day trading attracts thousands of new traders every day.According to some sources, there is an estimated 13.9 million active traders worldwide!That number is expected to continue climbing in the coming years.But, what is day trading, and is it really worth it? How do day traders make money, and what tools do they use?Let’s find out below…What is Day Trading and How Does it Work?Day trading is a short-term trading style that involves opening and closing trades within the same trading day. This means that day traders usually keep their trades open for a few minutes to several hours, or until the closing bell.Day trading attracts many new traders because it provides fast feedback on your trading performance. By the end of each day, day traders know whether th...
Foresight or folly? Data show 70% of exchanges are unmoved by DeFi volume
Crypto News

Foresight or folly? Data show 70% of exchanges are unmoved by DeFi volume

A recent survey by cryptocurrency data aggregator, CryptoCompare, shows that centralized exchange operators do not see the emergence of decentralized trading venues like Uniswap as a threat despite growing volume and activity in the DeFi space.In its September exchange review, CryptoCompare asked 26 of the leading venues in the space how likely it was for DEX liquidity to overtake that of centralized exchanges in a 2-year time span. 70% of those interviewed said that decentralized exchanges will not overtake centralized exchange volume due to their lack of liquidity.Only 7.7% of the representatives found that it was a likely event, while 19.2% remained neutral. As shown below, 34.6% of the participants believe it is unlikely and 38.5% say it is very unlikely.DEX liquidity survey re...
United States EIA Crude Oil Stocks Change came in at -3.818M, below expectations (-2.835M) in October 9
Commodities

United States EIA Crude Oil Stocks Change came in at -3.818M, below expectations (-2.835M) in October 9

Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer.Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if ...
LIC keen to divest its stake in IDBI Bank: Report
Stock News

LIC keen to divest its stake in IDBI Bank: Report

The country’s biggest institutional investor Life Insurance Corporation of India (LIC) is keen to divest its stake in IDBI Bank, ET NOW reported quoting government sources. However, the report added that the sale structuring is yet to be decided. Life Insurance Corporation had a 51 per cent stake in the bank as of September 30, while the government had 47.11 per cent.“LIC has received inter-ministerial feedback on IDBI Bank stake sale. Ministerial panel is yet to decide on the structuring of IDBI Bank stake sale,” the report said.The insurance behemoth will soon seek broad in-principle cabinet nod for the stake sale in IDBI Bank.Earlier in the day, the share price of the lender closed 2.61 per cent down at Rs 33.60. On the other hand, the BSE Sensex slipped 1,066 points, or 2.61 pe...
UK needs to make a Brexit call soon: deal or no-deal?
Commodities

UK needs to make a Brexit call soon: deal or no-deal?

Adds GoldmanLONDON, Oct 15 (Reuters) - Britain cannot tell businesses to prepare at the last minute if talks between London and Brussels fail to agree a Brexit deal so Prime Minister Boris Johnson will need to make a decision sooner rather than later, a junior minister said on Thursday."If we can't get a deal, rightly so, we've got to allow businesses to prepare," junior business minister Nadhim Zahawi told Sky News."I can't go to businesses at the 11th hour on the 31st of December... We have to make a decision much sooner."Goldman Sachs said on Thursday that there could be drama at the EU summit over Brexit but that a thin trade deal was likely to struck by early November."Neither the UK Prime Minister's 15 October deadline nor the European Commission's 31 October deadline con...
Stocks are set to fall for a third day as Dow futures slide nearly 300 points
Business news

Stocks are set to fall for a third day as Dow futures slide nearly 300 points

Futures were lower Thursday, pointing to a third straight day of losses for the U.S. stock market.Dow Jones Industrial Average futures were down 280 points, or 1%. S&P 500 futures lost 1%. Nasdaq 100 futures dropped 1.5% as shares of big technology companies slid.Here's what traders were watching:Investors are waiting for any sign a coronavirus aid deal is still possible. Treasury Secretary Steven Mnuchin said on Wednesday that reaching a coronavirus stimulus deal before the election would be difficult as Democrats and Republicans remain far apart on certain issues. His comments came after House Speaker Nancy Pelosi, D-Calif., said earlier this week that a recently proposed package by the administration "falls significantly short" of what is needed. European governments...
Ebang aims to set up digital financial platform in New Zealand
Crypto News

Ebang aims to set up digital financial platform in New Zealand

Ebang, a major Chinese Bitcoin (BTC) mining equipment supplier, is planning to acquire a financial firm in New Zealand to set up a local digital asset financial service platform.According to an official announcement on Oct. 14, Ebang International Holdings has entered an Expression of Interest tender letter to acquire a 100% share of an unnamed company. The New Zealand-based firm offers wholesale and generic financial brokerage and wealth management services, the announcement notes.Ebang representatives emphasized that the potential deal is subject to the “negotiation of a definitive agreement among the relevant parties,” while the acquisition is not yet finalized. The firm stated:There is no assurance that a definitive agreement will be entered into or that the proposed transactio...