Monday, November 30

Day: October 19, 2020

RBNZ’s Orr: Aware of asset price inflation, operating with medium-term focus
Forex

RBNZ’s Orr: Aware of asset price inflation, operating with medium-term focus

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 i...
Dow closes more than 400 points lower with one day left until Pelosi’s stimulus deadline
Business news

Dow closes more than 400 points lower with one day left until Pelosi’s stimulus deadline

Stocks fell sharply on Monday ahead of a key deadline set by House Speaker Nancy Pelosi to reach a deal on new coronavirus stimulus before the election while Covid-19 cases rise.The Dow Jones Industrial Average closed 410.89 points lower, or 1.4%, at 28,195.42. Earlier in the day, the 30-stock average was up more than 100 points. The S&P 500 dropped 1.6% to close at 3,426.92 and the Nasdaq Composite pulled back 1.7% to 11,478.88.Both the Dow and the S&P 500 had their worst day since Sept. 23. The Nasdaq posted its biggest one-day loss since Oct. 2. It also logged its first five-day losing streak since August 2019.Shares of Big Tech contributed to the decline. Alphabet, Microsoft, Apple and Amazon were all down at least 2%. Facebook dipped 1.7%. Energy and tech were the wors...
Offline vs Online Trading Schools
Strategy, Technical Analysis

Offline vs Online Trading Schools

Choosing the correct trading school is arguably the most important decision you can make in your early trading career. If you don’t get the foundations of trading right, you’ll have a hard time mastering more difficult concepts down the road.However, there’s much more to choosing the right trading school than just the aspect of quality. One of the first questions to ask is whether to enrol in an online school and enjoy all the benefits of online learning, or taking a more traditional approach with an offline school.That’s why I’ve compiled a detailed list of all major pros and cons of both online and offline trading schools.Pros of Online Trading SchoolsOnline trading schools are efficient, comfortable, and come with a relatively low price tag. Here are our main advantages of tak...
Institutional Bitcoin longs at record-high, hedge funds short — CME data
Crypto News

Institutional Bitcoin longs at record-high, hedge funds short — CME data

According to CME, the amount of Bitcoin (BTC) long contracts held by institutions are at an all-time high. Yet, CME’s most recent Commitment of Trader report shows hedge funds are at a record-high for BTC shorts.There seemingly is a major difference in the perception of Bitcoin’s short to medium-term trend between hedge funds and institutions.CME Bitcoin futures net open interest. Source: SkewWhy are hedge funds aggressively shorting Bitcoin but not institutions?Hedge funds typically implement varying strategies to generate returns for investors. Oftentimes, hedge funds will utilize derivatives and employ a more high-risk strategy.In contrast, institutional investors who are allocating a percentage of their portfolio to Bitcoin likely have a long-term strategy. This means they...
EUR/JPY clings to gains above 124.00
Forex

EUR/JPY clings to gains above 124.00

Euro holds onto daily gains versus the US dollar and yen. EUR/JPY makes strong rebound, rises back above the 20-day moving average.The EUR/JPY extended gain during the American session and prince a fresh six-day high at 124.33. It is consolidating gains, having the best performance in almost a month.The rally in EUR/USD and the stabilization of USD/JPY is boosting the EUR/JPY on Monday. Over the last hours, equity prices turned negative, but the cross held onto gains. The fading risk appetite did not help the yen so far. Actually, USD/JPY is rising toward daily highs.The US dollar remains weak across the board, and EUR/USD is trading at fresh daily highs near 1.1800. The pair has risen almost a hundred pips from Asian session lows, supporting gain in EUR/JPY.Brexit head...
Wipro’s share buyback offers an arbitrage opportunity
Stock News

Wipro’s share buyback offers an arbitrage opportunity

MUMBAI: Wipro’s share buyback offers an arbitrage opportunity for small shareholders, according to brokerage ICICI Direct. Analysts expect investors to earn about 5%-14% from this trade depending on the extent of the acceptance in the buyback offer. India’s third largest software exporter Wipro has announced a buyback of 23.8 crore shares from its shareholders on a proportionate basis by way of a tender offer. The buyback price is Rs 400 per share aggregating Rs 9,500 crore which is about 4.4% of its market capitalisation. About 15% or 3.5 crore buyback reserved for retail investors. Wipro shares closed at Rs343.60 on MondayAssuming the closing value of Wipro on the buyback’s record date at Rs 400, a shareholder with up to 500 shares will be considered a small shareholder.“At the curre...
‘Bad math’: Airlines’ COVID safety analysis challenged by expert
Commodities

‘Bad math’: Airlines’ COVID safety analysis challenged by expert

By Laurence FrostPARIS, Oct 19 (Reuters) - A campaign by coronavirus-stricken aviation giants to persuade the world it's safe to fly has been questioned by one of the scientists whose research it draws upon.Dr David Freedman, a U.S. infectious diseases specialist, said he declined to take part in a recent presentation by global airline body IATA with planemakers Airbus AIR.PA, Boeing BA.N and Embraer EMBR3.SA that cited his work.While he welcomed some industry findings as "encouraging", Freedman said a key assertion about the improbability of catching COVID-19 on planes was based on "bad math".Airlines and planemakers are anxious to restart international travel, even as a second wave of infections and restrictions take hold in many countries.The Oct. 8 media presentation listed...
Stocks making the biggest moves in the premarket: Concho Resources, Halliburton, AstraZeneca & more
Business news

Stocks making the biggest moves in the premarket: Concho Resources, Halliburton, AstraZeneca & more

Take a look at some of the biggest movers in the premarket:Concho Resources (CXO) – ConocoPhillips (COP) will buy its rival energy producer in an all-stock transaction valued at $9.7 billion. Concho shareholders will receive 1.46 ConocoPhillips shares for every share they now own. CNBC's David Faber had reported last week that the two sides were in late-stage talks about a possible deal.Halliburton (HAL) – The oilfield services company earned 11 cents per share for its latest quarter, 3 cents a share above estimates. Revenue came in below Wall Street forecasts, however, as lower oil prices impacted demand for the company's services. Halliburton shares fell slightly in premarket trading as of 7:30 a.m. ET.AstraZeneca (AZN) – A mass rollout of the Covid-19 vaccine being developed by ...
Payments-focused cryptocurrency Dash now has a bridge to DeFi
Crypto News

Payments-focused cryptocurrency Dash now has a bridge to DeFi

Dash (DASH) holders will soon be able to access a wide range of decentralized finance, or DeFi, services through a collaboration with StakeHound.According to an announcement on Oct. 19, tokens which are deposited with StakeHound will also earn network rewards through the Dash masternode system.In order to take advantage of the burgeoning DeFi market, Dash holders must send tokens to StakeHound, who will then instantly generate and send back a wrapped ERC-20 representation called stakedDASH.StakedDASH will be tradable and usable in major DeFi platforms such as UniSwap, Aave, Curve and others, using the Ethereum or Radix networks. They will also be able to be converted back into the original Dash tokens at any point.Meanwhile, the DASH tokens held by StakeHound will be held in a Da...
Inovio Pharmaceuticals Inc tumbles again even as broader markets bounce back
Forex

Inovio Pharmaceuticals Inc tumbles again even as broader markets bounce back

NASDAQ:INO sheds a further 2.95% on Friday as the stock continues to sink. Yet no sign that the FDA has loosened its stance on Inovio’s vaccine administrator: Cellectra 2000. Recent reports have indicated that although SARS-CoV-2 may be changing, existing vaccine candidates should still be effective.NASDAQ:INO has continued to trend downwards as the stock dropped another 2.95% to close the week on Friday. From its high point on Tuesday, shares have plunged over 10% to its current price levels of $11.85 as Inovio approaches some of its lowest range of prices over the past six months. Shares have now dropped over 30% during the last month as investors grow weary of the future outlook of Inovio’s stalled COVID-19 vaccine candidate: INO-4800. It is not only INO-4800...