Slippage occurs when a trade order is filled at a price that is different to the requested price. This normally transpires during high periods of volatility as well as periods whereby orders cannot be matched at desired prices.
OPEC’s most prolific oil producer and exporter, Saudi Arabia, has raised the official selling price of its crude oil to new highs for September loadings.
The Bank of England (BoE) announced its monetary policy decision this Thursday and hiked rates for the fifth consecutive time to curb soaring inflation.
On Monday, August 08, spot gold fluctuated upward, approaching the 1790 mark, and finally closed up 0.79% at US$1,788.83 per ounce; spot silver once again stood at the US$20 mark and finally closed up 3.9% at US$20.68 per ounce. In terms of the two oils, WTI crude oil fell first and then rose, recovering all the lost ground in the day, and stood firm at the 90 mark in late trading, and finally closed up 2.46% at US$90.68 per barrel; Brent crude oil closed up 2.26% at US$96.48 per barrel.
The forex market is focused on two key factors right now: inflation and Covid-19. These factors are expected to be under the spotlight heading into 2022, driving central banks’ monetary policy decisions. The Dollar index held steady, hovering near its 106.50 level as investors reassess Fed’s moves going forward.
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
Federal Reserve officials voiced their determination again on Wednesday to rein in high inflation, although one noted a half-percentage-point hike in the U.S. central bank's key interest rate next month might be enough to march on toward that goal.
USD again hit another cycle high, this time a couple of pips higher at 108.58. But the greenback pulled back after the upside surprise in the US CPI, closing at 108.02.
With cryptocurrency prices falling rapidly since late November and bitcoin sliding below $20,000 for the first time in 18 months, the crypto market is undergoing a contraction phase, better known as ‘crypto winter.’ During this time of volatility, where everyone remains clueless and chaos takes over the market, a bold player will always find an opportunity even in an uncertain market, and that is what crypto trading is all about.
Newbies often judge themselves incorrectly and rush into live forex trading with real money at the very start. However, trading Forex can be a lot of work all at once since it undergoes various changes and advancements, time and again. Opening a demo account can be your best bet for learning the ropes as you begin. Upon mastering the basics and honing your skills, you can dive into live trading more confidently for your pot of gold.
Dare is something to be afraid of by traders. It is because traders don't know how to deal with it. However, some traders get their satisfaction if they conquer it.
Consolidation for the week ahead: US inflation report to cast light on the Fed’s trajectory
FVP Trade has received a securities fraud warning from Quebec, Canada.
On Monday, August 8, spot gold traded below the pivot point at 1776.69 in the Asian session. If it can break through and stand above this level, it may further open up the upside. Spot silver has turned bullish and is currently testing the first resistance at 19.95. WTI crude oil rose slightly, and watch the resistance at 90.26 near the current price. The dollar index failed to test the first resistance at 106.82, and then fell back.
The Isle of Man Financial Services Authority says Standard Bank Isle of Man acted in breach of an order issued by the Island's courts.
South Africa’s biggest bank by total assets, Standard Bank is warning customers of a new tax-related scam doing the rounds as tax season gets into full swing.
Africa’s biggest bank by assets, Standard Bank Group, has retained its seat at the top of the banking pack in Africa.
Standard Bank has launched Africa Trade Barometer, which is expected to become Africa’s leading trade index.
The Bank of Mozambique announced today that Standard Bank will continue, for another 12 months, barred from participating in the interbank foreign exchange market, one year after the regulator suspended the institution in this type of operations for “serious violations”.
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