Oil prices held steady on Monday, pressured by falling stock indexes, but optimism around U.S. stimulus plans and some supply concerns buoyed futures. Brent crude futures remained unchanged at $55.41 a barrel by 11:21 a.m. EST (1621 GMT). U.S. West Texas Intermediate crude fell 13 cents to $52.14 a barrel. Major U.S. stock indexes fell,
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Christine Lagarde, President of the European Central Bank (ECB), is attending a panel titled “Restoring Economic Growth” at the World Economic Forum. Key takeaways “Recovery somewhat delayed but not derailed.” “Hope is still that 2021 is the year of recovery.” “The euro area growth in Q4 was negative.” “We are expecting the post-pandemic economy to be
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New Delhi: Crude oil prices rose by Rs 13 to Rs 3,848 per barrel on Monday as participants widened their positions on firm spot demand. On the Multi Commodity Exchange, crude oil for February delivery traded higher by Rs 13, or 0.34 per cent, at Rs 3,848 per barrel in 1,876 lots. Analysts said raising
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How To Use Round Numbers In Forex Trading|Round numbers strategy-Scalping Round Numbers Strategies \\\\\\\\\\\\\\\\\ The currency pairs often have a tendency to rebound off significant round numbers. Forex traders aiming to take advantage of the phenomenon have to construct a system based on the order flow connected with these levels. To begin with, it ought
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USD/INR refreshes intraday low after failing to break key upside hurdle. 10-day SMA, two-week-old falling trend line favor sellers. One-month-long resistance line adds to the upside filters. USD/INR drops to 72.94, down 0.07% intraday, amid the initial Indian session on Monday. The Indian rupee pair rose for two consecutive days during Thursday and Friday but
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The World Economic Forum’s upcoming Davos Agenda will feature two separate sessions on cryptocurrency, offering another compelling sign that digital assets have permeated mainstream consciousness.  The sessions, titled Resetting Digital Currencies, will be held on Monday and Thursday. The first session will feature five public speakers, including Bank of England Governor Andrew Bailey and Hikmet
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The FOMC meeting in the coming week will not bring any change in the monetary policy. Economic activities have moderated since the December meeting, while resurgence in the coronavirus cases could hurt economic activities more seriously than previously expected. Yet, roll-out of more fiscal stimulus and positive vaccination progress suggest that policymakers might keep the
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