Finnace News
Inditex Reports Slowing Sales Growth, Missing Market Expectations
Zara’s parent company continues to underwhelm investors for a second consecutive quarter. Sales Growth Falls Short Spanish fashion giant Inditex, the owner of Zara, reported a continued slowdown in sales growth for the most recent quarter, falling short of market expectations. Revenue rose just 1.5% year-on-year, a figure that disappointed analysts. After adjusting...
Finnace News
US and Switzerland End Deadlock Over Client Investment Data Sharing
New agreement lifts ban on approving Swiss investment advisers operating in the United States. A Breakthrough in Financial Transparency The United States and Switzerland have resolved a years-long impasse concerning the sharing of client investment data — a significant move that allows Washington greater oversight of assets held in the European banking hub....
Finnace News
Gold to Surpass Euro as Global Reserve Asset in 2024, Says ECB
Gold is set to overtake the euro as the world’s second most important reserve asset, following a surge in central bank demand and record-high prices, according to a report by the European Central Bank (ECB) released Wednesday. Gold Now Second Only to the U.S. Dollar ECB data shows that gold accounted for 20%...
Finnace News
U.S. Inflation Rises Less Than Expected to 2.4% in May Amid Trade War Pressures
U.S. inflation rose less than expected in May, offering a brief respite to consumers and policymakers ahead of next week’s Federal Reserve meeting. However, trade tensions continue to pose risks to future price stability. Inflation Slows Despite Trade Pressures According to data released on Wednesday, the U.S. Consumer Price Index (CPI) increased by...
Forex
What is Parabolic sar indicator? How does Parabolic sar indicator work?
Welles Wilder developed the Parabolic SAR indicator in the mid-1970s. This indicator determines when you should close your position, when to open a new position in the opposite direction (SAR stands for Stop and Reverse), and helps identify take-profit levels. The indicator is similar to a moving average, but the difference lies in...
Forex
What is CPI? Meaning and how to calculate CPI
CPI is an index frequently mentioned in financial reports or news about the economic situation. It is an important indicator that attracts the attention of economists in particular and of a nation in general. Through this article, Tradafx will provide you with more information about what the CPI index is. 1. What is...
Forex
What is a stock chart? How to read a stock chart. Latest 2023
In stock investing, to understand market fluctuations—especially the volatility of individual stocks—there are various ways to study a stock’s price history. However, the most common and straightforward method is reading a stock chart. So, what is a stock chart? The article below will help you clearly understand stock charts and the tools that...
Forex
What is OBV indicator? How to use OBV indicator in financial markets.
OBV (On Balance Volume) is a volume indicator that measures the momentum of a trend based on the correlation between price movement and trading volume. Although it is not as popular as other indicators, to succeed in financial trading, you absolutely should not overlook this indicator. So, what exactly is OBV? How do...
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