Wed, April 24, 2024
Wibest – Chinese yuan bill.
Forex

Quick Look: Chinese Yuan is expected to depreciate to 7.35 by Q2

Cryptocurrencies and new opportunities, tokenisation
Cryptocurrencies

Quick Look: BlackRock Tokenization on Hedera: Initiates MMF trading on blockchain, enhancing

Wibest – Chinese yuan bill.
Forex

Quick Look: Chinese Yuan is expected to depreciate to 7.35 by Q2

TODAY'S FEATURED

Covid-19's impact on platinum is less than feared, according to the WPIC
Commodities

Quick Look: Platinum (PL) prices fluctuate, closing at $926.20 with a 6.23%

Oil Jumps as Ukraine Conflict Offsets Iran Supply Hopes
Commodities

The Covid-19 pandemic had a tremendous impact on the oil industry. At

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FOREX NEWS

FOREX NEWS

BROKER NEWS

Wibest – CHF Franc: New Swiss franc notes.

USD/CHF Targets 0.9173 Amid Rising Channel

Quick Look: USD to CHF consolidating near 0.9105 with a neutral bias; key resistance at 0.9152. The first potential target is 0.9173; further rise may test 0.9240. Impact of Fed’s monetary policy and Middle East tensions on currency values.

Wibest – Australian Dollar: The AUD/USD sign on a trading trading chart with a green arrow pointing upward.

Australian Dollar Rises 0.37% Despite Recent 2.2% Drop

Quick Look: The Australian dollar rose 0.37% to 0.62254 after a recent 2.2% drop. Employment slowdowns, as only 7,200 jobs appeared in March, cooling labour market signals. RBA rate decision pending; Next meeting on May 7, influenced by Q1

GBP/USD: British pound sterling coins.

GBP/USD Down 3.7%, Tests Key Support at 1.2430

Quick Look:  GBP struggles at 1.2430 against USD, down 3.7% from March highs. CPI, retail data influence GBP/USD amid Fed and BoE rate speculations. Fed maintains firm stance on rates, BoE signals potential easing. GBP/USD faces critical support at

The Euro at Its Lowest Since 2020 (EUR/USD)

EUR/USD Eyes 1.0665 Amid Mixed Central Bank Signals

Quick Look: EUR/USD shows potential for a minor rebound, facing mixed market sentiments. Key support at 1.0600-1.0605, with resistance near 1.0710. Hawkish Fed vs ECB rate cut rumours fuel volatility. Upcoming economic events include UK inflation data and the

The Central Bank of Russia and crypto, nickel

Indonesia’s Nickel Surge: 95% Coal Power in 2024

Quick Look: Nickel smelting causes local communities severe health problems and environmental impact. Indonesia uses coal power for operations, bucking global clean energy trends. The nickel market flooded, reducing global prices and affecting major producers. Industry incidents and poor

spirulina

Spirulina Market to Hit $1077.96M by 2029, 7% CAGR

Quick Look: The Spirulina Market is Predicted to grow to USD 1077.96 million by 2029 at a 7% CAGR. Health trends and technological advancements drive market growth, particularly in plant-based supplements. Challenges include price fluctuations, environmental concerns, and regulatory

metals - uranium price

Uranium Stocks Peak: 11.7% Production Boost & Price Hike

Quick Look: Global uranium production increased by 11.7%, reaching 60.3 kilotons due to clean energy shifts and geopolitical tensions. Uranium prices hit a 15-year high in January 2024, with investments in nuclear energy rising significantly. Kazakhstan and Canada lead

soybean

Soybean Prices to Drop: Forecast Hits $1131.40 Amid Volatility

Quick Look: The bearish trend in soybean prices, with forecasts suggesting a drop to $1164.00 and $1131.40. Delay in Dynamic Soy Decision Support Tool launch to Fall 2024 for further development. Optimal soy planting dates range from mid-April to

BROKER NEWS

Covid-19's impact on platinum is less than feared, according to the WPIC

Platinum Volatility: Prices Fluctuate Amid Market Challenges

Quick Look: Platinum (PL) prices fluctuate, closing at $926.20 with a 6.23% year-to-date drop from a 52-week high. Platinum’s value falls behind gold, priced at $2,336.94 per ounce, with a 13.10% increase year-to-date. Platinum Group Metals Ltd’s stock closed at $1.86 with a 0.54% daily rise but over 20%

The Central Bank of Russia and crypto, nickel

Indonesia’s Nickel Surge: 95% Coal Power in 2024

Quick Look: Nickel smelting causes local communities severe health problems and environmental impact. Indonesia uses coal power for operations, bucking global clean energy trends. The nickel market flooded, reducing global prices and affecting major producers. Industry incidents and poor safety conditions highlight systemic management issues. Indonesia’s boom conflicts

spirulina

Spirulina Market to Hit $1077.96M by 2029, 7% CAGR

Quick Look: The Spirulina Market is Predicted to grow to USD 1077.96 million by 2029 at a 7% CAGR. Health trends and technological advancements drive market growth, particularly in plant-based supplements. Challenges include price fluctuations, environmental concerns, and regulatory hurdles, but opportunities exist in diversification and new markets.

metals - uranium price

Uranium Stocks Peak: 11.7% Production Boost & Price Hike

Quick Look: Global uranium production increased by 11.7%, reaching 60.3 kilotons due to clean energy shifts and geopolitical tensions. Uranium prices hit a 15-year high in January 2024, with investments in nuclear energy rising significantly. Kazakhstan and Canada lead in uranium production, with Kazakhstan producing nearly 40% of

soybean

Soybean Prices to Drop: Forecast Hits $1131.40 Amid Volatility

Quick Look: The bearish trend in soybean prices, with forecasts suggesting a drop to $1164.00 and $1131.40. Delay in Dynamic Soy Decision Support Tool launch to Fall 2024 for further development. Optimal soy planting dates range from mid-April to mid-May to avoid yield losses. Concerns over U.S. soy

Plus500 Witnesses Growth in Q1 Revenue

In the first quarter, Plus500 reported a $215.6 million revenue, marking a 4% rise Y-o-Y and a 14% increase Q-o-Q. Customer income was $169.6 million, with $30.6 million coming from customer trading performance. The

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