Sat, April 27, 2024
Wibest – UK Currency: The UK and EU flags in front of the UK parliament.
Economy

Quick Look: UK inflation hits a 13-month low at 2.4%, unexpectedly driven

saudi arabian
Economy

Saudi Arabia is planning to balance its state budgets over the medium

Zambia and interesting details
Economy

Countries in different parts of the world are trying to minimize the

TODAY'S FEATURED

Wibest – UK Currency: The UK and EU flags in front of the UK parliament.
Economy

Quick Look: UK inflation hits a 13-month low at 2.4%, unexpectedly driven

Wibest – Yen exchange rate: USD and JPY bills.
Forex

Quick Look: Bank Of Japan decision led USD/JPY to hit a 34-year

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FOREX NEWS

FOREX NEWS

BROKER NEWS

euro (EUR), European currencies rallied on Monday. What about Dollar?

EUR/USD Faces 3.4% Drop Amid US and EU Economic Shifts

Quick Look: EUR/USD faces a pivotal week with key US and EU economic indicators. Resistance and support identified: Resistance at 1.0754, Support at 1.0654. Upcoming US inflation data and central bank decisions are critical for the short-term outlook. The

Wibest – Yen exchange rate: USD and JPY bills.

USD/JPY Hits 34-Year High of 156.00 Amid Fiscal Policies

Quick Look: Bank Of Japan decision led USD/JPY to hit a 34-year high; the FY 2024 growth forecast was revised to 0.8%. April’s 1.8% increase fell short of expectations, impacting inflation outlook and policy. Despite slow Q1 GDP growth,

usd/chf Franc: New Swiss franc bills.

USD/CHF Climbs to 0.9150 on US-Swiss Policy Shifts

Quick Look: USD/CHF stabilises with key support and resistance levels noted; potential for a bullish trend on breaking 0.9243. US Fed is likely to maintain rates; Swiss National Bank cut rates, with more cuts expected. The US shows mixed

The Canadian Dollar (USD/CAD) Stable, Russia Faces Penalties

USD/CAD Market Trends: Key Financial Events

Quick Look: USD/CAD nears key resistance at 1.36840-1.36860; support at 1.36720-1.36750. This week’s key events include US economic reports, Bank of Canada, and Federal Reserve rate decisions.  Oil prices affect CAD; treasury yields and buying interest boost USD. The

Wibest – Yen exchange rate: USD and JPY bills.

USD/JPY Hits 34-Year High of 156.00 Amid Fiscal Policies

Quick Look: Bank Of Japan decision led USD/JPY to hit a 34-year high; the FY 2024 growth forecast was revised to 0.8%. April’s 1.8% increase fell short of expectations, impacting inflation outlook and policy. Despite slow Q1 GDP growth,

Wibest – UK Currency: The UK and EU flags in front of the UK parliament.

UK Inflation Hits 13-Month Low at 2.4%, Unexpectedly Drops

Quick Look: UK inflation hits a 13-month low at 2.4%, unexpectedly driven down by lower airfares. Bank of England may delay rate hikes, with shifting odds now favouring a rise by August. Economic signs mixed, with factory costs up

usd/chf Franc: New Swiss franc bills.

USD/CHF Climbs to 0.9150 on US-Swiss Policy Shifts

Quick Look: USD/CHF stabilises with key support and resistance levels noted; potential for a bullish trend on breaking 0.9243. US Fed is likely to maintain rates; Swiss National Bank cut rates, with more cuts expected. The US shows mixed

13 Apps Removed -Trojan Crypto Wallet Scheme, akash

Akash Network’s AKT Rises 50% Post-Upbit Listing

Quick Look: Akash Network’s price rose from $4 to a peak of $7 following its listing on Upbit.  From $1 billion to $1.45 billion, with a trading volume boost of 1560%. Akash Network will host a decentralised AI summit

BROKER NEWS

Wibest – Yen exchange rate: USD and JPY bills.

USD/JPY Hits 34-Year High of 156.00 Amid Fiscal Policies

Quick Look: Bank Of Japan decision led USD/JPY to hit a 34-year high; the FY 2024 growth forecast was revised to 0.8%. April’s 1.8% increase fell short of expectations, impacting inflation outlook and policy. Despite slow Q1 GDP growth, the dollar attracts investors; USD/JPY faces resistance near 160.00. The

Wibest – UK Currency: The UK and EU flags in front of the UK parliament.

UK Inflation Hits 13-Month Low at 2.4%, Unexpectedly Drops

Quick Look: UK inflation hits a 13-month low at 2.4%, unexpectedly driven down by lower airfares. Bank of England may delay rate hikes, with shifting odds now favouring a rise by August. Economic signs mixed, with factory costs up but pound strength and job market stability noted. In

Regional tensions and stocks, South Korea

South Korea’s Economic Turmoil in a Shifting Global Landscape

Quick Look: South Korea’s shadow banking has grown to S$85.8 trillion, with a high delinquency rate of 6.55%. Soaring debts in real estate, highlighted by Taeyoung’s restructuring and a US$66 billion government intervention. Significant funds enrich the tech sector with major semiconductor projects led by SK Hynix and

IMF Forecasts 3.2% Global Growth in 2024

Quick Look:  IMF revises the 2024 global growth forecast by 0.1%, maintaining a stable outlook amidst global challenges. Advanced economies like the US and the Eurozone show positive indicators, surpassing pre-COVID levels. Geopolitical tensions, inflation risks, and differing central bank approaches threaten forecasted growth despite potential economic drivers.

Five superpowers ruling the world

2023/24 Global Economy: 3% Growth Amidst Conflict

Quick Look: Global Growth Projections: IMF predicts growth of 3% in 2023 and 2.9% in 2024. Geopolitical Tensions: Ongoing conflict in the Middle East escalates oil prices. Inflation Concerns: High inflation rates prompt fears of continued tight monetary policy. Energy Sector Outlook: Predictions of oil prices reaching $100

Digital Currencies Could Earn a Push from the War

Russia’s Sanctions Tango: Short Wins, Long Challenges

Russian President Vladimir Putin’s triumphant rhetoric about Russia’s resilience in the face of international sanctions conceals a more complex reality. While Russia appears to weather the storm in the short term, its long-term prospects

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