Fri, April 26, 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

13 Apps Removed -Trojan Crypto Wallet Scheme, akash
Cryptocurrencies

Quick Look: Akash Network’s price rose from $4 to a peak of

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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

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.

Stocks and China

Awaiting Inflation: U.S. Stocks Up Slightly

Quick Look: U.S. stocks show slight gains as investors seek recovery from last week’s losses, with the Dow Jones up by 10 points. Market volatility was highlighted by significant downturns last week, including a 2.3% drop in the Dow

Google, Microsoft - plan about cybersecurity

2024 Cybersecurity: M&A Downturn & Innovation Surge

Quick Look: M&A activities in cybersecurity saw a decrease to $985 million across eight deals in 2024, down from $7.1 billion in 2023. Cyber threats increased 2.5x during geopolitical tensions, with 3,380 incidents reported in 2023. The security startup

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

US

The U.S.: Feb CPI Growth 0.4%, Job Adds Hit 275K

Quick Look February’s Consumer Price Index is about to rise by 0.4%, indicating an annual inflation rate of 3.1%. Core CPI, excluding gas and food, may decrease slightly from January’s figure. The Producer Price Index will show a marginal increase, reflecting ongoing inflation pressures. Federal Reserve Bank of

reserve bank of Australia

Australia’s GDP Growth: A 2023 Q4 Analysis

Quick Look GDP grows by 0.2% in December Quarter 2023, matching economists’ predictions. Annual Australia’s GDP Growth Rate hits 1.5%, aligning with expectations. Export growth and reduced imports boost the economy, while company stock reductions hinder. The household savings ratio rises after two years. Projections indicate a slowdown

Turkey, forex

Turkey’s Inflation Hits 67.07%, Lira Drops to 31.4205

Quick Look February’s annual inflation rate in Turkey soared to 67.07%, up from January’s 64.86%. The monthly Consumer Price Inflation (CPI) rose by 4.53% in February, surpassing expectations. Central Bank of Turkey ramped up interest rates by 3,650 basis points to 45% since June. The Turkish lira weakened

China

China’s Economy Hits 30-Year Low, Eyes 5% Growth

Quick Look China’s GDP growth has reached a 30-year low amidst a backdrop of declining birth rates and high youth unemployment. Despite challenges in the financial and property markets, sectors like tourism, electric vehicles, and solar panels show robust growth. The economy expanded by nearly 5% last year,

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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