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Wibest – UK Currency: The UK and EU flags in front of the UK parliament.
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Quick Look: UK inflation hits a 13-month low at 2.4%, unexpectedly driven

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

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

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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 – 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

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FOREX NEWS

FOREX NEWS

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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 – Chinese yuan bill.

Chinese Yuan Trends: Economic Impact in 2024

Quick Look: Chinese Yuan is expected to depreciate to 7.35 by Q2 2024 and 7.45 by Q3. PBOC set the CNY reference rate at 7.1059, with operations aimed at stability. Shifts in Chinese production affect global market prices and

Euro is back on track

Euro Wavers: ECB Rate Signals and Mixed Global Indicators

Quick Look: ECB Vice President hints at June rate cut, influencing EUR/USD exchange rates. Mixed PMI data presents a complex economic outlook; the US shows weaker figures. Technical patterns suggest a potential decline in EUR/USD amid fluctuating forex markets.

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

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

BROKER NEWS

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 a

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

US Economy Surges 3.3% in Q4

Robust Economic Growth, Challenges, Predictions of Recession The U.S. economy delivered a stunning performance, expanding at an annualized rate of 3.3% in the final quarter of 2023, according to the Commerce Department’s report on

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