USD/CHF Neutral at 0.9150 Amid Market Uncertainties
Quick Look: USD/CHF holds steady at 0.9150, with support at 0.8996. US dollar buoyed by geopolitical tensions and firm
AUD/USD Hits 2024 Low; Key Support at 0.6443
Quick Look: AUD/USD hits 2024 lows, finding support at 0.6443, with eyes on further drops. Central banks’ moves an
Markets Waver as Iran-Israel Tensions Flare Up
Quick Look: Saudi & Qatari indices are down, with Saudi -1.8% and Qatari -1.6% due to Iran-Israel tensions. Bahrain&
Wheat Prices Drop to $569.80, Forecast to Hit $541.80
Quick Look: Wheat prices show a bearish trend, currently at $569.80. The market faces pressures from the strong US dol
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Oil Prices Drop on Worries over Possible Oversupply
Oil Prices Fall as Future Growth Blurs
China Traders Play Down New Feed Guidelines
Silver Prices Struggle Amid Market Volatility, Down 1.27%
Platinum Volatility: Prices Fluctuate Amid Market Challenges
Nickel Prices Shift Amid Supply Fears
EDUCATION
Solana Outpaces Market with 5.75% Surge to $192
$1M BNB Chain Initiative Boosts Meme Token Market
Litecoin’s 46% Surge & 407.6% Grayscale Premium
Scalp Trading vs Swing Trading: Speed or Stamina in the Market?
Basket Trading Strategy: Simplifying Diversified Investments
FOREX NEWS
FOREX NEWS
BROKER NEWS
Yuan Down 2% vs Dollar: PBOC Adjusts Amid Global Shifts
Quick Look: The Yuan (CNY) has seen a depreciation of approximately 2%
EUR/USD Dips And DXY at 104.30: Currency Shifts
Quick Look: EUR/USD rate Dips to 1.0820 during the Asian session. The US Dollar Index (DXY) hovers around 104.30, adjusting from March’s highs. US GDP annualized Q4 2023 is expected to maintain a 3.2% increase. As the global financial landscape
GBP/USD Dives Below 1.27: BoE’s Dovish Shift Shakes Markets
Quick Look: GBP/USD fell over 100 pips, dropping below 1.2700 after the Bank of England’s dovish signals. Bank of England (BoE) maintains interest rates above 5% with a cautious outlook amid global uncertainties. UK inflation falls, offering BoE policy
USD/CAD Eyes 1.3600 Amid Market Volatility
Quick Look: USD/CAD rebounds near 1.3590, aiming for a recovery after recent dips. Speculation arises on USD/CAD’s potential to test the 1.3600 mark, influenced by crude oil dynamics and market sentiment. Recent downturns in WTI oil prices and remarks
Currency Pairs: Dollar Rises on Trade Concerns
CURRENCY PAIRS –The dollar gained on Wednesday on safe-haven appeal after reports of further tensions in the US-China trade negotiations. However, gains were capped as investors awaited the Federal Reserve for its policy meeting later in the day. The
Forex Markets: Dollar Gains on Kiwi Drop
FOREX MARKETS – The dollar strengthened while the Aussie and kiwi weakened on Wednesday after news said that the Reserve Bank of New Zealand announced future monetary policy easing. The US dollar index, which is an indicator of the
FX Market: Dollar Strengthens, Pound Weakens
FX MARKET – Last Tuesday in Europe, nearly on its third week, the dollar was close to being on its highest level on trading. At the same time, optimism has been damaged, raising the possibility of a disruptive and
Aussie Surges, Euro Recovers with China’s Economy
CURRENCY PAIRS – After data showed steady Chinese economic growth in the first quarter, the Aussie shot to a two-month peak on Wednesday, helping it shake off earlier losses. From the previous $0.7206, the Aussie was 0.2 percent higher at
BROKER NEWS
Admirals UK Achieves Profit Turnaround in 2023
Admirals (formerly known as Admiral Markets), based in the UK, ended 2023 on a high note by earning a net profit of over £46,000. It was a significant improvement from a nearly £291,000 loss the year before. The company’s revenue soared by 40% to £8.4 million. Despite higher administrative
CLSA Exits Margin Dealing, Moves to Healthcare
Axi Inks Sports Sponsorship Portfolio
CEO To Pay Back 3.4 Billion for Forex Scam
SFC in Hong Kong Calls Vantage Website ‘Suspicious’
Yuan Down 2% vs Dollar: PBOC Adjusts Amid Global Shifts
Quick Look: The Yuan (CNY) has seen a depreciation of approximately 2% against the dollar this year. The Yen has weakened by 7% against the dollar and is currently at a 30-year low against the CNY. The People’s Bank of China (PBOC) has allowed the yuan to drop to the weaker
EUR/USD Dips And DXY at 104.30: Currency Shifts
Quick Look: EUR/USD rate Dips to 1.0820 during the Asian session. The US Dollar Index (DXY) hovers around 104.30, adjusting from March’s highs. US GDP annualized Q4 2023 is expected to maintain a 3.2% increase. As the global financial landscape evolves, currency exchange rates and economic indexes are pivotal indicators for investors
GBP/USD Dives Below 1.27: BoE’s Dovish Shift Shakes Markets
Quick Look: GBP/USD fell over 100 pips, dropping below 1.2700 after the Bank of England’s dovish signals. Bank of England (BoE) maintains interest rates above 5% with a cautious outlook amid global uncertainties. UK inflation falls, offering BoE policy flexibility, while US durable goods orders show improvement. In the intricate world
USD/CAD Eyes 1.3600 Amid Market Volatility
Quick Look: USD/CAD rebounds near 1.3590, aiming for a recovery after recent dips. Speculation arises on USD/CAD’s potential to test the 1.3600 mark, influenced by crude oil dynamics and market sentiment. Recent downturns in WTI oil prices and remarks from the Bank of Canada (BoC) highlight significant economic challenges. The USD/CAD
Dukascopy’s Trading Revenue Takes an 80% Hit in H1
The Swiss-based Dukascopy today made its interim consolidated income statement public. The report showed a sharp 80% plunge in profits, dropping to CHF 889,000 in H1 of this year from CHF 3.9 million during