Indonesia’s Q1 GDP Growth at 5.11%, Exceeding Forecasts
Quick Look: Indonesia’s Q1 GDP grew 5.11% year-on-year, surpassing forecasts. Key drivers are government spending
AUD/USD Hits 0.6624, Eyes on RBA’s Next Moves
Quick Look: AUD/USD resilient, testing key resistance levels; support found at 0.6520. Recent gains are fueled by a weak
Microsoft’s $1B Investment in OpenAI to Rival Google
Quick Look: Microsoft invested $1 billion in OpenAI in 2019 to catch up with Google in AI; The investment aimed to enhan
PayPal’s Strong Start in 2024: $403.9B Payment Volume Surge
PayPal’s Strong Start in 2024: $403.9B Payment Volume Surge Quick Look: Significant Volume Increase: PayPal report
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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
EDUCATION
Dogwifhat: Swift Ascent and Present Market Assessment
INJ’s $52.98 High Amidst 23% Weekly Drop
Kraken, Coinbase Adapt Amid Regulatory Shifts
Scalp Trading vs Swing Trading: Speed or Stamina in the Market?
Basket Trading Strategy: Simplifying Diversified Investments
FOREX NEWS
FOREX NEWS
BROKER NEWS
USD/JPY Faces Volatility: Intervention & Global Risks Loom
Quick Look: Intervention threats, BoJ policy hints, and global tensions drive USD/JPY
AUD/USD Nears 2-Week High at 0.6630 Amid US CPI Await
Quick Look: AUD trades near a two-week high at 0.6630 against USD amid upcoming US CPI data and FOMC minutes. March CPI in the US will rise to 3.4% YoY; Fed rate cuts may appear from September 2024. Fed
NZD/USD Dips Ahead of RBNZ Decision Amids Global Uncertainty
Quick Look: RBNZ is on a path to hold OCR at 5.5% amidst recession and falling inflation. NZ is in a technical recession; the Q4 economy contracted by -0.3%. The US labour market is strong, but the Fed is
Volatile Path of Euro: Key Levels and Economic Data
Quick Look: Euro faces resistance at 1.0880, with the 100 SMA at 1.0870 providing an additional barrier. Support levels were identified at 1.0820 and 1.0785, correlating with the 61.8% Fibonacci retracement. US CPI report and ECB’s interest rate decision
Currency Pairs: EUR/USD Adds to Friday’s Highs
Currency Pairs: EUR/USD in highs after a tough week. Click here for more information!
New Zealand Currency Affected by Jobs Data
New Zealand Currency in distress after the report on jobs setback. Want to know more? Click here now! – Wibest Broker
Dollar Exchange Rate Affected by the Fed’s Decision
Dollar exchange rate hold on to its gains due to Fed’s refusal to Trump’s Demand. Want to know more? Click here now! – Wibest Broker
Forex Markets weaken as Trade War Extends
FOREX MARKETS – After the latest growth in the trade war between the United States and China on Monday, the Chinese yuan and Australian dollar plunged. Meanwhile, the safe-haven yen strengthened slightly. As Washington demanded promises of concrete changes
BROKER NEWS
Dutch Neobank BUX Names Marcel Jongmans as Chairperson
BUX Holding, the parent firm of mobile investment platform BUX, today announced Marcel Jongmans as the board’s new Chairperson. With almost 30 years in financial services, Jongmans will succeed Founder Nick Bortot, who will stay involved as a Board Observer. BUX Introduces New Chairperson Marcel Jongmans Jongmans takes the
CEO To Pay Back 3.4 Billion for Forex Scam
SFC in Hong Kong Calls Vantage Website ‘Suspicious’
Acetop UK Records 6% Revenue Jump; Reduces 2022 Losses
VertexFX Taps Advanced Markets’ Liquidity
Robinhood Signs Modified Credit Agreement for $2.175 B
USD/JPY Faces Volatility: Intervention & Global Risks Loom
Quick Look: Intervention threats, BoJ policy hints, and global tensions drive USD/JPY volatility. Speculation grows with Yen surpassing the 153 mark, hinting at potential Japanese intervention. Technical indicators suggest a bullish USD/JPY trend, but BoJ intervention remains a caution. Short-term outlook focuses on US data, FOMC speeches, and possible Japanese intervention
AUD/USD Nears 2-Week High at 0.6630 Amid US CPI Await
Quick Look: AUD trades near a two-week high at 0.6630 against USD amid upcoming US CPI data and FOMC minutes. March CPI in the US will rise to 3.4% YoY; Fed rate cuts may appear from September 2024. Fed officials offer varied outlooks; Goolsbee warns against high rates, and Powell aims
NZD/USD Dips Ahead of RBNZ Decision Amids Global Uncertainty
Quick Look: RBNZ is on a path to hold OCR at 5.5% amidst recession and falling inflation. NZ is in a technical recession; the Q4 economy contracted by -0.3%. The US labour market is strong, but the Fed is cautious as no rate cuts are expected soon. The NZD/USD exchange rate
Volatile Path of Euro: Key Levels and Economic Data
Quick Look: Euro faces resistance at 1.0880, with the 100 SMA at 1.0870 providing an additional barrier. Support levels were identified at 1.0820 and 1.0785, correlating with the 61.8% Fibonacci retracement. US CPI report and ECB’s interest rate decision this week are key for future direction. Euro shows resilience, bouncing off
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