Sat, May 18, 2024
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Quick Look: China’s industrial output increased by 6.7% in April, signalling stronger

With the cryptocurrency market's rise, Saxo's crypto offerings have increased in demand.
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Here is a handpicked list of the best Forex brokers in Senegal

Coinbase Closes for Four Weeks - Staff Recharge
Cryptocurrencies

Quick Look: Coinbase shares fell nearly 8% to $202.49 amid CME’s potential

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Oil prices
Commodities

Quick Look: China’s industrial output increased by 6.7% in April, signalling stronger

WTI crude oil prices concept down – WibestBroker
Commodities

WTI crude is to record a weekly decline amid the easing Middle

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FOREX NEWS

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Euro

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

Forex Markets: A conflict within the two currency is displayed.

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

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

Wibest – Japan Yen: Japanese yen bills. USD/JPY

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

Wibest – Australian Dollar: The AUD/USD sign on a trading trading chart with a green arrow pointing upward.

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 - NZD USD digital trading chart.

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

Euro

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

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