Tue, June 18, 2024
Natural gas
Commodities

Quick Look: Natural Gas Futures Outlook: Closed the week with a bearish

With the cryptocurrency market's rise, Saxo's crypto offerings have increased in demand.
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Cryptocurrencies

Quick Look: Andrew Tate’s DADDY token launched on June 9, 2024, with

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Natural gas
Commodities

Quick Look: Natural Gas Futures Outlook: Closed the week with a bearish

Wibest – WTI crude: Crude oil barrels stacked on top of each other.
Commodities

After a few days of continuous contraction, WTI crude oil prices finally

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FOREX NEWS

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Wibest – CHF Franc: New Swiss franc notes. usd/chf

USD/CHF Targets 0.9050 Resistance in June 2024

Quick Look: USD/CHF broke a significant trendline from 2022 highs, indicating the potential for higher prices within a bullish triangular range. Currently experiencing an A-B-C corrective decline, testing support at 0.8900; bullish resumption needs a rise above 0.9000. From

Japanese Yen fell against the U.S. dollar on Thursday

Flight-to-Safety Drives Yen Up, USD/JPY Down 0.31%

Quick Look: USD/JPY exchange rate closed at 110.933, down 0.31% due to geopolitical tensions and BOJ policy speculation. The Yen appreciated as investors sought safety amidst global uncertainties, notably the crisis in Turkey. Japan’s June household income rose by

EUR/USD - Euro and the united states dollar

EUR/USD Forecasts Diverge Amid US Data Impact

Quick Look: MUFG predicts EUR/USD at 1.12 by March 2025; Barclays sees 1.05–1.06 this year. ECB cut rates by 25 basis points; EUR/USD fell from 1.09 to 1.08 after strong US job data. May non-farm payrolls rose by 272,000,

dollar bills on top of each other

Dollar Slides after Treasury Yields Decline

The dollar slumped in Asia on Tuesday after US Treasury yields slipped from three-month lows, with investors fretting over a possible pause in the Federal Reserve’s rate hike cycle and portents of recessions seen in a yield curve inversion. Read more!

dollar bills closeup shot on the side

US Dollar Struggles on Interest Rate Speculation

The dollar floundered to recover in Asian trade on Friday, dragged by fresh speculation that the widely expected rate hike this month could turn out to the last one before the Federal Reserve reaches the pause button on its tightening cycle. Read on!

US dollar bills piled alongside each other

Dollar Softens on Lackluster Payrolls Data

The dollar lost nearly half percent against the euro and the yen on Monday after a weak US payrolls data fanned speculations that the Federal Reserve may stop raising interest rates after a highly likely move next week. Read more here!

BROKER NEWS

Broker News

Zenfinex Reports Revenue Surge but Faces Operating Losses

London-based broker Zenfinex, now operating as Taurex, has exposed its fiscal year 2023 financial results, which paint a complex picture of its economic situation. Zenfinex’s Fiscal Overview Zenfinex Limited’s revenue hit £848,306, a significant rise from the previous year. However, direct costs reached £196,627, hinting at potential issues. The

GBP/USD: British pound sterling coins. Bank of England (BoE)

GBP/USD Trading at 1.2718 with 0.03% Daily Decline

Quick Look: The short-term trend remains bullish, with GBP/USD Price at 1.2718 with a slight daily decline of 0.03%. Support at 1.2688/1.2654, resistance at 1.2800/1.2970, 21-day EMA at 1.2712, bullish MACD and RSI above 50. UK Employment Data expected job contraction of 100,000; wage growth at 6.1%, impacting inflation. The strong

Wibest – CHF Franc: New Swiss franc notes. usd/chf

USD/CHF Targets 0.9050 Resistance in June 2024

Quick Look: USD/CHF broke a significant trendline from 2022 highs, indicating the potential for higher prices within a bullish triangular range. Currently experiencing an A-B-C corrective decline, testing support at 0.8900; bullish resumption needs a rise above 0.9000. From the 0.8332 bottom, corrective pattern against the downtrend from the 2022 high;

Japanese Yen fell against the U.S. dollar on Thursday

Flight-to-Safety Drives Yen Up, USD/JPY Down 0.31%

Quick Look: USD/JPY exchange rate closed at 110.933, down 0.31% due to geopolitical tensions and BOJ policy speculation. The Yen appreciated as investors sought safety amidst global uncertainties, notably the crisis in Turkey. Japan’s June household income rose by 4.4%, spending fell by 1.2%, and real wages grew by 2.8%.  Internal

EUR/USD - Euro and the united states dollar

EUR/USD Forecasts Diverge Amid US Data Impact

Quick Look: MUFG predicts EUR/USD at 1.12 by March 2025; Barclays sees 1.05–1.06 this year. ECB cut rates by 25 basis points; EUR/USD fell from 1.09 to 1.08 after strong US job data. May non-farm payrolls rose by 272,000, unemployment was 4.0%, and average earnings were up 0.4%. Financial analysts’ opinions

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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