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Quick Look: Gold (XAU) reached a record high in May 2024, with

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Gold
Commodities

Quick Look: Gold (XAU) reached a record high in May 2024, with

Wibest – WTI Crude: Crude oil
Commodities

The price of WTI oil turned positive on Tuesday and settled at

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USD/JPY

USD/JPY Outlook: Q1 Capital Spending Falls to 12.2%

Quick Look: Expected to rise by 12.2% in Q1 2024, JPY down from 16.4% in Q4 2023, indicating potential cost-saving measures by companies. Improved from 49.6 to 50.5 in May, showing slight demand improvement but unlikely to alter BOJ

euro, usd

EUR/USD at 1.0850; FTSE Falls on Royal Mail Takeover

Quick Look: The EUR/USD pair struggles at 1.0850 amid a stronger USD driven by hawkish Fed comments and strong US consumer confidence data. The USD strengthens broadly, influenced by strong consumer confidence data, the Fed’s Beige Book, and hawkish

Wibest - Dollar Remains Firm as Fed Calls for Further Hikes

Dollar Remains Firm as Fed Calls for Further Hikes

The US dollar on Thursday was firm in Asia following the withdrawal of the US Federal Reserve from a more aggressive policy tightening move. This followed when it gave markets the distinct impression of being much less cautious in

yen and Swiss franc on the table

Safe Haven Yen and Franc Rise on Global Concerns

The yen and the Swiss franc gained on Friday, as investors sought refuge in safe-haven assets because of renewed US-China trade tensions and weaker-than-expected data in the top two economies that revived global growth fears. 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

Wibest – Franc: Euro and Swiss franc (chf) coins and bills.

Swiss Franc Dips to 0.9000: Performance and Predictions

Quick Look: Current Performance: USD/CHF trades at 0.9000, its lowest since late March. Technical Indicators: Shows a bearish trend, forming an evening star pattern and falling below the 50-day moving average. Market Expectations: Possible Fed rate cuts by September; Swiss CPI data pivotal for SNB’s interest rate decisions. The Swiss Franc

USD/JPY

USD/JPY Outlook: Q1 Capital Spending Falls to 12.2%

Quick Look: Expected to rise by 12.2% in Q1 2024, JPY down from 16.4% in Q4 2023, indicating potential cost-saving measures by companies. Improved from 49.6 to 50.5 in May, showing slight demand improvement but unlikely to alter BOJ policy. Forecasted at 49.8 for May, reflecting a soft landing for the

Global Markets and Crude Oil Prices Affected Indian Rupee

Indian Rupee Slides Before Key PMI Data and Election Results

Quick Look: Currency Movements: The Indian Rupee recovered against the USD ahead of key PMI data from India and the US. Recent Price Changes: USD/INR saw its biggest weekly drop over two months due to month-end USD demand from importers. Significant Developments: Potential BJP victory in India’s election could strengthen the

euro, usd

EUR/USD at 1.0850; FTSE Falls on Royal Mail Takeover

Quick Look: The EUR/USD pair struggles at 1.0850 amid a stronger USD driven by hawkish Fed comments and strong US consumer confidence data. The USD strengthens broadly, influenced by strong consumer confidence data, the Fed’s Beige Book, and hawkish remarks from Fed officials. The EUR/USD pair is under pressure as the

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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