Fri, March 29, 2024
The government aspires to make Portugal Europe's top producer of prime lithium for electric car batteries.
Commodities

Quick Look: Atlas Lithium signs investment and offtake agreements with Mitsui. Mitsui

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

Here is a handpicked list of the best Forex brokers in Senegal

Dogecoin Rise 10% - Elon's $3B Shares in Twitter
Cryptocurrencies

Quick Look: Dogecoin reaches its highest level since December 2021, trading at

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The government aspires to make Portugal Europe's top producer of prime lithium for electric car batteries.
Commodities

Quick Look: Atlas Lithium signs investment and offtake agreements with Mitsui. Mitsui

Wibest – Oil and petroleum: Oil barrel spilling crude over US dollar coins and bills.
Commodities

On Monday, the WTI oil contracts for May the delivery dropped to

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FOREX NEWS

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Wibest – NZD/USD: One hundred New Zealand dollar bills.

NZD/USD Stalls: Impact of 0.8% US Sales Rise & Fed’s Move

Quick Look NZD/USD remains nearly unchanged, oscillating within a narrow band near two-week highs. US inflation data and Federal Reserve rate cut speculations influence market sentiment. Technical indicators suggest a bullish outlook for NZD/USD, with key resistance and support

Wibest – Canadian Loonie: Canadian dollar bills.

USD/CAD Edges Up to 1.3484 Amid Economic Shifts

Quick Look USD/CAD closed at 1.3484, slightly above its opening price, amidst a fluctuating oil market. WTI oil was priced at $78.51, and gold stood at $2176.72, reflecting commodity market movements. The US inflation report showed an unexpected rise,

Japanese Yen rallied against U.S. Dollar

USD/JPY Plunges to 146.50: Economic Shifts in Focus

Quick Look USD/JPY fell from 150.50 to 146.50, marking a significant drop. Soft U.S. economic data fuels speculation on Fed rate cuts. BoJ’s upcoming meeting could tighten monetary policy. The historical average suggests a possible reversion for USD/JPY. Market

yen bills

Yen Surges on Worries of Global Economic Growth

Safe-haven currencies including the yen gained against the dollar on Wednesday, as a careful mood dominated the first trading day of the year on worries about the global growth, the US government shutdown, and a slower pace of Federal Reserve rate hikes. Read more here!

aussie dollar bills closeup

Australian and the New Zealand dollar Bounce back

The Australian and the New Zealand dollar staged a remarkable comeback on their US counterpart on Friday, as lackluster economic data fueled speculation of a U-turn on US interest rates. Read more here!

US dollar closeup shot

Dollar Slumps on New Powell Comments

The dollar weakened against other currencies on Monday, as traders felt more bearish due to the increasing expectations that the Federal Reserve would put its policy tightening to a pause in 2019. Read more here!

US dollar closeup shot

Dollar Struggles on Fed Rate Speculation

The dollar floundered for traction against other currencies on Tuesday, with investors increasingly convinced that the Federal Reserve will not raise interest rates this year amid risks of a sharper slowdown in global growth. Read more here!

BROKER NEWS

Stock Report – stock exchange background – WibestBroker

Plus500 Expands Office Space in Haifa and Boosts Hiring

Plus500 has significantly expanded its Haifa office space and increased recruitment efforts across various departments. Local news source Walla reports the brokerage has leased an additional 5,800 square meters in the Gev-Yam complex in Haifa. Aden Dahan, Plus500’s Vice President of Recruitment and Human Resources, stated the expansion is

Dollar and the short-end U.S. yields surge - DXY

DXY Dips to 102.868: Inflation & Fed’s Future Moves

Quick Look The DXY Index recorded a minor decrease to 102.868, reflecting a -0.06% change. February’s CPI data aligns with expectations, showing a 0.4% increase month-on-month. Core inflation rates exceed forecasts, signalling stronger inflationary pressures. Federal Reserve’s potential rate cut in June sees a slight dip in probability, influencing Treasury yields.

Wibest – NZD/USD: One hundred New Zealand dollar bills.

NZD/USD Stalls: Impact of 0.8% US Sales Rise & Fed’s Move

Quick Look NZD/USD remains nearly unchanged, oscillating within a narrow band near two-week highs. US inflation data and Federal Reserve rate cut speculations influence market sentiment. Technical indicators suggest a bullish outlook for NZD/USD, with key resistance and support levels identified. Upcoming US retail sales data and Fed’s policy meeting to

Wibest – Canadian Loonie: Canadian dollar bills.

USD/CAD Edges Up to 1.3484 Amid Economic Shifts

Quick Look USD/CAD closed at 1.3484, slightly above its opening price, amidst a fluctuating oil market. WTI oil was priced at $78.51, and gold stood at $2176.72, reflecting commodity market movements. The US inflation report showed an unexpected rise, with February’s CPI at 3.2% YoY. The USD/CAD faces pressure due to

Japanese Yen rallied against U.S. Dollar

USD/JPY Plunges to 146.50: Economic Shifts in Focus

Quick Look USD/JPY fell from 150.50 to 146.50, marking a significant drop. Soft U.S. economic data fuels speculation on Fed rate cuts. BoJ’s upcoming meeting could tighten monetary policy. The historical average suggests a possible reversion for USD/JPY. Market sentiment shows a bearish outlook, with 67% of traders short on USD/JPY.

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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