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Gold
Commodities

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

Wibest – Oil and petroleum: Oil barrel spilling crude over US dollar coins and bills.
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On Monday, the WTI oil contracts for May the delivery dropped to

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New Zealand Dollar fell against U.S. dollar. Euro stays low - NZD

NZD at 0.6140 Amid Data Drought and Key Events

Quick Look: The NZD trades at 0.6140, an 11-week high, with thin momentum due to a data drought. US GDP and PCE inflation data, NZ government Budget release, and RBNZ Governor Orr’s speech are pivotal. US GDP and PCE

AUD/USD - The Greenback: US dollar and Australian dollar banknotes.

Australian Dollar Steady at 0.6649 Amid Key Economic Data

Quick Look: The Australian to US Dollar pair remains steady at 0.6649 as the market awaits key economic data. Minneapolis Fed President Neel Kashkari’s comments on potential rate hikes strengthen the USD. Increased US consumer confidence and rising Treasury

The Japanese Yen, U.S. dollar and other currencies. USD/JPY

USD/JPY Below 157.00 Amid Key Economic Data Events

Quick Look: USD/JPY trading below 157.00 during Tuesday’s Pacific session, with a focus on central bank rates and key economic data. Japanese Tokyo CPI (Friday), US GDP (Thursday), US PCE inflation (Friday), US Consumer Confidence Index (Tuesday). Subdued 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

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 – GBP USD: A close up of a British pound coin over a chart

GBP/USD Drops to 1.2711, Eyes Further Decline to 1.2700

Quick Look: GBP/USD fell to new weekly lows due to increased US Treasury yields and Fed rate cut expectations. Michael Saunders and Neel Kashkari discussed potential rate cuts and the cautious stance of MPC and Fed. The “Evening Star” pattern suggests a bearish trend with key support at 1.2634, 1.2580, and

New Zealand Dollar fell against U.S. dollar. Euro stays low - NZD

NZD at 0.6140 Amid Data Drought and Key Events

Quick Look: The NZD trades at 0.6140, an 11-week high, with thin momentum due to a data drought. US GDP and PCE inflation data, NZ government Budget release, and RBNZ Governor Orr’s speech are pivotal. US GDP and PCE updates could influence the Fed’s interest rate decisions, with markets eyeing potential

AUD/USD - The Greenback: US dollar and Australian dollar banknotes.

Australian Dollar Steady at 0.6649 Amid Key Economic Data

Quick Look: The Australian to US Dollar pair remains steady at 0.6649 as the market awaits key economic data. Minneapolis Fed President Neel Kashkari’s comments on potential rate hikes strengthen the USD. Increased US consumer confidence and rising Treasury yields pressure the AUD/USD pair. As the Asian session begins, the AUD/USD

The Japanese Yen, U.S. dollar and other currencies. USD/JPY

USD/JPY Below 157.00 Amid Key Economic Data Events

Quick Look: USD/JPY trading below 157.00 during Tuesday’s Pacific session, with a focus on central bank rates and key economic data. Japanese Tokyo CPI (Friday), US GDP (Thursday), US PCE inflation (Friday), US Consumer Confidence Index (Tuesday). Subdued market opening due to US Memorial Day; anticipation of Fed speeches; BoJ’s limited

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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