UBS: Commodities Set for Growth, Precious Metals in Focus
Key Points Bullish Outlook: UBS maintains a positive medium-term outlook on commodities, highlighting their potential fo
Zimbabwe Plans Shift to Gold-Backed Currency by 2026
Quick Overview Zimbabwe’s Transition: Zimbabwe is phasing out the US dollar for a gold-backed currency, ZiG, aimin
Japanese Stocks Drop 30% Amid Yen’s 7-Month High Surge
Quick Look: Japanese stocks saw their most significant decline since 1987, linked to a surge in the yen. The unwinding o
Crypto Market Dips: Bitcoin Down 21%, Buy Now?
Quick Look: Bitcoin Halving Cycle: Critical to Bitcoin’s economic model, it reduces mining rewards every four year
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Oil Prices Drop on Worries over Possible Oversupply
Oil Prices Fall as Future Growth Blurs
China Traders Play Down New Feed Guidelines
Gold Rebounds to $2,500 Amid Fed Rate Cut Speculations
Silver’s Pullback from $30.19: What’s Next for XAG/USD?
Middle East Tensions Drive Oil Prices Up 0.75% to $75.39
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Currency Shifts and Employment Reports: Key Market Drivers
Quick Look: UK Elections Impact: Stirring currency markets; GBP-related pairs are volatile.
US Dollar Rises Despite ISM PMI Drop to 48.5
Quick Look: The USD rises despite weaker ISM manufacturing data, showing strength in the DXY index. Markets await the June jobs report, which is crucial for the Federal Reserve’s future policy decisions. US elections impact market dynamics, with a
Currency Markets Surge: Yen at 161.94, Euro at 1.0761
Quick Look: Currency’s Historic Drop: On July 2, 2023, the yen hit lows of 161.94 against the US dollar and 173.80 against the euro, driven by expectations of a dovish stance from Japan’s central bank. US Dollar Fluctuations: Dovish
USD/JPY Dips 0.03% to 160.77 Near 38-Year Highs
Quick Look: USD/JPY dipped 0.03% to 160.77, staying near multi-year highs with a target of 161.00. Resistance at 161.00, 162.00, 164.87, and 178.00; support at 159.01, 158.75, 158.36, and 157.70. Japanese intervention has limited effect; traders remain bullish despite
Yen Stronger after US Sues China’s Huawei
The yen was stronger against its peers on Tuesday with investors trying to take refuge in safe-haven assets after the US Justice Department charged Chinese giant Huawei Technologies Co Ltd with fraud, ramping up the US-China trade tensions. The
US Dollar Perks Up, Aussie Recovers from Losses
The US dollar retained its recent gains versus its major peers on Tuesday, backed by a recovery in investor’s risk appetite, which gave an overnight boost to US yields. The Australian dollar gained, recouping earlier losses, after the Reserve
Dollar Firm after Trump’s Speech Showed No Surprises
US President Trump’s State of the Union Address, which tackled trade and budget concerns but otherwise did not surprise listeners, showed no drastic effects on the dollar on Wednesday. Trump delivered an outline of his concerns for the coming
Euro Weakens on Pessimistic Economic Outlook
The euro slipped to a new two-week low against the dollar during the early trading in Europe, with traders expecting more pessimism over the global economic outlook. German industrial output data have already set the tone, showing a drop
BROKER NEWS
LCG UK Boosts Revenue by 25% while Net Loss Shoots by 30% in 2022
London Capital Group Limited is a victim of the troubled FlowBank, but its board is working to see profitability in 2024. The company reported a notable revenue increase in 2022, but the net loss escalated by 30%. LCG Net Loss Deepens in 2022 The FlowBank-owned London Capital Group
Tradu Chooses Crossover Crypto ECN Before Its Launch
Plus500 Expands in the US with FIA Membership
Saxo Unveils New Investment Fund for UK Retail Traders
CMC Markets Records H1 Loss, Trading Revenue Dips by 32%
eToro Ends Rugby Australia Sponsorship, Signs Deal with APL
Exness Sets New Record: $4.8 Trillion Trading Volume
Currency Shifts and Employment Reports: Key Market Drivers
Quick Look: UK Elections Impact: Stirring currency markets; GBP-related pairs are volatile. USD Weakness: Significant fall affecting gold and silver prices; CHF also dips. Gold and Silver Analysis: Mixed signals on charts; bearish trends forming. CHFJPY Strategy: Potential long opportunity; wait for confirmation. Upcoming Reports: NFP and Canadian employment figures to
US Dollar Rises Despite ISM PMI Drop to 48.5
Quick Look: The USD rises despite weaker ISM manufacturing data, showing strength in the DXY index. Markets await the June jobs report, which is crucial for the Federal Reserve’s future policy decisions. US elections impact market dynamics, with a potential Trump presidency seen as positive for the USD. The DXY index
Currency Markets Surge: Yen at 161.94, Euro at 1.0761
Quick Look: Currency’s Historic Drop: On July 2, 2023, the yen hit lows of 161.94 against the US dollar and 173.80 against the euro, driven by expectations of a dovish stance from Japan’s central bank. US Dollar Fluctuations: Dovish comments from Fed Chair Powell caused the dollar index to slip to
USD/JPY Dips 0.03% to 160.77 Near 38-Year Highs
Quick Look: USD/JPY dipped 0.03% to 160.77, staying near multi-year highs with a target of 161.00. Resistance at 161.00, 162.00, 164.87, and 178.00; support at 159.01, 158.75, 158.36, and 157.70. Japanese intervention has limited effect; traders remain bullish despite warnings. The USD/JPY pair experienced minimal losses, dipping slightly by 0.03% to
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