Telegram Nears 1 Billion Users Milestone
Quick Look: Telegram nears 1 billion users, signifying its global impact. Founder Pavel Durov emphasizes free speech and
GBP/USD Down 3.7%, Tests Key Support at 1.2430
Quick Look: GBP struggles at 1.2430 against USD, down 3.7% from March highs. CPI, retail data influence GBP/USD amid F
EUR/USD Eyes 1.0665 Amid Mixed Central Bank Signals
Quick Look: EUR/USD shows potential for a minor rebound, facing mixed market sentiments. Key support at 1.0600-1.0605, w
$4.2B Encore Wire Sale Faces Legal Scrutiny
Quick Look: Halper Sadeh LLC investigates the fairness of Encore Wire’s sale to Prysmian at $290/share. Concerns a
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BROKER NEWS
EUR/USD Struggles Below 1.08 Amid Bearish Signs
Quick Look: EUR/USD stays below 1.0800 as the pair trimmed its daily gains,
AUD/USD Edges Up 0.16% Amid Global Economic Signals
Quick Look: The AUD/USD pair currently nears 0.6525, with a 0.16% increase daily. Mixed signals from global economies, with the US PCE and Chinese PMI figures standing out. Federal Reserve’s Jerome Powell hints at potential rate cuts, stirring market expectations.
NZD/USD Dips below 0.6, US Grows at 3.4%
Quick Look: NZD/USD drops below 0.6000 due to a stronger USD and dovish comments from RBNZ. The US market grows faster than expected, with a Q4 annual rate increase of 3.4%. Fed Governor Christopher Waller advocates maintaining interest rates
Dollar Climbs as U.S. Markets Await Inflation Data
Quick Look: The dollar strengthens against major currencies before the crucial U.S. inflation announcement. Economic indicators point to robust U.S. growth, with a keen eye on the upcoming PCE data. Central banks signal varied stances as market participants speculate
Forex Markets: Dollar grapples ahead Fed minutes while gaining in Yen
The dollar struggles on facing its peers today, falling before the Federal Reserve’s (Feds) policy minute talk. However, it manages to gain on the yen when strong investor risk desires to rim the demand of the Japanese money. That
Currency Pairs: Yuan, Aussie Rise on Trade Hopes
CURRENCY PAIRS – Hopes over an imminent trade deal between the United States and China that could potentially end a year-long tit-for-tat tariff dispute pushed the yuan and the Australian dollar higher on Monday. Behind such optimism was a
Dollar Soars, Aussie Slips on Economic Report
CURRENCY PAIRS – The dollar climbed up to a near-record-high against other majors early on Wednesday thanks to higher US yields and estimate-topping data. The Aussie, on the other hand, plummeted after lackluster economic growth data for the previous
FX Market: Dollar Weakens on Soft US Economic Data
FX Market – Lackluster US economic data weakened the US dollar as it strengthened speculations that the Federal Reserve will cut rates in the year. Meanwhile, the British pound stayed near nine-month highs as market participants hope for a
BROKER NEWS
Admirals UK Achieves Profit Turnaround in 2023
Admirals (formerly known as Admiral Markets), based in the UK, ended 2023 on a high note by earning a net profit of over £46,000. It was a significant improvement from a nearly £291,000 loss the year before. The company’s revenue soared by 40% to £8.4 million. Despite higher administrative
CAPEX.com Aquires WiredMarket’s Client’s in Greece
eToro Signs Sponsorship Deal with Spanish Baskonia Club
FxPro Introduces Crypto CFDs to cTrader Platform.
CMC Markets Reports FY23 Earnings, 43% Profit Downturn
Plus500 Sponsors BSC Young Boys for 2 More Years
EUR/USD Struggles Below 1.08 Amid Bearish Signs
Quick Look: EUR/USD stays below 1.0800 as the pair trimmed its daily gains, remaining under the significant psychological level. Bearish indicators signal caution as the 14-day RSI and MACD divergence hint at potential downward pressure. Investors await the US ISM Manufacturing PMI and German CPI for further insights. In Monday’s trading session,
AUD/USD Edges Up 0.16% Amid Global Economic Signals
Quick Look: The AUD/USD pair currently nears 0.6525, with a 0.16% increase daily. Mixed signals from global economies, with the US PCE and Chinese PMI figures standing out. Federal Reserve’s Jerome Powell hints at potential rate cuts, stirring market expectations. The Australian to US Dollar (AUD/USD) exchange rate has shown notable movement.
NZD/USD Dips below 0.6, US Grows at 3.4%
Quick Look: NZD/USD drops below 0.6000 due to a stronger USD and dovish comments from RBNZ. The US market grows faster than expected, with a Q4 annual rate increase of 3.4%. Fed Governor Christopher Waller advocates maintaining interest rates longer, indicating a cautious approach. The financial landscape has been bustling with
Dollar Climbs as U.S. Markets Await Inflation Data
Quick Look: The dollar strengthens against major currencies before the crucial U.S. inflation announcement. Economic indicators point to robust U.S. growth, with a keen eye on the upcoming PCE data. Central banks signal varied stances as market participants speculate on interest rate movements. As anticipation builds ahead of the U.S. inflation
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