Quick Look: MUFG predicts EUR/USD at 1.12 by March 2025; Barclays sees 1.05–1.06 this year. ECB cut rates by 25 basis points; EUR/USD fell from 1.09 to 1.08 after strong US job data. May non-farm payrolls rose by 272,000, unemployment was 4.0%, and average earnings were up 0.4%. Financial analysts’ opinions differ regarding the future …
Quick Look: UK inflation hits a 13-month low at 2.4%, unexpectedly driven down by lower airfares. Bank of England may delay rate hikes, with shifting odds now favouring a rise by August. Economic signs mixed, with factory costs up but pound strength and job market stability noted. In a surprising turn of events, British inflation …
UK Inflation Hits 13-Month Low at 2.4%, Unexpectedly Drops Read More »
Quick Look: GBP/USD fell over 100 pips, dropping below 1.2700 after the Bank of England’s dovish signals. Bank of England (BoE) maintains interest rates above 5% with a cautious outlook amid global uncertainties. UK inflation falls, offering BoE policy flexibility, while US durable goods orders show improvement. In the intricate world of forex trading, the …
GBP/USD Dives Below 1.27: BoE’s Dovish Shift Shakes Markets Read More »
The spectre of the UK economic crisis looms large as the nation grapples with the intricate fallout of its decision to leave the European Union. The most recent episode of the UK government delaying safety and health inspections on food imports from the European Union for the fifth time in three years starkly reflects the …
Hirose Financial UK Limited, a digital retail forex trading service provider, has experienced an impressive surge in its annual profit for the year ending on March 31, 2023. The firm’s profit, regulated by the UK Financial Conduct Authority, escalated by more than 400%, moving from £59,039 to £295,298. Quadrupled Profit for Hirose UK In the …
Hirose UK’s Earnings Spike by 400% in 2023 Despite Similar Turnover as 2021 Read More »
Trading 212 Limited has recorded a turnover of over £98.7 million in the UK and pre-tax profits amounting to £50.8 million in 2022, as per its filing with Companies House. It was a 5% increase from 2021’s revenue figure of £94 million. Meanwhile, other operating income reduced to £1.7 million £1.7 million from £4.5 million, …
Trading 212 UK’s 2022 Revenue Rise, But Profits Slip 9% Read More »
The dollar fell, and the Chinese yuan gained, while the euro rose after German inflation data suggested price pressures remained high. The New Zealand and Australian dollars were among the legatees of strong data from China, which beat expectations when the official manufacturing purchasing managers’ index rose to 52.7 last month from 50.2 in January. China’s …
The dollar takes a hit as chinese yuan gains strength Read More »
On Tuesday, the US dollar resumed its upward trend, reclaiming its first monthly increase since September with increased value against the pound and euro from the day before. The dollar index was flat at 104.63, still up 2.62% from February; its first monthly increase since September. Investors now expect federal funds to exceed 5.43% in …
An industry source close to OvalX (formerly ETX Capital) has disclosed that the FX and CFDs broker may be shutting down its operations. They’re initiating layoffs following its takeover by Swiss private equity firm Guru Capital. Reports have indicated that the company has begun to let go of its personnel. Unfortunately, they will still need …
OvalX (ETX Capital) Faces Uncertain Future as Layoffs Begin Read More »
FxPro UK Limited, the FCA-regulated subsidiary of the Cyprus-based group, published its financials for the fiscal year 2021, ending on December 31. The report showed that the broker’s revenue decreased 48 percent to £900,365 from more than £1.7 million in the previous fiscal year. With only £36,440 of other income, compared to the previous year’s …
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. AUDCHF Australia’s economic indicator is plagued by negative figures, igniting concern about the possibility of stagflation. In October, exports and imports both showed -0.3% results. Analysts warned that such an update could signal about …
The latest news showed that the Bank of England will be the first major bank to raise interest rates in the post-pandemic cycle. However, according to economists polled by Reuters, the first hike will now come until early next year. Like its peers, the Bank of England cut borrowing costs to a record low as …
Bank of England to raise interest rates to 0.25% Read More »
According to a closely watched business survey, severe shortages of workers and supplies have hardly hit Britain’s economy. Notably, economic growth in the United Kingdom has been dragged down to the weakest levels since COVID-19 pandemic restrictions were eased in March. Remarkably, the latest data from IHS Markit and the Chartered Institute of Procurement and …
The UK economic growth slows to weakest since March Read More »
China’s commerce ministry announced that the country has applied to enter the CPTPP (Comprehensive and Progressive Agreement for Trans-Pacific Partnership). Remarkably, the country looks to boost its clout in trade. The Chinese ministry, Damien O’Connor, reported that commerce Minister Wang Wentao submitted the country’s application to join the free trade agreement in a letter to …
China applies to enter a trans-Pacific trade deal Read More »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. GBPBRL Before the 2020 pandemic, international students generated 28.8 billion for the British economy. However, Brexit limits free movement between the other EU countries. According to Universities UK International and Higher Education Policy Institute, …
Daily Market Charts and Analysis September 09, 2021 Read More »
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