Quick Look ICE Brent and NYMEX WTI futures opened lower in Asian trading amid inflation concerns and geopolitical events. US inflation figures dampen expectations for Federal Reserve rate cuts, with significant revisions to the rate cut outlook for 2024. There are divergent views on oil demand, with the IEA forecasting a slowdown and OPEC predicting …
Oil Prices Wobble: Inflation Fears & Geopolitical Sparks Read More »
Quick Look US Dollar Index drops 0.4% ahead of key economic data releases. Retail Sales in the US declined by 0.8%; Initial Jobless Claims slightly improved. UK Retail Sales see a surprising 3.4% increase in January. Central banks in Japan and New Zealand reiterate monetary policy stances. Significant currency movements were observed across major pairs; …
Forex Update: Dollar Dips 0.4%, Gold Soars Past $2000 Read More »
Quick Look The EU bank crisis fund has now reached its target of €78 billion, ceasing yearly bank contributions. Initially bolstered by €68 billion of public funds pending Italy’s approval, the total capacity hits €145 billion. Despite the fund’s growth, concerns linger over its adequacy for major bank crises. Therefore referencing past financial rescues like …
€145B EU Crisis Fund Ready Amid New Banking Risks Read More »
The Forex market is the largest financial market in the world. People from all over the world are interested in the Forex market. However, they are also interested in cryptocurrencies. Unsurprisingly, they want to gather more information about forex brokers that accept Bitcoin. The intersection of forex brokers and cryptocurrencies represents a significant evolution in …
Quick Look Eurozone inflation declines slightly to 2.8%, with core inflation at 3.3%. Eurozone GDP growth is forecasted at 0.4% for 2024, with a historically low unemployment rate of 6.4%. The ECB may cut rates by 25 basis points in June, eyeing a cautious monetary easing. The US continues to show strong GDP and job …
Eurozone Inflation Hits 2.8%, GDP Growth at 0.4% Read More »
At A Glance USD struggles to gain momentum, with the DXY index slightly above 104.00. Upcoming Goods Trade Balance data and a 10-year note auction could influence USD’s trajectory. Federal Reserve officials’ speeches are eagerly awaited for hints on future monetary policy. The USD shows weakness against major currencies amidst a positive shift in market …
Quick Look The Euro falls against the USD amid global currency shifts. Central bank policies, including potential ECB rate cuts, shape market dynamics. Economic indicators present mixed signals for the Eurozone and the US. Tuesday’s trading session saw the Euro decline significantly against the US dollar, underscoring the dollar’s dominance in the foreign exchange market. …
Euro Plunges: Central Bank Shifts Spark Market Turmoil Read More »
Quantitative Tightening, Inflation, and the Soft Landing: Key Highlights from the Federal Reserve’s Actions Lately, the decisions of the Federal Reserve have been coming off as something causing intense scrutiny and anticipation. Surely, the central bank’s policies have a profound effect on the state of the US economy. Therefore, they are closely watched by financial …
Federal Reserve’s Steady Course: US Economy Insights Read More »
EUR/USD Intraday Bias Remains Neutral The EUR/USD currency pair is currently navigating a landscape fraught with uncertainty, maintaining a neutral intraday bias. Market analysts are closely monitoring the pair as it grapples with various factors affecting its trajectory. Technical Analysis Highlights Potential Bearish Trend In technical analysis, the EUR/USD pair is signalling bearish momentum. The …
EUR/USD Faces Market Uncertainty Amid Economic Factors Read More »
Key Points: Oil prices slid due to geopolitical tensions and looming demand concerns Gold demand reached record highs in 2023 due to central bank purchases and anticipation of interest rate cuts Industrial metal prices faced headwinds due to China’s manufacturing sector contraction and the strength of the US dollar Nickel market challenges led to the …
2023 Commodity Trends: Oil Drops by $1.97, Gold Surges 3% Read More »
Key Points: Bitcoin fell 2.2% to $42,701 following the Federal Reserve’s decision to maintain current interest rates. The Federal Open Market Committee held the federal funds rate at 5.25-5.50%, indicating economic caution. CoinShares’ James Butterfill notes Bitcoin’s increased response to interest rates is linked to traditional finance’s involvement in crypto via Bitcoin ETFs. Celsius exits …
Eurozone Fails to Break Stagnation Despite Hopes for a Rebound Europe’s economic woes continue as the Eurozone experiences zero growth in the last quarter of 2023, prolonging its struggle for over a year. The stagnant performance is attributed to various factors, including elevated energy prices, increased credit costs, and a downturn in Germany, a former …
Subdued Futures Reflect Tech Giants’ Performance In the aftermath of tech juggernauts Alphabet and Microsoft revealing their quarterly results, Nasdaq 100 futures witnessed a decline of 0.8% during Tuesday night trading. Simultaneously, futures linked to the S&P 500 slid by 0.4%, while the Dow Jones Industrial Average stocks hovered near the flatline. The pullback in …
Tech Earnings Impact Nasdaq Futures Ahead of Fed Verdict Read More »
The Eurozone’s economic landscape in the final quarter of 2023 resembles a finely woven tapestry, intricately depicting a narrative of contrasts and challenges. The collective output of the 20 economies sharing the euro stagnated. However, the region narrowly avoided a recession, demonstrating resilience amidst economic headwinds. Eurozone Contrasting Economic Fortunes Significant impediments emerged in the …
Eurozone’s Economic Dance: Contrasts, Resilience, and Recession Read More »
Federal Reserve’s Policy Meeting Sparks Investor Caution In the early hours of the European session, the U.S. dollar remained stable within a narrow range as global investors adopted a cautious stance ahead of the Federal Reserve’s two-day policy meeting. The Dollar Index, which measures the greenback’s performance against a basket of currencies, edged 0.1% lower …
Market Caution: Dollar Steady in Currency Markets Read More »
WhoIs Best Broker is leading Forex and Economy news Website. We provide you with the latest news and videos straight from the Financial Industry..
