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– Undoubtedly, the recent arrest of Pavel Durov, the programmer, creator, and owner of the Telegram messenger, has become the event of the past few days. The billionaire was detained on 24 August at Le Bourget Airport in Paris, where he had arrived by private jet from Azerbaijan...
Market News
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Sergey Ershov, 27 August 2024, 16:56 #bitcoin, forex
The bitcoin exchange rate is rising on Monday – market participants continue to evaluate the news about the assassination attempt on Donald Trump that occurred on Saturday. According to CoinDesk, the current quote of the crypto asset is $62,603.50...
Market News
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KostiaForexMart, 16 July 2024, 16:09
The US Dollar continues to face pressure as weak labor market figures contribute to its further drop. The Federal Reserve's Semi-Annual Policy Report emphasizes the need for greater confidence before considering rate cuts, indicating a cautious approach to monetary policy...
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Philip Pankaj Suthagar, 5 July 2024, 19:08
EUR/USD continues to rise as Far Right struggles for absolute majority, with US NFP numbers in focus. Natural Gas extends losing streak post Netanyahu’s ceasefire action. USD facing struggles on multiple fronts, while CNY rates affected by PBOC's bonds borrowing announcement...
Market News
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Philip Pankaj Suthagar, 5 July 2024, 13:43 #forex
The currency markets are poised for some interesting movements in the coming days as key resistance levels and economic data come into focus. The NZD/USD is facing a major resistance at 0.6150, according to UOB Group, while the AUD/USD may surpass 0.6755...
Market News
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Philip Pankaj Suthagar, 5 July 2024, 11:12
The Australian Dollar is holding onto its gains as investors eagerly await the release of the US Non-Farm Payrolls report. This key economic indicator has the potential to move markets significantly, so traders will be watching closely for any surprises...
Market News
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Philip Pankaj Suthagar, 5 July 2024, 09:02
EUR/GBP continues to weaken below the key level of 0.8500 as a result of weaker German Industrial Production data and the recent victory of the Labour Party in the UK election. This has put pressure on the euro against the pound, with further downside potential in the near term...
Market News
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Philip Pankaj Suthagar, 5 July 2024, 08:32 #eur/gbp
The Pound Sterling saw a boost in value as exit polls predicted a landslide victory for the Labour Party in the UK general election. This news caused GBP/JPY to move away from its multi-year top and slide to the 205.00 neighborhood amid intervention fears...
Market News
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Philip Pankaj Suthagar, 5 July 2024, 05:44
The recent economic data releases have painted a mixed picture for the markets. Initial Jobless Claims in the US rose more than expected, signaling potential weakness in the labor market...
Market News
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Philip Pankaj Suthagar, 3 July 2024, 14:43 #Trading
The Australian Dollar continues to strengthen as solid economic data supports its gains. With Retail Sales rising more than expected in May, the currency is showing resilience in the face of global uncertainties...
Market News
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Philip Pankaj Suthagar, 3 July 2024, 04:23 #China
EUR/USD continues to be caught in chart churn as traders await Wednesday's HCOB PMIs and US ADP jobs figure. The currency pair is facing a lack of clear direction as it navigates through key economic data releases. Meanwhile, the Judo Bank Australian Services PMI has ticked higher to 51...
Gold may have taken a hit as Powell delivered dovish remarks, but the Mexican Peso was quick to capitalize on the weakening US Dollar. The GBP/JPY pair continues its upward momentum towards 205.00, fueled by extended declines in the Yen...
Market News
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Philip Pankaj Suthagar, 2 July 2024, 23:55 #Dow Jones, gold
The Australian Dollar showed resilience today, bouncing back after the release of RBA minutes and dovish comments from Powell. This recovery indicates potential strength in the AUD moving forward...
Market News
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Philip Pankaj Suthagar, 2 July 2024, 21:54 #Dow Jones
The US Dollar is facing struggles following Jerome Powell's comments on disinflation, despite positive JOLTs data. This uncertainty in the market is causing traders to turn towards safe-haven assets, with many adding back to their XAU/USD positions according to TDS...
Market News
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Philip Pankaj Suthagar, 2 July 2024, 19:52
The recent speeches by Fed Chairman Powell and ECB President Lagarde have shed some light on the current state of disinflation and progress towards reaching the 2% inflation target...
Market News
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Philip Pankaj Suthagar, 2 July 2024, 16:41
The ECB Forum in Sintra is set to be a pivotal event for traders this week, with both Fed Chair Powell and ECB President Lagarde taking center stage. The US Dollar has turned flat ahead of the US JOLTS numbers, but is showing signs of revival as the EUR/USD slumps to 1.0700...
Market News
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Philip Pankaj Suthagar, 2 July 2024, 15:32
Pound Sterling continues to struggle as investors remain cautious ahead of Fed Powell's speech, causing it to remain on the backfoot. Meanwhile, Gold remains rangebound despite its long-term prospects looking bullish, indicating a potential breakout in the near future...
Market News
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Philip Pankaj Suthagar, 2 July 2024, 13:09 #inflation
China's upcoming third plenum focusing on economic reforms is a key event to watch for potential market impact. The Pound Sterling has weakened amid caution ahead of Fed Powell's speech, indicating potential volatility in the currency markets...
Market News
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Philip Pankaj Suthagar, 2 July 2024, 12:07 #China, Trading
Eurozone inflation data came in as expected, with the Eurozone Preliminary HICP inflation falling to 2.5% YoY in June. This news has led to some volatility in the EUR/USD pair, with UOB Group forecasting a potential fall to 1.0680 if the pair breaks below 1.0710...
Market News
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Philip Pankaj Suthagar, 2 July 2024, 11:06 #inflation, Trading
The recent comments from Fed's Goolsbee regarding improved monthly inflation readings potentially leading the path to 2% have sparked some optimism in the market. However, the Japanese Yen continues to hover near 38-year fresh lows, indicating a strong bearish sentiment towards the currency...
Market News
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Philip Pankaj Suthagar, 2 July 2024, 10:04 #inflation, forex, Fed