Paris Bans Floating Electric Scooters: A Win for Some, a Loss for Others Paris will on Friday become the first European capital to ban floating electric scooters from its streets, leaving fans desolate but relieving those who loathed their “nuisance” factor. Residents voted by almost 90 percent in an April referendum to ban the scooters…
USD/CAD Holds Ground Near 1.3600 Amidst Market Volatility Optimism Ahead of Economic Data Releases The USD/CAD pair is holding steady near the 1.3600 level as it continues its winning streak in the early hours of the European session on Monday. This stability comes amidst downward pressure on the pair due to the retreating US Dollar…
The Impact of Federal Reserve Interest Rate Hikes on USD/CHF Pair Finding Support near 0.8820 The USD/CHF pair recently found support near 0.8820 after undergoing a correction. This support came as the chances of one more interest rate hike by the Federal Reserve (Fed) deepened. Many traders and analysts believe that this support could lead…
USD/JPY Bulls Take a Breather Running out of Steam It seems the USD/JPY bulls are finally starting to catch their breath after a strong run, as the Yen pair prints its first daily loss in three days around 146.30. Despite lacking downside momentum, the risk-barometer pair is struggling to cheer the China-inspired risk-on mood amid…
Unveiling the Mystery Behind Jamshid Sharmahd’s Sentencing in Iran An Analysis of the Recent Developments In a recent turn of events, the news of Iranian-German national Jamshid Sharmahd’s sentencing to death in Iran has sent shockwaves across the international community. The United States finds itself at the center of this controversy, with Tehran’s foreign ministry…
Russian FSB Charges Former US Consulate Employee with Espionage Details of the Case According to state news agency TASS, Russia’s FSB security service has charged a former employee of the United States consulate in the Russian Far East with collecting information on the war in Ukraine and other issues for Washington. The ex-employee allegedly relayed…
USD/CAD retreats from three-month high The USD/CAD pair has retreated from its highest level in three months, currently trading around 1.3595-90 in early Monday morning trading in Europe. The Loonie pair is benefiting from the US Dollar’s pullback, while also shrugging off the softer prices of Canada’s main export item, WTI crude oil. The market…
Terry Gou Enters Taiwan Presidential Race TERRY GOU’S DECISION Terry Gou, the billionaire founder of major Apple Inc supplier Foxconn, announced on Monday that he is entering the race to be Taiwan’s next president as an independent candidate in the 2024 elections. This decision marks his second attempt at a presidential bid, after dropping out…
