GBP/USD on the Rise: IMF Supports UK Growth Forecasts, Hawkish BOE Boosts Confidence, Eyes on Fed Overview GBP/USD bulls take a breather around 1.2900 during early Wednesday morning in Asia, reversing from a two-month low, as well as snapping a seven-day-long losing streak, amid the broad US Dollar pullback. Apart from that, the International Monetary…
Understanding the Topsy-Turvy Moves of the USD/JPY Pair Current Market Situation The USD/JPY pair is currently experiencing turbulent movements below the key resistance level of 140.00 during the London trading session. Investors are closely monitoring the price action as they await crucial decisions on interest rates from both the Federal Reserve (Fed) and the Bank…
Gold Price Shows Strength as it Defends Crucial Support Level Price of Gold (XAU/USD) Rises After Bouncing Off Key Support The price of gold has shown strength in recent trading sessions after confidently defending the crucial support level of $1,950.00 on Monday. This recovery move in the precious metal comes as a relief to investors…
Bulls Take a Breather as EUR/USD Declines Market Analysis The EUR/USD pair has recently taken a breather after experiencing the biggest weekly jump since November 2022. The pair declined to 1.1220 during Monday’s Asian session, following cues from US data released on Friday and weekend headlines regarding US-China relations. This consolidation of previous weekly gains…
Syrians Fear Assad’s Chokehold on Aid in Rebel-Held Northwest The Struggle for Humanitarian Assistance As Syrians who have fled President Bashar al-Assad’s oppressive rule continue to struggle for survival in the rebel-held northwest, they face a new threat – the possibility of aid being cut off by the regime. The recent actions taken by Damascus…
Breaking News: BlackRock Launches Revolutionary ETF Models for Canadian Market TORONTO, July 14, 2023 (GLOBE NEWSWIRE) — Today, BlackRock brings five new model portfolios constructed using exchange traded funds (“ETFs”) to Canada to further support Canadian advisors. The iShares Strategic Allocation ETF Models (collectively the “iShares ETF Models”) provide access to highly diversified portfolios of…
Greece Closes Acropolis Due to Heatwave By Deborah Kyvrikosaios and Liliana Salgado ATHENS/PHOENIX (Reuters) – Greece closed the ancient Acropolis during the hottest part of the day on Friday to protect tourists as southern Europe suffered in a fierce heatwave, while more than 100 million Americans also faced a prolonged spell of sweltering weather. The…
UNBS To Seize 5 Consignments of Foodstuffs Destined To S. Sudan For Failure To Pass Aflatoxin Test Background Uganda National Bureau of Standards (UNBS), Executive Director, David Livingstone Ebiru, has confirmed that four out of eight maize grain consignments, which was destined to South Sudan tested positive with the highest level of Aflatoxins, which renders…
