Forex News

Increasing Demand for Technical Textiles in Various Industries Wilmington, Delaware, United States, Oct. 18, 2023 (GLOBE NEWSWIRE) — The technical textiles market has been experiencing significant growth in recent years, with a market size of US$ 180.9 billion in 2020 and is expected to reach US$ 350.6 billion by 2031. This growth can be attributed…

The Continuous Expansion of Pharmaceutical and Chemical Industries: Adoption of Sodium Methoxide on the Rise Rockville, Oct. 18, 2023 (GLOBE NEWSWIRE) – A recently published research report by Fact.MR, a market research and competitive intelligence provider, asserts that the global sodium methoxide market stands at US$ 217.3 million in 2023. Further, worldwide sales of these…

Nomura Boosts China’s 2023 GDP Growth Forecast: A Positive Outlook for the Future Embracing Hope for China’s Economic Growth It’s always refreshing to hear positive news amidst the chaos of uncertainty. Nomura, a renowned financial institution, has recently announced an upward revision in their forecast for China’s GDP growth in 2023. This optimistic outlook predicts…

USD/CHF Technical Analysis: A Critical Moment for the Pair – Will it Make or Break? Introduction The recent events in the US have had a significant impact on the USD/CHF pair. With the Fed leaving interest rates unchanged and revising their macroeconomic projections, the market is closely watching for any signs of a potential breakout…

Market Update: Gold and Oil Prices Soar as Middle East Tensions Intensify Description The Middle East sees a re-escalation in geopolitical tensions following a tragic strike on a Gaza hospital, leading to a significant rise in both Oil and Gold prices. The effect of this development extends into the Asian session. However, risk aversion is…

Middle East Conflict Impacting Markets Introduction As we head into European trading, major currencies are holding steady while commodities are seeing significant fluctuations due to the ongoing violence in the Middle East. The Israel-Hamas conflict is intensifying, driving up prices of gold and oil as investors seek safe-haven assets. This week, gold is poised to…

NVIDIA Partners With Foxconn to Build Factories and Systems for the AI Industrial Revolution NVIDIA AI, DRIVE AV, Isaac Robotics and Omniverse Platforms Set Foundation for Foxconn AI and Robotics Systems SANTA CLARA, Calif., Oct. 17, 2023 (GLOBE NEWSWIRE) — NVIDIA today announced that it is collaborating with Hon Hai Technology Group (Foxconn) to accelerate…

Australia’s Westpac Index reports fourteenth month in red, despite marginal improvement. Australia’s economic outlook remains subdued as indicated by the Westpac Leading Index, which, though it rose slightly from -0.48% to -0.34% in September, continues to signal prolonged weak conditions. Fourteen successive months of subzero readings on the headline index growth rate project that the…