Forex News
European Shares Bounce Back: A Rollercoaster Week of Wins and Woes!
Cheers to European indices bouncing back! What a rollercoaster of a week in the stock market Can we all raise a glass to the European indices for bouncing back in trading today? It’s like they decided to put on their big boy pants and show us what they’re made of. The German DAX, the France…
Revolutionizing UK Small Business Payments: Stripe and Sage Join Forces
US Payment Processing Platform Stripe Collaborates with UK-Based Software Firm Sage to Enhance Cash Flow Management The Partnership US payment processing platform Stripe is collaborating with Sage, a UK-based software firm, to enhance cash flow management and payment processing among small and medium businesses. By utilizing Stripe’s financial infrastructure, Sage seeks to offer its customers…
Tech Giants’ Earnings Fall Short: Wall Street Sees Red
Oh No, Not the Tech Stocks! What Happened in the US Stock Market? Well, it seems like the US stock market took a bit of a tumble on Wednesday. The megacap technology stocks like Google’s parent company, Alphabet, and electric vehicle maker Tesla didn’t quite meet expectations with their latest earnings reports. And just like…
Unlocking the Potential: Chart Patterns Suggest a Potential Rebound for Oil Prices at Key Support Level
Oil Price Reversal Ahead? Chart Patterns Indicate Possible Bounce at Support Introduction Oil prices have faced challenges recently, but buying pressure prevented a drop below $80. Technical indicators suggest potential for an upward bounce, with key resistance levels to watch. Fundamental factors like Canadian wildfires, US stockpiles, and rate cut expectations support oil prices. Technical…
ECB Consumer Survey: Inflation Expectations Remain Steady, But Economic Growth Outlook Deteriorates
The latest ECB Consumer Expectations Survey: A Mixed Bag of Results Stable Inflation Expectations The latest ECB Consumer Expectations Survey results revealed stable inflation expectations but a more negative outlook for economic growth. Median inflation expectations for the next 12 months remained unchanged at 2.8%, holding at their lowest level since September 2021. Similarly, inflation…
Get Ready for a Calm and Collected Day in Europe: What to Expect on the Calendar
Unpredictable Volatility in the USD/JPY Pair Light Changes in Dollar Pairs The changes among dollar pairs are relatively light, with USD/JPY continuing to stay in focus amid the volatility and swings. The pair dipped towards 152.00 in trading yesterday before recovering back to 153.70-80 levels currently. There were some light swings in Asia and one…
The RBNZ’s Comprehensive Guide for Members of its Monetary Policy Committee (MPC): Link to Full Text
The RBNZ’s Comprehensive Guide for Members of its Monetary Policy Committee (MPC): Link to Full Text Introduction The Reserve Bank of New Zealand has recently updated its Monetary Policy Handbook on the RBNZ website. This Handbook is intended to support the New Zealand public’s understanding of monetary policy and to assist new members of the…
Wall Street’s Wild Ride: GDP Data vs. Tech Mauling – A Tale of Market Mayhem!
Welcome to the Rollercoaster Ride of Wall Street! The Ups and Downs of Market Sentiment There’s never a dull moment on Wall Street, and Thursday was no exception. Investors were left scratching their heads as the main indexes were mixed, with some celebrating stronger-than-expected GDP data while others remained cautious after a brutal tech selloff…