Forex News

China’s Financial Tightrope: Spending Its Way Out of a Slump The Quirky Dilemma of China’s Economic Puzzle What’s Going on in the World’s Economic Powerhouse? So, I stumbled upon this fascinating read the other day. Apparently, China is in a bit of a pickle when it comes to its economy. Picture this: China is overflowing…

Major US Stock Indices Experience Sharp Decline Market Update Yesterday marked a significant downturn for major US stock indices, with the broader markets seeing their worst trading day since the end of 2022. The NASDAQ index registered its worst performance since November 2, 2022, closing down by 3.64%. Similarly, the S&P index had its worst…

Crude Oil Futures on the Rise Good News for Crude Oil Investors Crude oil futures are settling at $77.59, marking a 0.82% increase from the previous trading session. This positive movement comes after a four-day losing streak, bringing some relief to investors in the oil market. The rise was supported by inventory data that showed…

The world seems to be moving further and further away from the idea of ‘make love, not war.’ Conflicts continue to erupt everywhere, with no end in sight. Recently, the US Department of Defence has updated its Arctic strategy, as the Arctic is becoming a strategic area of competition between the world’s major powers. Experts…

Empowering Global Payments: ACI Worldwide and Worldpay Join Forces to Strengthen the Financial Backbone Description ACI Worldwide and Worldpay have extended their strategic partnership, aiming to enhance the robustness and efficiency of global payment processing. This collaboration leverages ACI’s cutting-edge, real-time payments software to bolster Worldpay’s capabilities, enabling them to process transactions seamlessly across various…

The Bank of Canada’s Latest Rate Decision The Bank of Canada today reduced its target for the overnight rate to 4¾%, with the Bank Rate at 4¾% and the deposit rate at 4¾%. The Bank is continuing its policy of balance sheet normalization. The global economy grew by about 3% in the first quarter of…

Welcome Miranti Rostian to the Scope Prime Team! Expansion of the Team Scope Prime, the Rostro Financial Group-owned institutional liquidity division, has expanded and strengthened its team further with the latest appointment of Miranti Rostian as Head of Southeast Asia. Rostian’s appointment was announced today, only a month after Scope Prime appointed Andrew Taylor as…

The USD’s Recent Rally: A Fundamental Overview Understanding the Current Market Trends The USD has been rallying steadily against the major currencies since last Wednesday, although it’s unclear what has been behind the move. From the monetary policy perspective, nothing has changed as the market continues to expect at least two rate cuts by the…