Forex News

Quiet Summer Markets and the Typical Lull It hasn’t been a quiet summer for markets so far but the start of this week sort of embodies the typical summer lull that we have been accustomed to over the years. And we have an empty calendar day, more or less, to thank for that. Similar to…

Welcome to the Weekly Word! A Look Ahead at the Australian Dollar As we gear up for the week ahead, all eyes are on the Australian dollar (AUD) and its potential movements in the foreign exchange market. The latest snippet from the WPAC suggests that the AUD might find support from a likely very benign…

The Potential Impact of Mt. Gox Repayments Through Bitstamp On-chain Transactions and Creditor Repayments The defunct cryptocurrency exchange Mt. Gox is reportedly gearing up to repay its creditors through the Bitstamp exchange. Recent on-chain activities have indicated that test transactions are being executed, hinting at imminent large-scale repayments. Mt. Gox, which famously collapsed a decade…

Welcome to the Quirky Economics Blog! Bundesbank’s Latest Report: A Quirky Twist on Economic Trends Are You Feeling the Pinch of Rising Prices? So, Bundesbank has dropped the bombshell in their latest report – while the economy is perking up in some areas, inflation is becoming a real headache. If you’re like me, the words…

Welcome to today’s edition of Finance Fun Facts! Today’s Market Update: Hey there, fellow finance enthusiasts! It’s a brand new week, and the US stocks are off to a promising start with the NASDAQ index leading the charge. If you recall from last week, the NASDAQ had a bit of a rough time, recording its…

Fundamental Overview Bitcoin rallied strongly last week after a failed attempt to assassinate the former US President Trump. The market reacted positively to the event because he’s been a supporter of the crypto industry and Trump’s odds of winning the election soared. Last night, the price of Bitcoin dipped on the news that Biden dropped…

Copper Market Update Understanding the Recent Developments Last week, copper experienced a significant drop in prices due to soft Chinese economic data and an increase in inventories in global warehouses. This raised concerns about weak demand in the market. However, the People’s Bank of China (PBoC) surprised everyone by announcing rate cuts across key benchmarks….

Regaining Strength: A Fundamental Overview of the USD Monetary Policy and Market Expectations The USD regained some strength in the latter part of last week. From the monetary policy perspective, nothing has changed as the market continues to expect at least two rate cuts by the end of the year and sees some chances of…