Forex News

In case you missed the big news over the weekend in the US Former Pres. Trump rushed off stage after apparent shots fired Statement from Former Pres. Trump after assassination attempt Love him. Hate him. It is no excuse to want another person dead. Trump ended up just getting a graze on the ear by…

New Zealand Performance of Services Index for June 2024 A Disappointing Trend Continues The latest report on the Performance of Services Index (PSI) in New Zealand for June 2024 is out, and unfortunately, it’s not good news. According to BusiznessNZ, the index fell to 40.2, which is even lower than the already dismal May report….

Welcome to the World of Chinese Monetary Policy Understanding the Medium-term Lending Facility Rate If you’ve been keeping an eye on the financial news lately, you may have heard about the People’s Bank of China’s Medium-term Lending Facility (MLF) rate. This rate, which is set on the 15th of each month, currently stands at 2.5%….

The Possibility of a 2024 RBNZ Interest Rate Decrease is Increasing Introduction Recently, Westpac provided their outlook for the Reserve Bank of New Zealand (RBNZ), suggesting that there is an increasing possibility of an interest rate decrease in 2024. This comes after the RBNZ’s July OCR Review, which was less hawkish compared to May. The…

Start Your Week Right: A Guide to Monday Morning Forex Trading – Indicative Price Levels and USD Strength Description: A little bit of movement in forex markets in the VERY early morning here – it’s only just after 8 am in New Zealand. The movement is in response to the weekend news of a man…

The Dow Industrial Average Hits Record High: What Does This Mean? New Milestone Achieved The Dow Industrial Average reached an intraday high of 40,257, which would have been sufficient for a record close. The previous record close was set on May 17, when the index closed above 40,000 for the first time ever at 40,003.60….

The Foreign Exchange Market Today The GBPUSD, EURUSD, and USDJPY have all stretched to key targets today as the USD got hit. However, after reaching those targets, there has been some modest profit taking/selling/buying (dependent on the direction of the pair). The NZDUSD is also in that boat as it returned to the 200 bar…

Welcome to the CySEC Regulatory Sandbox! What is the CySEC Regulatory Sandbox? The Cyprus Securities and Exchange Commission (CySEC) has recently announced the launch of its Regulatory Sandbox, providing a platform for those involved in FinTech and RegTech to test their innovative ideas in a controlled environment. This exciting initiative is now open for applications,…