Forex News

WTI Oil Futures Soar to Three-Month Highs The Market Update WTI oil futures (July delivery) extended their series of higher highs up to $123.15 on Wednesday before easing a bit – the highest in three months. This surge in prices comes amidst ongoing supply concerns and geopolitical tensions in key oil-producing regions. Reasons Behind the…

So You Want to be a Professional Trader? What Exactly is a Professional Trader? Under ESMA regulation, a trader qualifies as a professional if they have a portfolio that exceeds €500,000 in cash deposits and investment instruments. That’s right, half a million euros! So if you’ve been dreaming of making it big in the trading…

Germany’s SPRIN-D Challenge: Exploring Breakthrough Ways to Remove Carbon From the Atmosphere The Carbon-to-Value Initiative Germany’s SPRIN-D challenge ‘Carbon-to-Value’ has recently granted five projects an initial €600,000 to explore breakthrough ways to remove large quantities of carbon from the atmosphere. This initiative is paving the way for innovative solutions that could potentially revolutionize the fight…

Welcome to our Daily Pivots Blog! What do Today’s Pivots Mean for GBP/JPY Traders? Hey traders, it’s time to take a look at the daily pivots for GBP/JPY and see how they are influencing the market today. With the support level at 167.28, the pivot point at 167.91, and the resistance level at 168.93, it’s…

VAALCO Energy Announces Recent Issuance Introduction: On June 9, 2022, VAALCO Energy, Inc. disclosed its issuance, showcasing their commitment to progress and growth. The Company, a prominent player in the energy industry, made a significant move that has sparked interest among investors and industry experts alike. Details of the Announcement: VAALCO Energy, Inc. (NYSE: EGY;…

IMF Japan Mission Chief Ranil Salgado Discusses Yen Movements Analysis of Yen Movements In a recent statement, IMF Japan mission chief Ranil Salgado commented on the recent movements of the Japanese Yen, stating that they “reflect fundamentals”. According to Salgado, there are both positive and negative effects in the yen’s depreciation. Positive Effects One of…

Westpac chief economist predicts RBA rate hike in July Early projections suggest interest rate increase Recently, Westpac chief economist Bill Evans made a bold prediction regarding the Reserve Bank of Australia’s (RBA) cash rate. Evans stated, “We think the RBA will have to lift the (cash) rate by another 50 basis points in July.” This…

Breaking News: Griffin Global Asset Management Secures Deal for Five Boeing 737-8 MAX Aircraft with Akasa Air DUBLIN, Ireland, June 09, 2022 (GLOBE NEWSWIRE) Exciting news has emerged in the aviation industry as Griffin Global Asset Management (“Griffin”) has finalized a significant deal with Akasa Air. The agreement involves the purchase and lease of five…