The recent escalation in geopolitical tensions in the Middle East has been a significant factor contributing to the increase in West Texas Intermediate (WTI) crude oil prices. The assassination of Hamas leader Ismail Haniyeh in Tehran, which both Iranian officials and Hamas have attributed to Israel, has raised concerns about potential retaliation and further instability
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DSYNC Destra Network Token is undergoing a complex corrective structure as per the Elliot Wave analysis. The token reached a high of $0.5 in March 2024, marking the first rally from the lows as a wave ((1)). However, it then started a corrective decline unfolding as a Double Three structure, resulting in an 82% loss
The EUR/GBP cross has been gaining ground, reaching approximately 0.8450 during the early European session, with a 0.35% increase on the day. There are mixed expectations regarding a potential rate cut by the Bank of England, which has led to uncertainty in the market. Eurozone Inflation Data The recent rise in Eurozone inflation has sparked
The Federal Reserve (Fed) plays a crucial role in shaping monetary policy in the United States with the aim of achieving price stability and fostering full employment. One of its primary tools to achieve these goals is by adjusting interest rates. When inflation rises above the Fed’s target of 2%, it responds by increasing interest
The flash estimate for HICP inflation in July has shown an unexpected but slight increase in headline inflation. The rate climbed to 2.6% from 2.5% in June, contrary to projections. Core inflation, on the other hand, remained stable at 2.9%, despite forecasts indicating a decrease to 2.7%. The data highlights the complexity and volatility of
In Wednesday’s Asian session, NZD/USD was seen trading on a stronger note around 0.5915, showing a 0.17% increase for the day. This uptrend was attributed to the better-than-expected Chinese Manufacturing PMI data for July, which provided support to the New Zealand Dollar (NZD) due to China being a major trading partner of New Zealand. Impact
The Australian Dollar (AUD) has experienced a decline of around 3.5% against the US Dollar (USD) since July 12, positioning it as one of the weaker G-10 currencies in recent times. This depreciation can be attributed to a couple of key factors that have a direct effect on Australia, according to Commerzbank’s FX analyst Volkmar
The upcoming release of the Job Openings and Labor Turnover Survey (JOLTS) data by the US Bureau of Labor Statistics (BLS) will be a crucial component for investors to gauge the health of the US labor market. The JOLTS data provides valuable insights into the supply-demand dynamics within the labor market, influencing factors such as
When delving into the world of investing in open markets, it is crucial to proceed with caution. The information provided on various platforms, including this page, contains forward-looking statements that come with inherent risks and uncertainties. It is essential to understand that any market or instrument profiled on these pages should serve purely as informational
The Australian dollar got off to a slow start at the beginning of the week, facing downward pressure amid worries about the country’s economic health. Despite speculation about a potential rate increase by the Reserve Bank of Australia (RBA), ongoing issues in the local economy and economic challenges in China are hampering any significant upward
The stock market saw a rebound on Friday, with the S&P 500 index closing 1.11% higher. However, it is essential to note that it closed well below the daily high of 5,488.32, which indicates consolidation rather than a significant change in the short-term trend. The market may attempt to reverse the downtrend today, as the
The New Zealand Dollar (NZD) is expected to continue range trading with the range likely to be between 0.5875 and 0.5920. Analysts at UOB Group, Quek Ser Leang and Peter Chia, have noted that despite the possibility of further weakness in the NZD, the severely oversold conditions suggest limited downside potential. The key level to