The EUR/USD pair has been fluctuating recently, with the Euro gaining ground around 1.0875 despite the recovery of the US Dollar. The upcoming decision from the European Central Bank (ECB) regarding interest rates is expected to play a significant role in shaping the future direction of the currency pair. Additionally, speculation about potential rate cuts
In a recent development, financial technology startup Nium has successfully raised $50 million in new funds from investors. This funding round was led by an undisclosed Southeast Asian sovereign wealth fund and supported by prominent venture capital firms such as BOND, NewView Capital, and Tribe Capital. With this influx of capital, Nium’s valuation has been
The EUR/USD pair has attracted fresh buyers on Wednesday, benefiting from a modest downtick in the US Dollar. The pair has built on an overnight bounce from the 1.0860-1.0855 region, trading just below the 1.0900 mark during the Asian session. This level remains within striking distance of the highest level since March 21, reached on
The technical blog provides an analysis of the past performance of the 1-hour Elliott Wave Charts of GBPAUD. It highlights a trading opportunity that arose from a corrective sequence in the rally from the 09 May 2024 low. The blog emphasizes the importance of identifying key areas for potential buying opportunities rather than selling. The
Emerging markets currencies continue to face challenges in the current global economic landscape, with the U.S. Federal Reserve maintaining interest rates and recent pivotal national election results impacting their performance. In a recent Reuters poll of currency analysts, it was forecasted that these currencies will either weaken or remain within certain ranges over the next
In the world of forex trading, a multitude of factors can influence the movement of currency pairs. One such factor is economic data releases, which provide insight into the health of a country’s economy and can impact investor sentiment. One currency pair that is particularly sensitive to economic data is the Australian Dollar/US Dollar (AUD/USD)
In a significant move, buyout firm Apollo Global Management has announced its acquisition of a 49% equity interest in Intel’s manufacturing facility located in Ireland. The deal, valued at $11 billion, marks a strategic partnership between the two companies. This acquisition will provide Apollo with a stake in the Fab 34 facility in Leixlip, Ireland,
Over the course of almost five years, Keith Gill, also known as “DeepF——Value” on Reddit and “Roaring Kitty” on YouTube, turned a $53,000 bet on GameStop into a staggering net worth of over $289 million. Gill’s ability to influence the stock price of GameStop simply by sharing cryptic messages online has gained him a significant
The USD/JPY pair experienced a pullback as a result of a risk-off market sentiment that generated safe-haven demand, benefiting the Japanese Yen. This shift in market dynamics put downward pressure on the pair, pushing it towards the 155.00 barrier. Rumors circulating that the Bank of Japan (BoJ) is considering reducing its bond purchases further supported
The relationship between exchange rate fluctuations and monetary policy has always been a subject of debate among economists and policymakers. Recently, Bank of Japan Deputy Governor Ryozo Himino highlighted the need for vigilance regarding the impact of the yen’s moves on the economy. This brings to light the complexities involved in considering exchange rates when
The recent publication of PMI Manufacturing indices for various countries has had a significant impact on the forex market. Particularly, the news was disappointing for the US, as the actual PMI values fell short of expectations. This led to a weakening of the US dollar, as the lackluster manufacturing activity data fueled speculations about potential
The recent OPEC+ meeting held over the weekend had minimal impact on the price of crude oil, with WTI oil opening at $76.72 per barrel on Monday, only slightly higher than the closing price of $76.57 on Friday. This indicates a lack of clear direction resulting from the decisions made by oil producers. On one