Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
WTI sets to close positively for third straight week on firm Fed rate-cut prospects
WTI looks all set to close on a bullish note for a straight third week. Firm Fed rate-cut prospects have improved Oil price appeal. Upside risks to the widening Middle East crisis have stemmed supply concerns. West Texas Intermediate (WTI), … [Continue reading]
United Kingdom Current Account below expectations (£-17.6B) in 1Q: Actual (£-20.995B)
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
US Election Debate: Trump says tariffs will decrease deficits and urges scrutiny of countries like China
The first US presidential debate between President Joe Biden and Republican Presidential Nominee Donald Trump began on CNN News. It is their first showdown of the 2024 election process. The first question asked was on the state of the … [Continue reading]
Mexican Peso slides as Banxico hold rates amid depreciation concerns
Mexican Peso declined after the Banxico decision to keep rates at 11.00%, hinting at possible future easing. Policymakers optimistic about ongoing disinflation, open to future rate adjustments. Despite positive Mexican economic indicators like lower … [Continue reading]
EUR/USD Forecast: Future price action hinges on US PCE
EUR/USD reclaimed the area beyond 1.0700. The US Dollar faced renewed downside pressure. Markets now look at the release of US PCE. The irruption of selling interest in the US Dollar (USD) prompted the USD Index (DXY) to give away part of the recent … [Continue reading]
Mexico Trade Balance s/a, $ climbed from previous $-2.578B to $0.971B in May
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
Sweden Riksbank Interest Rate Decision remains unchanged at 3.75%
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
WTI moves below $80.00 due to a surprise build on US crude stockpiles
WTI price loses ground as a surprise build on US crude stockpiles raised concerns about weakening demand. US EIA Crude Oil Stocks Change increased by 3.591 million barrels in the previous week, against an expected decline of 3.000 million barrels. US … [Continue reading]
Could profit-taking from FLOKI holders lower its price?
Trading bot that will burn FLOKI tokens announcement fails to impact its price. FLOKI's In-the-Money Addresses reveal a sharper correction may occur if the market continues its downward movement. FLOKI's Token Age Consumed shows long-term holders may … [Continue reading]