German Economy Slows in June as Businesses Encounter Weakening Demand Conditions
German Economy Slows in June as Businesses Encounter Weakening Demand Conditions The German economy experienced a marked loss of momentum during the latter part of the second quarter, according to the latest ‘flash’ PMI survey conducted by Hamburg Commercial Bank. Weakening demand conditions led to a significant slowdown in business activity growth, while company expectations […]
Yen Traders Monitor Verbal Intervention Possibilities as Weakness Persists
Yen Traders Monitor Verbal Intervention Possibilities as Weakness Persists Tokyo’s foreign exchange (FX) traders are keeping a close eye on official statements as the Japanese yen (JPY) continues to weaken, nearing levels that prompted government intervention last year to support the currency. On Friday, the yen traded beyond 143 per dollar, falling nearly 1% from […]
Dollar Exhibits Initial Indications of Bottoming
Dollar Exhibits Initial Indications of Bottoming Yesterday, several central banks, including the Bank of England, Norges Bank, Swiss National Bank, and the Central Bank of Turkey, took center stage as they grappled with higher-than-expected inflation. This inflation surge was partly due to a robust job market driving increased demand. Interestingly, even with more substantial interest […]
Top 5 Reasons to Invest in Forex Trading
Top 5 Reasons to Invest in Forex Trading The Forex market is the largest and most liquid financial market globally. It offers ample opportunities for investors to make significant returns on their investments. If you’re considering entering the world of Forex trading, here are the top five reasons why you should invest in this exciting […]