WTI surpasses $86.40, eyes on US ISM Services PMI
WTI surpasses $86.40, eyes on US ISM Services PMI Presently, the price of a particular type of oil known as WTI stands at approximately $86.40 on this Wednesday. It was a bit higher at $88.00 previously, but it has dipped a little since then. The recent surge in the price of WTI can be attributed […]
S&P 500 Futures show cautiousness amid fluctuating yields
S&P 500 Futures show cautiousness amid fluctuating yields The market remains cautious on Wednesday as investors await the US ISM Services PMI. Concerns about China’s economy, fears of hawkish moves by the Federal Reserve, and Eurozone recession worries are likely contributing to the subdued risk appetite. S&P 500 Futures are slightly down following yesterday’s negative […]
Chinese Property Stocks Fail to Ease Growth Concerns, Bears Control Asian Stock Market
Chinese Property Stocks Fail to Ease Growth Concerns, Bears Control Asian Stock Market The Asian stock market is not doing so well today. Even though China’s property stocks are getting better, the overall situation is not great. People who trade stocks are being careful because they saw big losses yesterday. They are also waiting for […]
How to Trade Commodities Online with the Best CFDs Broker
How to Trade Commodities Online with the Best CFDs Broker In today’s fast-paced world, many people are exploring online trading, especially through a CFD trading platform. Consequently, if you’re interested in trading commodities, you’ll want to partner with the right CFD broker to increase your chances of success. This blog aims to provide a straightforward […]
China concerns cause European shares to hit one-week low; attention now turns to PMIs
China concerns cause European shares to hit one-week low; attention now turns to PMIs European stock markets took a bit of a tumble on Tuesday, dropping to their lowest point in a whole week. This was mostly because folks were getting worried about China’s economy not doing so great. See, if China’s economy isn’t doing […]
Japanese Households Reduce Spending Power Due to Inflation
Japanese Households Reduce Spending Power Due to Inflation Japanese families spent less money in July because prices kept going up, and it’s making it hard for people to afford things. This is putting pressure on the government to come up with new ways to help the economy. In July, people spent 2.7% less money than […]
EUR/USD Tests Key Support Level as Focus Shifts to ECB and Economic Data
EUR/USD Tests Key Support Level as Focus Shifts to ECB and Economic Data The EUR/USD currency pair is in a bit of a sticky situation. It’s currently hanging around the 1.0780 level, which is pretty important. It’s been at this level for about 5.5 months. Recently, there was a tiny bounce, but that excitement didn’t […]
Dollar Softens as Traders Doubt Further Fed Rate Rises
Dollar Softens as Traders Doubt Further Fed Rate Rises The dollar is not as strong as before because traders are not sure if the Federal Reserve will keep raising interest rates. Some data about jobs in the U.S. shows that things might be slowing down, which makes people think that the Fed might stop raising […]
Asia Stocks Hold Strong Amid Positive China and Country Garden News
Asia Stocks Hold Strong Amid Positive China and Country Garden News Asian stocks remain strong as positive news from China and Country Garden boosts investor confidence. Despite a slow start to the week in other markets, China’s support for its bullish market and the US Labor Day holiday allowing for a break in policy discussions […]
USD/JPY Surges Past 146.00, Awaits Japan GDP and US ISM Services PMI
USD/JPY Surges Past 146.00, Awaits Japan GDP and US ISM Services PMI USD/JPY is holding steady around 146.10-15 as we enter Monday’s European session, following a slow start to the week with Japan’s GDP numbers and the US ISM Services PMI in focus. The lack of action in the Yen pair can be attributed to […]
Differences Between Forex And Stocks
Differences Between Forex And Stocks When you want to put your money into something to make more money, you might think about two things: Forex (foreign exchange) and stocks. They’re both ways to try and make your money grow. But they work in different ways. In this blog, we’ll make it easy for you to […]
USD Index Holds Steady at 103.60 Ahead of Crucial US Data
USD Index Holds Steady at 103.60 Ahead of Crucial US Data The USD Index (DXY), a gauge of the US dollar’s strength against a basket of major currencies, maintained a relatively stable position around the 103.60 mark as the week drew to a close. This steadiness in the index follows a robust rebound on Thursday, […]
Japan Finance Minister Advocates Market-Driven Currency Rates
Japan Finance Minister Advocates Market-Driven Currency Rates Japan’s Finance Minister, Shunichi Suzuki, delivered a clear message on Friday, advocating for market-driven currency rates as essential for the nation’s economic stability. While expressing concerns about sudden and sharp currency fluctuations, Suzuki refrained from hinting at any immediate intervention measures to counter the weakening yen, even as […]
USD/CAD Hovers at 1.3510 Despite Oil Strength, Awaits US NFP and Canada GDP Data
USD/CAD Hovers at 1.3510 Despite Oil Strength, Awaits US NFP and Canada GDP Data The USD/CAD pair remains in a defensive stance around 1.3510, rebounding from its two-week low as it enters the European session on Friday. This resilience comes even as the pair fails to respond positively to the surging prices of Canada’s primary […]
Best Gold Trading Tips For Beginners
Best Gold Trading Tips For Beginners If you’re just starting out, gold trading can be both exciting and a way to make money. Gold has been seen as a safe choice to invest in for a really long time, attracting people who want to invest their money safely. If you’re new to trading gold, here […]
Mixed Performance in Asian Stock Markets Ahead of Key US PCE Data
Mixed Performance in Asian Stock Markets Ahead of Key US PCE Data Asian stock markets are giving mixed results on Thursday as investors eagerly wait for the PCE Price Index. This index is an important way to measure how prices for things are going up, and the Federal Reserve likes to watch it. The index […]
Japan’s July Factory Output Falls, Amplifying Manufacturer Pressures
Japan’s July Factory Output Falls, Amplifying Manufacturer Pressures Japan’s manufacturing sector encountered a larger-than-anticipated decline in factory output during July, marking a challenging beginning to the second half of the year. This slump is raising concerns for manufacturers, particularly in light of uncertainties regarding China’s growth trajectory and the global economic outlook. Data from the […]
GBP/USD Holds Near 1-Week High, USD Support, BoE and Fed Awaited
GBP/USD Holds Near 1-Week High, USD Support, BoE and Fed Awaited The GBP/USD pair is currently maintaining a stable position, having achieved progress over the course of the past three days. During the Asian session on Thursday, the pair exhibited a trading pattern characterized by subtle fluctuations, with its value hovering around 1.2720. This particular […]