Forex News
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The meme stock influencer Kieth Gill, better known online as Roaring Kitty or DeepFucking Value, opined on YouTube—carefully—on Friday about GameStop’s future as a company. It was his first livestream since 2021. “Do I have to be careful about what I saw here?” the influencer asked, while displaying a background of GameStop’s stock price on Yahoo Finance. ...
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Supreme Court Justice Clarence Thomas accepted millions of dollars’ worth of gifts over the past two decades on the bench, a total nearly 10 times the value of all gifts received by his fellow justices during the same time, according to a new analysis. Thomas received 103 gifts with a total value of more than $2.4 million between 2004 and 2023, the judicial ...
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A lot has happened to the economy since COVID struck, and reading the economic tea leaves has become more difficult. Many of the gains for many Australians in 2020 and 2021 were artificial and didn’t last. The COVID Supplement temporarily doubled JobSeeker, for example. JobKeeper paid workers what their employers could not. As these measures have been ...
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US consumer borrowing increased in April by less than forecast as credit-card balances declined for the first time in three years. Total credit rose $6.4 billion after a downwardly revised $1.1 billion decrease in March, according to Federal Reserve data released Friday. The median forecast in a Bloomberg survey of economists called for a $10 billion ...
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US CPI data and Fed to determine the dollar’s fate - Will the BoJ signal that another rate hike is looming? - Pound traders await UK employment and GDP numbers - RBA hike bets shrink ahead of AU jobs and China CPI data
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As widely announced, the ECB yesterday cut interest rates by 25bps. At the same time, there was no pre-commitment to further rate cuts. Looking at activity data, it looks like the European economy is on the mend after the energy price shock following the Russian invasion of Ukraine. The explosion in gas prices shut down much of the energy-intensive industry ...
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US CPI data and Fed to determine the dollar’s fate - Will the BoJ signal that another rate hike is looming? - Pound traders await UK employment and GDP numbers - RBA hike bets ...
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US consumer borrowing increased in April by less than forecast as credit-card balances declined for the first time in three years. Total credit rose $6.4 billion after a ...
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Total nonfarm payroll employment increased by 272,000 in May, and the unemployment rate changed little at 4.0 percent, the U.S. Bureau of Labor Statistics reported today. ...
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Today’s hot US jobs report has sparked a US dollar rally that could last all month. Watch today’s video to see how that could impact the DXY, EURUSD, GBPUSD, XAUUSD, and AUDCAD next week. The DXY broke below a significant level on Monday at 104.50. That’s the bottom of an ascending channel that has held all year for the dollar index. However, I gave several ...
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Main scenario: consider long positions from corrections above the level of 154.37 with a target of 161.50 – 167.00. Alternative scenario: breakout and consolidation below the level of 154.37 will allow the pair to continue declining to the levels of 151.68 – 146.44. Analysis: the ascending fifth wave of larger degree (5) of C continues forming on the daily ...
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Over the last few years, dozens of innovative Forex trading platforms have arisen in the investment market, presenting some serious competition for Metatrader platforms, which were previously industry standards. A rising market looking for such alternatives has been Indian and Pakistani traders; while they’re very familiar with the strengths of MT4 and MT5, ...