-
May 31, 23 •
311 Views •
Forex News, Top News •
Zahir Shah
Comments Off on London stocks open lower as US debt deal faces opposition
London’s main stock index opened lower on Wednesday as investors awaited the outcome of a crucial vote in the US Congress on a deal to increase the debt ceiling and avoid a default. The FTSE 100 index fell 0.5%, or 35.65 points, to 7,486.42 in early...
-
May 27, 23 •
722 Views •
Forex News •
Zahir Shah
Comments Off on US Debt Ceiling: Biden and Mccarthy Near Deal as Default Looms
The debt ceiling is a limit imposed by the law on the federal government’s borrowing to pay its bills. It was raised to $31.4 trillion on December 16, 2021, but the Treasury Department has been using “extraordinary measures” to keep...
-
May 5, 23 •
561 Views •
Forex News, Top News •
Zahir Shah
Comments Off on ECB Raises Deposit Rate to 3.25%, Signals Two More Hikes
Rate Hike in Line with Expectations As expected by most traders and economists, the European Central Bank increased the policy rate by 0.25% to 3.25% on Thursday, following three previous hikes of 0.5% each. This is the highest level of rate since 2008. The...
-
May 3, 23 •
664 Views •
Forex News, Top News •
Zahir Shah
Comments Off on Stagflation Fears Stemming from Looming Economic Woes
Financial markets are caught in a tug-of-war between continued inflation and recession worries as they try to guess the Federal Reserve’s next move. This means that investors are potentially ignoring a much more dangerous outcome: stagflation. The...
-
May 1, 23 •
704 Views •
Forex News, Top News •
Zahir Shah
Comments Off on Bitcoin’s Longest Winning Streak since 2021: Analysts Predict Future Growth
Bitcoin closes April with gains. This marks the 4th month in a row of price increases. Longest streak since March 2021. On Sunday, March 30, the BTC coin climbed to $30,000, down from its peak of $31,000 on April 14. Bitcoin has plunged 77% from its record...
-
Mar 30, 23 •
2966 Views •
Forex News, Top News •
Zahir Shah
Comments Off on Risk Sentiment Improves as Banking Crisis Subsides
The US dollar edged higher on Thursday as easing worries about the banking sector lifted sentiment, and investors turned their attention to the Federal Reserve’s fight against inflation. The dollar index, which measures the exchange rate against six...
-
Mar 29, 23 •
2761 Views •
Forex News, Top News •
Zahir Shah
Comments Off on US Stocks Soar amid Improved Sentiment in Chinese Tech
Alibaba spurs rally in Hong Kong, UBS leads banks. European stocks rose alongside Asian stocks as the Hong Kong market fell sharply on Alibaba Group Holdings Ltd’s proposed reorganization, which bodes well for Chinese tech companies. US stock futures...
-
Mar 25, 23 •
1125 Views •
Forex News, Top News •
Zahir Shah
Comments Off on Forecast on Gold Price: Uptrend in Gold as Traders Buy the Dip
Traders buy when prices go down, pushing gold up. This is because the Initial data showed that fewer Americans are applying for unemployment benefits than experts had thought. This caused a drop. The gold has reached a daily high of $1,982 so far today. For...
-
Mar 23, 23 •
629 Views •
Forex News, Top News •
Zahir Shah
Comments Off on USD/JPY Price Outlook: Scenario Behind Trade Setups in Line of FOMC
After March 9, when it was found that SVB could be a problem for the banking system as a whole, investors turned to the Japanese yen as a safe currency. Here’s a quick look at how the yen has done against some of the world’s most important...
-
Mar 1, 23 •
8007 Views •
Forex News, Top News •
Zahir Shah
Comments Off on Forecast of Gold Price: Short-term Bounce at $1800 Psychological Level
Gold prices fell throughout the Asian trading session, reaching a low of approximately $1806.50 before the start of the European Open. Since then, there has been a negligible increase of approximately $6, and the current price of gold is 1812. Gold is still...
