Introduction In the ever-changing world of foreign exchange markets, EUR/USD has been garnering attention as it shows resilience above crucial support levels. Traders and investors are closely monitoring the pair’s movements, which have held above the uptrend line from early June and near the 200-period moving average on the 4-hour
The Dollar Index, a crucial measure of the U.S. dollar’s performance against a basket of six major currencies, experienced a 0.1% drop, settling at 100.580 during the early hours of 02:55 ET (06:55 GMT). This decline comes on the heels of a 0.3% slide observed on Wednesday, raising concerns among
Introduction In the world of commodities trading, natural gas has been a closely watched asset due to its significance as a primary energy source. Recently, the natural gas market witnessed a day of negative price action, with prices experiencing a dip. However, analysts are optimistic about a potential near-term rebound,
Introduction In a remarkable show of strength, silver prices have surged for the third successive day, displaying robust follow-through positive traction on Thursday. During the early part of the European trading session, the white metal reached a fresh weekly high, positioned just above the psychological level of $25.00. Furthermore, the
Introduction The pre-market trading session on Wall Street has kicked off with significant gains across the major stock index futures. As of 04:42 a.m. ET, the Dow e-minis were up by 45 points (0.13%), S&P 500 e-minis surged 23.75 points (0.52%), while the Nasdaq 100 e-minis exhibited a remarkable rise
Introduction: Gold Price Gains Momentum After Fed’s Final Rate Hike In a notable turn of events, the gold price (XAU/USD) has experienced a robust recovery as investors anticipate the Federal Reserve’s decision on interest rates. On Wednesday, the Fed implemented its last interest rate increase for the year, raising rates
Introduction Surf Air Mobility Inc., an innovative regional air travel company with a vision to create sustainable connections between communities, revealed that the New York Stock Exchange (NYSE) has established a reference price of $20.00 per share for the anticipated listing of SAM’s Common Stock on Thursday, July 27, 2023.
Introduction The Federal Reserve is gearing up for a significant move in its ongoing efforts to curb surging inflation. On Wednesday, the central bank is expected to raise interest rates by a quarter of a percentage point, marking the 11th hike in the past 12 policy meetings. This latest increase,
Introduction Ethereum, the world’s second-largest cryptocurrency by market capitalization, is facing significant downward pressure as its price recently extended below the critical support level of $1,900. Similar to its counterpart, Bitcoin, ETH has entered a bearish zone, signaling potential challenges ahead for the entire cryptocurrency market. In this article, we
Introduction The Bank of Japan (BOJ) is facing mounting pressure to address the persistently high inflation levels in the country, prompting the International Monetary Fund’s (IMF) chief economist, Pierre-Olivier Gourinchas, to advocate for proactive measures. Ahead of the much-awaited BOJ meeting on Friday, Gourinchas has suggested that the central bank
China, one of the world’s economic powerhouses, has set a 5% growth target for the current year. This goal, initially perceived as attainable, is now drawing scrutiny from experts and analysts alike. The apparent ease in achieving this growth is attributed to favorable base effects resulting from one of China’s
Introduction Bitcoin, the world’s leading cryptocurrency, exhibited a relatively flat trading performance on Tuesday, with its price hovering slightly above the $29,000 mark. Investors and enthusiasts closely observed this trend as on-chain data indicated a notable movement of coins into cold storage by long-term holders. This article delves into the