Tag: currency
Platinum Price Moves Within Tight Range – Forecast for June 18, 2024
Jennifer -
Platinum Price Analysis The price of platinum has stabilized around the additional support level of $948.00, leading to a temporary positive rebound towards $975.00. However,...
GBP/JPY Postpones Decline – Forecast for June 18, 2024
Jennifer -
GBP/JPY Price Analysis The GBP/JPY pair encountered resistance at the 199.00 level, establishing new support against the correctional bearish wave. This led to a postponement...
EUR/JPY Provides Positive Signal – Forecast for June 18, 2024
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Expected Scenario The EUR/JPY pair has indicated a positive signal, confirming a bullish bias with a close above 168.90, settling near 169.30. This suggests the...
Dollar Inches Higher as Traders Eye Rate Cut Clues; Euro Stabilizes
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The dollar rose slightly on Tuesday as traders awaited U.S. retail sales data and comments from Federal Reserve officials, seeking clarity on the timing...
AnchorX Signs MOUs in Kazakhstan to Boost Cross-Border Belt and Road Trade
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AnchorX, a Hong Kong-based fintech company specializing in stablecoins, has signed two Memorandums of Understanding (MOUs) in Kazakhstan. This development occurred during its participation...
The yen fell after the Bank of Japan gave no hint of readiness to raise rates further in the coming months
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Market analyst Sam Coventry wrote that the yen fell after the Bank of Japan did not signal that it was ready to raise rates...
The size of US money market funds continues to hit a record high, is $7 trillion just around the corner?
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As the market expects that Federal Reserve policymakers are not in a hurry to ease monetary policy, US money market fund assets have risen...
Why is gold falling?
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Gold has long been considered a safe haven asset, a store of value that investors turn to in times of economic uncertainty and market...
Why Should You Invest in Altcoins?
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The cryptocurrency market has evolved significantly since the introduction of Bitcoin in 2009. Today, Bitcoin remains the most well-known and widely adopted cryptocurrency, but...
What is Meant by Spread in Forex Trading?
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Forex trading, or foreign exchange trading, involves the buying and selling of currencies on a global market. One of the key concepts that traders...
Which Currency is Mostly Used in the World?
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The global economy is an intricate web of financial transactions, trade agreements, and currency exchanges. Among the myriad currencies circulating today, one stands out...
GBPCHF Correctional Bearish Trend Persists – Forecast for June 14, 2024
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GBPCHF Price Analysis Amidst the prevailing market conditions, the GBPCHF price has succumbed to the resistance barrier at 1.7590 following a recent bullish rally. This...