GBP/USD Price Forecast: Pound Resilient Ahead of Fed
GBP/USD is relatively muted against its more macro influenced counterparts this week as the pair prepares for the Fed tomorrow. Pound continues to hover around 1.25. Read More
Euro Area Core Inflation Retreats as YoY Print Accelerates, EUR/USD Lower
Euro Area annual inflation rate ticked higher April missing estimates by 0.1% as the Core print ticked lower. Following the data and the ECB Bank Lending Survey, is a 25bps hike from the ECB now a certainty on Thursday? Read More
Euro Area Core Inflation Retreats as YoY Print Accelerates, EUR/USD Lower
Euro Area annual inflation rate ticked higher April missing estimates by 0.1% as the Core print ticked lower. Following the data and the ECB Bank Lending Survey, is a 25bps hike from the ECB now a certainty on Thursday? Read More
Japanese Yen Price Action Update: EUR/JPY, USD/JPY. AUD/JPY
Concern around diverging Central Bank policies and improving sentiment sees the Euro hit 15-year high to the Yen. Where to next for Yen pairs? Read More
Rakuten Securities Ends Q4 FY23 with a 123% Income Uptick
Rakuten Securities, a part of the Japanese conglomerate Rakuten Group, released its results for the three months between January and March, reporting yearly growth across all major parameters. It closed the quarter with a net income of over JPY 3.8 billion, a year-over-year increase of 123 percent. Rakuten Securities Posts Solid Figures In addition, the official results revealed the operating […]
CySEC Withdraws CIF License of FX/CFDs Broker, Trilt
In the latest case of license withdrawal in Cyprus, forex and CFDs brokerage firm, Trilt, has “expressly renounced” its license, causing the Cyprus Securities and Exchange Commission (CySEC) to withdraw its Cyprus Investment Firm (CIF) authorization. The Cypriot watchdog announced the withdrawal on Friday, noting that it reached the decision earlier on March 20th.Trilt Jumps on License Withdrawal Train Trilt […]
Crude Oil Slips on Soft Data Ahead of Fed and ECB Decisions. Where to for WTI?
The crude oil price gave up some of Friday’s gain to start the week after Chinese PMI data missed forecasts and several markets are closed for holidays. Will crude resume the recovery? Read More
Breaking: JPMorgan Chase Buys First Republic Bank
Before the markets opened on Monday, the California regulator seized control over the collapsed First Republic Bank and sold its assets to JPMorgan Chase. The sale prevented any further distress to the American banking industry.“The DFPI (California Department of Financial Protection and Innovation) appointed the Federal Deposit Insurance Corporation (FDIC) as receiver of First Republic Bank,” a regulatory announcement stated. […]
Gold Prices Turn Lower as US Economic Data Weakens Case for Fed Pause
Gold prices retreat as U.S. ISM manufacturing data weakens the case for a Fed pause, triggering a sharp rally in U.S. Treasury yields. Read More
USD/JPY Goes Ballistic, Pulverizes Key Fib Resistance, S&P 500 Wavers at 4,200
USD/JPY breaks above confluence resistance on Monday, bolstered by higher U.S. yields. Meanwhile, the S&P 500 struggles at the 4,200 level, with bulls and bears battling for control of the market. Read More