In what appears to be retaliation for an alleged act of help the CEO of MetaQuotes has given Russian oligarchs in moving funds out of Russia, the MetaTrader MT4 and MT5 platform has been removed from the Apple iOS store. Android users can still access the platform via mobile. To the shock of traders, Apple…
FOMC Press Conference JUNE 14, 2023
btc-usd chart after CPI in this picture
Twitter announced on Monday that payments to a whistleblower did not breach any obligations under Elon Musk’s proposed $44 billion acquisition of Twitter. It comes after Musk sent a third letter to try and call off the deal.
Stock market is facing a tumultuous ride as investors grapple with fears that the Federal Reserve’s tightening of monetary policy may lead the economy into a recession. Major indices, such as the Nasdaq Composite and the S&P 500, have experienced significant declines, with the former down 4% at its session low and the latter off…
The USD is currently the strongest out of all the major currencies, but the NZDUSD is the most volatile at the moment as risk-averse sentiment is causing that pair to sharply decline. The NZDUSD fell below a key support level at 0.60511 after stalling near a swing area between 0.6155 and 0.61664. The price came…
The GBP/USD currency pair has recently witnessed some noteworthy developments in its price action. While the team managed to break through certain technical levels, it encountered resistance at the crucial 61.8% Fibonacci level. This blog post delves into the current state of GBP/USD, the significance of the recent technical movements, and the implications for traders….
The GBP/USD is holding higher after the UK unemployment rate hit a 48-year low. This is good news for the British economy, as it indicates that more people are finding work and that businesses are doing well. The low unemployment rate is also likely to lead to higher wages and more consumer spending, which will…
The most interesting thing about the August economic data is that almost all analysts have similar estimates pinned. The headline reading is expected to soften while the core reading is expected to pick up even more. Simply put, if both are strong we’ll see the US dollar strengthen; if both are weak, we’ll see the…
Gold price (XAU/USD) has delivered a downside break of the consolidation formed in a narrow range of $1,720.89-1,723.08 in the Asian session. The precious metal is declining after printing a fresh two-week high around $1,735.00 on Monday. The gold prices are witnessing the heat amid lower consensus for US inflation. Investors should be aware of the fact…