The Securities and Exchange Commission (SEC) of the Philippines has taken a firm stance against cryptocurrency exchange Binance. The regulatory body has instructed tech giants Google and Apple to remove Binance from their respective app stores. SEC Chairperson Emilio Aquino highlighted the potential risks posed to Filipino investors by allowing continued access to Binance sites
admin
Gold has experienced a significant pullback this week, dropping to $2300 per troy ounce. The decline since Friday has been over 3.7%, with the trigger being a less severe escalation in the Palestinian-Israeli conflict than initially anticipated. Despite the recent pullback, many analysts view this as a much-needed technical correction. There is a possibility that
As U.S. stocks gear up for a positive open on Tuesday, investors are closely monitoring the performance of mega-cap growth stocks and chip stocks. Companies like Meta Platforms, Microsoft, and Amazon.com have shown marginal gains in premarket trading, setting a positive tone for the market. Additionally, tech majors such as Tesla, scheduled to report their
The GBP/JPY cross has shown some positive movement in response to the release of the optimistic UK Services PMI. The flash UK Services PMI for April exceeded expectations, rising to 54.9 from the previous month’s final reading of 53.1. This news has given the British Pound (GBP) a boost, leading to an upward trend in
The AUD/USD pair has been on an upward trend for two consecutive days, reaching a one-week high near 0.6453. This positive movement follows a period of rapid decline and is supported by encouraging economic data from Australia. The latest manufacturing PMI report for April showed a significant increase to 49.9 points, up from 47.3 the
The Japanese Yen has seen some support from speculations about a potential government intervention in the markets. The possibility of Japanese authorities stepping in has provided a glimmer of hope for investors amidst the currency’s struggles. However, the widening gap in interest rates between the US and Japan continues to pose a significant challenge for
Gold prices recently experienced a downside correction from its recent high of $2,430. The price traded below a key bullish trend line with support at $2,375 on the 4-hour chart. This correction led to a breach of the 23.6% Fib retracement level of the previous upward move from $2,147 to $2,431. Additionally, the price is
Japanese Finance Minister Shunichi Suzuki recently made a statement regarding foreign exchange (FX) moves, emphasizing the government’s readiness to respond appropriately to excessive fluctuations in the market. He expressed a high sense of urgency in closely monitoring FX moves and highlighted the importance of addressing any issues promptly. Factors Influencing the Japanese Yen The Japanese
The U.S. Treasury yields are on the rise as investors eagerly await critical economic indicators to gain insights into the economy and determine the potential trajectory of interest rates. Specifically, the 10-year yield saw an increase of over two basis points to reach 4.6414%, while the 2-year yield followed a similar upward trend. With the
The Elliott Wave Analysis of Visa Inc. presented in the article provides insights into the daily and 4-hour chart movements of the stock. The analysis focuses on identifying the current phase as a corrective counter-trend phase with a ZigZag structure identified as Intermediate wave (4). The direction suggests a potential bottoming out in wave (4),
The once promising business prospects in China that Western financial firms eagerly pursued are now fading away. The economic uncertainty in China has caused many companies to rethink their expansion plans and talent recruitment strategies in the region. Firms like Fidelity International Ltd, Morgan Stanley, and Legal & General have started cutting China-focused jobs and
EURJPY is currently showing signs of upward movement, with the bulls gearing up to challenge the recent 165.34 high. Despite attempts by the bears to push the pair lower, the ascending trendline from December 7, 2023, has remained intact. The threat of intervention from Japanese officials, along with the upcoming BoJ meeting and dovish remarks
- « Previous Page
- 1
- 2
- 3
- 4
- …
- 64
- Next Page »