The Dollar Index has been gradually giving up positions over the past nine sessions, signaling a downtrend in the market. Despite the sustained pressure, the market has struggled to accelerate this decline or break through critical local levels. This lack of decisive movement has left individual currency pairs teetering on the edge, testing key levels
In a surprising turn of events, fintech giant Ant Group has reportedly outbid Citadel Securities for Credit Suisse’s investment bank venture in China. The bid made by Ant Group, a subsidiary of Alibaba Group, has created quite a buzz in the financial world. However, it remains uncertain whether Ant Group’s offer will ultimately be successful.
As the week begins, investors eagerly await the release of consumer confidence and durable goods orders data. These indicators are crucial in providing insights into the state of the economy. A decline in consumer confidence could signal a decrease in consumer spending, which might lead to bets on a rate cut by the Federal Reserve
Recent data from the Household Consumption Expenditure Survey in India has revealed a significant shift in consumer spending habits. The survey indicates that Indians are now allocating less of their budget towards essential food items such as rice and wheat, and more towards discretionary items like processed foods and durable goods. According to the survey,
The recent political crisis in West Africa has brought to light the limitations of the Economic Community of West African States (ECOWAS) in addressing democratic backsliding and military takeovers in the region. The chairman of ECOWAS, Nigerian President Bola Tinubu, has emphasized the need for a change in strategy to persuade junta-led countries to reconsider
Warren Buffett recently paid a touching tribute to his longtime business partner, Charlie Munger, in his annual letter. Munger, who passed away just a month shy of his 100th birthday, played a crucial role in shaping the success of Berkshire Hathaway. Let’s delve deeper into the profound impact Munger had on Buffett and the conglomerate
Before diving into the world of cryptocurrencies and CFDs, it is important to be cautious of the information provided on various websites. The content may include general news, personal analysis, and opinions, as well as information from third parties. While this information is intended for educational and research purposes, it should not be considered as
The German central bank, also known as the Bundesbank, faced significant challenges in 2023 as losses soared into the tens of billions. This unfortunate situation was primarily attributed to the impact of higher interest rates, causing the institution to exhaust its provisions in an attempt to balance its books. Consequently, the Bundesbank reported an annual
Reddit is making waves in the social media world as it prepares for its upcoming initial public offering (IPO). The company is set to debut on the NYSE under the ticker symbol “RDDT”, with expectations of becoming the largest social media IPO since Pinterest in 2019. One interesting aspect of Reddit’s IPO plan is its
The New Zealand dollar has been experiencing a rough patch, particularly due to the recent decline in retail sales. In the fourth quarter of 2023, retail sales in New Zealand fell by a significant 1.9% quarter-on-quarter. This marks the eighth consecutive quarter of decline in retail spending, signaling a concerning trend for the country’s economy.
The GBPUSD pair has recently bounced off the 200-day SMA, showing some signs of recovery. However, despite this rebound, the pair is still stuck within a short-term trading range. This indicates that there is a lack of strong directional momentum in the near future. Both the RSI and MACD indicators are showing weak momentum for
The AUD/USD pair is failing to hold onto its modest intraday gains as USD buying emerges in the market. The Federal Reserve’s hawkish outlook has led to elevated US bond yields, which is supporting the US dollar against other major currencies. Equity Markets Influence A minor pullback in the equity markets is further driving flows