When it comes to making financial decisions, it is crucial to conduct your own due diligence. The content provided on various websites, including news, analysis, and opinions, may serve as a valuable resource, but it should not be considered as a recommendation or advice to take any action. It is essential to apply your own
The Japanese Yen (JPY) has seen a surge in buying pressure against the US Dollar as the Bank of Japan (BoJ) expressed possible intentions of raising interest rates in the near future. This increase in demand for the Yen has pushed the USD/JPY pair to a four-week low, hovering around the 148.00 level during the
The Bank of Canada (BoC) recently announced its decision to maintain the key overnight rate steady at 5%, disappointing borrowers hoping for a cut amidst high inflation. Governor Tiff Macklem expressed concerns about underlying inflation, stating that it was premature to consider a rate reduction. Despite expectations for a possible cut, Macklem emphasized the need
In a recent development, New York Community Bank received a much-needed boost with a $1 billion-plus injection announced by the bank. This injection involved a significant investment of $450 million from ex-Treasury Secretary Steven Mnuchin’s Liberty Strategic Capital, along with contributions from other private investors. This move has managed to calm concerns about the bank’s
The NZD/USD pair is showing slight gains near 0.6130 in the early Asian trading session. This slight uptrend can be attributed to Federal Reserve Chair Jerome Powell’s comments regarding the possibility of rate cuts later this year. The market is reacting to the uncertainty surrounding the timing and number of rate cuts that may be
The JOLTs Job Openings data for January and the ADP Employment Change report for February both revealed figures that fell short of expectations. This led to a negative impact on the US Dollar Index (DXY), causing it to experience losses. The JOLTs Job Openings for January came in at 8.863M, slightly below the expected 8.9M,
The Securities and Exchange Commission (SEC) recently approved a new rule that mandates certain U.S. companies to disclose their risks associated with climate change and their contribution to greenhouse gas emissions, by a narrow 3-2 vote. This new rule, spanning over 886 pages, sets a minimum standard for disclosure for publicly traded companies and aims
The International Monetary Fund (IMF) announced on Wednesday that it would be expanding its current loan programme with Egypt by an additional $5 billion. This move came as the Egyptian central bank decided to allow the Egyptian pound to plummet and declared that the currency would now be able to trade freely on the market.
When it comes to making financial decisions, it is crucial to conduct thorough due diligence checks. The content provided on various websites, including analysis, opinions, and third-party information, should not be solely relied upon to make investment decisions. Each individual should take the time to understand the risks involved, apply their discretion, and seek advice
During his congressional testimony, Federal Reserve Chair Jerome Powell’s remarks signaled that the Fed is not yet ready to lower interest rates, opting to maintain a vigilant approach towards inflation. This lack of a more aggressive policy direction led to a weakening of the dollar in the market. Powell suggested that the current policy rate
Gold’s impressive run saw its price stabilize near the record high of 2,144. The recent surge, fueled by bullish momentum, drove the price as high as 2,141 on Tuesday. However, with the current consolidation phase ahead of Powell’s testimony and the US jobs data, the bulls might take a temporary break but remain in play
The Euro saw a significant rally against the US Dollar after breaking above the 1.0828 resistance level. This bullish momentum led to the formation of a connecting bullish trend line with support around 1.0845 on the hourly chart. The pair managed to clear key resistance levels and tested the 1.0875 zone. However, there was a