Yen surges as traders brace for interest rate shift while risk mood sours
By Harry Robertson and Rae Wee LONDON/SINGAPORE (Reuters) – The yen rallied for a fourth day running on Thursday, reaching a a six-week high, as traders ditched their long-running bets…
Oil slips on mixed demand signals
By Noah Browning (Reuters) – Oil prices fell on Thursday on mixed demand signals a day after large draws on U.S. inventories while consumption in China, the world’s largest crude…
eToro to Add 1,000+ UK Stocks in LSE Partnership
The trading and investing platform eToro, announced today (Thursday) an expansion of its UK stock offerings through a new partnership with the London Stock Exchange (LSE). The collaboration will more…
Investors turn long on Singapore dollar after 7 months; bearish bets on Asian FX ease – Reuters poll
By Roushni Nair (Reuters) – Investors turned bullish on the Singapore dollar for the first time since mid-December as the city-state’s growth and inflation dynamics continue to support the local…
EuropeFX’s Sole Director Banned in Australia for 5 Years
The Australian Securities and Investment Commission (ASIC) has banned Pedro Eduardo Sasso, the director of Maxi EFX Global AU operating as EuropeFX, from being a director or controlling an entity…
US Dollar Dodges Red Wave. Forecast as of 25.07.2024
The recent shift in investor sentiment away from the Trump trade has brought data-dependent Federal Reserve policy back into focus. Should a rate cut be implemented in July if there…
Short-term analysis for BTCUSD, XRPUSD, and ETHUSD for 25.07.2024
Dear readers, I’ve prepared a short-term forecast for Bitcoin, Ripple, and Ethereum based on the Elliott wave analysis. The article covers the following subjects: Highlights and key points BTCUSD: The…
India cenbank may prefer mild rupee weakness to correct overvaluation, BofA says
MUMBAI (Reuters) – The Reserve Bank of India may allow the rupee to weaken slightly to unwind the slightly elevated real effective exchange rate and keep the South Asian currency…
Yen rises sharply as carry trades unwind, risk mood sours
By Rae Wee SINGAPORE (Reuters) -The yen rose to its strongest level against the dollar in 2-1/2 months on Thursday and scaled multi-month highs against other currencies ahead of next…
Gold prices slide as safe haven plays favor yen; Copper losses deepen
Investing.com– Gold prices fell in Asian trade on Thursday, seeing little safe haven demand despite increasing risk-off sentiment as traders rode a sharp appreciation in the Japanese yen. A rout…
