Oil prices stabilise after Golan Heights attack
By Emily Chow SINGAPORE (Reuters) -Oil prices rose on Monday, paring last week’s loss, on fears of a widening conflict in the Middle East following a rocket strike in the…
Yen holds steady ahead of BOJ and Fed policy decisions
By Kevin Buckland and Harry Robertson TOKYO/LONDON (Reuters) – The yen held steady on Monday, with sentiment still fragile following the Japanese currency’s best weekly rally since late April on…
Ethiopia’s birr drops 30% as central bank floats currency
By Dawit Endeshaw ADDIS ABABA (Reuters) -Ethiopia’s central bank on Monday removed restrictions on the foreign currency market, it said, a crucial step towards securing funding from the International Monetary…
Dollar backed ahead of Fed meeting; sterling retreats
Investing.com – The U.S. dollar edged higher in early European trade Monday, helped by a safe-haven bid as tensions rise in the Middle East, while sterling retreats ahead of this…
Federal Court Orders $31 Million Penalty in Forex and Crypto Fraud Case
A federal court has ordered Abner Alejandro Tinoco and his company Kikit & Mess Investments, LLC to pay over $31 million in penalties for orchestrating a fraudulent foreign currency and…
Short-term Analysis for Oil, Gold, and EURUSD for 29.07.2024
I welcome my fellow traders! I have made a price forecast for the USCrude, XAUUSD, and EURUSD using a combination of margin zones methodology and technical analysis. Based on the…
Markets Await Rate Cut Signals from Fed. Forecast as of 29.07.2024
There are clear signs that the US economy is cooling. The Fed must take action to achieve a soft landing. A rate cut in September would be an appropriate response.…
Ethiopia adopts market-based FX system, birr currency slides
By Dawit Endeshaw ADDIS ABABA (Reuters) -Ethiopia’s central bank on Monday removed restrictions on the foreign currency market, it said, a crucial step towards securing funding from the International Monetary…
Short-term analysis for BTCUSD, XRPUSD, and ETHUSD for 29.07.2024
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:Β an ascending…
Yen rises amid fragile sentiment ahead of BOJ, Fed decisions
By Kevin Buckland TOKYO (Reuters) -The yen strengthened on Monday, reversing earlier declines, as an escalation in Middle-East tensions rignited safe-haven demand for the Japanese currency. Tel Aviv is weighing…
