Short-term analysis for BTCUSD, XRPUSD, and ETHUSD for 01.08.2024
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…
BOJ shift gives yen a shake and causes reassessment of popular FX trade
By Alun John and Tom Westbrook LONDON/SINGAPORE (Reuters) -The Bank of Japan’s move to raise interest rates to their highest in 15 years has jolted the yen to its strongest…
Dynamic Works Gains €1.5M in Cyprus Government Funding to Enhance Its Flagship Product
Dynamic Works, a technology provider to financial services companies, has secured €1.5 million in funding from the Cyprus Research and Innovation Foundation (RIF) DISRUPT Programme, the company announced. According to…
Shell Q2 profit slides to $6.3 billion on weaker trading, refining
By Ron Bousso LONDON (Reuters) -Shell reported a 19% quarter-on-quarter drop in profit to $6.3 billion on Thursday reflecting weaker refining margins and oil and gas trading, though still beat…
Dollar Got What It Wanted. Forecast as of 01.08.2024
Investors anticipated signals regarding a federal funds rate cut in September, but not to this extent. Even Jerome Powell’s references to the Fed’s apolitical stance can be interpreted as a…
OPEC+ likely to stick to output policy at meeting, sources say
LONDON (Reuters) – OPEC+ key ministers meet on Thursday to decide output policy with sources expecting it is unlikely to make any changes to its current deal to cut production…
Soft dollar keeps yen aloft as Fed hints at September rate cut
By Ankur Banerjee SINGAPORE (Reuters) -The U.S. dollar was on the back foot on Thursday after the Federal Reserve opened the door for an interest rate cut in September, helping…
Gold prices keep record highs in sight as Fed talks rate cuts
Investing.com– Gold prices steadied in Asian trade on Thursday after surging close to record highs in the prior session after the Federal Reserve flagged the possibility of an interest rate…
Tools for Brokers Enhances Offerings for Prop Trading Firms: Brings cTrader Package
Tools for Brokers, a prominent technology provider in the brokerage industry, has enhanced its offerings to prop trading firms by introducing a cTrader package tailored specifically for this growing sector.…
Asia FX firms on rate cut bets, yen at 5-mth high on hawkish BOJ
Investing.com– Most Asian currencies strengthened on Thursday as the dollar dropped after the Federal Reserve signaled that an interest rate cut was close, while the Japanese yen hit a five-month…
