UniCredit Snaps Up 4.5% Stake in Commerzbank from German Government
UniCredit has acquired a 4.5% stake in Commerzbank from the German government. The purchase was made after discussions between the Italian bank and the German authorities. UniCredit’s CEO, Andrea Orcel,…
Zimbabwe’s new currency faces headwinds five months on
By Nyasha Chingono HARARE (Reuters) – Five months after its launch, Zimbabwe’s new currency is under pressure as increased grain imports eat away at foreign reserves, putting at risk the…
Dollar edges lower after Fed goes big on rate cut, Aussie jumps
By Stefano Rebaudo and Rae Wee (Reuters) -The U.S. dollar edged lower on Thursday after a larger than usual interest rate cut from the U.S. Federal Reserve that had been…
Bullish bets steady on Asian currencies as Fed easing bets soften dollar, Reuters poll shows
By Sameer Manekar (Reuters) – Analysts remained bullish on most Asian currencies despite marginally dialling back some bets, a Reuters poll showed on Thursday, as a defensive U.S. dollar driven…
Short-term Analysis for Oil, Gold, and EURUSD for 19.09.2024
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…
Russian attacks on Ukraine power grid probably violate humanitarian law, says UN
By Max Hunder KYIV (Reuters) – Russia’s campaign of air strikes on Ukraine’s energy grid probably violates international humanitarian law, a U.N. monitoring body said on Thursday, as Ukrainians prepare…
Short-term Analysis for BTCUSD, XRPUSD, and ETHUSD for 19.09.2024
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 price…
Oil prices rise after US interest rate cut
By Colleen Howe BEIJING (Reuters) -Oil prices rose on Thursday after a large interest rate cut from the U.S. Federal Reserve, but concerns over global demand lingered and capped gains.…
Fed Starts with Bold Move. Forecast as of 19.09.2024
The Fed took action to mitigate the risk of a slowdown in the labor market by reducing rates by 50 basis points at the outset of its monetary expansion cycle.…
Aussie Watchdog Seeks Tech Partner for 5-Year Fraud Fight
The Australian Securities and Investments Commission (ASIC) announced today (Thursday) it is conducting a global search for a service provider to identify and remove investment scam and phishing websites, as…
