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: 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…
Gold prices rise to near $2,400 with focus on Fed, rate cuts
Investing.com– Gold prices rose in Asian trade on Monday, recovering more ground from a rout through most of July as focus turned to an upcoming Federal Reserve meeting where the…
Oil gains on fears of wider Middle East conflict after rocket strike in Golan Heights
By Yuka Obayashi and Emily Chow (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…
Ethiopia shifts to market-based foreign exchange system
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 Fund and…
Asia FX firms as dollar dips with Fed, BOJ on tap
Investing.com– Most Asian currencies firmed on Monday, while the dollar retreated before a Federal Reserve meeting this week that is likely to yield more cues on the bank’s plans to…
