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news-05102024-031926

European Central Bank Set to Cut Rates as Inflation Lowers

This week, there was a significant increase in the conflict in the Middle East as Israel attacked Hezbollah in Lebanon and Iran launched missiles at Israel. Despite this, the market reaction was limited. Oil...
news-04102024-211740

NZDUSD Forecast: RBNZ Expected to Cut Rates by 50 BP

The Reserve Bank of New Zealand (RBNZ) is set to hold a meeting next week, with expectations running high for a significant 50 basis point interest rate cut. The meeting is scheduled for Wednesday...
news-04102024-211709

US Dollar Strengthens as Focus Shifts to CPI Inflation – Weekly Preview

The US dollar made a strong comeback this week due to positive economic data and safe haven flows after tensions in the Middle East. Fed Chair Powell's comments about sticking with quarter-point rate cuts...
news-04102024-115455

Iran Leader Khamenei’s Response to Israel Will Be Deliberate and Timely

Iran's Supreme Leader, Ayatollah Ali Khamenei, has responded to Israel's actions by stating that Iran's response will be deliberate and timely. This statement comes amidst rising tensions between the two countries in the Middle...
news-04102024-115427

EUR/USD Three-Week Low: ECB Easing Expectations – Forex Market Update

The EUR/USD pair has dropped to 1.1027, hitting a three-week low due to expectations of the European Central Bank (ECB) continuing to ease monetary policy. This decision is driven by slow economic growth and...
news-04102024-055337

Bitcoin vs Gold: Standard Chartered’s Analysis on Safe Haven Assets

Bitcoin and gold are both considered safe haven assets, but they have distinct characteristics that appeal to different investors. In a recent analysis by Standard Chartered, the differences between these two assets were highlighted.It...
news-04102024-055309

USD/JPY Rally Resumes Ahead of US Nonfarm Payrolls Report

The USD/JPY pair has resumed its rally, breaking above the 145.00 resistance level. On the 4-hour chart, a bullish trend line is forming with support at 145.80. This indicates a positive momentum for the...
news-03102024-233302

ISM Services Index Surges in Forex Market Update

The US dollar strengthened as the ISM services report showed a significant increase, reaching its highest level since February 2023. However, there was a slight concern as the employment indicator dropped below 50, just...
news-03102024-233232

US Services Sector Sees Growth Surge in September – Action Forex

The US services sector experienced a significant surge in growth during the month of September, according to the latest ISM Services index. The index rose to 54.9, up from 51.5 in August, surpassing expectations...
news-03102024-002941

European Central Bank Likely to Cut Rates to 1% Due to Economic Factors

The European Central Bank is considering cutting interest rates to 1% due to current economic factors. This decision could have a significant impact on financial markets and investors. However, it is important to note...