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Category: Markets

  • Bullish bets steady on Asian currencies as Fed easing bets soften dollar, Reuters poll shows By Reuters

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    Investor Empires

    Written by Sameer Manikkar Analysts remained bullish on most Asian currencies, although some pared bets slightly, as a defensive U.S. dollar driven by a dovish Federal Reserve boosted the appeal of risk-sensitive assets, a Reuters poll showed on Thursday. Long bets were highest on the Malaysian ringgit and the Thai…

  • USDCHF is not escaping the up and down volatility. Testing a key technical target.

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    Investor Empires

    The USDCHF pair continues to experience choppy price action, with the current move testing a crucial downside target. After failing to break above the 38.2% retracement level of the decline from the mid-August high to the September low, the price has returned to the downside. The 38.2% retracement level was…

  • Poland stocks higher at close of trade; WIG30 up 0.11% By Investing.com

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    Investor Empires

    Investing.com – Polish stocks were higher after the close on Thursday, as gains in the industrials and services sectors led shares higher. At the close of trading in Warsaw, the index was up 0.11%. The best performers in the session were: Dino Polska SA (WA:), which rose 6.34% or 19.80…

  • Zimbabwe’s new currency faces headwinds five months on By Reuters

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    Investor Empires

    By Nyasha Chingonu HARARE (Reuters) – Five months after its launch, Zimbabwe’s new currency is under pressure as foreign reserves are eroded by rising grain imports, putting at risk the government’s plan to make it the sole currency on the market by 2026. Zimbabwe’s gold-backed Zig is the country’s sixth…

  • Daily Broad Market Recap – September 18, 2024

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    Investor Empires

    With the Federal Reserve announcing a further 0.50% rate cut and proposing further monetary easing, how did financial markets react to the news? Have we seen a uniform reaction across major asset classes or are other headlines taking the spotlight? Check out the latest market updates! Headlines: New Zealand’s current…

  • US easing cycle to weaken dollar, help euro to rise: UBS By Investing.com

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    Investor Empires

    The U.S. Federal Reserve’s monetary easing cycle that began on Wednesday should weaken the U.S. dollar and thus help the euro rise, UBS strategists said in a note. The Federal Reserve began its easing cycle by cutting interest rates by 50 basis points at its September meeting, and is expected…

  • Dollar bounces after Fed-inspired losses; sterling gains ahead of BoE By Investing.com

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    Investor Empires

    The U.S. dollar rose slightly on Thursday, recovering from its lowest level in more than a year after the Federal Reserve announced a large interest rate cut, while sterling rose ahead of the Bank of England’s latest policy meeting. At 04:25 ET (08:25 GMT), the dollar index, which tracks the…

  • Australia’s August Labor Market Data Shows Strength Despite High Interest Rates

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    Investor Empires

    Data from the Australian Bureau of Statistics reflects the resilience of the Australian labour market in a high interest rate environment. The economy added a net 47.5K jobs in August, above the expected gain of 28.0K and slightly below the downwardly revised gain of 48.9K in July. The gains came…

  • 5000+ Forex Companies Attending Forex Expo Dubai 2024

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    Investor Empires

    The largest gathering of over 20,000 visitors and over 200 exhibitors, making it one of the largest exhibitions in the world, with just two weeks to go until the event kicks off, the excitement is building. Forex Expo Dubai 2024 will bring together top industry leaders, renowned guest speakers and…

  • Vietnam’s top leader Lam to visit US, Cuba next week By Reuters

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    Investor Empires

    HANOI (Reuters) – Vietnamese President and ruling Communist Party chief To Lam will pay a working visit to the United States next week and attend the 79th session of the United Nations General Assembly in New York, a government statement said. Lam will then pay an official visit to Cuba,…

  • Dollar claws back losses after Fed goes big on rate cut By Reuters

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    Investor Empires

    Written by Ray Wee SINGAPORE (Reuters) – The U.S. dollar rose broadly on Thursday, reversing a brief slump following an overly aggressive interest rate cut by the Federal Reserve that was widely priced in by markets. The U.S. central bank on Wednesday began its monetary easing cycle with a larger-than-usual…

  • Chart Art: Potential Trend Support Areas For Gold (XAU/USD)

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    Investor Empires

    Spot gold retreats from record highs of $2,600 after US Federal Reserve cuts interest rates! Are we looking for an opportunity to join the long-term uptrend in XAU/USD? Let’s take a closer look at the 4-hour time frame: Gold (XAU/USD) Forex 4 Hours Chart by TradingView In case you missed…

  • It’s a huge day coming up in Asia on Friday – Japan CPI, PBOC rate setting, BOJ meeting

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    Investor Empires

    Japan’s national CPI data for August is due out on Friday. We got the Tokyo CPI data for August, which came in higher than July: Tokyo area inflation data for August: 2.6% y/y (2.2% previously) The Bank of Japan statement comes a few hours later. No change in interest rates…

  • Waymo in talks with Hyundai Motor to produce self-driving taxis, media report says By Reuters

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    Investor Empires

    SEOUL (Reuters) – Alphabet Inc’s Waymo is in talks with South Korea’s Hyundai Motor Co to outsource the manufacturing of its self-driving vehicles, South Korea’s Electronic Times reported. Waymo and Hyundai Motor officials have met more than three times to discuss a plan to use Hyundai’s Ioniq 5 electric vehicles…

  • Fed Cut Interest Rates by 0.50%, Dot Plot Suggests More Cuts in Next Meetings

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    Investor Empires

    The Federal Open Market Committee cut interest rates by 50 basis points to 4.75% to 5.00% at its September meeting, marking a strong start to the monetary policy easing cycle. It was also the first cut in borrowing costs since the start of the pandemic in 2020, as major central…

  • Fed Cut Interest Rates by 0.50%, Dot Plot Suggests More Cuts in Next Meetings

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    Investor Empires

    The Federal Open Market Committee cut interest rates by 50 basis points to 4.75% to 5.00% at its September meeting, marking a strong start to the monetary policy easing cycle. It was also the first cut in borrowing costs since the start of the pandemic in 2020, as major central…

  • Intel Markets presale scorching hot with Solana, Toncoin holders support

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    Investor Empires

    Disclosure: This article does not constitute investment advice. The content and materials on this page are for educational purposes only. Excitement is building around the Intel Markets presale, catching the attention of major Solana and Toncoin holders as they look for the next big opportunity. Michael van de Poppe predicts…

  • Intel Markets presale scorching hot with Solana, Toncoin holders support

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    Investor Empires

    Disclosure: This article does not constitute investment advice. The content and materials on this page are for educational purposes only. Excitement is building around the Intel Markets presale, catching the attention of major Solana and Toncoin holders as they look for the next big opportunity. Michael van de Poppe predicts…