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EUR/USD Weekly Forecast: Bulls Fading from Multi-Year Top Ahead of ECB, NFP – Forex Crunch
The EUR/USD weekly forecast points to a corrective downside despite the pair ending the week with net gains, as the US dollar recovered slightly. Upbeat US PPI and the Fed’s hold in its recent meeting lent room to the falling dollar. The markets will closely watch the ECB rate decision and US employment data for…
Former Investment Manager Pleads Guilty in Platinum Asset Management Insider Trading Case
A former Greater Sydney-based investment manager has pleaded guilty to insider trading and providing unlicensed financial advice in connection with shares of Platinum Asset Management, the Australian Securities and Investments Commission (ASIC) said in a release on Tuesday. Rodney Forrest reportedly admitted to two counts of insider trading between August and September 2024 before Sydney’s…
Two Arrested In FCA Crypto Operation, Italy Toughens Monitoring Of Crypto Assets
The Financial Conduct Authority (FCA) has announced that it has conducted an operation along with the Metropolitan Police Service and arrested two individuals suspected of running an illegal crypto exchange on 20 June 2024. Based on the FCA’s press release, it is suspected that this business bought and sold more than £1bn in crypto assets….
Chart Art: Is Bitcoin (BTC/USD) Ready to Extend Its Downtrend?
Bitcoin (BTC/USD) just turned lower from a potential trend resistance zone! Think the crypto is ready to extend a longer-term downtrend in the next trading sessions? Here’s what we’re seeing on the 4-hour time frame: Bitcoin (BTC/USD) 4-hour Chart by TradingView In case you missed it, bitcoin capped Wednesday lower than its open price as…
USD/JPY Forecast: Dollar-yen remains bearish as price slides below 144.000
In today’s session, USD/JPY trades 0.03% higher, having fallen below the key level of 144.000 courtesy of a weaker dollar, increased safe-haven demand, and a narrowing interest rate differential. /* Requesting advertisement by calling an endpoint assures that the advertisement is never cached together with the page. rm8uv – is a forced measure to prevent…
White House is mulling releasing oil from the SPR, but no formal decision has been made. | investingLive
There is a report that the White House is mulling releasing oil from the strategic petroleum reserve (SPR), but no formal decision has been made. According to Politico there is fierce opposition to tapping the SPR. Those who oppose tapping the reserve say a release would solve what they consider the underlying problem (war?). The…
