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FXTM’s Cotton: Set for a major rebound?
Cotton ↑ 7% month-to-date Headed for first ↑ month since Feb Over 20% away from 2024 high H4 prices bullish but RSI overbought Technical levels – 83.90, 81.50, 79.50 FXTM’s new Cotton commodity could be set for a major rebound after ending last week on a firmly positive note. Prices have recently hit a fresh…
Week Ahead: Brent waits on OPEC+ meeting
Brent ↑ 6% year-to-date Headed for biggest monthly ↓ in 2024 OPEC+ decision, EIA data & NFP in focus Over past year NFP triggered moves of 1% ↑ or ↓ Technical levels – $84.50 & $81.00 Key central bank decisions and top-tier economic data could rock markets in the week ahead: Sunday, 2nd June OIL:…
Equiti Gains In-Principle Approval to Launch Investment Fund
Fintech firm Equiti said Wednesday that it has secured in-principle approval from the Securities and Commodities Authority to launch its Equiti Global Balanced Fund. It marks the inaugural product under its newly introduced platform, Equiti Wealth, aimed at offering diverse wealth management solutions tailored to long-term investment needs. The Equiti Global Balanced Fund is designed…
SPONGE (SPONGEUSDT) Price: Bulls May Hold onto Their Advantage in Market
Bulls are acquiring more momentum Sponge Price Analysis – 07 September Bulls may be able to hold onto their advantage in the market if SPONGEUSDT breaks through the $0.000329 barrier level and runs into resistance in the $0.000404 to $0.000502 area. Failure to maintain $0.000262 could result in a price decline below the $0.000196 and…
Bank of England should cut rates to boost consumer spending, says TUC
The Trades Union Congress is urging the Bank of England to cut interest rates and rekindle economic growth, pointing to analysis showing that cash-strapped consumers are lagging their international peers. The Bank’s monetary policy committee voted 5-4 to leave borrowing costs unchanged this month, after six cuts since mid-2024. Some members of the committee remain…
