FX Weekly Recap: September 23 – 27, 2024
The major currencies saw a lot of action as traders took their cues from central bank updates, China’s new stimulus measures, and closely watched data releases.
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KuCoin Eyes South Korea Comeback After Regulatory Setback
Despite being pushed out of the South Korean market earlier this year, crypto exchange KuCoin isn’t ready to give up on the region. The platform’s newly appointed CEO, BC Wong, has made it clear that a return is not only possible but planned, though only after a broader global compliance effort takes shape, Cointelegraph reported….
Euro and Pound Strengthen to Strategic Levels
The chaos brought by Donald Trump to the US economy, introducing tariffs on China, Canada, and Mexico, has contributed to the strengthening of the euro, pound, and Swiss franc. The situation remained unchanged even after the release of US inflation data yesterday. According to the published figures, the core consumer price index declined more than…
Most Successful Forex Traders in the UK [year] – Forex Trader Hub
The UK remains the global financial center of the world. It is the primary Forex and gold trading hub and is the primary center for hedge funds and private equity firms. The cutting-edge infrastructure provides an excellent foundation for successful traders. Read this article and see what you can learn from the big wins and…
The USDCAD price resumes the rise – Forecast today – 18-10-2024 – ForexNews.PRO
The USDCAD price bounced bullishly after approaching 23.6% Fibonacci correction level, to head towards resuming the main bullish trend, waiting to test 1.3838$ initially, noting that breaching it will push the price towards 1.3900$ as a next positive station. The EMA50 supports the expected rise, noting that breaking 1.3739$ will stop push the price to…
The calls are officially out now, Trump has won the US presidential election | Forexlive
The Associated Press has made their call and we’re seeing everyone else chime in with CBS, Fox, and CNN all making their calls as well. Even Edison Research and FiveThirtyEight are also now calling it for Trump. What is impressive is that it looks to be a clean sweep of all the swing states. That…
Daily Broad Market Recap – June 20, 2024
The market spotlight was focused on a couple of major central bank announcements, with one delivering a surprise rate cut. How did the rest of the asset classes fare? Headlines: People’s Bank of China kept 1-year and 5-year prime loan rates unchanged at 3.45% and 3.95% respectively Swiss trade surplus in May: 5.81 billion CHF…
