TBILISI (Reuters) – Georgian authorities on Thursday raided the local offices of U.S. technology services company Concentrix and searched the homes of two employees of the Atlantic Council, a Washington-based think tank, Georgian media reported. The searches took place two days before a parliamentary election widely viewed as a test of whether the South Caucasus…
USDThe dollar’s climb continued on Wednesday, with the DXY index gaining another 0.3%. Even so, yesterday afternoon saw the greenback appear to hit a ceiling, not unsurprisingly we think, given our growing scepticism over how far election risks can propel the dollar higher ahead of polling day on November 5th. Today, initial jobless claims and…
2024.10.24 2024.10.24 Will the Pound Rebound? Forecast as of 24.10.2024 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The GBPUSD collapse in October was so rapid that Andrew Bailey decided to take action to support the pound. Considering the continued strength of the economy, the decline seems to be overly drastic. Let’s discuss this topic and develop a trading plan. The article…
Today, Germany’s PMI data was released, according to Forex Factory:→ German Flash Manufacturing PMI: actual = 42.6, expected = 40.7, previous = 40.6;→ German Flash Services PMI: actual = 51.4, expected = 50.6, previous = 50.6. The DAX 40 index (Germany 40 mini on FXOpen) showed a slight intraday increase, which could be viewed positively,…
The price of SafeMoon found new support at the 0.00002857 level The price of Litecoin once again fell below the $70.00 level on Wednesday, October 23 SafeMoon chart analysis The price of SafeMoon found new support at the 0.00002857 level. With that, we successfully tested the weekly open level and now…
The Purchasing Managers’ Index (PMI) is a widely watched economic indicator that helps traders assess the overall health of the economy via an early snapshot of business activity. Traders often use this data to analyse potential market movements across different asset classes, from equities to forex. In this article, we’ll explore what the PMI is,…
Eurex Clearing revealed that it has successfully concluded testing with the Banque de France’s Full DLT Interoperability Solution as part of the European Central Bank’s (ECB) wholesale digital money pilot. The company took part in the Eurosystem’s exploratory work on new technologies for wholesale central bank money settlement, with the initiative, led by the European…
As shown by Tesla’s stock chart, trading closed below $213.50 yesterday. However, following the main trading session, the company reported its third-quarter earnings: → Earnings per share (EPS): actual = $0.72, expected = $0.59→ Gross revenue: actual = $25.46 billion, expected = $25.18 billion Additionally, Tesla forecasted a sharp increase in vehicle sales, assuring investors…
On Thursday, Worldline declared plans to collaborate with Visa Acceptance Solutions to launch a cutting-edge fraud management solution. The global payment services provider explained in its press release announcing the deal that the collaboration combines Worldline’s extensive transactional data with Visa’s Cybersource Decision Manager, offering businesses a powerful tool to combat fraud and optimise customer…
UK business activity weakened in October, with both the manufacturing and services sectors showing signs of slowing momentum. PMI Manufacturing index dropped from 51.5 to 50.3, marking a 6-month low, while PMI Services index fell from 52.4 to 51.8, an 11-month low. Consequently, Composite PMI also declined to an 11-month low, slipping from 52.6 to…