As shown by the S&P 500 index chart (US SPX 500 mini on FXOpen), yesterday’s trading saw the index hit a new intraday high of 5,678.9, surpassing the previous record of 5,677.5 set on 16 July. However, the bulls were unable to maintain this historic peak, which is a negative sign, suggesting the possibility of…
By Tom Westbrook London (Reuters) -The dollar shed some of its overnight gains against the yen on Wednesday, as investors made last-minute tweaks to positions ahead of a policy meeting expected to initiate a U.S. easing cycle. The Federal Reserve is expected to make its first interest rate cut in more than four years at…
ATFX Connect, the institutional arm of leading global broker ATFX, said this week that it has expanded its presence in Australia. The company revealed in a press release that it has opened a new office in Sydney and participated in the Financial Markets Pacific Summit (FMPS) 2024. “ATFX Connect is strengthening its foothold in the…
EUR/USD started a fresh increase above the 1.1050 resistance. USD/CHF declined and now struggling below the 0.8500 resistance. Important Takeaways for EUR/USD and USD/CHF Analysis Today · The Euro surged after it broke the 1.1050 resistance against the US Dollar. · There is a connecting bullish trend line forming with support near 1.1125 on the…
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On Tuesday, trading platform TradingView announced the addition of PhillipCapital as a new broker. The company explained in a blog post that the partnership will be especially beneficial for its Turkish users. PhillipCapital is a global stock broker and member of the PhillipCapital Group. It is headquartered in Singapore and has been operating since 1975….
Foreign exchange specialist OFX announced the expansion of its operations in Germany on Wednesday. The company revealed it has established a new regional team across multiple cities to better serve its clients in the region. “This strategic initiative underscores OFX’s dedication to the European market, further strengthening its presence and commitment to providing exceptional financial…
Event to pay attention to today: 21:00 GMT+3. USD – FOMC Rate Decision EURUSD: On Tuesday, the EUR/USD pair paused its bullish recovery, easing bullish pressure and forming a hesitation pattern just above 1.1100. This is likely due to traders awaiting the Federal Reserve (Fed) speech scheduled for Wednesday. With minimal activity on the European…
After their “finely balanced” interest rate cut last month, will the Bank of England (BOE) follow through with a more convincing easing decision this time? Or will they choose to be “very mindful, very demure” with another narrow vote? Here’s what to expect for the BOE decision and how GBP pairs could react….
(Reuters) – Amazon.com (NASDAQ:) named 25-year veteran Samir Kumar as its new India head on Wednesday, replacing Manish Tiwary who stepped down after an eight-year stint last month. Kumar, who was part of the team that launched Amazon India in 2013, will take over from Tiwary on Oct. 1 in addition to his current role…