Global Market Weekly Recap: September 23 – 27, 2024
It was another busy week for the major assets, which traded on major central bank updates and rising geopolitical tensions.
It was another busy week for the major assets, which traded on major central bank updates and rising geopolitical tensions.
Revolut Targets CFD Traders with New App in the EU Top in this week’s headlines, Revolut launched a standalone platform, Revolut Invest, to expand its wealth management offerings, including contracts for differences (CFDs). The new app offers around 5,000 other assets, including US and European stocks, exchange-traded funds, commodities, and bonds. The British fintech firm…
The NZDUSD price managed to break the bearish flag’s support line to activate the negative effect of this pattern and head towards achieving more decline on the intraday and short-term basis, waiting to visit 0.5560$ followed by 0.5500$ that represent our next main targets, noting that the EMA50 supports…
USDT stablecoin issuer Tether has failed to secure a court order to block its former bitcoin mining partner, Swan Bitcoin, from pursuing a lawsuit in California, the Financial Times reported. The UK High Court dismissed Tether’s request for an injunction, marking another twist in the deteriorating relationship between the two firms. The legal dispute involves…
The US Dollar (USD) lacked directional momentum this week amid geopolitical and local uncertainty. On the one hand, the United States (US) President Donald Trump continued threatening Iran with military interventions, taking down the tone by the week’s end, but noting that all options are still on the table. On the other hand, the Federal…
NZD/USD looks ready to make fresh monthly lows as it finds resistance near a key inflection point! Think we’ll see further NZD/USD losses in the next trading sessions? Here’s what’s cooking on the 4-hour time frame: NZD/USD 4-hour Forex Chart by TradingView With no major data releases out of New Zealand this week, the New…
Bitcoin Cash (BCH) is a widely recognised digital asset created to offer faster, lower-cost transactions compared to Bitcoin. As the cryptocurrency market evolves, understanding BCH’s potential price movements in the coming years is crucial for traders and investors. This article explores Bitcoin Cash’s recent price history, key factors influencing its value, and analytical forecasts for…