The recent escalation of geopolitical tensions in the Middle East has contributed to the relatively stable yet mild gains in the price of West Texas Intermediate (WTI) crude oil. The assassination of Hamas leader Ismail Haniyeh in Tehran, with fingers pointing towards Israel, has sparked concerns over potential supply risks in the region. Despite ongoing
Forex News
DSYNC Destra Network is a project that aims to revolutionize cloud solutions through decentralized platforms and cutting-edge technologies like AI, IPFS, and ENS. In this critical analysis, we will delve into the current Elliott Wave structure unfolding for the token and discuss the potential outcomes based on the information available. Back in March 2024, DSYNC
The EUR/GBP cross is trading higher at around 0.8450 during the early European session, marking a 0.35% gain on the day. The recent surge is fueled by the Eurozone’s inflation data, which has cast doubts on the likelihood of ECB interest rate cuts in September. On the other hand, there is a sense of uncertainty
Federal Reserve Chairman Jerome Powell recently made the decision to leave the policy rate unchanged at the range of 5.25%-5.5%. This decision was met with unanimous support from all 19 participants in the meeting. Powell explained that there was a real discussion about the possibility of reducing rates at the meeting, but ultimately, a strong
The recent flash estimate for HICP inflation revealed an unexpected but marginal increase in headline inflation in July, rising to 2.6% from 2.5% in June. This uptick was influenced by a stronger energy sector, with energy prices rising by 1.3% year-on-year, compared to a mere 0.2% increase in June. The spike in petrol prices and
The NZD/USD pair has been trading on a stronger note around 0.5915 in Wednesday’s Asian session, with a 0.17% increase on the day. This positive movement can be attributed to the better-than-expected Chinese Manufacturing Purchasing Managers’ Index (PMI) data for July. The Chinese PMI readings, which showed an improvement in manufacturing activity, have provided support
In recent weeks, the Australian Dollar (AUD) has experienced a significant decline against the US Dollar (USD), with a decrease of nearly 3.5%. This downward trend has positioned the AUD as one of the weaker currencies among the G-10 group. Analysts point to several factors contributing to this decline, with two key factors standing out.
Investors around the globe are closely eyeing the upcoming release of the Job Openings and Labor Turnover Survey (JOLTS) data in the US. This data, which is set to be published by the US Bureau of Labor Statistics (BLS) on Tuesday, is expected to shed light on the number of job openings in June. The
When it comes to investing in open markets, it is crucial to understand the risks and uncertainties involved. The information provided on various platforms, including FXStreet, should be viewed as purely informational and not as a recommendation to buy or sell any assets. It is essential for investors to conduct their own thorough research before
The Australian Dollar (AUD) has been facing challenges in the forex market due to a combination of factors such as economic concerns over China, high inflation rates, and weak retail sales data. This article will analyze the impact of key economic data releases on the AUD and how they influence market expectations. The upcoming release
Stock prices saw a rebound on Friday, with the S&P 500 index closing 1.11% higher. However, it closed below the daily high, indicating consolidation rather than a shift in the short-term trend. The S&P 500 is expected to open 0.6% higher on Monday as well. The upcoming week will see key quarterly earnings releases from
The New Zealand Dollar (NZD) is currently expected to continue range trading in the near future, with analysts predicting a range between 0.5875 and 0.5920. Despite the possibility of further NZD weakness, analysts point out that severely oversold conditions suggest limited downside potential for the currency. One key level to monitor is 0.5850, according to