Breaking News: Goldman Sachs CEO Solomon Reassures US Dollar’s Reserve Status Remains Strong Goldman Sachs CEO Solomon’s Interview with Bloomberg TV In a recent interview with Bloomberg TV, Goldman Sachs CEO, Solomon, addressed concerns about the US dollar’s reserve status. He stated, “The reserve currency is a great privilege” and
Uncovering the Rollercoaster Ride of Bitcoin’s Volatility: From Peaks of $65,500 to Dips of $60,000 Description: Bitcoin’s Volatility: Highs of $65,500 and Lows of $60,000 Quick Look: Rapid Fluctuations: Bitcoin hit $65,500, then dropped to $60,800, reflecting intense market volatility; Resistance Challenges: Efforts to surpass $62,000 were met with resistance,
Discover the Truth: Is My Broker Really My Buddy? A Spotlight on FMAS24 Session Description In exactly one week the Finance Magnates Africa Summit (FMAS:24) will finally be under way in Sandton City, South Africa! The premium event of the year in Africa is coming back on May 20-22 at
Market Update: US Stocks See Slight Uptick in Early Trading Description The US stocks are marginally higher in early US trading. The major indices are off premarket levels. A snapshot of the market currently shows: Dow Industrial Average average up 109.89 points or 0.28% at 39622.74 S&P index up 4.17
Cracking the Code: The Elusive Truth Behind Rent in the CPI Report The Puzzle of Rent Inflation The recent article by the WSJ’s Nick Timiraos delves into the enigma of rent inflation, a crucial component of the Consumer Price Index (CPI). Rent inflation makes up one-third of the CPI and
Mastering Forex: Why Win Rates Don’t Matter in Trading Introduction “It’s not whether you are right or wrong, but how much you make when you are right and how much you lose when you are wrong”. This quote from George Soros sums up perfectly what trading is all about. Beginner
Revolutionizing Crypto Trading: Talos and Crossover Markets Join Forces! An Advantage for Crypto Traders Crossover Markets has expanded the reach of its cryptocurrency electronic communication network (ECN), CROSSx, with its integration with Talos, a provider of institutional technology for trading digital assets. Announced today (Monday), CROSSx has become the first
Unlocking the Secrets of EUR/USD: How the US CPI Could Shape Market Trends Fundamental Overview Last Thursday, the USD weakened across the board following the weak US jobless claims figures where initial claims spiked to the highest level since August 2023. Now, jobless claims are notoriously volatile, so that could
Unleashing the Power of HTML: A Fresh Take on the Latest FX Market Trends The Current State of the FX Market The euro is mildly higher but as the range for EUR/USD holds within 20 pips, it isn’t really saying much. Besides, the pair is still keeping below its 200-day
Raisin Rakes in Record Profits After 12 Years: A Customer Deposit Surge Sparks Success in the Forex Market The Rise of Raisin: A Success Story Founded in Berlin 12 years ago, Raisin has finally achieved a milestone by reporting its first-ever profits in 2023. The financial technology company witnessed a
Uncovering the Truth Behind Fake Celebrity Ads: Kiwi Regulators Crack Down on Crypto and Forex Trading Scams New Zealand’s Financial Markets Authority Issues Warning New Zealand’s Financial Markets Authority (FMA) has recently taken a stand against fake celebrity endorsement advertisements that promote crypto and forex investment schemes on social media.
Breaking Down the Latest RBNZ Survey: What it Means for Inflation Expectations Description: According to the RBNZ Business Expectations Survey for Q2, respondents have lowered their expectations for CPI inflation in both the short-term and medium-term, while their long-term CPI inflation expectations have remained stable. Specifically, one-year-ahead annual inflation expectations
Get Ready for the Ultimate Economic Showdown: The Most Crucial CPI Reading of 2024! Description: Dow Jones / Market Watch (gated) on this week’s CPI report coming from the US: “When the Fed says it is data-dependent, every time there is a data release, it is potentially a market-moving event,”
Get Ready for Insightful Talks from Fed Officials on Monday: Mester and Jefferson Take the Stage! Description: Be on the lookout for comments on the economy and / or policy from these two. The current FOMC talking point is to hold rates where they are for longer while officials await
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