Analytics

DXY remains under pressure as long as it stays below the immediate resistance levels. The US high-impact data reported tomorrow could shake the markets and change the sentiment. A breakout from the current range could bring us a clear direction in DXY. The DXY Dollar Index price stands at 92.25 below the weekly pivot point…

FTSE Price Reacts Mutedly To BoE Interest Rate Decision Coronavirus Delta variant still causing problems for economic recovery FTSE expected to trade sideways for the time being as inflation expected to continue climbing The FTSE price was down a minuscule 0.14% on Friday morning as the blue-chip index continued to react rather mutedly to the…

Forex broker Isik Menkul has grown significantly over the years Kapital planning to expand its product range both in Turkey and beyond Turkey one of the fastest growing markets for forex and CFD’s.  The large Kapital Investment Group (KIG BV) announced the acquisition of the Turkish forex broker Isik Menkul. Kapital is part of the…

BoE decided to leave the policy rate at 0.1%. The rise of the delta variant won’t hurt the economy. Fed taper talks boosted the USD. The has gained a boost from many Fed speakers who have talked up tapering, while the Bank of England has decided to keep its policy rate unchanged.BoE policy remains unchangedAs…

Ethereum price trades above $2,700 in anticipation of the London Hard Fork launch. Roughly 75% Ethereum nodes are ready for the Ethereum London Hard Fork. The upgrade could see ETH propel to $4,400. The Ethereum Price has rallied 8.7% from $2,497 to $2,730 as buyers pushed ETH beyond the $2,700 psychological level shattering the 100-day…

MANA price makes a beeline for the $80 level Decentraland now up by almost 9% over the past 24 hours More buyers have entered the market as SEC Chair Gensler’s speech shrugged off by crypto investors The MANA price seems to be moving forward fairly consistently after having had a rather stagnant period. Decentraland gained…

At their August 3 monetary policy meeting, Reserve Bank of Australia (RBA) board members kept the official cash rate (OCR) at a record low of 0.10 %. The central bank stated it would continue to decrease its bond-buying program. The RBA would continue to buy government securities at a $5 billion per week rate until early…

The DXY Dollar Index price has found temporary support and is now struggling to gain. Unfortunately, the pressure is still high, so we’ll have to wait for the US data to bring us a clear direction. The current week could be decisive for the US Dollar.Some poor US economic figures could force the DXY to…

US Nonfarm Payrolls (NFP) report lands on Friday (6 August) and forecasters expect it to show an improvement on June’s figures, which came in with a gain of 850,000 jobs.The consensus for July’s jobs data is 880,000, although economists polled by Bloomberg pencil a slightly lower forecast of 859,000.However, if the jobs market is continuing…

It’s been a rosy year for the forex broker IG Markets and its sister subsidiary IG Index who posted strong financial results for the year ending May 31 2021. Both subsidiaries of the IG Group posted a huge increase in business which is in line with the group’s overall performance that was reported earlier.IG Markets…