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OIL: Prices Rise by $3 From Unverified Reports of Explosions in Iran

Brent Futures on the Rise Today, oil prices experienced a notable increase, with Brent futures rising $3.03 to $90.14 per barrel and U.S. West Texas Intermediate crude ascending by 3.7% to $85.76. This uptick is attributed to market reactions to potential geopolitical events in the Middle East, specifically unverified reports on X (formerly known asContinue Reading

How is the US Dollar Performing in Light of Changing Rate Cut Expectations?

Looking at today, April 19 2024, the U.S. dollar is on track to achieve a second consecutive week of gains as of this Friday, driven by an unexpectedly robust U.S. economy which has recalibrated both investor and policy expectations concerning Federal Reserve rate cuts for the remainder of the year. The greenback reported a 0.17%Continue Reading

U.S. Dollar Stays Strong, Rising Bond Yields on Currency Pairs

The focus is intensifying on the U.S. dollar’s interaction with major currency pairs such as EUR/USD, GBP/USD, USD/JPY, and USD/CAD. The EUR/USD pair, for instance, has shown resilience, rebounding from a crucial support at 1.0600 and ascending past 1.0650. Technical indicators set resistance levels at 1.0695 and 1.0725, with potential to reach 1.0820. Should theContinue Reading

Notification of Server Upgrade – April 18, 2024

Dear Client, As part of our commitment to provide the most reliable service to our clients, there will be server maintenance this weekend. Maintenance Hours (MT5): 20th April 2024(Saturday): All day 21st April 2024(Sunday): 03:00 – 23:59 (GMT+3) Maintenance Hours (MT4): 20th April 2024(Saturday): 02:00 – 16:00 GMT+3 21st April 2024(Sunday): 03:00 – 23:59 (GMT+3)Continue Reading

APRIL 18: Industrials Rise While Healthcare and Tech Struggle

European stock markets observed a mixed performance with the STOXX 600 index recording a slight increase of 0.2%, amid varying results from key sectors during the ongoing earnings season. The industrial sector, tracked by the .SXNP index, stood out with a 0.7% gain, primarily propelled by Swiss engineering company ABB, whose stock surged nearly 6%Continue Reading

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