About: anakin
Recent Posts by anakin
NZ dollar rises despite rate cut expectations and high inflation
Key points: The New Zealand dollar strengthened on Wednesday as domestically-driven inflation remained high, though headline figures eased to a three-year low. Despite this, markets continue to expect around three rate cuts by the end of the year. See: Kiwi on the rise, trading at 0.60744 as seen on the VT Markets app. New Zealand’sContinue Reading
Dollar falters as Fed rate cuts approach
Key points: The dollar experienced a mixed performance on Wednesday following a brief boost from better-than-expected U.S. retail sales data. Traders remained focused on the prospect of Federal Reserve rate cuts potentially as early as September. The New Zealand dollar (NZDUSD) rose as data revealed higher-than-expected non-tradable inflation in the second quarter, despite the headlineContinue Reading
Google eyes $23 billion acquisition of cybersecurity firm Wiz
Key Points: Google (Symbol: GOOG) is reportedly in discussions to acquire cybersecurity firm Wiz for $23 billion. This acquisition, if completed, will mark the largest ever purchase of Google, surpassing its $12.5 billion acquisition of Motorola Mobility in 2012. The deal highlights a strategic push from Google to enhance its cloud computing and cybersecurity offerings,Continue Reading
GBPUSD reaches one-year high on positive UK and negative US economic data
Key Points: The British pound (Symbol: GBPUSD) floated to a one-year high of $1.2985, driven by favourable economic data from both the UK and the US. The pair opened the week with positive momentum as forex traders responded to unexpected growth in the UK and easing inflation in the US. Picture: GPBUSD reaches one-year high,Continue Reading
Who is OPEC and why are they important in oil trading?
“OPEC daily basket price stood at $86.51 a barrel.” “Al Ghais: Peak oil demand not on the horizon.” “37th OPEC and non-OPEC Ministerial Meeting.” Above are some of the headlines that oil traders would eye on every business day. For someone new to the oil as a commodity in day trading, one must wonder why theContinue Reading
