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The Reserve Bank Of South Africa Kept The Rate At 8.25%

The Reserve Bank Of South Africa Kept The Rate At 8.25%

Image Source: Pexels  On Wednesday, the US stock indices ended trading with moderate growth. A decline in T-note bond yields supported the broader market. Investors also welcomed reports that S&P Global Ratings maintained its AA+ long-term US sovereign credit rating and A-1+ short-term sovereign credit rating with a stable outlook. As of Wednesday’s stock market close, […]
Dogecoin Explodes 10% Daily, Bitcoin Reclaims $70k

Dogecoin Explodes 10% Daily, Bitcoin Reclaims $70k

Bitcoin slumped hard yesterday and dropped below $69,000, but the bulls have taken charge since then, and the asset now stands well above $70,000.While most alternative coins are slightly in the green, DOGE and BCH have gone on a tear with double-digit price gains overnight. BTC Goes Above $70KLast week was quite negative for the largest […]
German Labor Market Remains Resilient On The Outside But Shows Weakening From The Inside

German Labor Market Remains Resilient On The Outside But Shows Weakening From The Inside

Image Source: Pixabay  Unemployment this month dropped less than it generally has done in March since the financial crisis, suggesting that the very gradual cooling or turning of the labor market continues.The German labor market shows resilience. But only at first glance. In March, German unemployment decreased by 44,500, lowering the unemployment figure to 2.769 million. The […]
Italian Business Confidence Improves In March As Consumers Take A Breather

Italian Business Confidence Improves In March As Consumers Take A Breather

Overall this is a positive reading, marking an improvement among manufacturers and a surprising resilience among builders. Consumers are taking a breather, showing tentative concerns about future unemployment for the first time in months. Consumers taking a breatherAfter posting four consecutive gains, Italian consumer confidence backtracked slightly in March to 96.5 (from 97 in February), burdened […]
Daily Market Outlook – Thursday, March 28

Daily Market Outlook – Thursday, March 28

Image Source: Pixabay  Asian stock markets are experiencing a mix of trading on Thursday, as they respond to the generally positive trends in global markets from the previous day. Some traders are taking profits following the recent market strength, while also waiting cautiously for key US inflation data and Fed Chair Jerome Powell’s speech, as the […]
Is The USDJPY Set For Seasonal Gains?

Is The USDJPY Set For Seasonal Gains?

Image Source: Pixabay  The USD/JPY, also known as the US dollar/Japanese yen currency pair, is one of the most traded currency pairs in the forex market. It represents the exchange rate between the US dollar, the world’s primary reserve currency, and the Japanese yen, the currency of Japan, which is one of the major economies in […]
Lessons From The First 47 Years

Lessons From The First 47 Years

When I was a young man, the country singer Tim McGraw had a song called “The Next 30 Years” in which he articulated the lessons he learned during his first 30 years and how he’d make the next 30 better. In my case, being a slow learner, it took me 47 years to start putting […]
Ripple And Tron: Ripple Under Less Pressure At 0.6250 Level

Ripple And Tron: Ripple Under Less Pressure At 0.6250 Level

Ripple chart analysisRipple’s new weekly low was formed this morning at the 0.6025 level. We managed to hold above and initiate a bullish consolidation to the 0.6250 level. Here, we meet the EMA200 and hope to move above to continue the recovery to the bullish side. At the 0.6325 level, we will test the weekly […]
Forex Today: Fed’s Waller – No Rush To Cut Rates, Prospect Of Hikes Remote

Forex Today: Fed’s Waller – No Rush To Cut Rates, Prospect Of Hikes Remote

Pixabay FOMC member Waller spoke a few hours ago about the Fed’s monetary policy. He basically gave the same message the Fed has been putting out for some months now. Summary: there will be no rush to cut rates, a rate hike is very unlikely, and the current state of the economy does not warrant […]
EURUSD Slides Lower: Downtrend Deepening Or Temporary Dip?

EURUSD Slides Lower: Downtrend Deepening Or Temporary Dip?

EURUSD has displayed further weakness, breaching a key support level. This analysis examines the technical situation and explores potential scenarios for the currency pair. Downside Move Gains Traction: Fresh Lows Established: EURUSD has extended its decline from 1.0981, reaching a new low of 1.0774. This price action reinforces the dominance of the downtrend. The breakdown below the […]