The BNB cryptocurrency lost more than 3% in 24 hours
In the last 2 hours, BNB (CRYPTO: BNB) is down 3.16% to $281.86, continuing last week’s decline of 2% and then rallying from the current price of $286.60. Find out…
For abrdn, China has strong recovery potential and equities are trading at a discount
Nicholas Yeo, Abrdn’s head of Asia equities, notes that some headwinds are easing and says he is bullish on Chinese stocks, which have underperformed other markets for some time. Find…
Canadian Shares Down Sharply As Jobs Data Fuels Rate Hike Concerns
(RTTNews) – Canadian stocks are sharply lower in negative territory on Friday, as stronger-than-expected employment data from Canada and the United States fueled concerns about more aggressive monetary policy from…
European Stocks Close Notably Lower On Rate Hikes Jitters
(RTTNews) – European stock markets closed lower on Friday after US Labor Department data showing a stronger-than-expected increase in US non-farm payrolls in September raised concerns that the Fed will…
Goldman Sachs: why the pound fell to a record low against the dollar
These crosscurrents have put the Bank of England in a difficult position: the Bank of England took emergency action this week with a bond buying program to calm the UK…
Bank of America lowers euro outlook, predicts pound-dollar parity by year-end
Analysts at Bank of America revised down their previous expectations for key European currencies – the euro and the pound sterling. „A sustained elevated core inflation is pushing the Fed…
S&P 500 Forecast: Continues to Test a Major Support Level
Keep in mind that the Federal Reserve continues to see a lot of tightening in its future, so therefore it’s likely that we have a situation that the S&P 500…
USD/CAD Forecast: Continues to Rally
Short-term pullbacks offer the possibility of finding value in the greenback, now I think that it’s likely that we have a “buy on the dip” mantra going forward. The USD/CAD has rallied…
EUR/GBP HITS LEVELS ABOVE 0.8900 FOR THE FIRST TIME SINCE JANUARY 2020
Pound tumbles across the board on Friday. EUR/GBP is having best day since March 2020. After a brief pullback, EUR/GBP resumed the upside and hit levels above 0.8900 for the…
AUD/USD: TIGHTENING GLOBAL FINANCIAL CONDITIONS AND WEAKNESS IN CHINA TO FAVOR THE DOLLAR – DANSKE BANK
Analysts at Danske Bank forecast the AUD/USD pair at 0.67 in a month, at 0.67 in three months and at 0.66 in six months. They point out the aussie could…