Tag: currency
UBS Predicts Dollar Strength to Persist, Forecasts EUR/USD Below Parity by Year-End
Jennifer -
UBS analysts predict that the U.S. dollar will maintain its strength through the end of the year, driven by higher interest rates from the...
Next Wave of U.S. Crypto ETFs Set to Launch After Blockbuster 2024 Debut
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The beginning of 2024 marked a historic moment for the cryptocurrency industry, as the launch of U.S. spot bitcoin exchange-traded funds (ETFs) was anticipated...
Taiwan Stocks Close Lower; Taiwan Weighted Index Falls 0.88%
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Taiwan's stock market closed lower on Friday, with losses in key sectors including Oil, Gas & Electricity, and Computers & Peripherals contributing to the...
EURJPY Resumes Decline – Forecast for January 3, 2025
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The EURJPY currency pair has successfully breached the support line of a minor bullish channel at 162.20, triggering a negative move that has seen...
Rupee Hits Fresh All-Time Low of 85.80: Why Is the Indian Currency Falling Against the Dollar?
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The Indian rupee has hit a fresh all-time low of 85.80 per US dollar on Friday, marking a significant decline for the fourth consecutive...
“Bitcoin as Future Currency” – US Space Company Buys $21 Million Worth
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KULR Technology Group, a space technology company listed on the New York Stock Exchange (NYSE), has made a significant move by purchasing $21 million...
Brazilian Stocks Close Higher, Bovespa Rises 0.01%
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Brazilian stocks finished higher on Monday, with gains in the Electric Power, Basic Materials, and Telecom sectors boosting market sentiment. The Bovespa index edged...
Colombian Stocks Close Lower, COLCAP Index Drops 0.17%
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Colombian stocks ended the trading session lower on Monday, as losses in the Financials, Investment, and Public Services sectors weighed on the market. The...
Mexico Stocks Close Lower; S&P/BMV IPC Falls 0.77%
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Mexican stocks finished lower on Monday, driven by losses in the Industrials, Consumer Goods & Services, and Consumer Staples sectors. The S&P/BMV IPC index...
U.S. Stocks Close Lower, Dow Jones Drops 0.97% as Sectors Weigh on Markets
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U.S. stocks ended lower on Monday, with significant losses in the Consumer Goods, Basic Materials, and Healthcare sectors leading the decline. At the close of...
EURCHF Surpasses Key Resistance Level, Eyes Further Gains – Market Outlook for 30th December 2024
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The EURCHF currency pair has been buoyed by positive momentum, recently breaking through the 0.9380 mark. This rally comes amid heightened pressure from stochastic...
Central Banks and Sovereign Funds Increase Crypto Reserves
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The rapid rise in the valuation of digital currencies has caught the attention of sovereign investors and central banks, prompting a significant shift in...