Forex News

In July, the Small and Medium Enterprise Index (SMEI) rebounded to 50.4, showing signs of recovery in expectations and credit conditions. This improvement was evidenced by a rise from 49.9 in June, bringing the SMEI back into expansionary territory. Standard Chartered economists Hunter Chan and Shuang Ding noted that this rebound was largely due to
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The Brent oil price experienced a significant drop to a monthly low of USD 83.5 per barrel this week due to weak Chinese data. This volatility in the market was closely followed by a recovery, as noted by Commerzbank’s commodity strategist Carsten Fritsch. Despite the initial fall in prices, the time spreads of the Brent
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Gold prices in the Philippines saw a decline on Thursday, according to data compiled by FXStreet. The price for Gold dropped to 4,580.42 Philippine Pesos (PHP) per gram, compared to 4,607.54 PHP on the previous day. Similarly, the price per tola decreased to 53,425.16 PHP from 53,741.41 PHP. These fluctuations in Gold prices can have
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The US Dollar has recently experienced a significant fall, reaching its lowest value since March. This decline can be attributed to several key factors, such as the Federal Reserve’s dovish stance and lower US Treasury Yields. The market sentiment towards the USD has been impacted by the expectation of potential rate cuts by the Federal
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BlackRock, a major player in the asset management industry, reported a 10% increase in profits in the second quarter. This growth was primarily driven by the strong performance of its Exchange-Traded Funds (ETFs), which saw record inflows in the first half of the year. The company achieved a milestone by reaching $10.6 trillion in assets
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The USD/JPY pair is showing an upward trend, currently trading around 158.30 during the early Asian trading session. This rise can be attributed to the slight recovery in the US Dollar (USD) market. Investors are closely monitoring the US June Retail Sales data and eagerly anticipating the speech by Federal Reserve Chair, Adriana Kugler, for
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