The recent tornado-spawning thunderstorms that swept through the Southern Plains and the Ozark Mountains have left a trail of destruction in their wake. The death toll stands at a staggering 21 people across four U.S. states, with hundreds of buildings destroyed in the process. The scale of the damage is truly alarming, and it serves
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The GBP/USD pair is currently experiencing a surge in bullish momentum as it climbs above the 1.2700 zone. This increase is supported by a key rising channel with resistance at 1.2785 on the 4-hour chart. The British Pound has managed to form a base above the 1.2640 zone against the US Dollar, indicating a potential
It is crucial to understand the risks involved in making financial decisions, especially when it comes to cryptocurrencies, contracts for difference (CFDs), and other complex financial instruments. These instruments come with a high risk of losing money, and investors should carefully consider whether they have a full understanding of how they work before investing. Conducting
In the early hours of Monday, there was very minimal activity in the market. This can be attributed to the fact that it was Memorial Day in the United States and the British were also celebrating a bank holiday. As a result, a significant amount of liquidity was pulled out of the market, leading to
In a strategic move to expand its international reach and compete with China-based rivals such as PDD Holdings and Shein, Alibaba’s international e-commerce platform, AliExpress, has announced its biggest global brand ambassador partnership to date with soccer star David Beckham. This partnership comes at a crucial time when competition in the global e-commerce market is
The Indian economy is facing a significant slowdown in growth, with economists predicting that the GDP growth rate in the January-March quarter of 2022 will be the slowest in a year. The country’s gross domestic product (GDP) unexpectedly grew by 8.4% in the previous quarter, thanks to a sharp drop in subsidies. However, most economists
The Euro has managed to maintain its position above the crucial 1.0800 level against the US Dollar, creating a sense of optimism in the market. The recent uptrend has seen the pair break above the 1.0825 resistance level and settle comfortably above the 200 and 100 simple moving averages on the 4-hour chart. This indicates
Paying with cash can offer a variety of benefits, including the opportunity to receive cash discounts on purchases. More and more merchants are starting to offer lower prices to customers who choose to pay with cash instead of credit cards. These discounts can range from 2% to 4% or even higher depending on the business.
French President Emanuel Macron’s upcoming state visit to Germany has sparked interest as the European Union’s two biggest powers strive to demonstrate unity before the EU parliamentary elections. Macron’s trip to Germany, including stops in Berlin, Dresden, and Muenster, highlights the significance of the German-French relationship in shaping EU policies. This visit comes at a
As we analyze the current state of the dollar in the Forex market, it is evident that the monthly scale has the potential to explore deeper waters. The 200-day SMA stands out as a crucial downside support target around 104.39. Breaking below this level could unearth further support at 103.62. The Relative Strength Index (RSI)
Argentine President Javier Milei has recently announced plans to implement a “significant” tax reduction in efforts to reduce state intervention in the economy and combat the ongoing economic crisis. However, the road to achieving this goal is not without its challenges. Despite Milei’s ambitions, he faces resistance in Congress, where he only holds a minority
U.S. Treasury Secretary Janet Yellen raised concerns about the increasing risks that European banks face when operating in Russia. She emphasized the potential need for the U.S. to strengthen its secondary sanctions on banks that are found to be aiding transactions for Russia’s war effort. Yellen highlighted the complexities and challenges associated with doing business