Yesterday witnessed GBP poorest daily performance against the EUR since back in April. Recent earning reports across the globe, including UK entities – has shown a slow down in performance and markets are more prominent that Bank of England will be forced to lower their interest rates at their meeting next week.
Forex trading can be an exciting yet stressful endeavour for both novice and experienced traders alike. The 24-hour nature of the forex market, coupled with its sheer size and volatility, means there are always opportunities available, but also constant risks. This is why many traders have started incorporating forex trading bots into their approach.
Yesterday we saw the Bank of Canada cut their interest rates by 25 basis points for a second consecutive month, bringing their policy rate down to 4.50% in line with expectations.
Tuesday is quiet day in terms of data – with no high impact events for neither European Union, UK nor the US. With that considered, we have seen a slight USD strength in the morning.
Energy futures play a critical role in the commodities market, offering investors a way to hedge against potential price fluctuations and speculate on future prices. By understanding the symbols associated with various energy futures, such as Crude Oil and Natural Gas, traders can navigate this complex landscape more effectively.
Readings from the ECB bank lending survey sending mixed signals. Demand continues to fall for businesses in the Euro zone while household lending saw its first increase since 2022. A combination of improving housing markets, consumer confidence and increasing spending on durable goods is the was the main factors for a stronger demand.
Summer is usually the time of the year when a vast majority of people plan their vacations. And who can blame them since it's much better to spend hot, sunny days at the beach than deal with the city heat?
Revolut is a competitive money exchange and transfer service that is expanding into online banking as it started to offer virtual cards to its customers. Depending on the amount being exchanged or transferred, the fees charged may be attractive or not.
