In an unexpected turn of events, the central bank of Turkey has escalated its key interest rate from 45% to an unprecedented 50% on 21 March 2024. This bold measure aims to tackle the nation’s escalating inflation, currently at 67.10%,
March 26, 2024
Image Source: Pixabay Overview: After surging last week, the dollar consolidated yesterday and is continuing to do so today at slightly lower levels. The Swiss franc is the only G10 currency unable to gain traction against the greenback today. Still, the dollar’s pullback
What drives the price of gold?That’s a fascinating question, which is the subject of an article asking that exact question at Investopedia. We’re going to cut straight to their bottom line answer: Today, the demand for gold, the amount of gold in
Block (SQ) (formerly Square, Inc.), is a U.S. public company that provides financial services and mobile payments. In this article, we will be taking a look at the technical structure following the Elliott Wave Theory to define the path within current daily cycle.SQ started the initial rally from October
Image source: Pixabay US equity futures point to a positive market open later this morning as stocks look to rebound from yesterday’s move lower. Despite that modest setback, with three days left in March, the major US market benchmarks are tracking
Solana chart analysisThis morning, we saw a jump in the price of Solana to the $198.00 level. The price initiated a strong bullish consolidation on Sunday evening above the $178.00 level. There, we made a break above the EMA200 moving
Image Source: Pixabay Function – Counter-trend Mode – Corrective Structure – Triangle wave X Position – Wave X still in play Direction – Sideways for X of (X) Details – Not much has changed since the last update. The last leg of triangle wave X is
USD Softens Following FOMC RallyThe US Dollar is turning lower today as traders await the next set of US data inputs due later. On the back of the FOMC last week, the Dollar had initially rallied. Despite the Fed maintaining
Image Source: Pixabay The Dow Jones Index (US30) decreased by 0.41% as of Monday’s stock market close. The S&P 500 Index (US500) was down 0.31%. The Nasdaq Technology Index (US100) closed negative 0.27%. Stock indices declined moderately on Monday as some hawkish comments from the Federal Reserve pushed T-note
The USD/BRL closed yesterday’s trading with a reversal lower leaving the currency pair within the middle of its near-term price range, this as global Forex remains nervous. On last Tuesday the USD/BRL climbed to a high above the 5.0500 mark
