NBE Pauses Independent Forex Bureau Licensing Pending Evaluation
Five firms licensed in October Regulators at the National Bank of Ethiopia (NBE) are no longer processing license requests for new applicants seeking to get involved in…
Wall Street Rises After Five-Day Losing Streak
eth-usd Ignacio Teson•Saturday, January 4, 2025•1 min read Add an article to your Reading List Register now to be able to add articles to your reading list….
Will the Dam Break? (Video)
Created on January 03, 2025 During the trading session on Thursday, we’ve seen the US dollar rally about 38 basis points against the Canadian dollar, which in…
Rupee falls to record 85.77 vs $, forex kitty at 8-month low
MUMBAI: The rupee closed at a record low of 85.77 against the dollar on Friday, marking its ninth consecutive week of losses. The decline is attributed to…
Weekly Forex Forecast For DXY, EURUSD, GBPUSD, USDCHF, And USDCAD (January 6-10, 2025)
The Forex market has started 2025 with some aggressive moves. The DXY remains strong, pushing pairs like EURUSD and GBPUSD below critical levels. USDCHF is facing a…
Euro Stabilizes as Spain Posts Strong Job Data
The euro has stabilized on Friday. In the European session, EUR/USD is currently trading at 1.0296, up 0.3% on the day. The euro fell as much as…
South Korea expands foreign banks’ access to FX market
The Korean won pares gains to close domestic trade at 1,468.4 to the dollar on Jan. 3 (Courtesy of News1) An increasing number of foreign banks without a physical presence in South Korea are gearing up to offer dollar-won conversion services to non-Korean residents. Starting this…
S&P500 Price Nears 5,868; Geopolitical Tensions and Economic Concerns In Play
eth-usd Arslan Butt•Friday, January 3, 2025•2 min read Add an article to your Reading List Register now to be able to add articles to your reading list….
Stocks Start the Year in Fear
The US stock market is starting the year in a state of fear bordering on extreme fear – the opposite of a year ago when the market…
British Pound Eyes US Manufacturing Data
The British pound has stabilized on Friday, after declining more than 1% a day earlier. In the European session, GBP/USD is currently trading at 1.2406, up 0.16%…