The Turkish lira remained at a record low against the US dollar, continuing a trend that has been going on for decades. The USD/TRY exchange rate was trading at 42.4, up by 21% from where it was trading at in January this year. Turkish inflation drops, raising odds of a CBRT rate cut The USD/TRY
The USD/INR exchange rate continued its bull run as investors waited for the upcoming Reserve Bank of India (RBI) interest rate decision. The Indian rupee was trading at 89.85 against the US dollar as it moved closer to the psychological point at 90. India and US trade deal is elusive as its economic growth continues
Rolls-Royce share price remains under pressure this month, moving from the year-to-date high of 1,195p in September to the current 1,040p. It is hovering near its lowest level since August this year. So, will the stock rise or fall in December this year? Rolls-Royce share price technical analysis The daily timeframe chart shows that the
A crypto market crash happened in November, with the valuation of all tokens dropping by over 20%. This decline happened after the aftermath of the October 10th liquidation event. Bitcoin price dropped from a high of $126,300 in October to a low of $80,495, while most altcoins had a steeper dive. So, will the market
Airbus share price moved sideways as investors assessed the impact of last week’s recall of its most important jet. AIR was trading at €204, down by 5.35% from its highest point this year. So, will the Airbus A320 recall crash the stock? Airbus A320 recall The main catalyst for the Airbus stock price is a
Silver price rallied to a fresh all-time high on Friday as a slump in Chinese inventories heightened supply concerns. This comes a few weeks after the recent silver squeeze in London that pushed prices to the record high hit in late October. Besides, bets on a 25-basis-point rate cut during the Fed’s December meeting have
The Zimbabwean ZiG currency has remained in a tight range this week as investors reacted to the new announcement by the government. The USD/ZWG exchange rate was trading at 26.19, where it has remained this year. Zimbabwe pledges not to abandon the US dollar The Zimbabwe ZiG currency was unchanged after President Mnangagwa announced that
The USD/CHF exchange rate has remained in a narrow range in the past few months as investors watched trade relations between Switzerland and the United States. It has remained inside the support of 0.7865 and the resistance at 0.8152. So, what’s next for the Swiss franc? Franc steady after the US and Switzerland deal The
Palladium price remains range-bound with limited upside potential compared to its substitute; platinum. In the short term, it is finding support in the easing of the US dollar rebound and steady safe-haven appeal. Besides, increasing bets on a dovish Fed during its December meeting are a bullish driver. Palladium price forecast points to curbed upside
Fresh signs of resilience in the US labor market have curbed GLD gold price gains even as the persistent uncertainties offer steady support to the precious metal. At the time of writing, the bullion was trading at $4,163 an ounce amid heightened bets for a 25 basis point rate cut by the Fed in December.