HocusFocus | The dollar traded near two-week highs against the euro on Tuesday as traders prepared for a data-rich week, including Friday’s U.S. jobs report, which could determine the path of interest rate cuts by the U.S. Federal Reserve. Investors will be focusing on US jobs data this week after Fed Chairman Jerome Powell last […]
Technical analysis of the US dollar against the Japanese yen The US dollar did recover somewhat during Monday’s early morning session, but it’s probably worth noting that the United States itself and Canada both celebrate Labor Day during the trading session, so this would have been more of a mid-day session. However, short-term declines should […]
Date 25.08.2024 9:15:26 AM (MENAFN) On Thursday, Egyptian Prime Minister Mostafa Madbouly announced the country’s ambitious plan to restore its oil and gas production to normal levels by 2025 by working with international partners. Egypt is looking to cement its position as a regional liquefied natural gas hub, capitalising […]
Social media in mainland China has been amused by a wealthy woman’s act of revenge against the staff of a luxury brand store. The woman, who described the incident as “the most upsetting incident of the year,” felt rejected by staff at a Louis Vuitton (LV) store and returned to the store two months later […]
Although it has not resulted in a full-blown rally, the rally in gas that began last week has continued. The reason for this is another geopolitical flare-up, but this time the Middle East is not causing the problems. The latter, however, could make the situation even worse if the fears come true and Iran ultimately […]
