DitsIntelligence: Latest Global Market News, Forex Market Education

Xavier Vera - Grunauer , Ecuador's energy minister, issued a warning on Sunday, stating that if protests and obstacles continue, oil production might reach a "critical" point and completely cease within 48 hours. "The volume of oil production is essential." The country's oil production will be terminated in less than 48 hours if this situation persists because vandalism, the seizing of oil wells, and road closures have made it impossible to transfer the diesel and equipment required to keep operations running. Production, which was at about 520,000 barrels per day prior to the protests, has decreased by more than 50% as of today, according to the figures. According to AFP News, the president of Ecuador reportedly declared that fuel prices would be reduced. The Market Reaction Following the aforementioned news, WTI is back in the green after erasing early losses brought on by the G7 talks on Russian oil shipments and the Iran nuclear deal. The price of US cru...

IMF Managing Director Kristalina Georgieva stated in an annual evaluation of US economic policy over the weekend that the US Gross Domestic Product (GDP) is now anticipated to increase by 2.9 percent in 2022, down from its most recent prediction of 3.7 percent in April. Key Takeaways In 2023 and 2024, the US economy will expand by 1.7 and 0.8 percent, respectively. The US economy expanded by 5.7 percent in 2021 after shrinking by -3.4 percent in 2020. We anticipate that the US economy will decelerate in 2022–2023 but barely escape entering a recession based on the median prediction for the policy rate issued at the June FOMC (Federal Open Market Committee) meeting. "The predicted slowdown in US demand, coupled with the necessary tightening of global financial conditions, has great potential to adversely affect individuals, firms, and governments who are leveraged in US dollars and/or that face major near-term funding needs," according to the report. "By late 2023 or earl...

  After the Bank for International Settlements (BIS) projected dangers for a worldwide stagflationary situation, Australian Finance Minister Katy Gallagher expressed her concerns about the economic difficulties her country is currently experiencing. After declining for two consecutive months, the overall gauge stabilized at the neutral level. Following the lifting of the lockdown in financial capital Shanghai in June, which allowed businesses to reopen and the majority of inhabitants to leave their houses, economic activity increased. A turnaround in small business confidence, which had been decreasing for two months, indicates this. The Market Reaction Markets are still cautious due to persistent recession worries and a decline in Chinese industrial profits. But as of this Monday, USD/CNY is still marginally offered about 6.6880. Learn to Trade with Best and Trusted Global Broker Start your journey with us and learn from basic to advance with one to one training session. Get full ...

China's GDP Is Anticipated To Increase By 4.7 Percent This Year, Falling Short Of The Aim Of 5.5 Percent, According To PBOC's Wang According to a statement released on Monday by Wang Yiming, a member of the People's Bank of China's (PBOC) monetary policy committee, the Chinese economy is predicted to rise by 4.7 percent this year. According to Wang, China's economy may experience a significant upturn in the second half, "but challenges remain for the 5.5 percent aim." The central bank advisor said on Saturday that the nation might try to stimulate the economy by issuing unique national bonds that don't count as financial deficits. The Market Reaction When last seen, the USD/CNY currency exchange rate was traded at 0.6860 points, down 0.04 percent on the day. The aforementioned remarks have no effect on the pair. Learn to Trade with Best and Trusted Global Broker Start your journey with us and learn from basic to advance with one to one training session...

  In today’s new trade, the People’s Bank of China (PBOC) fixed the Yuan currency (CNY) at 6.6850 in comparison with the previous day’s trade, which closed at 6.6898 points. About the Fixation China manages stern control over the Yuan’s currency rate on the mainland. The onshore Yuan currency (CNY) is always differentiated from the off-shore Yuan currency (CNH) in the trading limitations, but the latter one is not as rigidly controlled. On each morning, the People’s Bank of China (PBOC) fixes a so-called mid-point fix, which is based on the preceding day’s closed value and the various kinds of quotations taken from the inter-bank dealer. Learn to Trade with Best and Trusted Global Broker Start your journey with us and learn from basic to advance with one to one training session. Get full knowledge about the market from our expert team and become expert in market. Free Enquiry Now:    Click Here

  In today’s latest trade, the People’s Bank of China (PBOC) fixed the Yuan currency rate (CNY) at 6.7079 points in comparison with the estimated one at 6.7046 points, and the preceding day's trade closed at 6.7109 points. About the Fixation China manages stern control of the Yuan’s currency rate (CNY) on the mainland. The onshore Yuan (CNY) currency is always differentiated from the offshore Yuan (CNH) currency in the trading limitations, but the latter one is not as rigidly managed. On each morning, the People’s Bank of China (PBOC) fixes a so-called mid-point fix, which is based on the Yuan’s preceding day’s closing value and the various kinds of quotations taken from the inter-bank dealer. Learn to Trade with Best and Trusted Global Broker Start your journey with us and learn from basic to advance with one to one training session. Get full knowledge about the market from our expert team and become expert in market. Free Enquiry Now:    Click Here Forex Market News Cur...

Former Japanese vice Finance Minister for International Affairs Takehiko Nakao issued a statement on Thursday warning that the present weak yen currency is bad for the economy. In the previous hour, USD/JPY currency pair saw a further decline as some stops appeared after a break below 135.50. The demand for the safe-haven yen currency was also increased by the return of risk-off flows. The USD/JPY pair is presently trading at 135.40, down 0.63 percent on the day, approximately 100 pip below its daily high of 136.27. 135.15 was recorded as the daily low. Learn to Trade with Best and Trusted Global Broker Start your journey with us and learn from basic to advance with one to one training session. Get full knowledge about the market from our expert team and become expert in market. Free Enquiry Now:    Click Here

  China President Xi Jinping promised to accomplish economic goals for the year despite the nation dealing with cholera outbreaks and a poor property market in a keynote address at a virtual BRICS Business Forum on Wednesday. Additional Quotes In order to accomplish its social and economic development goals for 2022 and lessen the effects of COVID-19, China would "strengthen macro-policy adjustment and employ more effective measures." China's strategy for combating COVID "safeguarded people's lives and health while stabilising the foundations of economic and social development to the greatest extent possible." The Market Reaction Despite the Chinese president's confidence, the market is underwhelmed with the AUD/USD pair as recession worries dominate. The price of the pair was last seen trading at 0.6887, down 0.56 percent on the day. Learn to Trade with Best and Trusted Global Broker Start your journey with us and learn from basic to advance with one to...

  By the close of Wednesday's North American session, US inflation expectations—as measured by the 10-year breakeven inflation rate—had fallen for the third day in a row to their lowest level since late February. Despite this, the inflation gauge's most recent reading of 2.54% remains unchanged from its reading of February 25. Following a three-day downturn, the US dollar continues under pressure at 104.20, suggesting that it is bearing the brunt of the most recent drop in inflation expectations. The dollar gauge is preparing for its first weekly drop in four weeks as a result. It's important to note that Fed Chair Jerome Powell has also expressed a willingness for higher rates while emphasising the data-dependency for an unexpected increase in benchmark rates. The US Treasury yields appear to have come under downward pressure as a result, and this has helped the stock market to consolidate its losses. While the US 10-year Treasury rates remain under pressure around the wee...

  On Thursday, South Korea's Finance Minister Choo Kyung-ho spoke out, saying that they will "try to limit detrimental impact from falling won." He stated that if necessary, they "would announce measures to calm the FX market." The Market Reaction The South Korean government's efforts to boost the South Korean won temporarily aided the struggling currency as USD/KRW fell from daily highs of 1,302.79 points. As at the time of writing, the USD/KRW pair is up by 02.17% on the day, trading at 1,300 points. In response to fears of an impending global recession, the won fell below the 1,300 level against the US dollar for the first time in 13 years. According to Reuters, "the won has depreciated more than 8% this year, following an 8.6% plunge in 2021 that was the fastest annual decrease since 2008." Learn to Trade with Best and Trusted Global Broker Start your journey with us and learn from basic to advance with one to one training session. Get full kno...

  What Is The Best Way To Make Money Trading Forex What is Forex (FX) trading? It is nothing but the buying and selling of currencies. You can easily place a trade in the currency exchange market. The trade mechanics are very similar to those found in the stock exchange market. If you have any experience in trading, you can easily invest in the foreign currency market . But don’t worry, if you have zero knowledge of trading, you can slowly pick it up with our Forex trading articles. The main objective of Forex trading (FX) is to exchange one country’s currency in relation to another country’s currency with an expectation of a boost in prices. Here is an example: In the EUR/USD currency pair , if you have purchased 10,000 Euros (+10,000), which is equivalent to 11,800 USD (-11,800). But, after two weeks, you would like to exchange the 10,000 Euros back to the US dollar, and then the exchange rate is 1.2500 (+12,500). Hence, you earn a profit of 700 US dollars (+700). EUR 10,000 *...