Day: June 28, 2023

Jun 28
US Data Strength Pushes Back Against Recession Fears

Better US Data Bolsters Sentiment US stocks turned higher yesterday in response to the latest set of economic data out of the US. New home sales were seeing rising at their fastest pace in over a year at 763k, up from 680k prior and well above the 677k the market was looking for. Additionally, consumer […]

Jun 28
Crude Prices Rallying Ahead of EIA Release

EIA Up Next Crude oil prices are trading a little firmer today ahead of the latest update from the EIA due later today. On the back of the 3.1-million-barrel deficit reported last week, the market is looking for a further drawdown this week of 1.4 million barrels. Despite the drawdown reported last week, crude prices […]

Jun 28
FCA warns against Tradecare365

Unauthorised firm details Name: Tradecare365 Email: [email protected], [email protected], [email protected] Website: www.tradecare365.com Some firms may give incorrect contact details including postal addresses, telephone numbers and email addresses. They may change these contact details over time. They may also give you details that belong to another business or individual, so the information looks genuine.

Jun 28
FCA warns against zayanbusinessbvba.com

Unauthorised firm details Name: zayanbusinessbvba.com Telephone: 02080890984 Email: [email protected] Website: www.zayanbusinessbvba.com Some firms may give incorrect contact details including postal addresses, telephone numbers and email addresses. They may change these contact details over time. They may also give you details that belong to another business or individual, so the information looks genuine.

Jun 28
Technical Analysis & Forecast 28.06.2023

EURUSD, “Euro vs US Dollar” The currency pair has corrected to 1.0970. A decline to 1.0903 is expected today. And if this level also breaks downwards, the potential for a decline to 1.0855 could open, from where the trend might continue to 1.0750. GBPUSD, “Great Britain Pound vs US Dollar” The currency pair has corrected […]

Jun 28
The cryptocurrency market digest (BTC, Bitcoin-ETF). Overview for 28.06.2023

The BTC is hovering around 30,424 USD on Wednesday. Investors are still waiting for positive momentum to drive their buying decisions. The correlation with the US stock market is still low due to the high volume of domestic news. The longer the period of consolidation in BTC lasts, the higher the chances of a slight […]

Jun 28
FCA warns against ORTEXTRADE

Unauthorised firm details Name: ORTEXTRADE Address: Maidenstone Hill, London, England, UNITED KINGDOM, SE10 8SY Email: [email protected] Website: https://ortextrade.com Some firms may give incorrect contact details including postal addresses, telephone numbers and email addresses. They may change these contact details over time. They may also give you details that belong to another business or individual, so […]

Jun 28
FCA warns against BITAXIS CAPITAL

Unauthorised firm details Name: BITAXIS CAPITAL Address: 17 Grosvenor Street, London, England, UNITED KINGDOM, W1K 4QG Telephone: +447888878150 Email: [email protected] Website: https://bitaxiscapitals.com Some firms may give incorrect contact details including postal addresses, telephone numbers and email addresses. They may change these contact details over time. They may also give you details that belong to another […]

Jun 28
Copper Prices Sinking on China Economic Fears

China Economic Fears Copper prices are under heavy selling pressure as we cross through the middle of the week as fears over the Chinese economy and hawkish Fed expectations combine to weigh on sentiment.  The latest round of data out of China showed that profits from industrial firms there slowed sharply in the first five […]

Jun 28
The flow of US Data Dashes Hopes of a Pause in the Federal Reserve’s Tightening

Gold investors appear to have become weary of waiting for low interest rates (as central banks show no indication of halting their current tightening course), developments in the US banking stress narrative or geopolitical tensions that would ultimately validate their optimistic outlook for gold’s growth potential. On Wednesday, gold accelerated its decline, and the test […]