USD/CHF forecast ahead of the SNB interest rate decision today (June 18)
The USD/CHF exchange rate rose modestly after the Federal Reserve left interest rates unchanged on Wednesday, with investors now turning their attention to the Swiss National Bank’s upcoming monetary policy…
Crypto market at risk as liquidations jump 65% after hawkish Fed
The crypto market is on edge today, June 18, as investors react to the hawkish Federal Reserve decision and the ongoing boom in the stock market. Bitcoin price retreated below…
Here’s why Barclays, NatWest, Lloyds shares are pumping this week
UK banking stocks jumped to multi-month highs this week as investors cheered the US-Iran ceasefire deal and waited for the latest Bank of England interest rate decision.NatWest share price jumped…
BitMine stock: Tom Lee’s Ethereum bet backfires as key metrics plunge
BitMine stock price has crashed this year as Tom Lee’s Ethereum bet backfires. BMNR dropped to $15.70 on Wednesday, down substantially from last year’s high of $160. This retreat may…
Here’s why the IBM stock is falling after the Accenture earnings
International Business Machines (NYSE: IBM) stock price retreated sharply today, June 18, continuing a downward trend that started on June 2nd this year. It plunged to $245.8, down by 26%…
Warsh begins Fed revamp with new task forces and policy review
Federal Reserve Chair Kevin Warsh used his first press conference as the central bank’s leader on Wednesday to announce a broad review of the institution’s policies and operations, unveiling five…
Citi revises Fed rate-cut expectations following hawkish policy signals
Citigroup has revised its expectations for US Federal Reserve interest rate cuts, pushing back its projected timeline by one month as policymakers adopt a more hawkish stance and inflation concerns…
UK wage growth remains resilient as unemployment falls to 4.9%
UK wage growth remained stronger than expected in the three months to April, while the unemployment rate unexpectedly declined, according to official figures released just hours before the Bank of…
Bank of England holds rates at 3.75% as inflation risks persist
The Bank of England left its benchmark interest rate unchanged at 3.75% in June, maintaining its cautious stance amid ongoing uncertainty surrounding inflationary pressures linked to recent geopolitical developments.The central…
US jobless claims fall to 226,000 as layoffs remain low, labor market stays resilient
The number of Americans filing new applications for unemployment benefits fell last week, indicating that layoffs remain low and that the US labour market continues to show resilience despite broader…