Mexico City – In a recent press conference, Mexican President Andres Manuel Lopez Obrador announced his government’s commitment to reinforcing measures aimed at containing migration. This comes as a response to the unprecedented numbers of individuals attempting to reach the United States border. The President’s declaration follows a discussion with U.S. President Joe Biden, during
The U.S. Dollar Index has recently tested new lows due to the decline in the PCE Price Index. According to the latest report, the index fell from 2.9% in October to 2.6% in November. This downward trend has raised concerns among traders, leading to a decrease in the value of the American currency. However, the
The GBPJPY currency pair has been experiencing a lack of clear direction over the past two weeks. This is evident from the absence of a consistent trend in its price movement. In this article, we will delve into the technical indicators that have contributed to this indecisiveness in the market. One significant factor that has
The euro has demonstrated its strength this week by reaching the significant 1.10 level against the US dollar. This level is psychologically significant and is also marked by the 200-Week EMA, making it an important area to watch. Despite concerns about liquidity during the upcoming holiday season, it is increasingly evident that any short-term pullbacks
The USDCHF currency pair has recently tested July’s eight-year low, indicating a bearish trend in the market. Sellers have been dominating, but their hold on the market may be temporary. Core PCE inflation data, set to be released at 13:30 GMT, could potentially disrupt their current position. Over the recent period, sellers have been able
The National Park Service has announced that it will be offering free admission to U.S. national parks on six specific days in 2024. With more than 400 national parks in the country, most of them already offer free entrance all year round. However, there are 109 parks that typically charge an entrance fee, including popular
In recent trading sessions, the USDCAD pair has experienced a significant sell-off, which has caused the currency to weaken against the Canadian dollar. This downward movement has been reinforced by the occurrence of a death cross pattern on both the short-term (20-day) and long-term (200-day) simple moving averages (SMA). The death cross is a technical
The USD/JPY pair has been struggling to break above the 145.00 resistance zone and has now started to decline. A major bearish trend line is forming with resistance at 144.00 on the 4-hour chart, indicating that the bears are in control. Looking at the technical indicators, the pair has settled below the 144.00 level, the
The Bank of England (BoE) has recently come under fire for its slow response to the significant decline in UK price growth. Official data has revealed a sharp drop in consumer price growth from 6.7% in September to 3.9% in November, catching many by surprise. This sudden decrease in price growth has triggered market reactions,
Morgan Stanley CEO, James Gorman, announced on Thursday that he will be joining a succession planning committee at Disney. This committee will provide advice to the board in selecting CEO Bob Iger’s successor. Gorman, who is stepping down as Morgan Stanley CEO on January 1, is set to join Disney’s board in February. His appointment
The United Kingdom and Switzerland have recently signed a groundbreaking financial services deal that aims to strengthen the ties between these two prominent banking centers in Europe. This post-Brexit agreement, known as the Bern Financial Services Agreement, is seen as a significant triumph for Britain, as it signifies its ability to forge alliances outside of
The French cryptocurrency market has taken a significant step forward as Coinbase, a major cryptocurrency exchange, secured its registration with France’s markets regulator. This approval, granted by the French AMF watchdog, enables Coinbase to expand its services and operate digital currency operations in the country. In this article, we will explore the implications of this