You are probably already familiar with Senditoo. What started out as a transfer of airtime morphed into a full-fledged money transfer service. Over the years we have watched the service gain partners and expand its reach in Zimbabwe and across Africa. In Zimbabwe, Senditoo partnered with a number of banks, allowing their customers to raise … Read more
The European reporting season continues to surprise. Historic drought in Europe threatens trade. Federal Reserve members Repeat the need for further rate hikes. Understand inflation and its global impact DAX 40: Trims profits when risk appetite subsides, technical obstacles in play That DAX rallied higher in early European trade before paring gains as we neared … Read more
If you are looking for an indicator that can help you spot reversals or Trend continuations, it might be worth adding the Awesome Oscillator to your forex charts. In this post, we explain exactly what this momentum indicator is and how you can use it to spot trading opportunities. What is the Awesome Oscillator indicator? … Read more
After Wednesday’s post-CPI dump, the dollar managed to recover a bit as a couple of Fed officials discussed what the fall in inflation means for monetary policy before it eased ahead of the US PPI release later on Thursday and the UoM consumer sentiment and inflation expectations surveys went back down on Friday. With … Read more
It is estimated that US$2.5 billion circulates outside Zimbabwe’s formal banking system, with households, businesses and foreign investors preferring to keep their hard-earned foreign currency close to their pockets. Given a favorable political environment, the millions exchanging hands outside of formal banking channels would help oil the local credit market, contain foreign currency challenges in … Read more
Bear and bull flag patterns are two common motifs that can predict the continuation of a trend. Find out all about them here – including flag swapping and the differences between flags and pennants. What is the bull flag pattern? The Bull Flag pattern is price action that occurs on candlestick charts after a … Read more
Investors are certainly in a more optimistic mood as relief from US inflation data sweeps through markets. Upside surprises have been hard to come by on the inflation front this year and yesterday’s report was welcomed with open arms. While we shouldn’t get too carried away by the data as headline inflation is still 8.5% … Read more
market mover today Markets will continue to digest yesterday’s US CPI read, which will be followed by July’s PPI this afternoon. Consensus is looking for moderate PPI growth in line with the CPI. Money market participants’ inflation expectations for Sweden will be released tomorrow ahead of the actual inflation data. The 60 second overview Inflation: … Read more
The entire start of the week acted as a placeholder for the US CPI data release and well, at least the main event delivered. There was some significant movement in the markets yesterday but things have calmed down significantly so far today. The tight ranges between the dollar pairs illustrate the temporary inaction: I would … Read more
The ABB chairman tells the FE SIDDIQUE ISLAM | Released: Aug 11, 2022 09:17:22 | Updated: Aug 13, 2022 08:30:33 The Association of Bankers, Bangladesh (ABB) has called on all concerned stakeholders to create an enabling environment that allows the interbank foreign exchange market to function effectively. “In general, interventions and restrictions in any market … Read more