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About: josephine

Recent Posts by josephine

GBPUSD reaches one-year high on positive UK and negative US economic data

Key Points:  The British pound (Symbol: GBPUSD) floated to a one-year high of $1.2985, driven by favourable economic data from both the UK and the US. The pair opened the week with positive momentum as forex traders responded to unexpected growth in the UK and easing inflation in the US.  Picture: GPBUSD reaches one-year high, Continue Reading

Google eyes $23 billion acquisition of cybersecurity firm Wiz

Key Points:  Google (Symbol: GOOG) is reportedly in discussions to acquire cybersecurity firm Wiz for $23 billion. This acquisition, if completed, will mark the largest ever purchase of Google, surpassing its $12.5 billion acquisition of Motorola Mobility in 2012. The deal highlights a strategic push from Google to enhance its cloud computing and cybersecurity offerings, Continue Reading

Dollar falters as Fed rate cuts approach

Key points: The dollar experienced a mixed performance on Wednesday following a brief boost from better-than-expected U.S. retail sales data. Traders remained focused on the prospect of Federal Reserve rate cuts potentially as early as September. The New Zealand dollar (NZDUSD) rose as data revealed higher-than-expected non-tradable inflation in the second quarter, despite the headline Continue Reading

NZ dollar rises despite rate cut expectations and high inflation

Key points: The New Zealand dollar strengthened on Wednesday as domestically-driven inflation remained high, though headline figures eased to a three-year low. Despite this, markets continue to expect around three rate cuts by the end of the year. See: Kiwi on the rise, trading at 0.60744 as seen on the VT Markets app. New Zealand’s Continue Reading

Japan likely conducting intervention to defend the yen

Key Points:  This article is a follow up to: Yen fluctuates with intervention talks  Japan appears to have intervened in the foreign exchange market to defend the yen on Friday, according to calculations based on data from the Bank of Japan (BoJ) and private money brokers. The daily projection of BoJ released on Tuesday indicated Continue Reading

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