Nigerian stocks and the naira, the local currency, have soared this year, helped by elevated oil prices and the reforms made by Bola Ahmed Tinubu. Nigerian stocks and naira have jumped this year Data shows that Nigeria’s NSE All Share Index has jumped by 58% this year and by 86% in the last 12 months.
The US Dollar traded in a narrow range at the start of the week, while major currency pairs showed limited movement. Meanwhile, oil prices advanced amid the absence of any signs of de-escalation in the Middle East crisis. The US Dollar (USD) Index fluctuated below the 101.00 level after posting a two-day rebound at the
The GBP/USD pair rose to around 1.3355 during the early European session on Tuesday. The British pound strengthened against the US dollar. Investors increased bets that the Bank of England could raise interest rates later this year. Markets expect the central bank to tighten policy to keep inflation under control. Market sentiment toward the pound
The US dollar remained supported on Tuesday after benefiting from a risk-averse market environment at the start of the week. Investors also turned their attention to the upcoming US inflation data, while rising geopolitical tensions continued to lift oil prices and pressure several major currencies. The US Dollar Index (DXY), which closed in positive territory
The US Dollar (USD) remained under bearish pressure during the European session on Wednesday after weakening against its major counterparts in the previous session. It was trading around 100.80. Market participants turned their focus to upcoming economic data and central bank decisions. The US Bureau of Labour Statistics is set to release the June Producer
Pepperstone, a leading CFD broker, today announced the expansion of its Perpetual CFD offering as financial markets increasingly move toward continuous trading. The rollout extends perpetual market access beyond digital assets, reflecting a broader shift underway across global finance, where investors are demanding markets that operate around the clock rather than within traditional exchange hours.
Pepperstone, a leading CFD broker, today announced the expansion of its Perpetual CFD offering as financial markets increasingly move toward continuous trading. The rollout extends perpetual market access beyond digital assets, reflecting a broader shift underway across global finance, where investors are demanding markets that operate around the clock rather than within traditional exchange hours.
Major currency pairs traded in narrow ranges during the European session on Thursday as the US dollar found some support after a two-day decline. Investors shifted their attention to the upcoming US economic releases, including weekly Initial Jobless Claims and June Retail Sales data. The US dollar stabilized after coming under pressure earlier in the
The US Dollar remained resilient against its major peers early Friday as investors continued to monitor developments in the Middle East and looked ahead to a fresh batch of US economic data. Market participants are set to focus on the US economic calendar later in the day, which includes the June Export Price Index, Import
Major currency pairs remained within familiar trading ranges early Tuesday as investors avoided taking large positions while closely monitoring developments surrounding the Middle East crisis. Market attention remained focused on geopolitical headlines, with ongoing military activity between the United States and Iran continuing to influence sentiment. Investors were also assessing the potential economic and market