Amazon is prioritizing using artificial intelligence (AI) to enhance delivery speed by reducing the distance between products and customers. Speaking to CNBC on May 15, Stefano Perego, vice president of customer fulfillment and global operations services for North America and Europe at Amazon, said that artificial intelligence plays a role in various aspects of Amazon’s
Month: May 2023
COMEX Gold prices are poised for the first weekly loss in three, after touching a near record high of $2,085.4 per troy ounce in the previous week. The yellow metal edged higher at the start of the week, as the latest SLOOS survey showed that Q1 credit standards tightened. The Federal Reserve said banks reported
Yen declines broadly in Asian session, appears to be more of a reaction to rally in Nikkei, which broke through 29500 level for the first time since November 2021, and now seems poised to challenge 30000 psychological level. Dollar, along with its safe-haven counterpart, Swiss Franc, also trended lower as these currencies recalibrate following last
USDCAD moves above 100 day moving average The USDCAD is extended to a new session high and in the process testing/moving above the 100-day moving average at 1.35116. Just above that level is a key swing area floor that stalled the market between April 21 and May 5. That area comes between 1.3517 and 1.35266
2023 GDP growth seen at 1.1% (previously 0.9%) 2024 GDP growth seen at 1.6% (previously 1.5%) 2023 inflation seen at 5.8% (previously 5.6%) 2024 inflation seen at 2.8% (previously 2.5%) For some context, the previous forecasts were made back in February. So, while better economic growth is a positive, inflation remaining stubbornly high is surely
Share: EUR/GBP reverses an intraday dip to the 0.8700 mark, albeit lacks follow-through buying. The BoE’s less hawkish outlook undermines the GBP and acts as a tailwind for the cross. The mixed comments by ECB policymakers warrant caution for aggressive bullish traders. The EUR/GBP cross attracts some buying following a modest gap down opening on
This is a recap video where I’ll explain how I traded GBPJPY during the London session after the Asia session break and before the NFP and unemployment numbers came out, using a simple smart money concept strategy / supply and demand entry GET A COPY OF THE COMPLETE SMT EBOOK HERE: https://forexsom.gumroad.com/l/rnujdv to buy with
Gold is expected to remain range bound over the next week in the absence of any clear triggers. The yellow metal ended flat while silver closed with declines dragged by the dollar index which managed to breach the 102 mark against the basket of six major currencies. The price is expected to move between support
The USD has pushed to new highs as the market reacts negatively to the five-year inflation expectations from the Michigan sentiment index which rose to 3.2% from 3.0% last month. The level is the highest since 2011. That has spooked the market. Yields are moving higher: 2 year 3.980% +7.5 basis points 10 year 3.442%
Incumbent President Erdogan’s vote in Turkey’s Presidential vote is below 50%. Just under 90% of the vote have been counted. If no candidate gets more than 50% of the vote a runoff vote will be next. There are reports of Turkey’s state banks buying TRY to support the currency. As a guide its circa 19.70
A widely followed measure of inflation rose in April, despite more than a year’s worth of Federal Reserve interest rate increases. The consumer price index, which measures the cost of a broad swath of goods and services, increased 0.4% for the month, in line with the Dow Jones estimate, according to a Labor Department report
Memecoins’ security and dependability as a medium of exchange remain a topic of debate in the cryptosphere. Memecoins are said to be safe and decentralized, but some are concerned about their volatility and lack of oversight. Memecoin proponents claim that because they are decentralized, users have more control over their money and are protected from
Spot gold rose to a near-all-time high in the first week of May. Multiple catalysts like the weak US dollar, the US debt ceiling standoff, and global economic fears pushed prices higher. Tracking overseas sentiment, spot and futures prices in the domestic market hit a historic high. Predictions of a pause in US interest rates
The DXY index is breaking outside of range since April 11 The DXY is making a break for it today. Looking at the DXY hourly chart above, the price has moved above the swing high from May 2 at 102.40 and is breaking outside of an up-and-down trading range mostly between 101.00 to 102.40 (see
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
Janet Yellen, US Treasury secretary, during a news conference at the Group of Seven (G-7) finance ministers and central bank governors meeting in Niigata, Japan, on Thursday, May 11, 2023. Bloomberg | Bloomberg | Getty Images Treasury Secretary Janet Yellen said the idea of U.S. lawmakers letting the nation default on its debt should be
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