Fundamental Overview Bitcoin rallied strongly last week after a failed attempt to assassinate the former US President Trump. The market reacted positively to the event because he’s been a supporter of the crypto industry and Trump’s odds of winning the election soared. Last night, the price of Bitcoin dipped on the news that Biden dropped
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US stocks will be looking to bounce back after a bit of a hiccup last week. Tech shares saw its worst showing since April with the Nasdaq erasing its monthly gains for July. So far today, we are seeing a calmer mood but it is still early in the day. S&P 500 futures are up
Gold August futures along with silver September futures contracts opened flat on Monday as the former opened up by 0.27% or Rs 194 at Rs 73,184 per 10 gram while the latter opened up by 0.03% or Rs 30 at Rs 89,676 per kilogram. Gold prices went down Rs 1,100/10 gm in the last 2
Joe Biden threw in the towel and announced that he quits the presidential race this weekend. He endorsed Vice President Kamara Harris to take his place. Harris said that she will do anything in her power to beat Trump, she got the support from Bill and Hillary Clinton while Trump said that Harris will be
In this article SAVE Follow your favorite stocksCREATE FREE ACCOUNT A Spirit Airlines aircraft undergoes operations in preparation for departure at the Austin-Bergstrom International Airport in Austin, Texas, on Feb. 12, 2024. Brandon Bell | Getty Images Spirit Airlines said Tuesday it would post a deeper-than-expected loss for the last quarter because of revenue that
Gold price holds positive ground near $2,410 in Monday’s early Asian session. High uncertainty surrounding the US Presidential election tends to be good for gold, a safe-haven asset. The first reading of US PMI, Q2 GDP, and June PCE data will influence the yellow metal this week. Gold price (XAU/USD) attracts some buyers around $2,410, snapping the
In the kickstart video for July 19th, I take a look at the three major currency pairs – the EURUSD, USDJPY and GBPUSD. The EURUSD has moved down continuing the decline from yesterday, and in the process tested its rising 200 hour moving average at 1.08794. That moving average will be a key barometer on
The not unexpected weekend news, a bombshell nonetheless. Justin all over it Sudnay US time: Market response has been subdued, the latest: Via twitter, the latest odds: There are over 100 days until the election, and the Democrat convention is a month away, where we will learn who their nominee is. But, if you want
Gold prices firmed on Thursday to hover near a record peak hit in the previous session, as traders ramped up bets of an earlier start to interest-rate cuts by the U.S. Federal Reserve, constraining gains in the dollar and Treasury yields. Spot gold was up 0.3% at $2,464.90 per ounce as of 1155 GMT, having
A Samba shoe on Oct. 12, 2023, in Berlin, Germany. Thomas Trutschel | Photothek | Getty Images Shares in Adidas rose on Wednesday after the company announced it would hike its full year 2024 earnings guidance following better-than-expected preliminary results for the second quarter. Adidas rose close to 5% after markets opened on Wednesday and
AUD/USD registered a significant drop on Friday, slipping below 0.6700. Employment data continues to shape possible RBA and Federal Reserve decisions. The Aussie’s downside is limited by the hawkish RBA stance which hasn’t shown signs of embracing cuts. In Friday’s session, The Australian Dollar (AUD) saw considerable losses against the USD, falling by 0.30% to
The USDCHF has continued to rebound from its session lows earlier this week, and in doing so, it has moved back above the 200-day moving average (MA) and the broken 38.2% retracement level. However, it is currently encountering resistance around the falling 100-hour MA near 0.8900, which aligns closely with the high of a recent
GBPUSD daily Credit Agricole sees GBP as one of the best-performing G10 currencies, despite recent setbacks due to returning risk aversion and stickier-than-expected UK inflation. The GBP’s relative strength is attributed to expectations that the BoE will maintain rates, reinforcing its status as a top performer in the G10 FX space. Key Points: Recent Performance:
Oil prices fell on Friday, setting up for a second weekly decline, as mixed economic signals weighed on investor sentiment and boosted the dollar. Brent crude prices fell by 51 cents, or 0.6%, to $84.50 a barrel by 0035 GMT. U.S. West Texas Intermediate crude futures fell 72 cents, or 0.9%, to $82.10 a barrel.
Last week proved to be a whirlwind for global markets, marked by a series of shocking events—from the failed assassination attempt on Donald Trump last weekend, to the historic global tech outage that occurred on Friday that brought significant attention but surprisingly little reaction from the financial markets. Still, after a volatile week for stocks,
In this article UAL Follow your favorite stocksCREATE FREE ACCOUNT United Airlines planes at Denver International Airport. Leslie Josephs | CNBC United Airlines‘ second-quarter profit rose more than 20% from last year as strong demand for international travel boosted the carrier’s results, but its third-quarter forecast came in shy of estimates as an oversupply of
NZD/USD trudges below the 0.6070 level, marking its worst week since January. The pair closed at 0.6010, indicating a weekly loss of approximately 1.80%. NZD/USD remains under the key SMA of 20, 100, and 200 days, pointing to a sustained bearish bias. In Friday’s session, the NZD/USD sustained its downward momentum, dropping by 0.65% to
The USDCAD has climbed higher during the North American session following weaker-than-expected retail sales earlier today. This, coupled with a weaker CPI earlier this week, sets the stage for a rate cut by the Bank of Canada next week (Wednesday). Technically, the price has broken above a downward sloping trendline, maintaining the bullish trend established