In this article MCD Follow your favorite stocksCREATE FREE ACCOUNT McDonald’s fast food restaurant in Manhattan, New York, United States of America, on July 6th, 2024. Beata Zawrzel | Nurphoto | Getty Images After a challenging second quarter, McDonald’s executives told restaurant operators and analysts they are refocusing on how to recapture consumers with deals,
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The Pound Sterling recovers as investors expect the BoE to cut interest rates on Thursday. A few BoE policymakers may hesitate to vote for a dovish decision due to high inflation in the UK service sector. The Fed is widely anticipated to maintain the status quo. The Pound Sterling (GBP) posts a fresh two-week low near 1.2810
Fundamental Overview Bitcoin eventually managed to break above the key 67275 resistance as the risk mood improved in the latter part of last week. From a macro perspective, nothing has changed as the Fed is going to cut into resilient growth, which should ultimately be a strong bullish driver for the market. Over the weekend,
Headlines: Markets: USD leads, GBP and NZD lag on the day European equities mostly higher; S&P 500 futures up 0.4% US 10-year yields down 4 bps to 4.158% Gold up 0.1% to $2,388.23 WTI crude down 0.6% to $75.52 Bitcoin up 3.2% to $69,629 It was mostly a quiet session as markets are gearing up
Gold August futures contracts at MCX opened flat on Monday at Rs 68,160 per 10 gram, which is down by merely 0.04% or Rs 26 while silver September futures contracts were trading at Rs 81,700/kg, up by 0.4% or Rs 329. The prices of gold have fallen by Rs 3,400/10gm in July so far while
Trading in the forex markets has been notably subdued during the Asian session today, even as major Asian stock indexes showed strong rebounds. This muted activity in currency trading is not surprising given that it’s a typical Monday, coupled with an ultra light economic calendar. However, significant volatility is anticipated later in the week with
The Philips office building in Warsaw, Poland, on July 29, 2021. Nurphoto | Nurphoto | Getty Images Shares of Dutch device maker Philips jumped more than 10.5% in early deals Monday after the company reported better-than-expected second-quarter earnings. The stock pared gains slightly to trade up 10.45% by 9:32 a.m. London time. Comparable group sales
The Australian Dollar gains ground as the RBA is expected to hold interest rates next week. National Australia Bank (NAB) anticipates that the RBA’s cash rate will remain stable at 4.35% until May 2025. The US Dollar loses ground as the Fed is expected to deliver three rate cuts this year. The Australian Dollar (AUD)
The USDCAD broke above the “Red Box” that I have been talking about for weeks and weeks. That led to buying yesterday, but the high extreme price from April could not be broken convincingly and there was a rotation lower. However, buyers did come in near the high of the “Red Box” (see chart below
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
In this article AAL Follow your favorite stocksCREATE FREE ACCOUNT American Airlines shares shed more than 5% in premarket trading Thursday after the carrier slashed its profit forecast for the year after a backfired sales strategy and an industry-wide glut of flights that have forced airlines to discount seats. American said it expects to earn
NZD/USD slightly rebounds, hovering near the 0.5900 mark, but remains under a clear bearish influence. The pair lost more than 4% in July, underscoring a strong bearish outlook. The 0.5850 area is the last barrier against the sellers. In Friday’s session, the NZD/USD took a slight break from its continual downward trajectory, mildly rebounding to
The USDCHF moved lower this week helped by flight to safety flows after strong selling in the equity markets. That move lower, took the price back below its 200 day moving average near 0.8883, and the 38.2% retracement of the move-up from the December low also at that level. More momentum took the price below
Filled with respect and admiration for what the Bitcoin community has achieved Bitcoin is a miracle of cooperation and human achievement If US doesn’t embrace crypto technology, China and other countries will dominate Bitcoin is going to the moon, I want the US to lead the way “Never sell your Bitcoin” “I want crypto to
Mumbai: Shares of gold jewellery retail chains advanced up to 6% on Wednesday after the government proposed a cut in import duty on gold and silver in the budget. Analysts said the move aimed at curbing illegal imports of gold would benefit domestic jewellers, especially the large organised ones. Shares of Kalyan Jewellers were the
In this article HAS Follow your favorite stocksCREATE FREE ACCOUNT Hasbro board games are seen for sale at a Target store on December 12, 2023 in Austin, Texas. Brandon Bell | Getty Images Toy company Hasbro beat Wall Street expectations for the second-quarter on Thursday, thanks in part to growth in its digital gaming segment.
Gold price bounces from daily lows of $2,356, now at $2,385. Fed’s preferred inflation gauge shows mixed results, edging closer to the 2% target. US Treasury yields slump as bonds rally, signaling potential for multiple Fed rate cuts this year. Gold price makes a U-turn after diving to two-week lows of $2,353 edges higher some
The Baker Hughes rig count for the current week is showing: Oil rigs +5 to 482 Gas -2 to 101 Total rigs, +3 to 589 The price of crude oil is down $1.28 on the week or -1.63%. Looking at the daily chart, the price of crude oil remains below the 200-day MA (green line)