Yen and Swiss Franc weaken slightly in today’s subdued trading environment. With the economic calendar offering little in terms of market-moving events during the European and US sessions, currency movements have been minimal. Meanwhile, Australian and New Zealand Dollars are showing modest strength, though most other major currencies are trading within narrow ranges. Other financial
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
Hedge funds have been safeguarding against a global economic slowdown via commodity shorts in all likelihood. Bloomberg data showed a net short of 153K contracts across 20 raw-materials markets in the latest week, that’s the most since at least 2011. The positioning is particularly stark in oil, where the net was cut by 110 million
Gold prices rose by Rs 200 to Rs 72,350 per 10 grams while silver prices rallied by Rs 1,000 per kg in the local market here on Monday amid firm global trends. In the previous session, the yellow metal of 99.9 per cent purity had closed lower at Rs 72,150 per 10 grams on Saturday,
Shares of Disney fell Wednesday as concerns about attendance at its theme parks overshadowed streaming profits and better-than-expected headline results. However, the quarter checked the boxes that matter most to us, making the stock decline a buying opportunity. Revenue in the fiscal third quarter totaled $23.16 billion, topping the $23.07 billion expected by analysts, according
Gold price lacks firm intraday direction on Monday amid a combination of diverging forces. A positive risk tone caps gains, though geopolitical risks and Fed rate cut bets lend support. Traders also seem reluctant ahead of the key US inflation figures, due for release this week. Gold price (XAU/USD) struggles to capitalize on its gains
Fundamental Overview The Russell 2000 bounced strongly from the lows yesterday following good US Jobless Claims figures as the data quelled some of the fears around the labour market after the weak US NFP report last Friday. The market pricing for rate cuts eased a bit but remains quite elevated with a 55% probability of
This article is concerning, titled: China’s Real Economic Crisis – Why Beijing Won’t Give Up on a Failing Model Here is the link. It’s a long, long piece, but, in summary: China’s economy is struggling despite the end of zero-COVID policies, with sluggish GDP growth and sagging consumer confidence. The main issue is structural overcapacity
Gold prices held steady on Monday, with investors awaiting key U.S. inflation data due later this week to gauge the size of the Federal Reserve‘s likely interest rate cut next month. FUNDAMENTALS * Spot gold were little changed at $2,425.94 per ounce, as of 0153 GMT. U.S. gold futures slipped 0.3% to $2,464.80. * The
A general view of the Eiffel Tower with the Olympics rings pictured with national flags of competing countries from the Place du Trocadero ahead of Paris 2024 Olympic Games on July 21, 2024 in Paris, France. Kevin Voigt | Getty Images Sport | Getty Images The Olympic Games are causing a surge in prices, but
In this article MCD QSR-CA CMG DIN Follow your favorite stocksCREATE FREE ACCOUNT A sign advertises meal deals at a McDonald’s restaurant in Burbank, California, on July 22, 2024. Mario Tama | Getty Images Restaurant CEOs have become obsessed with the word “value” in explaining to investors why their sales lagged this quarter while sharing
Gold advances for the second day on Friday, buoyed by expectations of Fed easing in September. US economic data shows deceleration but not enough to stoke recession fears. Ongoing Middle East tensions between Israel, Lebanon and Iran keep Gold demand firm. Gold prices advanced modestly for the second straight day as market participants remain convinced
Spot gold, after declining for five straight days through Wednesday, recovered most of its weekly losses as it surged in the last two days on improved risk sentiments in the wider markets. Gold continued to tumble in the initial days of the week as it was caught in a downdraft of a vicious sell-off in
Fundamental Overview The Nasdaq bounced strongly from the lows yesterday following good US Jobless Claims figures as the data quelled some of the fears around the labour market after the weak US NFP report last Friday. The market pricing for rate cuts eased a bit but remains quite elevated with a 55% probability of a
UPCOMING EVENTS: Tuesday: Australia Wage Price Index, UK Labour Market report, Eurozone ZEW, US NFIB Small Business Optimism Index, US PPI. Wednesday: RBNZ Policy Decision, UK CPI, US CPI. Thursday: Japan Q2 GDP, Australia Labour Market report, China Industrial Production and Retail Sales, UK Q2 GDP, US Retail Sales, US Jobless Claims, US Industrial Production
In this article QSR-CA Follow your favorite stocksCREATE FREE ACCOUNT A general view of a Tim Hortons Drive-Thru coffeehouse and restaurant at Lakeside Retail Park on February 5, 2024 in Grays, United Kingdom. John Keeble | Getty Images Restaurant Brands International on Thursday reported quarterly revenue that beat analysts’ expectations, fueled by better-than-expected sales at Tim
The AUD/JPY pair declined to 96.45 on Friday resuming the losses after three sessions with gains. However, technical indicators suggest a shift towards neutral territory, with the RSI moving out of the oversold zone and the MACD showing decreasing red bars. The cross will close a weekly gain of nearly 1% despite the losses. In
The AUDUSD moved to the lowest level since November 2023 on Monday as Japan stocks plummeted. However, after breaking below the low from 2024 at 0.63614, the price could only make it to 0.6348 before it snapped back to the upside and started to start the recovery. Although that recovery had its fits and starts