Financial News Editor

The Federal Open Market Committee (FOMC) recently released its June statement, outlining key highlights and analysis for the current economic situation in the United States. The statement emphasized that economic activity has been expanding...

The US Federal Reserve (Fed) is set to announce its monetary policy decisions after the July 30-31 policy meeting on Wednesday. Market expectations suggest that the Fed will maintain the policy rate at 5.25%-5.5%...

The Bank of Japan made a surprising decision to raise its benchmark interest rate to 0.25% and announced plans to reduce its monthly bond purchases by half. This move is an attempt to normalize...

I am bullish on PriceSmart (NASDAQ: PSMT) due to its solid business model and promising growth potential. PriceSmart is a well-managed warehouse club retailer with stable margins and a growing customer base. The company...

The recent Federal Reserve meeting was all about looking ahead to the future rather than focusing on the present. While it is expected that short-term interest rates will remain unchanged for now, there is...

Gold and oil prices have seen a significant surge recently due to escalating tensions in the Middle East. The increase in tensions began during the US session yesterday with airstrikes in Lebanon and Tehran...

US MBA Mortgage Applications decreased by 3.9% for the week ending July 26th. This decline in mortgage applications may indicate a slowdown in the housing market. It is important for investors to be aware...

The Pound Sterling faced a decline in Wednesday's London session, hovering near 1.2825 against the US Dollar, as investors awaited the outcome of the Bank of England's (BoE) interest rate decision on Thursday. Speculation...

In the latest quarter, inflation was pretty much on par with what experts were expecting. The headline Consumer Price Index (CPI) inflation came in at 1%, which was right in line with predictions. However,...

GBP/JPY managed to bounce back above the 196.00 level after the Bank of Japan (BoJ) announced its interest rate decision. The BoJ decided to increase the short-term rate target by 15 basis points, moving...

Hedge fund manager Bill Ackman announced at the Delivering Alpha conference in NYC that he aims to raise $2 billion in the initial public offering of Pershing Square USA. The IPO will consist of...

The online trading and fintech industry is buzzing with anticipation as the Nomination Round for the UF AWARDS APAC 2024 is officially open for submissions. This round, which began on 15 July, marks the...

Investors are keeping a close eye on the financial markets after a volatile day on Monday. The Euro area and Germany's second-quarter Gross Domestic Product (GDP) data are eagerly awaited, along with Germany's July...

The upcoming US presidential election is shaping up to be a face-off between former President Donald Trump and Vice-President Kamala Harris. Harris, if she secures the nomination, would be only the second woman to...

Range Resources recently released its H1 and Q2-2024 earnings reports, showing a mixed performance. While revenues were below analysts' expectations, earnings per share beat expectations at $0.46/share. Despite this, I believe that Range Resources...

Democratic presidential candidate Kamala Harris received a significant boost in her campaign after an online fundraising event called "White Dudes for Harris" raised over $3.5 million. The event, which was attended by more than...

On July 30, 2024, various economic indicators were reported in different regions around the world. In Japan, the unemployment rate for June remained steady at 2.60%, meeting the forecasted expectations. Moving to Australia, building...

Australia experienced a decline of 6.5% in building approvals for the month of June, which was higher than the expected decline of 1.5%. This news may have an impact on the foreign exchange market,...

The People's Bank of China (PBOC) has set the USD/CNY central rate for the upcoming trading session at 7.1364, slightly higher than the previous day's fix of 7.1316. This decision comes amidst ongoing trade...

Vanguard, a well-known asset management company, is looking to enhance its customer service experience by utilizing artificial intelligence, according to the new CEO, Salim Ramji. The firm, which has faced criticism for its customer...

The Bank of Japan (BoJ) is gearing up for a crucial decision on interest rates at its next policy meeting. This decision is expected to have far-reaching implications for the global financial markets and...

The US Treasury recently announced plans to borrow $740 billion in the third quarter of the year. This amount is actually lower than the initial estimate of $847 billion made back in April. The...

The Dow Jones Industrial Average (DJIA) was relatively stable on Monday, hovering around 40,600.00 as investors await the Federal Reserve's (Fed) upcoming rate decision. The Fed is anticipated to maintain current interest rates during...

USDCAD has been on the rise since the Bank of Canada reduced rates by 25 basis points last week. Currently, the price is testing the major trend line resistance of a triangle on the...

Foreign exchange trading is a risky endeavor that may not be suitable for all investors. It is important to understand that leverage can increase the level of risk and potential losses. Before engaging in...

Gold prices are on the rise for the second day in a row as a combination of factors is attracting buyers. The US Dollar remains weak due to expectations of a Fed rate cut...

The Bank of Japan recently conducted a comprehensive review of its past policies, signaling a potential shift in its approach to inflation. According to Reuters, this review is expected to lay the groundwork for...

GBP/USD struggled to gain momentum on Friday, only edging up by 0.13% as the Pound Sterling faced pressure due to the looming rate cut expectations from the Bank of England (BoE) next week. This...

The latest Fed preview by Wall Street Journal Fedwatcher Nick Timiraos suggests that there may be a potential rate cut in September, although no leaks have been confirmed yet. The Fed seems to be...

The EUR/USD pair experienced a slight uptick on Friday, although it remained in negative territory for the week overall. Market sentiment has been primarily influenced by hopes of a rate cut by the Federal...

The recent movement in the S&P may not have been as harsh, but many traders felt a sense of deja vu reminiscent of March 2020. This is because all the trades that had been...

Fast-food chains are competing for low-income diners this summer by offering $5 value meals in hopes of boosting traffic and sales. In recent years, consumers have cut back on fast-food spending due to rising...

The U.S. stock market has been experiencing some ups and downs recently due to earnings season and the upcoming elections. However, one way investors can potentially smooth out this volatility in their portfolios is...

The currency market is set to experience significant events in the upcoming week, with important meetings scheduled for Wednesday and Thursday. The Bank of Japan and the Federal Reserve’s FOMC will convene on Wednesday,...

The upcoming week is packed with important economic events and announcements that could have a significant impact on global markets. Here's a breakdown of some key events to watch out for:- On Monday, we'll...