Financial News Editor

Westpac recently responded to the Reserve Bank of New Zealand (RBNZ) statement, noting that it came as a surprise to the markets due to its dovish tone. Contrary to expectations that the brief statement...

The Australian Dollar faced a decline on Wednesday, as the US Dollar gained strength following Federal Reserve (Fed) Chairman Jerome Powell’s testimony before the US Congress. Powell’s remarks indicated that the Fed remains cautious...

Federal Reserve Chairman Jerome Powell recently addressed Congress in his semiannual testimony, discussing risks beyond just inflation that the Fed is considering. While he emphasized the importance of not cutting interest rates until there...

Goldman Sachs recently made a prediction about the US economy, stating that they expect a soft landing. They also anticipate that the Federal Reserve will cut interest rates in September. This news has caught...

The Mexican Peso saw a significant increase in value as the USD/MXN pair dropped below 18.00. This surge was driven by the positive inflation data released in June, with the country's Consumer Price Index...

The global robusta coffee shortage is causing prices to soar to levels not seen in 16 years. This surge in prices is directly related to a significant decrease in coffee bean exports from Vietnam,...

Oh no, why do people get so scared when they hear the word "correction"? It's like the end of the world when the market drops a few percent. But corrections are actually necessary and...

BMO Capital Markets recently reaffirmed its Outperform rating on Ivanhoe Mines Ltd. (IVN:CN) (IVPAF), setting a price target of Cdn$24.00. The firm praised the company's strong second-quarter production figures, with 100,812 tons of copper...

Jerome Powell, the chairman of the US Federal Reserve, expressed his concerns about the potential negative impact of keeping interest rates high for extended periods on economic growth. He highlighted the strength of the...

The euro is not moving much today. It is currently trading at 1.0819 against the US dollar, which is a slight increase of 0.05%. Investor confidence in the eurozone, as measured by the Sentix Investor...

Jerome Powell, Chairman of the US Federal Reserve (Fed), recently delivered the Semi-Annual Monetary Policy Report and responded to questions from the Senate Banking Committee. Powell highlighted several key points during his speech, emphasizing...

Crude oil has been performing well in the market since hitting a low point in early June. Factors like OPEC's extension of output cuts, global economic activity, and potential central bank policy changes have...

EUR/JPY is currently trading around 174.30, putting a stop to its three-day decline. The daily chart analysis reveals a rising wedge pattern, which suggests a possible bearish reversal. Moreover, the 14-day Relative Strength Index...

Japanese stocks surged to a record high following a rally on Wall Street. The Nikkei 225 daily index, although the Topix may be more important for Japan now due to the shift in ETF...

The Japanese Yen (JPY) faced challenges in the foreign exchange (FX) markets due to Japanese individuals making overseas asset purchases through the Nippon Individual Savings Account (NISA) program. This tax-free investment scheme has led...

Images shared on social media show the Iranian Navy's "Sahand" destroyer capsized at Bandar Abbas port in the Strait of Hormuz. This incident comes as tensions in the Middle East continue to rise. The...

Last December, I published a positive analysis of AT&T Inc. (NYSE:T), suggesting it was a good buy for dividend investors. I pointed out three main reasons for this recommendation:1. AT&T's stock was trading at...

The Bank of Korea (BOK) has decided to keep its policy rate at 3.50%, which is the highest in 15 years. However, a Reuters poll suggests that the rate is expected to be cut...

U.S. President Joe Biden's fundraising operation is facing challenges after his poor performance in the recent presidential debate. Some of Biden's campaign bundlers have reported difficulties in reaching potential donors, with some even receiving...

The latest US inflation data is set to be released this Thursday at 12:30 GMT, with expectations pointing towards a further decline in the headline Consumer Price Index (CPI) for the month of June....

Deutsche Bank's George Saravelos recently shared his insights on the potential impact of a Trump presidency and China tariffs on the EUR/USD parity. In a conversation with Bloomberg TV, Saravelos emphasized the repercussions of...

The Dow Jones Industrial Average (DJIA) experienced a volatile day on Monday, starting with early highs before dropping back down, ultimately closing the day 40 points lower than Friday's closing prices. This marked the...

Consumer price inflation likely increased slightly in June compared to May but continued to follow a downward trend overall. It is estimated that the headline CPI rose by 0.1% in June, with lower gasoline...

The first week of Keir Starmer as UK Prime Minister is being closely watched by the markets, according to FX analyst Francesco Pesole from ING. The election day did not bring any significant movements...

Eurozone Sentix Investor Confidence took a significant hit in July, dropping to -7.3 from 0.3, a far cry from the expected 0.0. This decline comes after eight consecutive increases, signaling a major setback for...

Last Friday, the price of gold went up after the US NFP report was released. The report showed that the labor market was slowing down, with the unemployment rate going up and wage growth...

The Pound Sterling is showing strength against the US Dollar as expectations for Federal Reserve rate cuts in September have increased. This positive momentum is attributed to Keir Starmer's significant win in the UK...

China's renewable energy expansion has reached unprecedented levels, with the country deploying record-breaking amounts of wind and solar capacity. However, this rapid growth has led to challenges in managing the grid capacity limits, resulting...

Last-mile delivery has become a crucial aspect of the business world, especially in the current post-pandemic environment. Companies like DoorDash and Uber are heavily investing in expanding their infrastructure to meet the growing demand...

Ukrainian air defenses were called into action on Monday to defend against a surprising daytime missile attack from Russia on the capital city of Kyiv and other cities throughout the country, according to local...

Boeing has agreed to plead guilty to a criminal fraud charge related to the tragic crashes of the 737 Max planes, according to the Justice Department. This comes after U.S. prosecutors accused the company...

The EUR/USD pair continues its recovery, showing bullish momentum as it surpasses the 1.0800 resistance level. A bullish trend line is forming with support at 1.0790 on the 4-hour chart, indicating a positive outlook...

High risk warning: Foreign exchange trading has a high level of risk that may not be suitable for all investors. When you use leverage, you are creating additional risk and exposure to potential losses. Before...

The Japanese Yen has been gaining strength against the US Dollar due to challenges faced by the USD following weaker-than-expected US employment growth data released on Friday. This has led to speculation that the...

Thomas Jordan, the Chairman of the Swiss National Bank (SNB), recently discussed the Swiss franc and the bank's potential intervention in the foreign exchange market in an interview with Le Temps. Jordan emphasized the...