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Financial News Editor

Financial News Editor
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news-07072024-143325

Mexican Peso Surges to 3-Day High, Ends Week with 1% Gain

The Mexican Peso experienced a surge to an eight-day high of 17.99 against the US Dollar before losing momentum and fluctuating within the 17.99 – 18.19 range. The currency closed the week with a...
news-07072024-102413

Top 3 Stocks with Attractive Prospects According to Wall Street Analysts

Investors are currently facing a mixed bag of signals as the economy shows signs of softening while the S&P 500 continues to reach new highs. In such a complex environment, many investors are turning...
news-07072024-095420

Globalist Klaus Schwab Urges Humanity to Collaborate for Global Change

World Economic Forum founder Klaus Schwab recently addressed delegates at a conference in China, emphasizing the need for humanity to come together and collaborate with global entities. Speaking at the WEF’s ‘Annual Meeting of...
news-07072024-095218

Gold Royalty Corp Set to Shine in Second Half of 2021 (NYSE:GROY)

Gold Royalty Corp, also known as GRC, has had a strong start to the year with impressive Q1 results. The company reported record royalty revenue of approximately $2.9 million, marking a 289% growth year-over-year....
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The Future of France’s Politics at Stake in Final Round of Snap Election

French voters are getting ready to cast their votes in the final round of a snap parliamentary election this weekend. In the first round, it seemed like the far-right National Rally (RN) group was...
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Forex and Cryptocurrency Forecast for Traders – Action Forex

On Friday, June 5, the Dollar Index (DXY) hit a three-week low, while the euro showed its largest weekly gain against the dollar in a year. This was due to the US not performing...
news-07072024-083217

Upcoming US Economic Events: CPI, Powell Testimony, and Earnings | Forexlive

The upcoming week is filled with various economic events that could impact the global markets. Here is a breakdown of the key events to watch out for:French Election (Sun): The second round of the...
news-07072024-083156

GBP/USD Extends Winning Streak After NFP Report

GBP/USD saw a rise above 1.2800 after the release of US NFP figures on Friday. The positive data sparked a risk rally in the market, leading to increased optimism among investors. This surge in...
news-07072024-023050

Crude Oil Futures Settle at $83.16: Latest Updates and Analysis

Foreign exchange trading is a risky venture that may not be suitable for everyone. It involves leverage, which can increase the level of risk and potential loss. Before engaging in foreign exchange trading, it...
news-07072024-023032

EUR/USD Surges to Friday Highs on Rate Cut Hopes

The EUR/USD currency pair experienced significant movement last week, reaching highs of 1.3840 as investors reacted to the US Nonfarm Payrolls (NFP) report. Despite the better-than-expected NFP figures, concerns about rising unemployment and slowing...
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Bulls Gain Control as NZD/USD Closes Above Critical Resistance – Weekly Price Analysis

The NZD/USD pair has shown a positive trend as it closed above the 20 SMA support at 0.6120, indicating bullish momentum. The pair tested resistance around the 0.6150 level, showing signs of strength in...
news-06072024-175344

Top 10 Countries Receiving US Foreign Aid: A Breakdown

Each year, the United States provides billions in foreign aid to support global stability, national security, and its own economic interests. To get a closer look at where this money goes, Visual Capitalist's Marcus...
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Chatham Lodging Trust Stock Analysis: Buying the 8.1% Preferred Yield (NYSE:CLDT)

I recently took advantage of the lower prices of the preferred shares of Chatham Lodging Trust (NYSE:CLDT) as I believe the risk/reward ratio looks favorable at the moment. I wanted to revisit the recent...
news-06072024-175057

Hurricane Threatens Closure of U.S. Oil Ports, Coast Guard Warns

The U.S. Coast Guard is issuing warnings about potential port closures along the Texas coast due to the looming threat of Tropical Storm Beryl, which is expected to become a hurricane before making landfall....
news-06072024-175036

Biden’s TV Interview Raises Re-Election Concerns: Lawmakers, Donors, Strategists Take Note

President Joe Biden's recent TV interview has stirred up concerns among Democrats regarding his ability to secure re-election in 2024, especially in a potential face-off against former President Donald Trump. During the interview with...
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Gold Price Surges to Six-Week High Amid Weak US Labor Market Data

Gold prices surged to a six-week high, reaching $2,385 as traders reacted to the latest US labor market data. Although the June Nonfarm Payrolls (NFP) report exceeded expectations, downward revisions to the figures from...
news-06072024-082623

Inflation Scare Over: Pandemic Perfect Storm | Forexlive

Global central bankers are currently fixated on fighting the ghost of inflation, despite the fact that the threat of inflation seems to have subsided and the risk of recession looms larger. ECB chief economist...
news-06072024-082601

UK Pound Sterling Strengthens Amid Softening US Wage Growth and UK Labour Majority Hold

The Pound Sterling has shown remarkable strength in the currency market, especially after the recent UK parliamentary elections where Keir Starmer's Labour Party secured an outright majority win. This victory has brought much-needed stability...
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US Senator Warren Leads Democratic Senators in Urging Biden to Withdraw | Forexlive

US Senator Elizabeth Warren, along with other Democratic senators, has taken a stand by urging President Biden to withdraw his support for the nomination of Saule Omarova as the head of the Office of...
news-06072024-022457

GBP/USD Price Analysis: Bulls Aim for Daily Close Above 1.2800

The GBP/USD pair experienced an increase of more than 0.20% following the release of the US jobs report for June. The data showed that the economy added more jobs than anticipated, but revisions to...
news-06072024-015236

Uncovering the History of Robert Mueller’s Right-Wing Terror Factory

Authored by Ken Silva via Headline USA, the FBI's mid-2000s program to stage neo-Nazi rallies around the country was just the beginning of a larger, multi-state investigation. Following the exposure of an FBI informant...
news-06072024-015056

ACI Worldwide: 2024 Growth Prospects and Challenges for NASDAQ:ACIW

ACI Worldwide, a global provider of instant electronic payment and banking solutions, is poised for growth in the coming years. The company's focus on SaaS and real-time payment services is expected to solidify its...
news-06072024-015029

Moderate Pezeshkian Emerges Victorious in Iran Presidential Election, Calls for Continued Support

Masoud Pezeshkian, a relative moderate, emerged victorious in Iran's presidential election, defeating his hardline rival Saeed Jalili. He called for continued support from the people as he prepares to navigate the challenges ahead. Pezeshkian,...
news-06072024-015003

Biden Vows to Stay in Race Amid Mental Health Concerns: House Democrats to Meet...

President Joe Biden has faced criticism recently regarding his health and his ability to continue in the race for the presidency. Following a debate performance that raised concerns about his cognitive abilities, Biden sat...
news-05072024-202334

US Non-Farm Payrolls Report Sends USD Lower: Forex Market Wrap (80 characters)

The US jobs report showed that Non-Farm Payrolls increased by 206K, surpassing the 190K estimate. However, the report's details were not as positive as expected. Revisions to the prior two months showed a decrease...
news-05072024-202316

GBP Reacts to UK Election Result: Analysis by Rabobank

The GBP has remained relatively stable following the UK election results, despite the lack of significant movement. However, the recent decline in the value of the USD has allowed the GBP to emerge as...
news-05072024-142021

French Elections Round Two, Powell Testimony, and US CPI Preview – Action Forex

Traders are eagerly watching the outcome of the French election, with the far-right National Rally (RN) leading the first round but facing opposition from left-wing and centrist parties in the second round. The rise...
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NASDAQ Sets Record Highs Every Day This Week | Forexlive

The stock market saw another successful week with the NASDAQ hitting record highs every day. The Dow Industrial Average, S&P index, and NASDAQ index all closed higher today. The NASDAQ set a new record...
news-05072024-141939

Federal Reserve Seeks Confidence Before Implementing Rate Cuts

The Federal Reserve recently released its Semi-Annual Monetary Policy Report, highlighting that while there has been some progress on inflation this year, they are still seeking greater confidence before considering rate cuts. The Fed...
news-05072024-095102

BYD Expands to Thailand and Slashes Prices Amid EV Competition

Electric vehicle competition is heating up in Europe, with BYD, a top Chinese electric vehicle manufacturer, making significant moves in the market. The company is expanding its operations to Thailand, opening a new factory...
news-05072024-095043

Dispelling the Myth: Trump’s Impact on the Bull Market

More and more people in the business world are expressing concerns about what President Donald Trump's policies and behavior might do to the economy. However, despite the worries, the stock market continues to soar...
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Magic Software Stock Analysis: Short-Term Gain, Long-Term Lag (NASDAQ: MGIC)

Magic Software (NASDAQ:MGIC) is a global enterprise software company founded in Israel in 1983. The company offers low-code application development, enterprise integration solutions, large-scale enterprise application development, and an Industry 4.0 solution for manufacturers....
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Wisconsin Supreme Court’s New Liberal Majority Permits Ballot Drop Boxes

The Wisconsin Supreme Court's new liberal majority recently made a significant decision regarding the use of drop boxes for returning absentee ballots. This ruling overturns a previous decision from two years ago that had...
news-05072024-094909

Top Job Opportunities for June: A Comprehensive Chart

The latest report on job opportunities for June reveals some interesting trends in the labor market. While overall nonfarm payrolls grew by 206,000, the job gains were not evenly distributed across all sectors.Health...
news-05072024-081901

RBNZ Rate Decision: Focus on Kiwi – Action Forex

The New Zealand dollar, also known as the Kiwi, has been struggling in the currency exchange market this year. Despite a slight increase against the yen and the Swiss franc due to lower interest...