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Financial News Editor

Financial News Editor
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news-25062024-195639

Gold Price Drops to One-Week Low as Fed Turns Hawkish, US Data in Focus

Gold price has been on a downward trend for the past two days, hitting a one-week low during the Asian session on Wednesday. This drop can be attributed to comments made by Federal Reserve...
news-24062024-231436

EUR/USD Forecast: Latest Analysis and Updates – Action Forex

EUR/USD is currently in a consolidation phase after reaching 1.0667, and the short-term bias is neutral. The resistance level at 1.0760 is expected to hold, leading to a potential further decline in the exchange...
news-24062024-231415

FX Option Expiries Analysis for June 25th 10am NY Cut | Forexlive

Foreign exchange trading can be risky, and it may not be suitable for all investors. It's important to understand the risks involved and to carefully consider your investment objectives, experience level, and risk tolerance...
news-24062024-231356

Gold Price in India Today: June 25 Rates & Updates

Gold prices in India experienced a decrease on Tuesday, based on the data collected by FXStreet. The cost of Gold was at 6,236.12 Indian Rupees (INR) per gram, which was lower compared to the...
news-24062024-121430

Weekly USD Analysis: US Dollar Index and Euro to Dollar Forecast – Action Forex

This week, the focus will be on speeches by Fed officials, with five out of eight scheduled appearances featuring hawkish members. This could push back against market expectations of rate cuts this year and...
news-24062024-121405

Analyzing BOC’s Macklem Q&A: Labor Force Weakening Revealed

Foreign exchange trading is a risky venture that may not be suitable for everyone. It is important to understand the risks involved, especially when using leverage. Before diving into forex trading, make sure to...
news-24062024-121334

Canadian Dollar Rises to High End in Quiet Monday Trading

The Canadian Dollar (CAD) saw a slight rise on Monday as the US Dollar weakened, providing some breathing room for the CAD against other major currencies. Market activity was relatively quiet, with investors lacking...
news-24062024-041826

EUR/USD Forecast: Clearing 1.0760 Barrier Essential for Stronger Correction

The EUR/USD pair saw a bounce on Monday as traders took profits from the previous week's fall. Despite weaker than expected German Ifo data, the single currency gained traction due to improving sentiment on...
news-24062024-041748

EUR/USD Rebounds Strongly on Improved Market Sentiment

The EUR/USD pair bounced back strongly from a weekly low of 1.0670 in Monday's European session as the demand for risky assets increased. This was fueled by speculations that the Federal Reserve (Fed) might...
news-23062024-220150

USD/JPY Daily Forecast: Latest Analysis and Trends – Action Forex

The USD/JPY currency pair's daily forecast shows that the intraday bias is currently on the upside. The ongoing rally is expected to reach the 160.20 high, with a possibility of extending to the 100%...
news-23062024-220111

USD/CAD Gains Near 1.3700 as Fed Delays Rate Cut Timing

The USD/CAD pair stopped its six-day losing streak and is currently trading around 1.3700 in the Asian session on Monday. This turnaround was prompted by higher-than-expected US Purchasing Managers Index (PMI) data, which boosted...
news-23062024-143803

USD/CHF Weekly Forecast: Latest Analysis and Predictions

The USD/CHF pair took a dive to 0.8825 last week before making a strong recovery. Currently, the initial bias is neutral for consolidations above 0.8825, with a bearish outlook in the near term as...
news-23062024-143743

Forexlive Economic Calendar: Upcoming Events and Market Updates

Foreign exchange trading is a risky venture that may not be suitable for all investors. It is important to be aware that leverage can increase the level of risk and potential loss. Before engaging...
news-23062024-143722

GBP/USD Weekly Analysis: Bearish Turnaround Deepens

The GBP/USD pair saw a significant decline last week as the Cable hit fresh lows on Friday. This bearish trend was driven by upbeat US Purchasing Managers Index (PMI) data, which boosted the US...
news-23062024-102606

Top Stock Picks Recommended by Wall Street Analysts for Long-Term Investment Success

The U.S. stock market is being influenced by the Federal Reserve's decision on interest rates and the ongoing artificial intelligence trend. Wall Street analysts are focusing on identifying stocks with solid fundamentals and long-term...
news-23062024-083735

Forex and Cryptocurrency Forecast: Expert Analysis and Predictions

The recent data from Eurostat has shown a rise in inflation in the Eurozone countries, reaching 2.6% in May. This increase in consumer prices led to a slight hope among euro bulls that the...
news-23062024-083714

BOJ Expected to Raise Rates Next Month, MOF Under Pressure: Latest Update

The yen has been weakening recently, with USD/JPY rising above 159.00 and approaching the year-to-date high of 160.17 from April. Despite Japan's intervention in late April/early May to support the yen, the impact has...
news-23062024-083655

Silver Price Forecast: XAG/USD Drops Below $30 Amid Bearish Engulfing Pattern

Silver prices experienced a significant drop, falling 3.86% due to the influence of strong US Treasury bond yields and a robust US Dollar. The current trading price for silver stands at $29.53, marking a...
news-23062024-062622

Hungary’s Plan to Exit NATO Train of Escalation: Orban’s Decision

Hungarian Prime Minister Viktor Orban recently expressed his views on the situation in Ukraine and Hungary's stance on NATO involvement in the conflict. He believes that Western countries' efforts to defeat Russia in Ukraine...
news-23062024-062603

Combatting Fake News: Apple CEO Tim Cook Urges Massive Campaign

Apple CEO Tim Cook is urging the tech industry to come together and fight against the spread of fake news on the internet. In a recent interview with The Daily Telegraph, Cook emphasized the...
news-23062024-062540

Insperity Stock Analysis: Growth Potential and Future Outlook

Insperity Stock Analysis: Growth Potential and Future OutlookAs the labor market remains strong with a positive jobs report in May, there is speculation that Insperity (NYSE:NSP) may have reached a potential near-term peak in...
news-23062024-062519

Enphase Energy, Inc. Investors Encouraged to Secure Counsel Before Deadline

Enphase Energy, Inc. investors who purchased securities between February 7, 2023, and April 25, 2023, are being urged to seek legal counsel before the upcoming deadline of July 29, 2024. The Rosen Law Firm,...
news-23062024-062447

Nvidia’s Market Cap Rises Above Apple and Microsoft: A Closer Look

Nvidia CEO Jensen Huang gave a speech at the COMPUTEX forum in Taipei, Taiwan on June 4, 2024. Apple, Microsoft, Amazon, and Google were the top global brands at the end of 2023, according...
news-23062024-023516

GBP/USD Weekly Forecast: Key Analysis and Predictions

The GBP/USD pair continued to decline last week, falling from the short-term high of 1.2859 despite a temporary recovery. This week, the initial bias is towards further downside movement. If the key support-turned-resistance level...
news-23062024-023455

Forexlive Weekly Market Outlook: 24-28 June

The upcoming events for the week include various economic indicators from different countries. On Monday, we have the Bank of Japan releasing the Summary of Opinions and German IFO data. Tuesday will see the...
news-23062024-023435

NZD/USD Price Analysis: Bearish Outlook as Bulls Face Resistance

The New Zealand Dollar (NZD) versus the US Dollar (USD) pair experienced a three-day losing streak, closing the week on a negative note with the pair stabilizing at 0.6115. The outlook for NZD/USD continues...
news-22062024-202706

USD/JPY Weekly Forecast and Analysis – Action Forex

The USD/JPY pair saw a significant increase last week, rising from 151.68 to 159.81, showing no clear signs of a peak yet. The initial bias for this week remains on the upside, with a...
news-22062024-202644

Upcoming Economic Events: US PCE, BoJ SOO, Biden/Trump Debate | Forexlive

The upcoming week from June 24th to June 28th is packed with significant economic events around the world. Let's take a look at some key events that will shape the global economic landscape.Starting off...
news-22062024-202613

Australian Dollar Weakens as PMI Data Disappoints

The Australian Dollar has been facing significant declines recently due to fading RBA gains and disappointing PMI data. The AUD/USD pair has been testing key support levels, with selling pressure originating from Asian markets...
news-22062024-122507

Gold price drops due to firm US yields and strong USD following solid US...

Gold prices took a hit on Friday, dropping more than 1.70% as economic data from the United States led investors to rethink the possibility of fewer interest rate cuts by the Federal Reserve. The...
news-22062024-103649

Gold Price Drops $40 After Short-Lived Rally

Gold prices took a hit today, dropping by $40 after a brief rally that had investors hopeful. The drop has reignited concerns about the chart pattern that has been forming in the gold market.Over...
news-22062024-082352

Crude Oil Resilience: TDS Analysis and Outlook

Crude Oil has shown its resilience once again, with inventory draws providing some support to the market, according to TDS strategists. Despite this strength, there are concerns about the potential impact of Commodity Trading...
news-22062024-082132

Challenging Climate Change Misinformation in Kenya: BBC Reporter vs. Kenyan Farmer

On June 15, 2024, Marco Silva, a BBC Climate disinformation reporter, wrote a critical article about Kenyan farmer Jusper Machogu, accusing him of denying climate change. Mr. Machogu, a 29-year-old farmer known for his...
news-22062024-082118

Uber faces criticism from Indian competitor

Uber's main competition in India, Ola Cabs, has some advice for the U.S. startup - get local. Pranay Jivrajka, a top executive at Ola Cabs, mentioned at CNN's Asia Business Forum in Bangalore that...
news-22062024-082101

Inditex: Leading Global Fast Fashion Company (OTCMKTS:IDEXY)

Inditex, the global fast fashion company, is thriving in the competitive retail market. Despite facing competition from companies like H&M and Shein, Inditex remains profitable and continues to grow. In the first quarter of...