Business

Brazil's President Luiz Inacio Lula da Silva has taken decisive action to address the country's fiscal challenges. In a meeting with his economic team, Lula approved spending cuts in order to comply with Brazil's...

The latest data on job creation in the US private sector has shown weaker growth than expected, putting pressure on the US dollar. According to fresh ADP estimates, only 150,000 jobs were created in...

The UK election took place on Thursday, July 4, 2024, and the Labour Party emerged victorious in a landslide victory. According to a report by Goldman Sachs, the economic outlook under a Labour government...

The US Dollar faced significant selling pressure after disappointing ADP figures from June, causing markets to increase their bets on a Fed rate cut in September. The FOMC meeting minutes from June also indicated...

European markets experienced a risk-on movement today, following a record close of the US S&P 500 above the 5500 mark. This positive sentiment also influenced European investors, with the Eurostoxx 50 gaining 1.3%. In...

President Biden is reportedly thinking about whether he should continue in the race for the presidency. According to the New York Times, he has expressed concerns about his candidacy's future after a poor debate...

Natural Gas has been facing a losing streak for the seventh consecutive day, with prices continuing to drop. The reason behind this decline is the fact that European gas storages are filling up rapidly,...

The XTIUSD price analysis shows that there is bullish momentum building towards a key resistance area. If a bearish scenario occurs, selling below 83.63 with certain target prices and stop-loss levels is recommended. On...

Deutsche Bank recently highlighted the top risks for the second half of 2024, cautioning investors to stay alert as surprises could be looming just around the corner. The bank's analysts pointed out several key...

Gold prices experienced a decline of 0.28% in response to Federal Reserve Chair Jerome Powell's remarks at a European Central Bank forum. Powell, adopting a slightly dovish stance, emphasized the need for further progress...

President Biden's recent performance that raised concerns about his mental acuity has been explained by the White House as a result of his extreme schedule, which is apparently exhausting his younger aides. Despite the...

Another debt crisis is brewing in Europe, and this time it's Greece that is at the center of it. The country needs European creditors to release funds from a bailout agreement made in 2015...

On July 2, 2024, Radius Recycling, Inc. held its Q3 2024 Earnings Conference Call at 11:30 AM ET. The call featured key speakers including Michael Bennett, the Vice President of Investor Relations, Tamara Lundgren,...

GRI Bio, a biotechnology company based in La Jolla, California, has shared promising preclinical data on its potential treatment for Idiopathic Pulmonary Fibrosis (IPF). The company's leading drug candidate, GRI-0621, has shown positive results...

Eurozone inflation has been holding steady, with the CPI standing at 2.5% year on year, remaining within the range of 2.4% to 2.6% for the past five months. This lack of deceleration has been...

The Euro (EUR) experienced a relief rally after the French election results met expectations. However, the rally lost momentum on Monday as doubts emerged about additional support for the common currency leading up to...

Eurozone CPI, which measures the change in prices of goods and services, experienced a slight slowdown in June. The year-over-year increase in CPI dropped from 2.6% to 2.5%, meeting market expectations. However, the core...

Crude oil prices have been on the rise after surpassing the crucial $80 resistance level, driven by various positive factors in the market. The decision by OPEC+ to extend voluntary output cuts, along with...

The US Dollar (USD) continues to show strength, with a potential test of the resistance at 162.00 on the horizon. If the USD manages to break above 162.00, the next level to keep an...

Federal Reserve Chair Powell is set to deliver a speech today at the ECB forum. This has caused speculation and anticipation in the forex market. The market is also keeping an eye on other...

The Indian Rupee faced some challenges on Tuesday as it traded in the negative territory during the Asian session. This weakening can be attributed to the increased demand for the US Dollar and the...

Countries around the world are sending and receiving billions of dollars in remittances every year. According to data from Knomad in 2022, the United States has consistently topped the list as the country sending...

Steven Mnuchin, who is currently in the running to become the treasury secretary, had an eventful weekend. Not only did he move closer to confirmation on Friday, but a movie he was part of...

In a recent development, executives at ZUU Co. Ltd. made a significant purchase of shares in Pono Capital Two, Inc. The transaction, which occurred on June 27, 2024, involved the acquisition of shares priced...

Marine Le Pen's Rassemblement National emerged victorious in the first round of French parliamentary elections, securing around 33% of the vote. The left front followed with 28%, and Macron's alliance with 21%. The RN...

US Treasury yields continued to rise in the forex markets on July 1, with the NASDAQ index starting strong and closing at a record level. Former Fed Governor Clarida predicted one Fed rate cut...

The Dow Jones Industrial Average (DJIA) experienced significant fluctuations on Monday as a result of key US data missing expectations. The US ISM Manufacturing Purchasing Managers Index (PMI) dropped to 48.5 in June, below...

Manufacturing activity in June continued to show signs of weakness, remaining in contraction territory. However, there was a slight decrease in inflation pressure as the prices paid component fell by 4.9 points. Despite this,...

In the first half of 2024, there has been a noticeable increase in the momentum of dedollarisation in the global financial landscape. This movement is primarily fueled by a variety of geopolitical, economic, and...

The eco data analysis for July 1st, 2024, provides insights into various economic indicators across different countries. Let's take a closer look at some of the key data points: In Japan, the Tankan Large Manufacturing...

The Australian Dollar paused its decline after China's Manufacturing PMI surpassed expectations. Australia's own Manufacturing PMI fell for the fifth straight month to 47.2 in June, the fastest decline since May 2020. This negative...

Rapid7 is a global cybersecurity software and services provider known for its flagship offering, Rapid7 Managed Threat Complete, which includes managed detection and response programs. The company serves over 11,000 global customers by providing...

Last week, the focus was on the Japanese Yen as it hit multi-decade lows, remaining the worst-performing currency. Despite the decline, Japanese authorities did not intervene directly in the markets but the looming threat...

This week in the forex market, there are several key events and data releases to keep an eye on. On Monday, we have important data coming out of China, Switzerland, and the US, including...

The Australian Dollar (AUD) saw a rise against the US Dollar following a decrease in US inflation in May. This unexpected reduction in inflation led to speculations of a possible dovish stance from the...