Tag: Financial news

The US Dollar experienced fluctuations in response to various economic data releases on Thursday. Despite US May durable goods orders coming in at +0.1% versus an expected -0.1%, the dollar initially dipped due to...

Gold prices surged as the US dollar weakened before the release of the PCE data. The price of gold rose by more than 1% following economic data that showed a softer US dollar and...

Micron Technology, a leading manufacturer of computer memory and storage, experienced a 7% drop in its stock price during extended trading hours, despite posting better-than-expected results. The focus of investors shifted to the revenue...

The US stock market had a rocky start today, with equities falling early in the day. However, a late surge in buying activity, particularly in Nvidia, helped turn things around. Thanks to this strong...

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...

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...

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...

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...

Gold prices took a hit after the release of strong US PMI data, which showed that both manufacturing and services activity remained robust in June. This led to higher expectations for inflation and interest...

The Dollar gained strength due to recent activities by the European Central Bank, according to FX Strategist Francesco Pesole from ING. This was influenced by the surprise rate cut by the Swiss National Bank...

Foreign exchange trading is a risky endeavor that may not be suitable for all investors. It is important to carefully consider your investment objectives, experience level, and risk tolerance before engaging in such activities....

US housing starts for the month of May came in lower than expected at 1.277 million, missing the 1.370 million forecast. Additionally, initial jobless claims were reported at 238,000, slightly higher than the estimated...

GBP/USD In the first half of this trading week, the GBP/USD pair has been holding steady above the key range of 1.2700-1.2650, making efforts to continue its upward movement. However, the Bank of England meeting...

New Zealand's economy showed signs of growth in the first quarter of the year, with a GDP increase of 0.2% quarter-on-quarter, exceeding expectations of 0.1% growth. This growth helped the economy bounce back from...

Gold Price Reaches One-Week High Amid Fed Rate Cut BetsThe gold price has been on the rise, reaching over a one-week high of around $2,338 as of late. This surge can be attributed to...

Gold prices saw minimal movement during the North American session due to low trading volume. This was attributed to the Juneteenth holiday. However, data from the US indicated a slowing economy, which raised expectations...

The Mexican Peso experienced a slight decline against the US Dollar after making gains over the past five trading days. Currently, the USD/MXN pair is trading at 18.41, showing a 0.08% increase. This movement...

Semler Scientific, a lesser-known medical technology company, experienced a significant surge in its shares on Tuesday. This surge came after the company revealed its decision to adopt bitcoin as its primary treasury reserve asset,...

Warren Buffett recently attended the annual Berkshire Hathaway shareholders meeting in Omaha, Nebraska, where he discussed his increased stake in Occidental Petroleum. Over the past nine trading sessions, Buffett's Berkshire Hathaway has been steadily...

Apple's stock price is skyrocketing, reaching $133.82 in early trading on Monday, inching closer to its all-time high of $134.54 from April 2015. The stock closed at $133.29, surpassing its previous record of $133...

Gold prices are holding steady above $2,300 as uncertainty looms around the Federal Reserve's rate-cut decisions. The Fed's recent hawkish outlook has led to speculation about only one rate cut in 2024, which has...

The stock market in the US is seeing an overall increase today, with the NASDAQ index leading the way towards gains. If the NASDAQ closes positively today, it will mark the sixth consecutive record...

The Pound Sterling is facing challenges as it continues to weaken against the US Dollar for the third consecutive trading day. Currently, the GBP/USD pair is hovering around 1.2670, reaching a monthly low. This...

Warren Buffett, speaking during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska, has been making headlines for reducing the company's stake in Chinese EV maker BYD to 6.9%. The conglomerate, an early investor...

The USD/JPY pair showed a choppy rise from 151.86 and broke through the 157.70 resistance last week. This led to a continuation of the upward movement, with the initial bias leaning towards the upside...

Last week, the EUR/USD experienced a drop due to political news from France, causing it to open the new week with a gap down. Although the gap was eventually filled later in the week,...

This week, Wall Street experienced a rare midweek holiday with the stock and bond markets closed for the Juneteenth Holiday on Wednesday. The four-day trading week usually means lower volume and added volatility, which...

GameStop shares took a hit on Monday, dropping about 12% following a significant decline of nearly 40% on Friday. This downward spiral was triggered by a disappointing earnings report and an unimpressive livestream from...

Gold prices surged above $2,330 as investors placed their bets on the Federal Reserve (Fed) cutting interest rates later in the year. This increase was driven by the latest inflation data from the United...

Gold prices took a hit on Thursday following the release of U.S. producer prices data. The U.S. Federal Reserve recently announced that they would only be cutting interest rates once this year, which is...

GB Group, a digital identity products and services provider, has recently received a buy rating from Jefferies Financial Group. Jefferies Financial Group reiterated their positive outlook on GB Group's shares, with a target price...

Gold SWOT: Anglo American to List Anglo-American Platinum in LondonStrengths: - Palladium was the best performing precious metal for the week, showing an increase of 0.56%. Agnico reported operational improvements related to Shaft 4, mining...

Middle East Market Movements: Saudi Arabia SoarsIn a surprising turn of events, Saudi Arabia's benchmark index experienced a significant surge of 2.6%, marking its most substantial intraday rise in nearly a year. This uptick...

MATV | When (#MATV) Moves Investors should Listen (MATV)On June 1, 2024, a new trading opportunity emerged for investors in Mativ Holdings Inc. (MATV). The technical summary data indicates that buying MATV near 16.44...