by OverviewFX | Jul 26, 2024 | Economy
By JustMarketsAt Thursday’s close, the Dow Jones Index (US30) added 0.20%, while the S&P 500 Index (US500) was down 0.51%. The NASDAQ Technology Index (US100) closed negative 0.93%. Stocks continued to decline on Thursday amid weakness in chip stocks and selloffs...
by OverviewFX | Jul 26, 2024 | Economy
4 of the so-called “Magnificent 7” set to publish earningsCombined market cap of 4 tech giants over $9 trillionBeyond earnings, key focus remains on AI initiativesMeta could move almost 10% ↑ or ↓ post-earningsApple biggest company in the world reports results...
by OverviewFX | Jul 26, 2024 | Economy
By RoboForex Analytical DepartmentThe USD/CAD pair ended its continuous upward trend on Friday, 26 June 2024, settling around 1.3813, signalling a potential shift towards correction.The Bank of Canada decided to lower the interest rate from 4.75% p.a. to 4.50% p.a. at...
by OverviewFX | Jul 26, 2024 | Economy
UK financial regulator The Financial Conduct Authority (FCA) has announced that it will be setting out new rules and proposals to build up UK wholesale markets. The FCA said it has set out a package of measures designed to help strengthen the UK’s capital markets and...
by OverviewFX | Jul 25, 2024 | Economy
FNG Exclusive… FNG has learned that Kuwait based online brokerage firm NCM Financial has plans to expand to the UK. NCM set up a new UK subsidiary NCM Financial UK Ltd in late 2021, and in 2022 began the application process for an FCA license for the new entity. The...
by OverviewFX | Jul 25, 2024 | Economy
By RoboForex Analytical DepartmentGBP/USD pair is down to 1.2892 on Thursday. Selling intensified on the 18th of July. Since then, GBP has remained under pressure, although it is making attempts to stabilise.Statistics released earlier showed that UK private sector...
