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Nasdaq 100 Index Fell Despite Positive Inflation News

Nasdaq 100 Index Fell Despite Positive Inflation News

Yesterday, Consumer Price Index (CPI) values were published, indicating a slowdown in the rate of inflation in the USA. According to ForexFactory: → CPI month-on-month: actual = -0.1%, forecast = 0.1%, previous month = 0.0%; → CPI year-on-year: actual = 3.0%, forecast...

NZ Dollar Edges Higher Despite Soft Mfg. Data

NZ Dollar Edges Higher Despite Soft Mfg. Data

The New Zealand dollar is slightly higher on Friday. NZD/USD is trading at 0.6110 in the European session, up 0.24% on the day at the time of writing. New Zealand dollar showing big swings It has been a volatile few days for the New Zealand dollar. On Wednesday,...

Dune Partners with Conduit for BOB L2 Integration

Dune Partners with Conduit for BOB L2 Integration

Dune Catalyst, a prominent player in blockchain analytics, has announced a strategic partnership with Conduit, a company specializing in blockchain infrastructure, to integrate BOB L2. This move is aimed at expanding Dune's product...

USD/JPY Mid-Day Outlook – Action Forex

USD/JPY Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 156.97; (P) 159.37; (R1) 161.30; More… No change in USD/JPY’s outlook. Deeper decline is expected with 160.25 support turned resistance intact. Fall from 161.94 is seen as corrective the five-wave rally from 140.25. Sustained break of 55 D EMA (now...

FCA bans Clive Harris Mongelard

FCA bans Clive Harris Mongelard

The UK Financial Conduct Authority (FCA) has made an order prohibiting Clive Harris Mongelard aka Clive Harris aka Clive Lindsey from performing any function in relation to any regulated activity. Following civil proceedings brought by the FCA before the High Court of...

USD/CHF Mid-Day Outlook – Action Forex

USD/CHF Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 0.8919; (P) 0.8961; (R1) 0.9007; More… No change in USD/CHF’s outlook as further decline is expected with 0.9000 resistance intact. Deeper decline would be seen to 0.88825 support. Fall from 0.9223 should be in progress with near term channel...

Essential Tax Tips for Maximizing Investment Gains

Essential Tax Tips for Maximizing Investment Gains

Investing is one way to build wealth. But, understanding the tax implications is key for maximizing your returns. By managing your taxes well, you can keep more of your hard-earned gains. This guide provides essential tax tips to help you navigate investment taxation...

EU50 waits for directional spark :: InvestMacro

EU50 waits for directional spark :: InvestMacro

FXTM’s EU50 ↑ 10% since start of 2024EU data + ECB = big price swings?Over past year ECB decision triggered moves of ↑ 1.5% & ↓ 0.3%Index trading 3% away from YTD high at 5142.3Technical levels = 5010 & 4880Watch out for fresh trading opportunities in the week...

EUR/USD Outlook: Bulls Hold Grip for Further Advance

EUR/USD Outlook: Bulls Hold Grip for Further Advance

EURUSD continues to trend higher, with minimal negative impact from hotter than expected US PPI data (Jun 0.2% m/m vs 0.1% f/c and 0.0% in May). The latest bull-leg extends into third straight and day pressuring Thursday’s post US CPI spike high (1.0898) which guards...

More Democrats ask president to drop out

More Democrats ask president to drop out

U.S. President Joe Biden waves at a press conference during NATO's 75th anniversary summit, in Washington, U.S., July 11, 2024.Nathan Howard | ReutersThe reelection campaign of President Joe Biden started the day Friday facing the very real prospect that even more...

Special focus areas explained, ET BFSI

Special focus areas explained, ET BFSI

By Bikash Narayan MishraIndian banks are all set to chart a new course. As India aspires to be a $5 trillion economy in the next three years and touch $7 trillion by 2030, the banking system needs to be strong and resilient so that it can power the economy and absorb...

GBP/USD Mid-Day Outlook – Action Forex

GBP/USD Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 1.2858; (P) 1.2903; (R1) 1.2960; More… Intraday bias in GBP/USD remains on the upside for the moment. Decisive break of 61.8% projection of 1.2298 to 1.2859 from 1.2612 at 1.2959 would prompt upside acceleration through 1.3141 resistance to 100%...

EUR/USD Mid-Day Outlook – Action Forex

EUR/USD Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 1.0829; (P) 1.0864; (R1) 1.0904; More…. No change in EUR/USD’s outlook and intraday bias stays on the upside for retesting 1.0915 resistance. Decisive break there will resume whole rally from 1.0601 and target 100% projection of 1.0601 to 1.0915...

Tour $60 million mansion in Delray Beach, Florida

Tour $60 million mansion in Delray Beach, Florida

The Mar Pietra compound in Delray Beach, Florida, is being offered at $60 million.Daniel PetroniThe owner of a beachfront mansion in Delray Beach, Florida, is looking to shatter a local price record with a home that delivers old-school Italian flair above ground and...

Women set to inherit $9 trillion

Women set to inherit $9 trillion

Charday Penn | E+ | Getty ImagesUp to $9 trillion is expected to be passed along to spouses and partners in the coming years as part of what's being called "the horizontal wealth transfer," according to a new report.Over the next 20 to 30 years, aging baby boomers and...

Biden calls Ukraine leader Zelenskyy President Putin

Biden calls Ukraine leader Zelenskyy President Putin

President Joe Biden mistakenly introduced Ukrainian President Volodymyr Zelenskyy as "President Putin" at the NATO summit Thursday, an embarrassing verbal stumble at a time when Biden faces intense questions about his mental competency.Biden's confusion of Zelenskyy...

Citigroup (C) earnings Q2 2024

Citigroup (C) earnings Q2 2024

CEO of Citi, Jane Fraser during the panel on Tech and finance - tailwinds and headwinds at the Global Hong Kong Global Financial Leaders Investment Summit on November 7, 2023 in Hong Kong, China.Vernon Yuen | Nurphoto | Getty ImagesCitigroup on Friday posted...

Analysis of USD/JPY: Was There an Intervention?

Analysis of USD/JPY: Was There an Intervention?

Yesterday’s news of slowing inflation in the US sharply weakened the dollar, anticipating the Federal Reserve’s monetary easing. In the first 15 minutes after the data release: → EUR/USD rose by approximately 0.45% to the psychological level of 1.09; → GBP/USD...

Corporates Have Weighed in on Crypto Once Again

Corporates Have Weighed in on Crypto Once Again

Market picture The crypto market capitalisation fell by 0.8% in 24 hours to $2.11 trillion. An attempt to strengthen the market’s offensive on news about inflation in the US attracted new sellers, which this time can easily be linked to the similar dynamics of the...

Oil prices higher after cooler inflation data

Oil prices higher after cooler inflation data

Oil futures rose Friday morning, aiming for a third straight winning session, after finding modest support the previous day following a cooler-than-expected June consumer-price index reading that reinforced expectations for the Federal Reserve to begin cutting...

Spotware releases cTrader Desktop 5.0.28

Spotware releases cTrader Desktop 5.0.28

Fintech company Spotware Systems today announced the release of cTrader Desktop 5.0.28. In the latest version of the trading platform, client-side validation and handling for algorithm synchronization exclusions have been added. A number of issues were addressed,...

President Joe Biden holds rare solo press conference

President Joe Biden holds rare solo press conference

[The stream is slated to start at 7 p.m. ET. Please refresh the page if you do not see a player above at that time.]President Joe Biden is set to hold a solo press conference in Washington on Thursday following a busy day of NATO Summit events.The press conference is...

USD/JPY Stabilizes After Massive Slide

USD/JPY Stabilizes After Massive Slide

The Japanese yen has edged lower on Friday, after posting huge gains a day earlier. USD/JPY is trading at 159.16 in the European session, up 0.26% on the day at the time of writing. Japanese yen soars – soft US inflation or intervention? The US dollar was down against...

NITI Aayog member Arvind Virmani, ET BFSI

NITI Aayog member Arvind Virmani, ET BFSI

The Indian economy will grow around 7 per cent in the current fiscal year and is on track to maintain a similar growth rate for several years, NITI Aayog member Arvind Virmani said on Friday. Virmani said there are new challenges facing the country and they will have...

Cliff Notes: Shifting Risks and Rhetoric

Cliff Notes: Shifting Risks and Rhetoric

Key insights from the week that was. The July Westpac-MI Consumer Sentiment Survey confirmed that households remain downbeat, with the headline index falling 1.1% to 82.7. The latest update continues to speak to a challenging context, characterised by a resurgence in...

GBPJPY Hits 20-Day SMA After Multi-Year High

GBPJPY Hits 20-Day SMA After Multi-Year High

GBPJPY may start bearish correction Stochastics move down; RSI ticks up GBPJPY suffered significant losses following an aggressive rally to the multi-year high of 208.10. The pair found immediate support at the 20-day simple moving average (SMA) of 203.80, keeping the...

Pepperstone CMO Tony Gruebner departs

Pepperstone CMO Tony Gruebner departs

Tony Gruebner, who has spent the past four years as Chief Marketing Officer (CMO) at leading Australia based Retail FX and CFDs broker Pepperstone, has announced that he is leaving the company. Tony Gruebner joined Pepperstone in 2020 from Sportsbet, Australia’s...

ISF report, BFSI News, ET BFSI

ISF report, BFSI News, ET BFSI

About 220,000 flexible jobs were created in 2023-24, according to an Indian Staffing Federation (ISF) report. Flexi staffing industry grew 15.3% year-on-year, up from 14% in the previous fiscal, as per the ISF’s Annual Employment Trends 2024 report. The total flexi...

10 Best Blockchain Interoperability Tools

10 Best Blockchain Interoperability Tools

Blockchain offers a transparent, secure and decentralized approach for storing and exchanging data, which has transformed our conventional viewpoints on technology. The power of blockchain has helped in empowering the web3 landscape with multiple base-layer...

RBI, BFSI News, ET BFSI

RBI, BFSI News, ET BFSI

New Delhi, As India aims to become the world's third largest economy soon, the banking sector is undergoing a decade-high performance in financial metrics, according to Swaminathan J, Deputy Governor of the Reserve Bank of India (RBI).According to him, the central...

Limassol CFDs broker office hit in drive-by shooting

Limassol CFDs broker office hit in drive-by shooting

Cyprus news websites Cyprus Mail and in-Cyprus are reporting details of a drive-by shooting that occurred late Thursday, in front of the offices of an (unnamed) Limassol based Retail FX and CFDs broker. According to Cyprus Mail, an office building in Limassol was...

USDCAD Trades Sideways as 200-SMA Provides Support

USDCAD Trades Sideways as 200-SMA Provides Support

USDCAD is rangebound in the past few sessions The 200-day SMA caps the pair’s downside Momentum indicators are negatively tilted USDCAD had been hovering around its 50-day simple moving average (SMA) for the past two months, appearing incapable of clearing this...

Can a Spender and a Saver Live in Financial Harmony?

Can a Spender and a Saver Live in Financial Harmony?

Tension is thick in the air, sparks flying as a couple stands face-to-face, locked in an intense struggle. But this isn't just any battle—it's the battleground of finances, where love and money collide!In one corner, we have Lara, a fierce spending Guardian armed with...

FX option expiries for 12 July 10am New York cut

FX option expiries for 12 July 10am New York cut

There are a couple to take note of, as highlighted in bold.The first being for EUR/USD at the 1.0850 level. That could be a bit of a magnet for price action and if anything else, limit any major pullback to the gains from yesterday. That is before the expiries roll...

JPMorgan Chase (JPM) earnings Q2 2024

JPMorgan Chase (JPM) earnings Q2 2024

Jamie Dimon, chairman and chief executive officer of JPMorgan Chase & Co., speaks during an Economic Club of New York (ECNY) event in New York, US, on Tuesday, April 23, 2024. Victor J. Blue | Bloomberg | Getty ImagesJPMorgan Chase is scheduled to report...

USD/JPY Mid-Day Outlook – Action Forex

USD/JPY Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 161.38; (P) 161.59; (R1) 161.93; More… USD/JPY declines sharply in early US session and breaks 160.25 support decisively. Considering bearish divergence condition in D MACD, fall from 161.49 might already be correcting the whole five-wave rally from...

Delta CEO says Paris Olympics will cost it $100 million

Delta CEO says Paris Olympics will cost it $100 million

This picture taken in Paris on March 3, 2024, shows the silhouette of the Eiffel Tower and the city skyline with cloudy weather.Stefano Rellandini | Afp | Getty ImagesFor more than 10,000 Olympic athletes, making it to Paris this summer is a dream come true. Thousands...

USD/CHF Mid-Day Outlook – Action Forex

USD/CHF Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 0.8973; (P) 0.8987; (R1) 0.9011; More… USD/CHF’s decline from 0.9049 resumed by breaking through 0.8942 support and intraday bias remains is back on the downside for retesting 0.8825. Fall from 0.9223 should be in progress with near term channel...

TurboTax is Elevating Hoop Dreams in Atlanta

TurboTax is Elevating Hoop Dreams in Atlanta

TurboTax is here to make your moves count. That’s why we’re partnering with the Atlanta Entertainment Basketball League (AEBL) to elevate up-and-coming basketball hoopers. TurboTax will be sponsoring the AEBL’s 8-week basketball season and their mission of using sport...

GBP/USD Mid-Day Outlook – Action Forex

GBP/USD Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 1.2800; (P) 1.2825; (R1) 1.2872; More… GBP/USD’s rally continues today and intraday bias stays on the upside for 61.8% projection of 1.2298 to 1.2859 from 1.2612 at 1.2959. Decisive break there would prompt upside acceleration through 1.3141 to 100%...

EUR/USD Mid-Day Outlook – Action Forex

EUR/USD Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 1.0817; (P) 1.0824; (R1) 1.0838; More…. EUR/USD’s rise from 1.0665 resumed by breaking through 1.0844 temporary top and intraday bias is back on the upside for 1.0915 resistance. Firm break there will resume whole rally from 1.0601 and target 100%...

AUD/USD Mid-Day Report – Action Forex

AUD/USD Mid-Day Report – Action Forex

Daily Pivots: (S1) 0.6735; (P) 0.6744; (R1) 0.6755; More... Intraday bias in AUD/USD remains on the upside as current rally continues to 61.8% projection of 0.6361 to 0.6713 from 0.6619 at 0.6837. Decisive break there could prompt upside acceleration through 0.6870...

EUR/JPY Mid-Day Outlook – Action Forex

EUR/JPY Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 174.50; (P) 174.83; (R1) 175.45; More… EUR/JPY’s strong break of 173.50 support suggests that a short term top was formed at 175.41, on bearish divergence condition in 4H MACD. But there is no clear sign of trend reversal yet. While deeper pullback...

ECB Preview – Holiday Season

ECB Preview – Holiday Season

The ECB meeting next week is expected to be largely a stock taking meeting and not a place to send new policy signals. The meeting by meeting and data dependent approach is clear and Lagarde has highlighted that the profit, wages and productivity data will be key,...

EUR/GBP Technical: Make the Pound Great Again

EUR/GBP Technical: Make the Pound Great Again

EUR/GBP has resumed its downward trajectory since the start of the year, now trading close to a 2-year low at 0.8320. Unfavourable political environment in France versus a newly formed Labour-led UK government that favours pro-growth policies may see further...

June CPI: September Rate Cut Incoming

June CPI: September Rate Cut Incoming

Summary This morning’s CPI report was arguably the most encouraging one the FOMC has received since it began its inflation fight nearly two and a half years ago. Consumer prices declined by 0.1%, led lower by a drop in energy prices and a modest increase in food...

GBP/JPY Mid-Day Outlook – Action Forex

GBP/JPY Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 206.68; (P) 207.25; (R1) 208.34; More… GBP/JPY’s steep decline and strong break of 206.12 support suggest that a short term top is formed at 208.09, on bearish divergence condition in 4H MACD. While deeper decline cannot be ruled out, downside...

Stock indexes hint at Euro 2024 winners? :: InvestMacro

Stock indexes hint at Euro 2024 winners? :: InvestMacro

UK100 index has risen 6.2% so far this yearMarkets predict SPN35 can climb another 18.7% within 12 monthsMarkets predict UK100 can climb another 14.4% within 12 monthsSpain favoured to beat England in Euro 2024 finalEngland and Spain are set to battle it out for...

HSBC India and British Council launch ‘Climate Skills

HSBC India and British Council launch ‘Climate Skills

HSBC India and British Council, on Thursday announced the launch of the "Climate Skills: Seeds for Transition India" project in a partnership. The programme is part of the British Council’s long-term international effort to establish a global climate skills approach...

PepsiCo (PEP) earnings Q2 2024 earnings

PepsiCo (PEP) earnings Q2 2024 earnings

Pepsi bottles with new and previous logos are seen at the grocery store in Las Vegas, United States on November 17, 2023.Jakub Porzycki | Nurphoto | Getty ImagesPepsiCo reported mixed quarterly results Thursday, hurt by declining demand in North America for its drinks...

US initial jobless claims falls to 222k vs exp 239k

US initial jobless claims falls to 222k vs exp 239k

US initial jobless claims fell -17k to 222k in the week ending July 6, below expectation of 239k. Four-week moving average of initial claims fell -4k to 233.5k. Continuing claims fell -4k to 1852k in the week ending June 29. Four-week moving average of continuing...

FanDuel, DraftKings prepare for gambling rise

FanDuel, DraftKings prepare for gambling rise

The Olympic Rings being placed in front of the Eiffel Tower in celebration of the French capital won the hosting right for the 2024 Summer Olympics.Sopa Images | Lightrocket | Getty ImagesSportsbooks and daily fantasy operators are preparing for a Summer Olympics...

Audi, Inter Miami CF strike multiyear partnership

Audi, Inter Miami CF strike multiyear partnership

Volkswagen-owned Audi has struck a multiyear partnership with Inter Miami CF as the team's official automotive partner.Courtesy: AudiAudi is driving up its sports investments and becoming the official automotive partner of Inter Miami CF.The Volkswagen-owned company...

Pound on the Offensive – Action Forex

Pound on the Offensive – Action Forex

Positive news for the Pound, beyond the fact that England will play in the Euro-24 final. The monthly estimate showed that the economy grew by 0.4% in May (twice as much as expected) and that growth in the last three months accelerated to 1% year-on-year. That’s the...

Delta Air Lines (DAL) earnings Q2 2024

Delta Air Lines (DAL) earnings Q2 2024

Nurphoto | Nurphoto | Getty ImagesDelta Air Lines on Thursday forecast record revenue for the third quarter thanks to booming summer travel demand, but its earnings forecast fell short of analysts' estimates.Shares of Delta fell about 7% in premarket trading. Here's...

Crypto Lacks Bulls – Action Forex

Crypto Lacks Bulls – Action Forex

Market picture It seems that all the market bulls have moved on to US and Japanese equities, avoiding cryptocurrencies. The cryptocurrency market failed to break out of its consolidation, and its capitalisation rolled back 1.3% to $2.13 trillion, inside the range from...

AUDUSD Posts a Fresh 6-month High

AUDUSD Posts a Fresh 6-month High

AUDUSD breaks decisively above sideways pattern The price jumps to its highest since January 2024 Oscillators are flagging overbought conditions AUDUSD had been trading in a neutral range for more than two months, unable to adopt a clear directional impetus. However,...

State Street Global Advisors launches Gold Fund

State Street Global Advisors launches Gold Fund

State Street Global Advisors, the asset management business of State Street Corporation (NYSE:STT), today announced the launch of the State Street Gold Fund, a new unlisted managed fund in Australia. The State Street Gold Fund seeks to track the performance of the...

Confronting Your Past | YNAB

Confronting Your Past | YNAB

This post is adapted from YNAB's twice-monthly newsletter, Loose Change. There’s this person that keeps following you around the store. Don’t freak out; it’s not a stranger and they mean you no harm. It’s your past. 👋“Oh hey, remember how you majored in philosophy?...

SBI Report, BFSI News, ET BFSI

SBI Report, BFSI News, ET BFSI

The recent KLEMS [capital (K), labour (L), energy (E), material (M) and services (S)]data by the Reserve Bank of India and the ASUSE (Annual Survey of Unincorporated Sector Enterprises) employment numbers of the government broadly match, SBI Research said in its...

FX option expiries for 11 July 10am New York cut

FX option expiries for 11 July 10am New York cut

There are just a couple to take note of on the day, as highlighted in bold.The first being for USD/CHF at the 0.8950 level. It isn't one that holds any technical significance but could hold any downside pressure as it coincides with the weekly pivot. The ceiling for...

USD/CHF Mid-Day Outlook – Action Forex

USD/CHF Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 0.8965; (P) 0.8978; (R1) 0.8991; More… USD/CHF is staying in range of 0.8942/9049 and intraday bias remains neutral. As noted before, rebound from 0.8825 could have completed at 0.9049, after rejection by falling channel resistance. Below 0.8942...

USD/JPY Mid-Day Outlook – Action Forex

USD/JPY Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 160.85; (P) 161.18; (R1) 161.63; More… USD/JPY is still staying in range below 161.95 and intraday bias remains neutral. Further rally is expected with 160.25 minor support intact. On the upside, break of 161.94 will resume larger up trend to 61.8%...

GBP/USD Mid-Day Outlook – Action Forex

GBP/USD Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 1.2768; (P) 1.2797; (R1) 1.2815; More… Intraday bias in GBP/USD remains neutral as consolidation continues below 1.2845. Further rally is expected as long as 55 4H EMA (now at 1.2752) holds. Firm break of 1.2859 will resume the rally from 1.2298 and...

EUR/USD Mid-Day Outlook – Action Forex

EUR/USD Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 1.0802; (P) 1.0824; (R1) 1.0845; More…. Intraday bias in EUR/USD remains neutral as consolidation continues below 1.0844. Further rally is in favor as long as 55 4H EMA (now at 1.0789) holds. On the upside, above 1.0844 will resume the rebound from...

AUD/NZD: Kiwi Torpedoed by Surprise Dovish Tilt from RBNZ

AUD/NZD: Kiwi Torpedoed by Surprise Dovish Tilt from RBNZ

The Kiwi is the worst intraday performer among the major currencies as it slumped to a 4-week low against the US dollar. A dovish tilt in the latest RBNZ monetary policy statement has triggered a narrowing of the yield discount between the 2-year Australian and New...

Expert Says Buy Copper :: InvestMacro

Expert Says Buy Copper :: InvestMacro

Michael Ballanger of GGM Advisory Inc. shares his thoughts on the current state of copper and gold and explains his positions in some stocks. When I started writing a newsletter decades ago, I did so for two reasons. The first was to condense communication to one...

Weak Inflation in China Clears the Way for Global Easing

Weak Inflation in China Clears the Way for Global Easing

China’s consumer inflation slowed from 0.3% y/y to 0.2% instead of the expected acceleration to 0.4%, bringing investors’ attention back to weak demand. Meanwhile, manufacturing price deflation slowed from -1.4% y/y to -0.8% y/y, staying in negative territory for the...

RBI, BFSI News, ET BFSI

RBI, BFSI News, ET BFSI

MUMBAI: RBI has raised concerns again over misuse of 'internal' accounts in some banks. The central bank's inspections have revealed that some internal accounts - which are used by a bank for its own operations - have been used as a conduit for fraud and...

GBPAUD Holds Above Key Support Area

GBPAUD Holds Above Key Support Area

GBPAUD consolidates above key support zone RSI and MACD detect negative momentum But a break below 1.8900 is needed to darken the outlook A rebound above 1.9350 may invite more bulls GBPAUD has been trading in a consolidative manner lately staying above the key...

UK Data Eyed as Pound Celebrates Labour Win

UK Data Eyed as Pound Celebrates Labour Win

Monthly GDP and production figures for June on tap Strong data might hurt August rate cut expectations Pound flirts with $1.28 ahead of Thursday’s release (06:00 GMT) Uptick in GDP expected The UK economy got off to a solid start this year, emerging strongly from a...

Goyal, BFSI News, ET BFSI

Goyal, BFSI News, ET BFSI

New Delhi, Commerce and Industry Minister Piyush Goyal on Wednesday said both India and the UK are committed to the proposed free trade agreement (FTA) between the two countries. He said that the initial comments made by the new UK government are "very" encouraging....

Everything launched at the event

Everything launched at the event

Samsung launched two new foldable smartphones at its Unpacked event in Paris: the Galaxy Flip6 and the Galaxy Fold6.Arjun Kharpal | CNBCOn Wednesday, Samsung held its Unpacked Event, where it launched a slew of products.Here's a list of all the products the tech giant...

Sunset Market Commentary – Action Forex

Sunset Market Commentary – Action Forex

Markets In today’s extremely dull trading session, some volatility in the New Zealand dollar, Norwegian krone and Czech koruna are keeping us somewhat entertained. You’ll find the latter two in the section down below. NZD is under pressure (NZD/USD 0.6078) following...

RBNZ Dovishness Hits Kiwi – Action Forex

RBNZ Dovishness Hits Kiwi – Action Forex

The Reserve Bank of New Zealand kept its benchmark interest rate at 5.5% for the eighth consecutive meeting, which was in line with analyst expectations. However, the central bank’s comments were softer than expected, dragging down NZDUSD by around 1% to 0.6070, a low...

CMC Markets grants 113k shares to CEO Peter Cruddas

CMC Markets grants 113k shares to CEO Peter Cruddas

CMC Markets Plc (LON:CMCX), a major provider of online trading and institutional technology solutions, today announced transactions in its shares by senior executives. On July 9, 2024, CMC Markets granted 113,772 shares in the company to CEO Peter Cruddas. This is a...

Yen Weakness Persists in Calm Trading; Dollar Range-Bound

Yen Weakness Persists in Calm Trading; Dollar Range-Bound

Yen continues its extended selloff today, except against New Zealand Dollar, in an otherwise subdued forex market. Reports indicate that BoJ may lower its economic growth forecasts for this year at its meeting later in July, while predicting that inflation will hover...

Walmart to open five automated distribution centers

Walmart to open five automated distribution centers

Automated distribution centers for Walmart grocery business.Courtesy: WalmartWalmart said Wednesday that it will open five automated distribution centers for fresh food across the country, as the retailer chases efficiency and its online grocery business grows.The...

DTCC’s FICC introduces public-facing VaR calculator

DTCC’s FICC introduces public-facing VaR calculator

The Depository Trust & Clearing Corporation (DTCC) today announced the launch of a new public-facing Value at Risk (VaR) calculator. The calculator provides market participants with the ability to evaluate potential margin and Clearing Fund obligations associated...

Crypto Market Looks to Return to Growth

Crypto Market Looks to Return to Growth

Market Picture According to the sentiment index, the cryptocurrency market remains in a state of fear at 28. Still, market capitalisation rose for the second day in a row as lower prices attracted buyers. Capitalisation rose 1.9% to $2.16 trillion, surpassing previous...

NZD/USD Outlook: Kiwi Dollar Down 1% on Dovish RBNZ

NZD/USD Outlook: Kiwi Dollar Down 1% on Dovish RBNZ

NZDUSD was sharply lower during Wednesday morning (down almost 1% for the session) deflated by the Reserve Bank of New Zealand’s dovish stance. The central bank left interest rates unchanged at 5.5%, as widely expected, but signaled that the door for possible rate cut...

USDJPY Reapproaches Multi-Year Highs – Action Forex

USDJPY Reapproaches Multi-Year Highs – Action Forex

USDJPY edges higher after the pullback from 38-year high pauses The risk of a Japanese intervention is active at current levels Momentum indicators provide overbought signals USDJPY experienced a minor setback from its 38-year high of 161.95, which quickly came to a...

NZDUSD Tumbles After RBNZ’s Decision

NZDUSD Tumbles After RBNZ’s Decision

NZDUSD finds support at 200-day SMA Prices have been heading lower over the last month Stochastics and RSI keep downside move NZDUSD is posting notable losses after the RBNZ’s policy decision to leave interest rates unchanged at 5.5%. The pair is pausing its decline...

RBI dy guv, ET BFSI

RBI dy guv, ET BFSI

Mumbai: The banking sector, which is at a decadal high in terms of financial parameters, is all set to support the growth of the Indian economy, Reserve Bank deputy governor Swaminathan J said on Tuesday. Addressing a conference of statutory auditors and chief...

Equals receives improved proposal from Railsr, TowerBrook

Equals receives improved proposal from Railsr, TowerBrook

Equals Group plc (LON:EQLS) today provided an update on the review of its strategic options. The Board of Equals confirms that it has received an improved indicative non-binding proposal from the consortium comprising Embedded Finance Limited (“Railsr”) and TowerBrook...

What are Bias and Variance in Machine Learning?

What are Bias and Variance in Machine Learning?

Machine learning deserves more scrutiny than ever due to the growing adoption of ML applications. The development and assessment of ML models have become more complex with the use of larger datasets, new learning requirements, innovative algorithms, and diverse...

Is It Time for Gold to Emerge Above Key Resistance?

Is It Time for Gold to Emerge Above Key Resistance?

Gold trades higher, but withing a broader sideways range RSI and MACD imply strengthening upside momentum A break above 2388 could add to the bullish case A dip below 2340 may allow declines within the range Gold is moving higher today, after hitting support near the...

Gold Prices Rise Amid Anticipation of Fed Rate Cut

Gold Prices Rise Amid Anticipation of Fed Rate Cut

Gold prices continue to experience an upward trend, reaching 2368 USD per troy ounce, fuelled by growing market anticipation of a potential rate cut by the US Federal Reserve. As investors focus on upcoming US inflation data, gold remains a focal point of investment...

Microsoft drops its observer seat on OpenAI board

Microsoft drops its observer seat on OpenAI board

Jaap Arriens | Nurphoto | Getty ImagesMicrosoft said that it would give up its observer seat on the OpenAI board amid regulatory scrutiny into generative artificial intelligence in Europe and the U.S.Microsoft's Deputy General Counsel Keith Dolliver wrote a letter to...

First Ariane 6 launch of European rocket

First Ariane 6 launch of European rocket

This photograph shows the takeoff of the European Space Agency satellite launcher Ariane 6 rocket from its launch pad, at the Guiana Space Centre in Kourou, French Guiana, on July 9, 2024.Jody Amiet | AFP | Getty ImagesThe powerful European-built Ariane 6 rocket made...

RBI DG Swaminathan, ET BFSI

RBI DG Swaminathan, ET BFSI

">"The fourth and most critical line of assurance for a Regulator is the bank’s Statutory Auditors," noted RBI DG Swaminathan JTransparency is the key, and by sharing comprehensive and accurate data, CFOs not only facilitate a smoother audit and supervision process...

RBI DG Rao, ET BFSI

RBI DG Rao, ET BFSI

">"External audit is an indispensable component of a robust regulatory framework," stated RBI Deputy Governor, M Rajeshwar RaoThe statutory auditors play a significant role in maintaining stakeholder confidence in audited financial statements, which is particularly...

FX option expiries for 10 July 10am New York cut

FX option expiries for 10 July 10am New York cut

There are a couple to take note of, as highlighted in bold.The first ones are for EUR/USD at 1.0770-75. However, the expiries do not hold much technical significance with key support still seen at around 1.0795-00 currently. That coincides with the confluence of the...

Crypto Bargain-Hunters Are Back – Action Forex

Crypto Bargain-Hunters Are Back – Action Forex

Market picture Bargain hunters are showing themselves in full force in crypto. Cryptocurrency market capitalisation rose 3.6% in 24 hours to $2.11 trillion, climbing back to the top of the range of the past five days. It will take the market to rise another 2% before...

XAU/USD Analysis: Gold Price Falls from Six-Week High

XAU/USD Analysis: Gold Price Falls from Six-Week High

As shown by the XAU/USD chart, on Friday, 5 July, the price of gold rose above the $2390 level for the first time since 22 May. According to Reuters, this increase occurred following the release of key US employment data, which indicated a softening labour market,...

DAX Elliott Wave: Buying the Dips at the Blue Box Area

DAX Elliott Wave: Buying the Dips at the Blue Box Area

Hello fellow traders. In this article we’re going to take a quick look at the Elliott Wave charts of DAX published in members area of the website. As our members know DAX is showing impulsive bullish sequences and we are keep favoring the long side. Recently we got a...

Company to cut 10% of workforce

Company to cut 10% of workforce

Daniel Dines, Co-founder & CEO at UiPath addresses the audience during the third day of the Web Summit 2021 at Parque das Nacoes in Lisbon. Bruno de Carvalho | SOPA Images | Lightrocket | Getty ImagesUiPath, a developer of automation software, is cutting 10% of...

Digital Art Mile Shines at Art Basel 2024

Digital Art Mile Shines at Art Basel 2024

The Digital Art Mile at Art Basel 2024 showcased the evolving presence and acceptance of digital art, featuring contributions from notable artists and platforms. According to Tezos Spotlight, this satellite event, supported by the Tezos...

GBP/USD Outlook: Bulls Pause ahead of Powell

GBP/USD Outlook: Bulls Pause ahead of Powell

Cable is holding within a narrow range under new multi-week high during European trading on Tuesday, as markets await today’s key event – the testimony of Fed Chair Powell. Long upper shadow of Monday’s daily candle and overbought conditions on daily chart suggest...

EUR/USD Mid-Day Outlook – Action Forex

EUR/USD Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 1.0802; (P) 1.0824; (R1) 1.0845; More…. Intraday bias in EUR/USD remains neutral for consolidations below 1.0844 temporary top. Further rally is in favor as long as 55 4H EMA (now at 1.0783) holds. On the upside, above 1.0844 will resume the rebound...

GBP/USD Mid-Day Outlook – Action Forex

GBP/USD Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 1.2785; (P) 1.2815; (R1) 1.2838; More… Intraday bias in GBP/USD remains neutral for consolidation below 1.2845. Further rally is expected as long as 55 4H EMA (now at 1.2743) holds. Firm break of 1.2859 will resume the rally from 1.2298 and target...

USD/CHF Mid-Day Outlook – Action Forex

USD/CHF Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 0.8954; (P) 0.8966; (R1) 0.8987; More… Intraday bias in USD/CHF stays neutral for the moment. As noted before, rebound from 0.8825 could have completed at 0.9049, after rejection by falling channel resistance. Below 0.8942 will bring deeper fall to...

USD/JPY Mid-Day Outlook – Action Forex

USD/JPY Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 160.28; (P) 160.84; (R1) 161.35; More… Intraday bias in USD/JPY stays neutral at this point. Further rally is expected with 160.25 minor support intact. On the upside, break of 161.94 temporary top will resume larger up trend to 61.8% projection of...

Euro Shrugs as Investor Confidence Tumbles

Euro Shrugs as Investor Confidence Tumbles

The euro is showing little movement on Tuesday. EUR/USD is trading at 1.0819, up 0.05% on the day. The eurozone Sentix Investor Confidence index resumed its losing ways on Monday. The index slid to -7.3 in July, after a 0.3 gain in June. Prior to the June reading, the...

NZD Edges Lower Ahead of RBNZ Decision

NZD Edges Lower Ahead of RBNZ Decision

The New Zealand dollar is steady on Tuesday. NZD/USD is trading at 0.6115, down 0.16% in the European session at the time of writing. The New Zealand dollar looked sharp last week against the slumping US dollar, climbing 0.88%. Reserve Bank expected to hold rates...

Fed’s Powell highlights risks beyond elevated inflation

Fed’s Powell highlights risks beyond elevated inflation

In his prepared remarks for the semiannual testimony to Congress, Fed Chair Jerome Powell reiterated that it is not appropriate to cut interest rate until there is “greater confidence” that inflation is moving sustainably toward 2%. Nevertheless, He noted that recent...

Gravitics lands $125 million order from Axiom

Gravitics lands $125 million order from Axiom

A pathfinder for Gravitics' 4-meter space station module design in use for developing manufacturing and assembly methods.GraviticsWashington-based startup Gravitics has signed a $125 million contract to expand Axiom Space's planned space station, the latest deal in...

Sunset Market Commentary – Action Forex

Sunset Market Commentary – Action Forex

Markets European markets were captured in an indecisive trading pattern yesterday, in the wake of the surprise win of the left alliance in the French elections. Spreads of France (and other peripheral EMU countries) initially tightened marginally as none of the...

Markets Await Fed Powell’s Insights, RBNZ on Deck

Markets Await Fed Powell’s Insights, RBNZ on Deck

As US session kicks off, Dollar is trading mildly higher, with traders eagerly anticipating Fed Chair Jerome Powell’s two-day semiannual testimony before Congress. The key questions looming over the markets are whether the Fed will initiate interest rate cuts in...

Australian Dollar Drifting After Mixed Confidence Data

Australian Dollar Drifting After Mixed Confidence Data

The Australian dollar continues to show little movement this week. AUD/USD is trading at 0.6638 in the European session, up 0.02% on the day. Australia released mixed confidence indicators earlier today while there are no US economic releases. Federal Reserve Chair...

Pound Preparing for Bullish Breakout

Pound Preparing for Bullish Breakout

GBPUSD is trading near 1.28, which has acted as an area of resistance in the pair since last December. At the same time, the range of fluctuations of the pound is narrowing, as since October, the downside impulses have become less and less deep, with the price...

SBI Capital Markets, ET BFSI

SBI Capital Markets, ET BFSI

Industry credit has grown at a CAGR (compound annual growth rate) of 5 per cent in the past five fiscals, slower than overall bank credit of CAGR 10 per cent.Credit growth in the Indian banking sector is expected to exceed nominal GDP growth in the current financial...

The Future of Web3 Gaming

The Future of Web3 Gaming

Web3 gaming has painted a favorable picture for the future of the gaming industry. It is reasonable to think about the future of web3 gaming as it may transform the way we perceive gaming. Web3 introduces the promise of decentralization and transparency with immersive...

EUR/JPY Daily Outlook – Action Forex

EUR/JPY Daily Outlook – Action Forex

Daily Pivots: (S1) 173.54; (P) 174.08; (R1) 174.65; More… Intraday bias in EUR/JPY remains neutral for the moment. On the upside, firm break of 174.50 will resume the larger up trend and target 138.2% projection of 164.01 to 170.87 from 167.52 at 177.00. On the...