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Crude Oil Price Fell Further on Growing Demand Concerns

Crude Oil Price Fell Further on Growing Demand Concerns

WTI oil price fell in early Wednesday as unexpected rise in US crude inventories further soured the sentiment on rising demand concerns. Fresh weakness emerged below the base of rising daily Ichimoku cloud and broke through pivots at $78.16 and $77.66 (100DMA / 50%...

WTI oil futures restart downtrend

WTI oil futures restart downtrend

WTI oil futures fall to two-month low on rising US stockpiles Short-term risk bearish, but market could be oversold A clear close below 77.44 could activate fresh selling WTI oil futures slid to a two-month low of 76.99 on Wednesday after their continuous attempts to...

EUR/USD Mid-Day Outlook – Action Forex

EUR/USD Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 1.0739; (P) 1.0764; (R1) 1.0779; More… Intraday bias in EUR/USD stays neutral for the moment. More consolidations could be seen below 1.0810. Further rally is expected as long as 55 4H EMA (now at 1.0731) holds. On the upside, above 1.0810 will...

GBP/USD Mid-Day Outlook – Action Forex

GBP/USD Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 1.2481; (P) 1.2528; (R1) 1.2554; More… Intraday bias in GBP/USD stays neutral at this point. Further rally is in favor with 1.2471 support intact. On the upside, above 1.2633 will resume the rebound from 1.2298 to 1.2708 resistance next. However,...

Citi makes strategic minority investment in Cicada

Citi makes strategic minority investment in Cicada

Citi has made a strategic minority investment in Cicada Technologies Inc. The investment was made by Citi’s Markets Strategic Investments unit, which is responsible for the sourcing and execution of strategic investments relevant to Citi’s Markets franchise. Citi will...

USD/CHF Mid-Day Outlook – Action Forex

USD/CHF Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 0.9061; (P) 0.9078; (R1) 0.9100; More…. No change in USD/CHF’s outlook as intraday bias stays neutral. Further decline is in favor as long as 55 4H EMA (now at 0.9099) holds. On the downside, break of 0.9005 and sustained trading below 55 D EMA (now...

Sunset Market Commentary – Action Forex

Sunset Market Commentary – Action Forex

Markets In yet another dull trading day the weak SEK (cf. below) and JPY stand out. The yen is not impressed by Ueda ramping up warnings. It began in Asian dealings, where the BoJ governor said that a policy response (i.e. rate hike) could be needed depending on the...

CEO, BFSI News, ET BFSI

CEO, BFSI News, ET BFSI

Rebello said that the company has started centralising operations in the last six months to overcome the challenges of decentralised operations - how it was structured historically. Updated On May 8, 2024 at 08:38 AM IST Mumbai: Mahindra & Mahindra Financial...

US Indices Heading Towards Highs

US Indices Heading Towards Highs

US indices have been gaining daily since the beginning of May. They have found strength amid relatively weak job reports and quite upbeat quarterly earnings. The S&P500 and Nasdaq100 indices are just 1.5% below the all-time highs set in March. The market downturn...

USD/JPY Mid-Day Outlook – Action Forex

USD/JPY Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 154.11; (P) 154.43; (R1) 155.01; More… Intraday bias in USD/JPY remains mildly on the upside at this point. Rebound from 151.86 is seen as the second leg of the corrective pattern from 160.20 high. Further rise would be seen to 157.98 resistance. On...

Shopify shares plunge 18% on weak guidance

Shopify shares plunge 18% on weak guidance

The corporate logo of e-commerce company Shopify hangs at the building that contains the offices of Shopify Commerce Germany GmbH on August 08, 2022 in Berlin, Germany. Sean Gallup | Getty ImagesShopify reported first-quarter earnings and sales on Wednesday that were...

Golden cross on the horizon? :: InvestMacro

Golden cross on the horizon? :: InvestMacro

USDSEK jumps on Riksbank cutCurrency pair in megaphone patternKey point of reference at golden 161.8 Fib levelPotential golden cross on horizonOther key levels at 11.0678 and 10.8333The USDSEK punched above 10.9 on Wednesday after Sweden’s central bank cut rates for...

World Bank India chief, ET BFSI

World Bank India chief, ET BFSI

World Bank’s Country Director for India, Dr Auguste Tano KouaméThe World Bank’s Country Director for India, Dr Auguste Tano Kouamé, on Wednesday said that for the 8% growth rate for India, there is a need for increase in the private investment apart from the public...

Canadian Dollar Slips Despite Strong Ivey PMI

Canadian Dollar Slips Despite Strong Ivey PMI

USD/CAD has edged higher on Wednesday and is up 0.25%, trading at 1.3760 at the time of writing. Canada’s Ivey PMI climbed sharply in April to 63.0, up from 57.5 in March and beating the forecast of 58.1. This marked the highest level since May 2022, indicating that...

Movie slate lacks franchise hits

Movie slate lacks franchise hits

Ryan Gosling stars in Universal's "The Fall Guy."UniversalFor the first time since 2009, the box office doesn't have a Marvel film to kick off the summer movie season — and it shows.Since the 2008 release of "Iron Man," Marvel Cinematic Universe films have...

EURJPY Flirts With 167.00 Again

EURJPY Flirts With 167.00 Again

EURJPY recoups previous losses Rebounds off ascending trend line Surpasses short-term SMAs Oscillators gain momentum EURJPY is flirting with the 167.00 round number after the bounce off the long-term rising trend line and the 164.00 handle. The pair has been...

Uber (UBER) Q1 2024 earnings

Uber (UBER) Q1 2024 earnings

Dara Khosrowshahi, CEO of Uber, speaking on CNBC's Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 17th, 2024.Adam Galici | CNBCUber reported first-quarter results on Wednesday that came in slightly above analysts' estimates for...

EUR/GBP Daily Outlook – Action Forex

EUR/GBP Daily Outlook – Action Forex

Daily Pivots: (S1) 0.8575; (P) 0.8587; (R1) 0.8611; More… EUR/GBP’s break of 0.8582 resistance suggests that fall from 0.8643 has completed at 0.8529. Intraday bias is back on the upside for 0.8643 resistance. Firm break there will resume the choppy rebound from...

Tradu launches crypto exchange – FX News Group

Tradu launches crypto exchange – FX News Group

Multi-asset trading platform Tradu has launched a new crypto exchange. From today, crypto traders can securely invest in over 40 coins including Bitcoin and Ethereum via Tradu’s trading platform. Tradu is part of Stratos Group International, LLC, a wholly owned...

EUR/JPY Daily Outlook – Action Forex

EUR/JPY Daily Outlook – Action Forex

Daily Pivots: (S1) 165.82; (P) 166.19; (R1) 166.73; More… EUR/JPY’s break of 55 4H EMA (now at 166.14) suggests that pull back from 171.58 has completed at 164.01 already. Rebound from there is seen as the second leg of the corrective pattern. Intraday bias is back on...

HK regulator warns public of Quantum AI

HK regulator warns public of Quantum AI

The Securities and Futures Commission (SFC) of Hong Kong today warned the public of suspected virtual asset-related fraud involving an entity operating under the name of “Quantum AI”. Quantum AI claims to provide cryptocurrency trading services with its underlying...

GBPUSD Pulls Back After Testing 50-day SMA

GBPUSD Pulls Back After Testing 50-day SMA

GBPUSD reverses lower after 50-day SMA curbs advance Violates both the 200-day SMA and descending trendline Momentum indicators are neutral-to-negative GBPUSD had been in a recovery mode following its bounce off the five-month bottom of 1.2298, with the price...

Reddit (RDDT) Q1 2024 earnings

Reddit (RDDT) Q1 2024 earnings

Reddit CEO Steve Huffman hugs mascot Snoo as Reddit begins trading on the New York Stock Exchange (NYSE) in New York on March 21, 2024. Timothy A. Clary | AFP | Getty ImagesReddit shares rallied 14% in extended trading on Tuesday after the company released quarterly...

CEA V Anantha Nageswaran, ET BFSI

CEA V Anantha Nageswaran, ET BFSI

CEA with other dignitaries at an event organised by NCAER in New Delhi.NEW DELHI: Chief Economic Adviser (CEA) V Anantha Nageswaran bets on the high possibility of India’s 8% growth rate in the Financial Year 2024. At an event organised by NCAER in New Delhi, the CEA...

Japanese Yen Weakens Despite Government Warnings

Japanese Yen Weakens Despite Government Warnings

The USD/JPY pair is on the rise again this Wednesday, recovering more than half of its previous losses despite ongoing warnings from Japanese authorities about sharp fluctuations in the yen. Finance Minister Shunichi Suzuki reiterated today that the government is...

MD & CEO Shanti Lal Jain, ET BFSI

MD & CEO Shanti Lal Jain, ET BFSI

Indian Bank witnessed a 11 per cent increase year-on-year in total deposits and it touched Rs 6,88,000 crore as of March 31, 2024 while gross advances increased by 13 per cent to Rs 5,33,773 crore. Public sector Indian Bank has set a target to cross Rs 1 lakh crore...

What are Convolutional Neural Networks (CNNs)?

What are Convolutional Neural Networks (CNNs)?

Artificial intelligence has reached a position that would be impossible to imagine a few years back. Machine learning models are capable of producing output that would have required months of work from expert data scientists. Artificial intelligence technology has...

GBP/JPY Daily Outlook – Action Forex

GBP/JPY Daily Outlook – Action Forex

Daily Pivots: (S1) 192.94; (P) 193.54; (R1) 194.08; More.. Intraday bias in GBP/JPY stays neutral for the moment. On the upside, sustained break of 55 4H EMA (now at 193.86) will bring stronger rebound back toward 197.40 resistance. On the downside, below 191.34 will...

Gold Stands Above 2,300 – Action Forex

Gold Stands Above 2,300 – Action Forex

Gold retains sideways move in 4-hour chart MACD and RSI look weak Gold prices are holding near the 50-period simple moving average (SMA) and the mid-level of the Bollinger band, trading within a sideways channel of 2,277-2,332 in the 4-hour chart. According to...

FX option expiries for 8 May 10am New York cut

FX option expiries for 8 May 10am New York cut

There aren't any major expiries to take note of for the day. As such, traders will have to get stuck with the push and pull mood after the events from last week. The dollar is steadier as the overall risk mood appears to be more muted in the last few sessions.If...

Oddity Tech (ODD) earnings Q1 2024

Oddity Tech (ODD) earnings Q1 2024

As Ulta Beauty says it expects a slowdown in retail's most resilient category, an upstart says it is bucking the trend. Oddity Tech, the newly public Israeli cosmetics platform that uses artificial intelligence to develop products, posted first-quarter results that...

Latest news on Russia and the war in Ukraine

Latest news on Russia and the war in Ukraine

Russia used more than 50 missiles and 20 drones in overnight attacks, Zelenskyy saysRussia used dozens of missiles and drones to attack Ukraine's infrastructure overnight, Ukraine's President Volodymyr Zelenskyy said Wednesday morning."More than 50 rockets and more...

LockBit ransomware indictment and reward for Russian

LockBit ransomware indictment and reward for Russian

Zoom In IconArrows pointing outwardsDmitry Yuryevich Khoroshev, Russian national and a leader of LockBit. Courtesy: U.S. Department of the TreasuryFederal prosecutors on Tuesday announced criminal charges against a Russian national, Dmitry Yuryevich Khoroshev, for...

Bitcoin Can’t Accelerate But Won’t Give Up Trying

Bitcoin Can’t Accelerate But Won’t Give Up Trying

Market picture The crypto market capitalisation fell by 1.7% in 24 hours to $2.29 trillion, as Bitcoin lost 1.1% and Ethereum – 3%, but Solana has added 4%. However, the latter is noticeably out of step, with most of the other coins going down. On Monday, Bitcoin...

FIS introduces fintech platform Atelio by FIS

FIS introduces fintech platform Atelio by FIS

FIS (NYSE:FIS), a global leader in financial technology, has today introduced Atelio by FIS, a fintech platform that provides the building blocks for financial institutions, businesses and software developers to embed financial services into their offerings. The...

EUR/USD Mid-Day Outlook – Action Forex

EUR/USD Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 1.0753; (P) 1.0772; (R1) 1.0789; More… EUR/USD is staying in consolidation below 1.0810 temporary top and intraday bias stays neutral. While deeper retreat cannot be ruled out, further rally is expected as long as 55 4H EMA (now at 1.0725) holds. On...

GBP/USD Mid-Day Outlook – Action Forex

GBP/USD Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 1.2535; (P) 1.2565; (R1) 1.2591; More… GBP/USD is staying in consolidation below 1.2633 temporary top and intraday bias remains neutral at this point. Further rise remains in favor as long as 1.2471 support holds. Above 1.2633 will resume the...

New York tops new list

New York tops new list

New York is the richest city in the world, with 359,500 millionaires and 60 billionaires, although the Bay Area of California is close behind, according to a new study.New York's millionaire population has surged 48% over the past decade, despite fears of wealth...

USD/CHF Mid-Day Outlook – Action Forex

USD/CHF Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 0.9043; (P) 0.9056; (R1) 0.9076; More…. USD/CHF is staying in consolidation above 0.9005 temporary low and intraday bias stays neutral. Further decline is in favor as long as 55 4H EMA (now at 0.9101) holds. On the downside, break of 0.9005 and...

Fed’s Kashkari doesn’t rule out a rate hike

Fed’s Kashkari doesn’t rule out a rate hike

The biggest question facing the U.S. central bank is whether inflation is going to continue to resume its downward trend or settle at around a 3% level, in which case monetary policy may have to be tightened further, Minneapolis Federal Reserve President Neel Kashkari...

Touches fresh 2024 high! :: InvestMacro

Touches fresh 2024 high! :: InvestMacro

Wheat kisses new 2024 highWatch out for WASDE report on FridayBulls back in control on D1 chartsKey levels at 638, 629 and 615 FXTM’s new Wheat commodity is in the spotlight after hitting a fresh 2024 high on Tuesday!Prices hit the 638 level this morning as...

USD/JPY Mid-Day Outlook – Action Forex

USD/JPY Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 153.12; (P) 153.57; (R1) 154.34; More… Intraday bias in USD/JPY remains neutral for the moment. On the upside, firm break of 55 4H EMA (now at 154.79) will bring stronger rebound towards 157.98 resistance. On the downside, below 151.86 will resume...

Sunset Market Commentary – Action Forex

Sunset Market Commentary – Action Forex

Markets There’s nothing to break the deadlock for now. Last week’s correction higher in US Treasuries and lower in USD following the Fed-payrolls combo isn’t met by real follow-up action this week. A very light eco calendar supports the current standstill. Lower...

EURUSD Returns Within a Sideways Range

EURUSD Returns Within a Sideways Range

EURUSD returns within range between 1.0725 and 1.0930 MACD and RSI detect a lack of directional momentum For the bears to recharge, a break below 1.0725 may be needed The outlook may turn bullish if the price breaks above 1.0930 EURUSD has been in a recovery mode...

Yen Extends Losses, Fed Members Cautious

Yen Extends Losses, Fed Members Cautious

The Japanese yen is down for a second straight day on Tuesday. USD/JPY has risen 0.45%, up 154.59, up 0.45% at the time of writing. The yen is down 1% this week after soaring 3.4% against the dollar a week earlier. The markets are still buzzing after Japan’s Ministry...

Dollar Strengthens Modestly as Forex Markets Quiet

Dollar Strengthens Modestly as Forex Markets Quiet

The forex markets are displaying some calmness today. While Dollar is trading as the strongest performer, it lacks clear upside momentum indicating a reversal of the decline started last week. With no significant economic data expected from the US for the remainder of...

Disney streaming results improve as cable TV decays

Disney streaming results improve as cable TV decays

The Walt Disney Company CEO Bob Iger attends the Nominees Luncheon for the 95th Oscars in Beverly Hills, California, U.S. February 13, 2023. Mario Anzuoni | ReutersFor Disney, the future is now.It's been five years in the making, but Disney nearly turned a profit in...

Nium partners with Emirates NBD

Nium partners with Emirates NBD

Nium, a provider of real-time cross-border payments, today announced a partnership with Emirates NBD, a leading banking group in the MENAT (Middle East, North Africa and Türkiye) region, to empower customers with a cutting-edge global payments solution. The...

Valérie Urbain assumes role of Euroclear CEO

Valérie Urbain assumes role of Euroclear CEO

Valérie Urbain officially became the Chief Executive Officer (CEO) of the Euroclear group following the AGM, replacing outgoing CEO Lieve Mostrey. “I am delighted to welcome Valérie Urbain as our new CEO, and the Board and I are confident that she will successfully...

Gold Attempts Recovery to Only Face Limitations Again

Gold Attempts Recovery to Only Face Limitations Again

Gold stays trapped below 2,325 after Monday’s bounce Technical signals reflect persisting caution Gold had a positive start to the week, bouncing back above its 20-day exponential moving average (EMA), but the bullish attempt was not strong enough to drive the...

What we know about the consumer so far

What we know about the consumer so far

A customer walks through The Home Depot store on February 20, 2024 in Austin, Texas. Brandon Bell | Getty ImagesThe state of the consumer in 2024 is already taking shape — even before the country's major retailers begin to report first-quarter earnings, starting with...

Pound Shrugs as Construction PMI Jumps

Pound Shrugs as Construction PMI Jumps

The British pound is slightly lower on Tuesday. GBP/USD is down 0.21%, trading at 1.2535 in the European session at the time of writing. The UK construction PMI jumped to 53.0 in April, up from 50.2 in March and above the forecast of 50.4. This is only the second...

Palantir (PLTR) earnings Q1 2024

Palantir (PLTR) earnings Q1 2024

Alex Karp, CEO of Palantir, arrives for the “AI Insight Forum” at the Russell Senate Office Building on Capitol Hill on September 13, 2023 in Washington, DC.Alex Wong | Getty ImagesPalantir shares fell as much as 7% in extended trading on Monday after the...

Net profit up 16% to Rs 133 crore, ET BFSI

Net profit up 16% to Rs 133 crore, ET BFSI

Kolkata: Fusion MicroFinance on Monday reported a 16% year-on-year rise in March quarter net profit at Rs 133 crore against Rs 115 crore in the year ago period, supported by business expansion and higher earnings.The lender's net interest income was 32% higher at Rs...

Taser-maker Axon is getting into the drone market

Taser-maker Axon is getting into the drone market

Drones in possession of the Armed Forces of Ukraine on May 2, 2024 in Lviv, Ukraine. "Just open any newspaper, and switch on any TV channel. Look at what's happening in Ukraine. Look at what's happening in the Middle East. Drones have changed modern warfare, public...

Latest news on Russia and the war in Ukraine

Latest news on Russia and the war in Ukraine

China says Russia should be included in upcoming Ukraine peace summitChina's ambassador to Russia told Russian media Tuesday that Moscow should be included in a forthcoming Ukraine peace summit to be held in Switzerland.Ambassador Zhang Hanhui told RIA Novosti that...

RBA on Gold and Remains Vigilant to the Upside

RBA on Gold and Remains Vigilant to the Upside

Rates unchanged as expected, as Board balances near-term inflation risks with desire to avoid recession. As expected, the RBA Board left the cash rate target unchanged at 4.35% following its May meeting but strengthened its rhetoric around upside inflation risks. The...

Disney (DIS) earnings Q2 2024

Disney (DIS) earnings Q2 2024

The "Partners" statue of Walt Disney and Mickey Mouse, at Cinderella Castle at the Magic Kingdom, at Walt Disney World, in Lake Buena Vista, Florida, photographed Saturday, June 3, 2023.Joe Burbank | Tribune News Service | Getty ImagesDisney reports its fiscal...

DHF Capital hires Erik Boekel as CCO

DHF Capital hires Erik Boekel as CCO

DHF Capital S.A., a securitization company based in Luxembourg, has announced the appointment of Erik Boekel as its new Chief Commercial Officer (CCO). With a distinguished career spanning over 25 years in Corporate and Investment Banking, Global Markets, and...

FX option expiries for 7 May 10am New York cut

FX option expiries for 7 May 10am New York cut

There are a couple to take note of, as highlighted in bold.The first one being for EUR/USD at the 1.0725 level. It isn't one that holds much technical significance but could play a role in keeping price action more sticky if we do see more of a downside shove later in...

EUR/USD Daily Outlook – Action Forex

EUR/USD Daily Outlook – Action Forex

Daily Pivots: (S1) 1.0720; (P) 1.0766; (R1) 1.0809; More… Intraday bias in EUR/USD remains on the upside for the moment. Fall from 1.0980 could have completed with three waves down to 1.0601. Further rally is expected and firm break of 100% projection of 1.0601 to...

Markets Weigh Dovish NFP Report

Markets Weigh Dovish NFP Report

In focus today Today, Swedish Service PMIs for April are released at 8:30 CET. All its subindices were above the 50 marks in March. Although price index for raw materials and intermediate goods is lower compared to a year ago, it was still significantly higher...

All’s Well That Ends Well

All’s Well That Ends Well

Friday’s US jobs data brightened up the mood among Federal Reserve (Fed) doves, as both the NFP, unemployment rate and wages pointed at a slowing labour market in April. The US economy added 175K new nonfarm jobs last month, the wages grow less than 4% – which is...

USD/CHF Mid-Day Outlook – Action Forex

USD/CHF Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 0.9001; (P) 0.9055; (R1) 0.9104; More…. Outlook in USD/CHF is unchanged and intraday bias stays on the downside. Sustained break of 55 D EMA (now at 0.8993) will bring deeper fall to 38.2% retracement of 0.8332 to 0.9223 at 0.8883. On the upside,...

USD/JPY Mid-Day Outlook – Action Forex

USD/JPY Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 151.95; (P) 152.90; (R1) 153.92; More… Intraday bias in USD/JPY remains neutral at this point. On the upside, firm break of 55 4H EMA (now at 154.95) will bring stronger rebound towards 157.98 resistance. On the downside, below 151.86 will resume...

Yen Rally Fizzles as US Dollar Climbs

Yen Rally Fizzles as US Dollar Climbs

The Japanese yen is sharply lower on Monday after stringing together a three-day rally.  USD/JPY is trading at 153.92, up 0.62% at the time of writing. The yen took traders on a roller-coaster ride last week. The Japanese yen fell below the 160 level on Monday,...

GBP/USD Mid-Day Outlook – Action Forex

GBP/USD Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 1.2491; (P) 1.2564; (R1) 1.2619; More… Intraday bias in GBP/USD remains mildly on the upside at this point. Fall from 1.2892 could have completed with three waves down to 1.2298. Further rise should be seen and break of 61.8% projection of 1.2298 to...

EUR/USD Mid-Day Outlook – Action Forex

EUR/USD Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 1.0720; (P) 1.0766; (R1) 1.0809; More… Intraday bias in EUR/USD stays on the upside at this point. Fall from 1.0980 could have completed with three waves down to 1.0601. Further rally is expected and firm break of 100% projection of 1.0601 to 1.0752...

Euro Edges Higher as Eurozone Data Improves

Euro Edges Higher as Eurozone Data Improves

The euro has started the new trading week quietly. EUR/USD is up 0.23%, trading at 1.0787 in the North American session at the time of trading. Eurozone investor confidence shows slight improvement The eurozone Sentix Investor Confidence index took a small step...

Ripple ready to create waves? :: InvestMacro

Ripple ready to create waves? :: InvestMacro

Ripple waits on SEC responseCrypto ↓ 12% year-to-dateRangebound on D1 timeframeKey levels of interest 0.5675, 0.5350 & 0.4750Our focus falls on Ripple due to the legal drama with the US Securities and Exchange Commission (SEC).This could be a big week for the...

Equinox launches $40,000 ‘Optimize’ membership

Equinox launches $40,000 ‘Optimize’ membership

High-end fitness chain Equinox is launching one of the most expensive gym memberships in the world — a $40,000-per-year program aimed at improving overall health and longevity.Equinox is teaming up with lab-test startup Function Health to launch "Optimize by Equinox,"...

Sunset Market Commentary – Action Forex

Sunset Market Commentary – Action Forex

Markets With Japanese and US markets closed, Europe stood on its own to look for direction after Friday’s yield decline in the wake of weaker than expected US payrolls and services ISM. US markets again considering two potential Fed rate cuts (Sept +/- 90% discounted,...

Focus on RBA as Australian Dollar Maintains Strength

Focus on RBA as Australian Dollar Maintains Strength

As the market transitions into US session, Australian Dollar maintains its position as the strongest currency of the day. While no significant economic data is expected from the US or Canada, the focus shifts to appearances by SNB Chair Thomas Jordan, as well as Fed...

Howard Schultz weighs in on Starbucks earnings miss

Howard Schultz weighs in on Starbucks earnings miss

Howard Schultz, former chief executive officer of Starbucks Corp., drinks from a Starbucks mug during a Senate Health, Education, Labor, and Pensions Committee hearing in Washington, DC, US, on Wednesday, March 29, 2023.Al Drago | Bloomberg | Getty ImagesFormer...

Crypto Market Tries to Break Local Downtrend

Crypto Market Tries to Break Local Downtrend

Crypto market capitalisation has been up 2% over the past seven days and has added over 13% from the lows of the 1st of May. A timid bottom formation on Wednesday was followed by a modest rebound on Thursday and more robust buying on Friday after the monthly US jobs...

Eurozone PPI falls -0.4% mom, -7.8% yoy in Mar

Eurozone PPI falls -0.4% mom, -7.8% yoy in Mar

Eurozone PPI fell -0.4% mom, -7.8% yoy in March. For the month, industrial producer prices increased by 0.1% for intermediate goods, 0.1% for capital goods, 0.1% for durable consumer goods, and 0.4% for non-durable consumer goods. Prices decreased by -1.8% for energy....

AUD/USD Hits One-month High, RBA Decision Next

AUD/USD Hits One-month High, RBA Decision Next

The Australian dollar has started the week with modest gains. AUD/USD is up 0.25%, trading at 0.6624 in the European session at the time of writing. The Aussie is coming off a strong week, having gained 1.19%. RBA widely expected to pause The Reserve Bank of Australia...

Steps For Creating a Blockchain Wallet

Steps For Creating a Blockchain Wallet

Cryptocurrencies and blockchain are almost synonymous technologies with a diverse array of interrelated implications. In recent years, the cryptocurrency market has expanded by huge margins alongside the progress of blockchain towards web3. At this point of time, the...

FX option expiries for 6 May 10am New York cut

FX option expiries for 6 May 10am New York cut

There are a couple to take note of, as highlighted in bold.The first one being for EUR/USD at 1.0750, so that could hold price action from veering off too far during the session. But with the dollar pressured, it could also act as a minor floor before rolling off...

Wealth 360 One report, ET BFSI

Wealth 360 One report, ET BFSI

New Delhi [India], May 5 (ANI): The business of striking deals in the country has been robust this year, with an average of three private investment deals being finalised daily.The number of deals and their total value had decreased by one-third compared to financial...

CEO, BFSI News, ET BFSI

CEO, BFSI News, ET BFSI

MUMBAI: Kotak Mahindra Bank’s CEO, Ashok Vaswani, said on Saturday that the bank will spend up to Rs 1,700 crore on technology upgrades to address Reserve Bank of India’s concerns regarding the bank’s technology capacity, risk management and resilience.Last month, RBI...

Forex and Cryptocurrency Forecast – Action Forex

Forex and Cryptocurrency Forecast – Action Forex

EUR/USD: What’s Wrong with the US Soft Landing? The headline of our last review stated that inflation remains stubborn, and the US GDP is slowing. Newly arrived data have only confirmed these assertions. A crucial inflation measure that the Federal Reserve follows –...

River House at Odette’s Review – New Hope, PA

River House at Odette’s Review – New Hope, PA

  Picture this: You’re nestled in a cozy and sophisticated boutique hotel along the banks of the Delaware River on your own private balcony. Taking in the warm golden morning light you sip a velvety cappuccino you made from your in-room espresso machine.  The sun is...

EUR/AUD Weekly Outlook – Action Forex

EUR/AUD Weekly Outlook – Action Forex

EUR/AUD’s fall from 1.6742 continued last week despite interim strong rebound. Initial bias stays on the downside this week. This decline is seen as the third leg of the corrective pattern from 1.7062. Further fall should be seen to expected to 1.6127 support, or...

EUR/GBP Weekly Outlook – Action Forex

EUR/GBP Weekly Outlook – Action Forex

EUR/GBP’s rebounded strongly last week after initial fall to 0.8529. Initial bias remains neutral this week with focus on 0.8582 resistance. Further decline is expected as long as 0.8582 resistance holds. Below 0.8529 will target 0.8491/7 support zone. However,...

Speculator bets led by Gold & Steel :: InvestMacro

Speculator bets led by Gold & Steel :: InvestMacro

By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday April 30th and shows a quick view of how large traders...

GBP/JPY Weekly Outlook – Action Forex

GBP/JPY Weekly Outlook – Action Forex

GBP/JPY reversed after rising to 200.53 last week and fell sharply since then. Initial bias remains on the downside this week. Sustained break of 55 D EMA (now at 191.34) will extend the fall from 200.53, to 61.8% retracement of 178.32 to 200.53 at 186.80. On the...

USD/CAD Weekly Outlook – Action Forex

USD/CAD Weekly Outlook – Action Forex

USD/CAD’s correction from 1.3845 extended to 1.3608 last week, but recovered after drawing support from 55 D EMA (now at 1.3616). Initial bias is neutral this week first. Strong rebound from current level, followed by break of 1.3782 resistance, will retain near term...

AUD/USD Weekly Report – Action Forex

AUD/USD Weekly Report – Action Forex

AUD/USD’s rebound from 0.6361 continued last week despite interim pull back. Breach of 0.6643 resistance affirms the case that fall from 0.6870 has completed with three waves down to 0.6361. Initial bias stays on the upside this week for 100% projection of 0.6361 to...

GBP/USD Weekly Outlook – Action Forex

GBP/USD Weekly Outlook – Action Forex

GBP/USD’s rebound from 1.2298 resumed by breaking through 1.2568 last week. The strong break of 55 D EMA suggest that fall from 1.2892 has completed with three waves down to 1.2298. Initial bias stays on the upside this week. Break of 61.8% projection of 1.2298 to...

USD/JPY Weekly Outlook – Action Forex

USD/JPY Weekly Outlook – Action Forex

USD/JPY reversed after spiking higher to 160.20 last week, and fell sharply since then. Initial bias remains on the downside this week for deeper fall. But strong support should be seen from 150.87 resistance turned support to bring rebound. Above 153.81 minor...

EUR/USD Weekly Outlook – Action Forex

EUR/USD Weekly Outlook – Action Forex

EUR/USD’s rise from 1.0601 resumed last week and the strong break of 55 D EMA argues that fall from 1.1138 might have completed. Initial bias stays on the upside this week. Firm break of 100% projection of 1.0601 to 1.0752 from 1.0648 at 1.0799 will pave the way to...

Management on RBI regulations, ET BFSI

Management on RBI regulations, ET BFSI

Kotak Mahindra Bank on Saturday while announcing the results for the quarter ending March 31, 2024 said that the bank's focus is on customers, and that it is worried about the reputational risk more than that of the impact of its finance.While announcing the results,...

USD/CHF Weekly Outlook – Action Forex

USD/CHF Weekly Outlook – Action Forex

Despite edging higher initial to 0.9223 last week, USD/CHF was rejected by 0.9243 key resistance and fell sharply since then. Initial bias stays on the downside this week. Sustained break of 55 D EMA (now at 0.8989) will bring deeper fall to 38.2% retracement of...

EUR/JPY Weekly Outlook – Action Forex

EUR/JPY Weekly Outlook – Action Forex

EUR/JPY reversed after initial rise to 171.58 last week and fell sharply. Initial bias remains on the downside this week. Sustained break of 55 D EMA (now at 163.94) will extend the fall from 171.58 to 61.8% retracement of 153.15 to 171.58 at 160.19. On the upside,...

EUR/CHF Weekly Outlook – Action Forex

EUR/CHF Weekly Outlook – Action Forex

EUR/CHF’s rebound from 0.9563 should have completed at 0.9835 last week after rejection by 0.9847 resistance. Initial bias stays on the downside this week. Fall from 0.9835 is seen as the third leg of the corrective pattern from 0.9847, and should target 0.9563...

Summary 5/6 – 5/10

Summary 5/6 – 5/10

Monday, May 6, 2024 Tuesday, May 7, 2024 Wednesday, May 8, 2024 Thursday, May 9, 2024 Friday, May 10, 2024 The post Summary 5/6 – 5/10 appeared first on Action Forex.

The Weekly Bottom Line: Holding Steady for Longer

The Weekly Bottom Line: Holding Steady for Longer

U.S. Highlights The Federal Reserve held the policy rate steady this week and signaled that rates will likely remain higher for longer. The U.S. jobs engine slowed in April, adding 175k jobs. The unemployment rate rose modestly to a still low 3.9%. Last year’s...

USD/CHF Mid-Day Outlook – Action Forex

USD/CHF Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 0.9079; (P) 0.9126; (R1) 0.9155; More…. USD/CHF’s sharp fall and strong break of 0.9087 support confirms short term topping at 0.9223, after first rejection from 0.9243 key resistance. Intraday bias is back on the downside, and deeper fall would be...

USD/JPY Mid-Day Outlook – Action Forex

USD/JPY Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 152.37; (P) 154.33; (R1) 155.60; More… USD/JPY’s fall from 160.20 short term top continues today and intraday bias remains on the downside for 61.8% retracement of 146.47 to 160.20 at 151.71. Strong support should be seen from 150.87 resistance...

GBP/USD Mid-Day Outlook – Action Forex

GBP/USD Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 1.2490; (P) 1.2517; (R1) 1.2563; More… GBP/USD’s rebound from 1.2298 resumed by breaking through 1.2568 resistance and intraday bias is back on the upside. Strong break of 55 D EMA suggest that fall from 1.2892 has completed with three waves down to...

US ISM services falls to 49.4, back in contraction

US ISM services falls to 49.4, back in contraction

US ISM Services PMI fell from 51.4 to 49.4 in April, well below expectation of 52.3. That’s the first contraction reading in after 15 months of growth. Business activity/production fell sharply from 57.4 to 50.9. New orders fell from 54.4 to 52.2. Employment tumbled...

Skydance could drop bid after Sony Apollo offer

Skydance could drop bid after Sony Apollo offer

Shari Redstone, chair of Paramount Global, attends the Allen & Co. Media and Technology Conference in Sun Valley, Idaho, on Tuesday, July 11, 2023.David A. Grogan | CNBCSkydance Media is prepared to walk away from its offer for Paramount Global unless it receives...

Sunset Market Commentary – Action Forex

Sunset Market Commentary – Action Forex

Markets Yields this morning cautiously continued the downtrend after Powell’s rather mild assessment at the press conference on Wednesday. The Fed chair indicated that, despite disinflation making little progress of late, keeping the policy rate a while longer at...

Airtel Payments Bank CEO, ET BFSI

Airtel Payments Bank CEO, ET BFSI

Airtel Payments Bank has nearly 500,000 banking points spread across the country, today.Airtel Payments Bank CEO Anubrata Biswas is optimistic that the payments bank momentum in India will yield strong growth horizons and opportunities in the coming years, supported...

Could BoE Adopt a More Dovish Stance on Thursday?

Could BoE Adopt a More Dovish Stance on Thursday?

The BoE meets on Thursday; no interest rate change is expected Quarterly projections could support market expectations for rate cuts Pound in need of a boost against the euro Decision time for the BoE The Bank of England will hold its third gathering for 2024 on...

April Showers on the Jobs Market

April Showers on the Jobs Market

Summary The employment situation report for April kicked off the second quarter with signs that the labor market is cooling. Nonfarm payrolls increased by 175K in the month, below consensus expectations for a 240K gain, while the unemployment rate rose a tenth to...

EUR/USD Mid-Day Outlook – Action Forex

EUR/USD Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 1.0689; (P) 1.0710; (R1) 1.0745; More… EUR/USD’s rebound from 1.0601 resumed by breaking through 1.0752 and intraday bias back on the upside. Strong break of 55 D EMA suggests that fall from 1.0980 has completed with three waves down to 1.0601....

UK100 set for more record highs? :: InvestMacro

UK100 set for more record highs? :: InvestMacro

UK100 ↑ over 2% in AprilIndex could see heightened volatilityBoE decision & Q1 GDP in focusBullish on D1 but RSI overboughtKey levels of interest at 8200, 8110 & 8023Even as the clock ticks down to the US jobs report this afternoon (Friday, 3rd May), markets...

USD/JPY Calm Ahead of US Nonfarm Payrolls

USD/JPY Calm Ahead of US Nonfarm Payrolls

The Japanese yen has extended its gains on Friday. USD/JPY is trading at 153.26, down 0.27% at the time of writing. It has been a week to remember as the yen has soared 3.2% against the dollar. The yen fell below the 160 level earlier in the week, setting another...

Block (SQ) earnings Q1 2024

Block (SQ) earnings Q1 2024

Block reported first-quarter earnings after the bell Thursday that exceeded analysts' estimates. The stock rose more than 7% in extended trading.Here's how the company did, compared with analysts' consensus estimates from LSEG.Earnings per share: 85 cents adjusted vs....

GBP/JPY Daily Outlook – Action Forex

GBP/JPY Daily Outlook – Action Forex

Daily Pivots: (S1) 191.09; (P) 193.43; (R1) 194.99; More.. Intraday bias in GBP/JPY remains on the downside at this point. Sustained break of 55 D EMA (now at 191.42) will extend the fall from 200.53, as correction to rise from 178.32, to 61.8% retracement of 178.32...

Coinbase (COIN) earnings Q1 2024

Coinbase (COIN) earnings Q1 2024

A smartphone with displayed Coinbase logo and representation of cryptocurrencies are placed on a keyboard in this illustration taken, June 8, 2023.Dado Ruvic | ReutersCoinbase reported better-than-expected revenue in its first-quarter earnings report on Thursday. The...

Latest news on Russia and the war in Ukraine

Latest news on Russia and the war in Ukraine

German foreign minister says there will be consequences for Russian cyberattackAnnalena Baerbock (Alliance 90/The Greens), Foreign Minister, looks at a screen displaying a cyber exercise in the Australian Center for Cyber Cooperation.Sina Schuldt | Picture Alliance |...

FX option expiries for 3 May 10am New York cut

FX option expiries for 3 May 10am New York cut

There are a couple to take note of, as highlighted in bold.The first ones are for EUR/USD seen at 1.0700 and 1.0750. The expiries there should help to keep price action in range in the session ahead, at least until we get to the US non-farm payrolls. But keep in mind...

USD/CHF Mid-Day Outlook – Action Forex

USD/CHF Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 0.9128; (P) 0.9176; (R1) 0.9207; More…. Intraday bias in USD/CHF remains neutral for the moment. Further rally is still in favor as long as 0.9087 support holds. On the upside, above 0.9223 will resume larger rally to 0.9243 resistance. Decisive...

USD/JPY Mid-Day Outlook – Action Forex

USD/JPY Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 152.27; (P) 155.13; (R1) 157.26; More… No change in USD/JPY’s outlook as correction from 160.20 is in progress. Risk will stay on the downside as long as 157.98 resistance holds. Deeper pullback would be seen to 55 D EMA (now at 152.25), and...

GBP/USD Mid-Day Outlook – Action Forex

GBP/USD Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 1.2481; (P) 1.2516; (R1) 1.2564; More… Intraday bias in GBP/USD remains neutral as range trading continues. On the upside, above 1.2568 will resume the rebound from 1.2298 to 55 D EMA (now at 1.2578). Sustained break there will argue that fall from...

EUR/USD Mid-Day Outlook – Action Forex

EUR/USD Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 1.0664; (P) 1.0699; (R1) 1.0748; More… Intraday bias in EUR/USD remains neutral as range trading continues. On the upside, break of 1.0752 will resume the rebound from 1.0601. Sustained trading above 55 D EMA (now at 1.0770) will argue that fall...

Trump Media IDs firms for House short selling probe

Trump Media IDs firms for House short selling probe

Omar Marques | Lightrocket | Getty ImagesThe CEO of Trump Media urged leading House committee chairmen to investigate eight financial firms over concerns of potentially illicit short selling of DJT, whose majority shareholder is former President Donald Trump."I...

Apple (AAPL) earnings report Q2 2024

Apple (AAPL) earnings report Q2 2024

Apple reports earnings for the second fiscal quarter on Thursday after the markets close.The company has set investor expectations low and could surpass them even if sales growth is weak. In February, Apple said it expected sales similar to last year's $94.84 billion...

GBPJPY Returns to Pre-intervention Levels

GBPJPY Returns to Pre-intervention Levels

GBPJPY tries to record another red candle, well below its recent record high level The BoJ intervenes again since the Fed remains concerned about inflation Momentum indicators are mixed, stochastics acknowledge the bearish pressure GBPJPY is hovering around the busy...

Currency Markets an Ocean of Calm

Currency Markets an Ocean of Calm

Markets US Treasury yields ease a few more bps in the wake of yesterday’s FOMC policy meeting. Markets were bracing for a hawkish surprise from chair Powell following a string of higher-than-expected inflation readings and ongoing economic resilience. Its absence...

USDJPY, Copper & EURCAD :: InvestMacro

USDJPY, Copper & EURCAD :: InvestMacro

USDJPY sees over 700-pip swing Copper selloff rewards bearsEURCAD hits all bearish targetsIt has been an intense trading week for financial markets.More action could be expected due to corporate earnings and the US jobs report on Friday.In the meantime, check out how...

RBA Decision: Will a Rate Hike be Back on the Table?

RBA Decision: Will a Rate Hike be Back on the Table?

RBA meets amid uptick in Australian inflation Muddied economic outlook may complicate policy path Aussie remains choppy ahead of Tuesday’s decision (04:30 GMT) Inflation setback The Reserve Bank of Australia is no stranger to policy flip-flops and the May decision may...

Brent crude oil hits seven-week low :: InvestMacro

Brent crude oil hits seven-week low :: InvestMacro

By RoboForex Analytical DepartmentBrent crude oil prices have dropped to $83.95 per barrel on Thursday, marking the lowest level in seven weeks. This decline follows recent US statistics indicating a significant increase in crude oil inventories and production....

EUR/GBP Daily Outlook – Action Forex

EUR/GBP Daily Outlook – Action Forex

Daily Pivots: (S1) 0.8539; (P) 0.8549; (R1) 0.8562; More… Intraday bias in EUR/GBP remains neutral and some more consolidations would be seen above 0.8529 temporary low. But further decline is expected as long as 0.8582 resistance holds. Below 0.8529 will target...

USD/JPY Slides – Did Tokyo Intervene?

USD/JPY Slides – Did Tokyo Intervene?

It has been a remarkable week for the yen, which has exhibited sharp swings throughout the week. The Japanese yen fell as much as 1% earlier and on Thursday but has pared most of those losses. USD/JPY has risen 0.38% to 155.19 at the time of writing. In the Asian...

CFI advances into South Africa with new FSCA license

CFI advances into South Africa with new FSCA license

Leading online trading provider CFI has announced its successful expansion into South Africa. The company said that the move marks a significant milestone in the group’s strategic global growth and highlights CFI’s commitment to extending its reach within the African...

Wayfair (W) earnings Q1 2024

Wayfair (W) earnings Q1 2024

The Wayfair app on a smartphone arranged in Hastings-on-Hudson, New York.Tiffany Hagler-Geard | Bloomberg | Getty ImagesWayfair's sales slid during its first fiscal quarter, but the online furniture retailer reduced its losses after cutting 13% of its workforce at the...

Brent Crude Oil Hits Seven-Week Low

Brent Crude Oil Hits Seven-Week Low

Brent crude oil prices have dropped to $83.95 per barrel on Thursday, marking the lowest level in seven weeks. This decline follows recent US statistics indicating a significant increase in crude oil inventories and production. According to the Department of Energy,...

EUR/JPY Daily Outlook – Action Forex

EUR/JPY Daily Outlook – Action Forex

Daily Pivots: (S1) 163.45; (P) 166.06; (R1) 168.06; More… EUR/JPY’s fall from 171.58 resumed and dipped to 164.04 but quickly recovered. Further fall is now in favor as long as 168.64 resistance holds, as a correction to rise from 153.15. Sustained break of 55 D EMA...

Moderna (MRNA ) earnings Q1 2024

Moderna (MRNA ) earnings Q1 2024

Nikos Pekiaridis | Nurphoto | Getty ImagesModerna on Thursday posted a narrower-than-expected loss for the first quarter as the company's cost-cutting efforts took hold and sales of its Covid vaccine, its only commercially available product, topped estimates. The...

Qualcomm earnings report fiscal Q2 2024

Qualcomm earnings report fiscal Q2 2024

Qualcomm CEO Cristiano Amon responds to a question during a keynote conversation at CES 2024, an annual consumer electronics trade show, in Las Vegas, Nevada, on Jan. 10, 2024.Steve Marcus | ReutersQualcomm reported fiscal second-quarter earnings on Wednesday that...

GBP/JPY Daily Outlook – Action Forex

GBP/JPY Daily Outlook – Action Forex

Daily Pivots: (S1) 191.01; (P) 194.22; (R1) 196.66; More.. GBP/JPY’s fall from 200.53 resumed and hit 191.77 before recovering. For now, further decline is in favor as long as 197.40 minor resistance holds, as correction to rise from 178.32. Sustained break of 55 D...

Bullish Pressure in AUDUSD Lingers

Bullish Pressure in AUDUSD Lingers

AUDUSD in the green again today, above the 50-day SMA The bullish tendency manifesting since the April low persists Momentum indicators mostly mixed; stochastics could send a bullish signal AUDUSD is recording another green candle as the market appears to be relieved...

Exclusive: Elena Kupriianova on joining Spotware

Exclusive: Elena Kupriianova on joining Spotware

FNG Exclusive Interview… Following our exclusive report from earlier this week that FX industry marketing executive Elena Kupriianova was joining Spotware Systems as the cTrader trading platform developer’s new Chief Marketing Officer, we’re pleased to follow that up...

7 Tax Deductions for Wedding Planners

7 Tax Deductions for Wedding Planners

Are you a wedding planner? While wedding planning may be a unique business to be in, the business expenses they incur can often be quite typical. Any expense – whether it is specific to the work you do or typical to all types of industries, can lower your taxable...

Tax Breaks for Teachers – Intuit TurboTax Blog

Tax Breaks for Teachers – Intuit TurboTax Blog

While teaching is a very noble profession, sometimes it can be difficult and, at times, financially draining. However, the good news is that there are some tax benefits that teachers may qualify for. For all the teachers out there, here are a few benefits that can...

FX option expiries for 2 May 10am New York cut

FX option expiries for 2 May 10am New York cut

There are just a couple to take note of for the day, as highlighted in bold.And they are both for EUR/USD at 1.0700 and 1.0750 respectively. With traders now slowly turning their attention to the US jobs report tomorrow, the expiries should lend a hand to keep price...

Carvana (CVNA) earnings Q1 2024

Carvana (CVNA) earnings Q1 2024

Vehicles are seen on display at a Carvana dealership in Austin, Texas, on Feb. 20, 2023.Brandon Bell | Getty ImagesShares of Carvana popped more than 30% during after-hours trading Wednesday after the automaker reported record results and turned a profit during the...

Latest news on Russia and the war in Ukraine

Latest news on Russia and the war in Ukraine

Georgian police disperse protesters as parliament approves 'foreign bill' second readingDemonstrators set up a barricade to block the side entrance of Georgian Parliament during a rally against a controversial "foreign influence" bill, after parliament advanced the...

Profit jumps 41% to Rs 807 crore, ET BFSI

Profit jumps 41% to Rs 807 crore, ET BFSI

State-owned Central Bank of India on Tuesday reported a 41 per cent jump in its net profit to Rs 807 crore for the March quarter, helped by a decline in bad loans and a rise in interest income. The Mumbai-based lender had earned a net profit of Rs 571 crore in the...

GBP/USD Mid-Day Outlook – Action Forex

GBP/USD Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 1.2465; (P) 1.2517; (R1) 1.2544; More… Intraday bias in GBP/USD remains neutral for the moment and outlook is unchanged. On the upside, above 1.2568 will resume the rebound from 1.2298 to 55 D EMA (now at 1.2578). Sustained break there will argue...

Nick Twidale joins ATFX as Chief Market Analyst

Nick Twidale joins ATFX as Chief Market Analyst

Leading Retail FX and CFDs broker ATFX has announced that Nick Twidale has joined the company as Chief Market Analyst for the Australia region. With over two decades of experience in banking and broking, Nick brings a wealth of expertise and leadership to his new...

USD/JPY Calm Ahead of Fed Decision

USD/JPY Calm Ahead of Fed Decision

Japanese yen is trading quietly on Wednesday. USD/JPY is trading at 157.68, down 0.07% at the time of writing. Fed expected to hold rates The Federal Reserve meets later today and is widely expected to keep rates unchanged for a sixth straight time. The target range...

(FED) Federal Reserve Issues FOMC Statement

(FED) Federal Reserve Issues FOMC Statement

Recent indicators suggest that economic activity has continued to expand at a solid pace. Job gains have remained strong, and the unemployment rate has remained low. Inflation has eased over the past year but remains elevated. In recent months, there has been a lack...

Cruise line company trading on NYSE

Cruise line company trading on NYSE

Aerial view of the Viking Jupiter cruise ship anchored in the port of Montevideo, on January 5, 2022. Ivan Pisarenko | AFP | Getty ImagesViking is not your typical cruise operator.Aboard its smaller, upscale vessels, you won't find any kids. In fact, the cruise line...

EUR/USD Mid-Day Outlook – Action Forex

EUR/USD Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 1.0642; (P) 1.0688; (R1) 1.0713; More… Intraday bias in EUR/USD remains mildly on the downside at this point. Recovery from 1.0601 could have completed at at 1.0752 already. Further fall would be seen for retesting 1.0601 first. Firm break there...

USD/CHF Mid-Day Outlook – Action Forex

USD/CHF Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 0.9128; (P) 0.9162; (R1) 0.9231; More…. Intraday bias in USD/CHF remains on the upside for 0.9243 resistance. Decisive break there will carry larger bullish implications. Next target will be 61.8% projection of 0.8728 to 0.9151 from 0.9009 at...

Bitcoin stumbles below $60k ahead of Fed :: InvestMacro

Bitcoin stumbles below $60k ahead of Fed :: InvestMacro

Bitcoin ↓ over 15% in AprilCrypto hit by “higher for longer” stance261.8 Fibonacci level key reference pointRSI signals that prices are near oversoldCould the party already be over for Bitcoin bulls?Well, the “OG” crypto ended April over 15% lower despite the infamous...

ADP Hints at Another Strong NFP on Friday

ADP Hints at Another Strong NFP on Friday

The monthly ADP labour market report showed that America created 192K new jobs in April, above the forecasted 179K and following +208K in March (revised from 184K). Overall, there was a slight slowdown in wage growth to 5% y/y from 5.1% a month earlier, which is still...

Nektar Network begins Epoch 1 of Nektar Drops

Nektar Network begins Epoch 1 of Nektar Drops

Berlin, Germany, May 1st, 2024, Chainwire The Nektar Network is excited to announce the commencement of Epoch 1 for Nektar Drops, beginning today, May 1, 2024. This new phase is dedicated to acknowledging and recording the contributions of our community members...

AUD/USD Stabilizes After Taking a Tumble, Fed Next

AUD/USD Stabilizes After Taking a Tumble, Fed Next

The Australian dollar has steadied on Wednesday after sliding 1.4% a day earlier. AUD/USD is up 0.19%, trading at 0.6489 at the time of writing in the North American session. Australian dollar slides after soft retail sales Retail sales in Australia fell 0.4% m/m in...

Webull launches Webull Lite – FX News Group

Webull launches Webull Lite – FX News Group

Online trading platform Webull today announced the launch of Webull Lite, a simplified way for users to trade. With both Webull and Webull Lite all in one app, users will be able to seamlessly toggle back and forth between versions. Webull Lite offers the same tools...

USD/JPY Mid-Day Outlook – Action Forex

USD/JPY Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 156.64; (P) 157.25; (R1) 158.42; More… USD/JPY is extending the consolidation pattern from 160.20 and intraday bias remains neutral. In case of another fall, downside should be contained by 38.2% retracement of 146.47 to 160.20 at 154.95 to bring...

Yum Brands (YUM) Q1 2024 earnings

Yum Brands (YUM) Q1 2024 earnings

A Pizza Hut store is seen on November 01, 2023 in Austin, Texas.Brandon Bell | Getty ImagesYum Brands on Wednesday reported quarterly earnings and revenue that missed analysts' expectations as Pizza Hut and KFC struggled to attract customers.Shares of the company fell...

Report, BFSI News, ET BFSI

Report, BFSI News, ET BFSI

Generative AI could boost bank revenues by 6 per cent in the next three years. Banks which effectively adopt and scale generative AI could increase employee productivity by up to 30 per cent, streamlining numerous language-related tasks, revealed a latest report by...

CVS Health (CVS) earnings Q1 2024

CVS Health (CVS) earnings Q1 2024

CVS Health on Wednesday reported first-quarter revenue and adjusted earnings that missed expectations and slashed its full-year profit outlook, citing higher medical costs that are dogging the U.S. insurance industry.Shares of the company dropped 10% in premarket...

Pfizer (PFE) earnings Q1 2024

Pfizer (PFE) earnings Q1 2024

Jakub Porzycki | Nurphoto | Getty ImagesPfizer on Wednesday reported first-quarter revenue that beat expectations and hiked its full-year profit outlook, benefitting from its broad cost-cutting program and strong sales of its non-Covid products.The company now expects...

NZ Dollar Shrugs After Soft Jobs Report

NZ Dollar Shrugs After Soft Jobs Report

The New Zealand dollar has steadied on Thursday, after a sharp decline of 1.5% a day earlier. NZD/USD is trading higher 0.08% on the day at 0.5890, at the time of writing. New Zealand’s employment declines New Zealand’s labor market is showing signs of cracks....

Will Post-FOMC Jobs Report Move Dollar?

Will Post-FOMC Jobs Report Move Dollar?

US nonfarm payrolls scheduled for release on Friday 12:30 GMT Another solid report could question rate cuts if Powell provides no clear guidance EURUSD at risk of plunging towards April’s low of 1.0600 April’s nonfarm payrolls might cause volatility  Friday will be a...

GBP/JPY Daily Outlook – Action Forex

GBP/JPY Daily Outlook – Action Forex

Daily Pivots: (S1) 196.27; (P) 196.82; (R1) 197.70; More.. GBP/JPY is extending consolidation from 200.53 and intraday bias remains neutral. Outlook will remain bullish as long as 193.51 resistance turned support holds. Firm break of 200.53 will resume larger up...

Ex-RBI Guv Duvvuri Subbarao, ET BFSI

Ex-RBI Guv Duvvuri Subbarao, ET BFSI

Former RBI Governor Duvvuri Subbarao has opined that only enlightened leadership at Centre and state levels can resolve the complex north-south divide in deciding on the distribution of the tax pool among states, saying it is beyond the remit of the Finance...

A New Stage of Bitcoin’s Decline

A New Stage of Bitcoin’s Decline

Market Picture Bitcoin’s closing price on Tuesday became the lowest since late February, confirming the downward trend and falling under March and April support and the psychologically important round level. Bitcoin ended April down 15.5% to $59.9K, after six months...

Super Micro (SMCI) Q3 earnings report 2024

Super Micro (SMCI) Q3 earnings report 2024

Lisa Su, chair and CEO of Advanced Micro Devices, left, and Charles Liang, CEO of Super Micro Computer, speak at the AMD Advancing AI event in San Jose, California, on Dec. 6, 2023.David Paul Morris | Bloomberg | Getty ImagesSuper Micro shares slipped as much as 15%...

Trump Media insider trading trial begins in New York

Trump Media insider trading trial begins in New York

Bruce Garelick walks following a hearing at the Manhattan Federal Court, in New York City, July 20, 2023.Amr Alfiky | ReutersThe federal criminal trial of a man accused of insider trading in shares of a shell company ahead of its announcement of a plan to merge with...

EUR/USD Dives While USD/CHF Extends Rally

EUR/USD Dives While USD/CHF Extends Rally

EUR/USD started a fresh decline below the 1.0695 support. USD/CHF is rising and might aim a move toward the 0.9250 resistance. Important Takeaways for EUR/USD and USD/CHF Analysis Today The Euro struggled to clear the 1.0750 resistance and declined against the US...

Report, BFSI News, ET BFSI

Report, BFSI News, ET BFSI

NEW DELHI: India ranked as the third-largest country globally for phishing attacks after the US and UK, with its technology sector facing nearly 33 per cent of all such strikes, marking it as the most targeted industry, according to a report.The report by...

AWS Q1 earnings report 2024

AWS Q1 earnings report 2024

Adam Selipsky, CEO of Amazon Web Services, speaks during the Bloomberg Technology Summit in San Francisco on June 22, 2023.David Paul Morris | Bloomberg | Getty ImagesAmazon said Tuesday that revenue from its cloud unit grew 17% year over year in the first quarter, a...

Gold Seeks Safety After Tuesday’s Drop

Gold Seeks Safety After Tuesday’s Drop

Gold trends lower in the short-term picture, near oversold territory Stronger buying needed above 2,355 for a bullish outlook FOMC policy announcement due today at 18:00 GMT Gold bears took control on Tuesday, pressing the price below the resistance-turned-support...

AMD earnings report Q1 2024

AMD earnings report Q1 2024

Lisa Su, president and CEO of AMD, talks about the AMD EPYC processor during a keynote address at the 2019 CES in Las Vegas, Nevada, U.S., January 9, 2019. Steve Marcus | ReutersAdvanced Micro Devices reported first-quarter earnings and sales on Tuesday that were...

Boku announces retirement of CFO Keith Butcher

Boku announces retirement of CFO Keith Butcher

Boku, Inc (LON:BOKU), a provider of global mobile payment solutions, announces that its Chief Financial Officer (CFO), Keith Butcher has notified the board of his intention to retire from the company following the completion of an extended notice period, allowing for...

police crack down on protests in Georgia

police crack down on protests in Georgia

Protestors clash with the police as they block the exists of the parliament building to prevent the ruling Georgian Dream Party's deputies from leaving within a protest against the bill on 'Transparency of Foreign Influence,' in Tbilisi, Georgia on April 30, 2024....

USDJPY Stabilizes a Tad Below 160.00

USDJPY Stabilizes a Tad Below 160.00

USDJPY jumps to its highest level since April 1990 A suspected Japanese intervention does not have meaningful impact Oscillators exhibit a divergence regarding overbought conditions USDJPY has been in a steady uptrend since the beginning of the year, posting a fresh...

FX option expiries for 1 May 10am New York cut

FX option expiries for 1 May 10am New York cut

It is Labour Day but there are still some expiries to take note of, as highlighted in bold.The first one is for EUR/USD at the 1.0650 level. While it isn't so much so a key level on the charts, it is one that could keep price action more sticky until we get to US...

Starbucks (SBUX) earnings Q2 2024

Starbucks (SBUX) earnings Q2 2024

A Starbucks coffee shop in Amsterdam.Nicolas Economou | Nurphoto | Getty ImagesStarbucks on Tuesday reported weaker-than-expected quarterly earnings and revenue, fueled by a surprise decline in same-store sales.The coffee chain also slashed its forecast for its fiscal...

Latest news on Russia and the war in Ukraine

Latest news on Russia and the war in Ukraine

Russia could be shifting focus onto strategic target, Chasiv YarRussian forces appear to be shifting their operational focus on to Chasiv Yar in the northern area of Donetsk, in eastern Ukraine.Russia did not make any confirmed advances in the Avdiivka area for the...

How to Create a Healthy Mind + Body Cleanse Routine

How to Create a Healthy Mind + Body Cleanse Routine

  Feeling tired, bloated, stressed, and not the best version of yourself?  It may be time to press the reset button with a mind and body cleanse.  Processed foods, food additives and preservatives, unhealthy oils, medications, body care products, cosmetics, cleaning...

Doctors tap personal savings for costs

Doctors tap personal savings for costs

Omar Marques | Lightrocket | Getty ImagesOn a Sunday in early March, Dr. Angeli Maun Akey noticed something peculiar while making payroll for her private practice in Gainesville, Florida: She was missing $19,000.Akey owns and operates a primary care practice that...

EUR/USD: Sideways Within a Medium-Term Downtrend

EUR/USD: Sideways Within a Medium-Term Downtrend

Eurozone preliminary core CPI rate for April continued to inch lower at 2.7% y/y, its slowest pace of inflationary pressure since February 2022. 2-year and 10-year Eurozone sovereign bonds/US Treasuries yield spread discounts have continued to widen which supports a...

Bitcoin nears $60,000 as selling intensifies

Bitcoin nears $60,000 as selling intensifies

daily bitcoinThe halving and the launch of Hong Kong ETFs (whic launched today) haven't been the positive catalysts that bitcoin bulls hoped for, at least not yet. Bitcoin is at the lows of the week, down $2750 to $60,152 today.The low so far is $60,053 as bids...

BGC registers 8.6% Y/Y growth in revenues in Q1 2024

BGC registers 8.6% Y/Y growth in revenues in Q1 2024

BGC Group, Inc. (NASDAQ:BGC) today reported its financial results for the quarter ended March 31, 2024. BGC’s revenues grew by 8.6% to a record $578.6 million, reflecting broad-based growth across all geographies and growth across its Energy, Commodities, and...

USD/CHF Mid-Day Outlook – Action Forex

USD/CHF Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 0.9079; (P) 0.9116; (R1) 0.9143; More…. Intraday bias in USD/CHF remains neutral for the moment. On the upside, firm break of 0.9155 will resume the rally from 0.8332 and should target 0.9243 key resistance next. On the downside, break of 0.9085...

Hits fresh two-year high! :: InvestMacro

Hits fresh two-year high! :: InvestMacro

FXTM launches 10 new commodities!Copper jumps to two-year highPrices up almost 20% year-to-dateBulls in control on H4/D1 chartsKey levels of interest at $4.58, $4.54 & $4.50In case you missed it, FXTM’s new Copper commodity has just hit a fresh two-year...

USD/JPY Mid-Day Outlook – Action Forex

USD/JPY Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 153.91; (P) 156.95; (R1) 159.37; More… USD/JPY is extending consolidation from 160.20 and intraday remains neutral. Strong support could be seen from 38.2% retracement of 146.47 to 160.20 at 154.95 to bring recovery. But break of 160.20 is not...

GBP/USD Mid-Day Outlook – Action Forex

GBP/USD Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 1.2504; (P) 1.2537; (R1) 1.2595; More… Intraday bias in GBP/USD is turned neutral with current retreat. On the upside, above 1.2568 will resume the rebound from 1.2298 to 55 D EMA (now at 1.2580). Sustained break there will argue that fall from...

Amazon (AMZN) Q1 earnings report 2024

Amazon (AMZN) Q1 earnings report 2024

Amazon CEO Andy Jassy speaks at the Bloomberg Technology Summit in San Francisco on June 8, 2022.David Paul Morris | Bloomberg | Getty ImagesAmazon will report first-quarter earnings after the bell on Tuesday.Here's what analysts are expecting according to...

EUR/USD Mid-Day Outlook – Action Forex

EUR/USD Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 1.0695; (P) 1.0714; (R1) 1.0740; More… Intraday bias in EUR/USD remains neutral for the moment. On the upside, above 1.0752 will resume the rebound to 55 D EMA (now at 1.0780). On the downside, break of 1.0673 minor support will turn intraday bias...

Heavenly Metals :: InvestMacro

Heavenly Metals :: InvestMacro

Michael Ballanger of GGM Advisory Inc. takes a look at the current state of the markets, and shares some stocks he believes are worth taking a look at. As the Friday trading session came to a close this week, I had an epiphany of sorts in that instead of standing back...

AJ Bell appoints Julie Chakraverty to its BoD

AJ Bell appoints Julie Chakraverty to its BoD

UK investment platform AJ Bell plc (LON:AJB) today announced that Julie Chakraverty has been appointed to its Board of Directors as an independent non-executive director with effect from 1 June 2024. Ms Chakraverty, a highly experienced non-executive director, brings...

Silver: A Possible Long Road Down

Silver: A Possible Long Road Down

Silver has lost 2.6% since the start of the day on Tuesday to $26.4 per ounce. After a failed attempt to climb above $30 per ounce on 7 April, the downside momentum in Silver has been replaced by sideways consolidation without significant bounces. Tuesday’s decline...

US Money Markets Have Discounted a New Hawkish Fed Pivot

US Money Markets Have Discounted a New Hawkish Fed Pivot

Markets What a difference some inflation prints make… Following the Fed’s pivot in November and December of last year, markets rapidly turned to expecting policy rate cuts. The language in official statements changed from assessing to whether any additional policy...

Is US 100 Setting Course for New Record Highs?

Is US 100 Setting Course for New Record Highs?

US 100 enters recovery mode, stays above uptrend line MACD and RSI suggest that momentum may turn positive A break above 18,350 will take the index into uncharted territory A break below 15,700 may turn the broader outlook bearish The US 100 cash index entered a...

Canada’s GDP grows 0.2% mom in Feb, vs exp. 0.3% mom

Canada’s GDP grows 0.2% mom in Feb, vs exp. 0.3% mom

Canada’s GDP grew 0.2% mom in February, below expectation of 0.3% mom. Services-producing industries (+0.2%) led the growth for a second month in a row. Goods-producing industries aggregate was essentially unchanged. Overall, 12 of 20 sectors increased in the...

Noel Quinn to retire as HSBC CEO

Noel Quinn to retire as HSBC CEO

HSBC Holdings plc (LON:HSBA) today announced that Group Chief Executive, Noel Quinn, has informed the Board of his intention to retire from the company after nearly five years in the role. Mr Quinn said: “It has been a privilege to lead HSBC. I never imagined when I...

PayPal (PYPL) Q1 earnings

PayPal (PYPL) Q1 earnings

A sign is posted outside of the PayPal headquarters in San Jose, California.Justin Sullivan | Getty ImagesPayPal raised its full-year adjusted profit forecast on Tuesday, as the payments giant benefited from robust consumer spending, while measures to cut costs...

Another Dip in Crypto Capitalization

Another Dip in Crypto Capitalization

Market picture The crypto market capitalisation decreased by another 1.5% to $2.27 trillion, getting closer and closer to the April lows just above $2.22 trillion. Contrary to expectations, after the halving, the pressure on the market increased, in full accordance...

Eli Lilly (LLY) earnings Q1 2024

Eli Lilly (LLY) earnings Q1 2024

Eli Lilly logo is shown on one of the company's offices in San Diego, California, U.S., September 17, 2020. Mike Blake | ReutersEli Lilly on Tuesday reported first-quarter adjusted profit that topped Wall Street's expectations and hiked its full-year guidance on...

EURJPY Seeks Calmness After Roller Coaster Day

EURJPY Seeks Calmness After Roller Coaster Day

EURJPY stabilizes after Japan-driven volatile session Bears wait for action below the 167.20 support area Eurozone’s flash CPI inflation due at 09:00 GMT EURJPY rose rapidly to an almost 40-year high of 171.56 on Monday thanks to a suspected intervention from Japanese...

Coca-Cola (KO) Q1 2024 earnings

Coca-Cola (KO) Q1 2024 earnings

A Coca-Cola building in Zagreb, Croatia, Nov. 8, 2023.Denis Lovrovic | AFP | Getty ImagesCoca-Cola on Tuesday reported quarterly earnings and revenue that beat analysts' expectations.The beverage giant also raised its full-year outlook for organic revenue.Shares of...

Abhay Bhutada, Poonawalla Fincorp, ET BFSI

Abhay Bhutada, Poonawalla Fincorp, ET BFSI

"As you know we operate at 102 branches, but maximum we are gaining market share there and going forward whatever guidance we have given 35% to 40%, I think in the past also we have over-delivered. Going further, we will stick to our guidance and we are confident of...

USD/JPY Stabilizes After Roller-Coaster Monday

USD/JPY Stabilizes After Roller-Coaster Monday

The Japanese yen is lower on Tuesday. In the European session, USD/JPY is trading at 156.88, up 0.34%. It has been a relatively quiet day for the yen after massive movement over the past two days. On Friday dollar-yen jumped 1.7% and broke above 158, but the real...

Developers Guide to Blockchain Development

Developers Guide to Blockchain Development

Blockchain technology has emerged as a momentous force for transformation of the conventional approaches for online interactions, transactions, and information exchange. Do you have skills in coding, blockchain technology, and cryptography? If yes, you need a...

Walmart launches new grocery brand BetterGoods

Walmart launches new grocery brand BetterGoods

People talk outside a Wal-Mart Pickup-Grocery store in Bentonville, Arkansas.Rick Wilking | ReutersWalmart is debuting a new grocery brand, as the discounter tries to retain the shoppers it has attracted during a period of high inflation.On Tuesday, the big-box...

Will AUDUSD Exit the Range Again?

Will AUDUSD Exit the Range Again?

AUDUSD comes under selling interest this week But stays within sideways range A break below 0.6485 may turn the outlook bearish For the picture to brighten, a move above 0.6615 may be needed AUDUSD was sold this week, after the bulls struggled to overcome the 0.6575...

Paramount CEO Bob Bakish steps down

Paramount CEO Bob Bakish steps down

Bob Bakish, president and chief executive officer of Viacom, attends the fourth day of the annual Allen & Company Sun Valley Conference, July 11, 2023 in Sun Valley, Idaho. David A. Grogan | CNBCParamount Global CEO Bob Bakish is stepping down, the company...

Eurozone GDP rises 0.3% qoq in Q1, above exp 0.1% qoq

Eurozone GDP rises 0.3% qoq in Q1, above exp 0.1% qoq

Eurozone GDP grew 0.3% qoq, 0.4% yoy in Q1, better than expectation of 0.1% qoq, 0.2% yoy. EU GDP grew 0.3% qoq, 0.5% yoy. Among the Member States for which data are available, Ireland (+1.1%) recorded the highest increase compared to the previous quarter, followed by...

Struggling with Money? Don’t Isolate.

Struggling with Money? Don’t Isolate.

This post is adapted from YNAB's twice-monthly newsletter, Loose Change. ‍Ever have a bad day surrounded by people who seem to be having the best day of their lives? You might feel pressure to share some good news yourself. Let them know that you’re on the up and up...

S&P upgrades Euronext to ‘BBB+, Positive Outlook‘

S&P upgrades Euronext to ‘BBB+, Positive Outlook‘

Pan-European market infrastructure Euronext today welcomed the decision of S&P to upgrade Euronext from ‘BBB+, Stable Outlook’ to ‘BBB+, Positive Outlook’. S&P decision reflects the approaching completion of the integration of the Borsa Italiana Group, the...

GBPUSD Battles With 200-Day SMA

GBPUSD Battles With 200-Day SMA

GBPUSD rebounds strongly from a 5-month bottom But meets strong resistance at 200-day SMA Momentum indicators improve but remain neutral-to-negative GBPUSD experienced a vast decline after posting a fresh 2024 high of 1.2892, generating a clear structure of lower...

Cryptocurrency Investment Strategies for Beginners

Cryptocurrency Investment Strategies for Beginners

Investments are one of the integral aspects of any individual’s financial planning. Any individual can invest in different instruments, such as shares, bonds, or stocks, and even in gold, real estate, or artworks. The latest entry into the world of investment is...

Europe may need to impose up to 55% in tariffs

Europe may need to impose up to 55% in tariffs

Vehicles set to be shipped to Europe, at Taicang Port on Dec. 19, 2022, in Suzhou, China.Vcg | Visual China Group | Getty ImagesThe European Union will need to levy higher-than-expected tariffs of up to 55% on Chinese electric vehicles to curb their imports into the...

FX option expiries for 30 April 10am New York cut

FX option expiries for 30 April 10am New York cut

There aren't any major expiries to take note of for the day. As such, traders will be left to their own devices in working with the technicals and overall risk mood mostly. Besides that, do be wary that month-end flows could factor into play especially closer to the...

McDonald’s (MCD) Q1 2024 earnings

McDonald’s (MCD) Q1 2024 earnings

McDonald's french friesPicture Alliance | Picture Alliance | Getty ImagesMcDonald's is expected to report its first-quarter earnings before the bell on Tuesday.Here's what Wall Street analysts surveyed by LSEG are expecting:Earnings per share: $2.72 expectedRevenue:...

Latest news on Russia and the war in Ukraine

Latest news on Russia and the war in Ukraine

Russia likely used ballistic missile with cluster warhead in Odesa attack, official saysRussian forces used an Iskander missile armed with a cluster warhead to carry out the deadly strike on a crowded seaside area of Odesa on Monday, an official said.Dmytro...

How to Avoid Self-Employment Tax & Ways to Reduce It

How to Avoid Self-Employment Tax & Ways to Reduce It

Throughout its history, America has been the land of self-made men and women. But, America’s self-employed must contend with a unique burden every April 15: the self-employment tax. Simply being self-employed subjects one to a separate 15.3% tax covering Social...

5 Tax Tips for Starting a New Business

5 Tax Tips for Starting a New Business

If you are venturing out on your own, congratulations! Starting your own business can be tremendously rewarding if you do it right. From business plans to market strategies, there are a lot of important financial decisions ahead. So, let’s start you off on the right...

EUR/AUD Daily Outlook – Action Forex

EUR/AUD Daily Outlook – Action Forex

Daily Pivots: (S1) 1.6324; (P) 1.6393; (R1) 1.6436; More… Intraday bias in EUR/AUD remains on the downside at this point. Fall from 1.6742 is seen as the third leg of the corrective pattern from 1.7062. Deeper fall would be seen to 1.6127 support, or further to 100%...

XTB sees record Revenues of $139M in Q1-2024

XTB sees record Revenues of $139M in Q1-2024

Poland based Retail FX and CFDs brokerage group XTB SA (WSE:XTB) has followed up a record 2023 with an even better start to 2024, reporting record quarterly Revenues and near-record Profits for the first quarter of the year. XTB financial results Q1 2024 Revenues at...

EUR/GBP Daily Outlook – Action Forex

EUR/GBP Daily Outlook – Action Forex

Daily Pivots: (S1) 0.8550; (P) 0.8567; (R1) 0.8576; More… Intraday bias in EUR/GBP remains on the downside at this point. Corrective rebound from 0.8497 should have completed at 0.8643, after rejection by trend line resistance. Deeper fall would be seen to retest...

EUR/JPY Daily Outlook – Action Forex

EUR/JPY Daily Outlook – Action Forex

Daily Pivots: (S1) 167.37; (P) 168.38; (R1) 170.30; More… EUR/JPY’s steep retreat indicates short term topping at 171.58 already. Intraday bias is turned neutral for some consolidations first. But outlook will remain bullish as long as 165.33 resistance turned support...

GBP/JPY Daily Outlook – Action Forex

GBP/JPY Daily Outlook – Action Forex

Daily Pivots: (S1) 195.21; (P) 196.57; (R1) 199.17; More.. GBP/JPY’s steep retreat indicates short term topping at 200.53. Intraday bias is turned neutral for consolidations first. But outlook will remain bullish as long as 193.51 resistance turned support holds. Firm...

Gold Weakens Its Momentum – Action Forex

Gold Weakens Its Momentum – Action Forex

Gold holds near the 20-day SMA Oscillators are heading south Gold prices are moving back and forth of the 2,320 barrier and the 20-day simple moving average (SMA), while remaining in a positive territory. However, the technical oscillators are weakening their...

US 500 Cash Index in the Green Ahead of Fed

US 500 Cash Index in the Green Ahead of Fed

US 500 index is edging higher, a tad below the 50-day SMA Bulls are feeling more confident following strong tech earnings Momentum indicators are mixed at this stage The US 500 cash index is trying to record its third consecutive green candle today as the bulls are...

USD/JPY Mid-Day Outlook – Action Forex

USD/JPY Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 156.06; (P) 157.26; (R1) 159.53; More… Intraday bias in USD/JPY remains neutral at this point as consolidation from 160.20 short term top is extending. Strong support could be seen from 38.2% retracement of 146.47 to 160.20 at 154.95 to bring...

USD/CHF Mid-Day Outlook – Action Forex

USD/CHF Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 0.9111; (P) 0.9130; (R1) 0.9165; More…. Intraday bias in USD/CHF remains neutral as sideway consolidation continues. On the upside, firm break of 0.9151 will resume the rally from 0.8332 and should target 0.9243 key resistance next. On the downside,...

5 Tax Deductions and Credits for Working Moms

5 Tax Deductions and Credits for Working Moms

If you’re anything like me, being a working mom means your work doesn’t stop at the office. Rather, it continues well after the end of each workday. Being a working mom can be both rewarding and challenging. You certainly get the satisfaction of being able to provide...

GBP/USD Mid-Day Outlook – Action Forex

GBP/USD Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 1.2448; (P) 1.2495; (R1) 1.2540; More… Intraday bias in GBP/USD remains on the upside at this point. Rebound from 1.2298 short term bottom would target 55 D EMA (now at 1.2582). Sustained break there will argue that fall from 1.2892 has completed...

EUR/USD Mid-Day Outlook – Action Forex

EUR/USD Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 1.0660; (P) 1.0707; (R1) 1.0739; More… Intraday bias in EUR/USD stays neutral and outlook is unchanged. On the upside, above 1.0752 will resume the rebound to 55 D EMA (now at 1.0780). On the downside, break of 1.0673 minor support will turn...

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