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US initial jobless claims falls to 215k, vs exp 220k

US initial jobless claims falls to 215k, vs exp 220k

US initial jobless claims fell -8k to 215k in the week ending May 18, below expectation of 220k. Four-week moving average rose 2k to 220k. Continuing claims rose 8k to 1794k in the week ending May 11. Four-week moving average of continuing claims rose 5k to 1782k....

Cop violated body camera rules, chief says

Cop violated body camera rules, chief says

Scottie Scheffler arrives to the course during the second round of the PGA Championship at Valhalla Golf Club in Louisville, Kentucky, on May 17, 2024.Ben Jared | PGA Tour | Getty ImagesA Louisville, Kentucky, police detective violated department policy by not...

GBP/USD Mid-Day Outlook – Action Forex

GBP/USD Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 1.2691; (P) 1.2726; (R1) 1.2753; More… Intraday bias in GBP/USD stays neutral for the moment. On the upside. decisive break of 100% projection of 1.2298 to 1.2633 from 1.2445 at 1.2780 will extend the rally from 1.2298 to 1.2892 resistance next....

USD/JPY Mid-Day Outlook – Action Forex

USD/JPY Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 156.33; (P) 156.58; (R1) 157.07; More… Intraday bias in USD/JPY stays neutral and outlook is unchanged. Price actions from 160.20 are seen as a corrective pattern. On the upside, break of 156.78 will resume the rise from 151.86, as the second leg,...

CME Group to launch CME NSP connectivity option

CME Group to launch CME NSP connectivity option

International derivatives marketplace CME Group will soon launch the ability for clients to connect to EBS services via the new CME NSP connectivity option. Clients will be able to connect via a resilient, fully managed service from leading global network service...

Nvidia stock pops 10% to record high

Nvidia stock pops 10% to record high

Nvidia CEO Jensen Huang delivers a keynote address during the Nvidia GTC Artificial Intelligence Conference at SAP Center on March 18, 2024 in San Jose, California. Justin Sullivan | Getty ImagesNvidia shares jumped more than 10% Thursday after the company topped Wall...

USD/CHF Mid-Day Outlook – Action Forex

USD/CHF Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 0.9117; (P) 0.9138; (R1) 0.9178; More…. Intraday bias in USD/CHF is turned neutral with current retreat. On the upside, above 0.9157 will resume the rebound from 0.8987 to retest 0.9223 high. On the downside, break of 0.9077 support will bring...

Newly built home sales April

Newly built home sales April

A pile of lumber at a home under construction at the Cold Spring Barbera Homes subdivision in Loudonville, New York, US, on Wednesday Nov. 8, 2023. Angus Mordant | Bloomberg | Getty ImagesSales of newly built homes dropped 4.7% in April compared with March, and fell a...

EUR/USD Mid-Day Outlook – Action Forex

EUR/USD Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 1.0805; (P) 1.0834; (R1) 1.0852; More… EUR/USD recovers ahead of 1.0810 resistance turned support. Intraday bias stays neutral at this point. On the upside, break of 1.0894 will resume the rise from 1.0601 to 1.0980 resistance. Decisive break there...

CFI named as FIBA WASL Final 8 Official Partner

CFI named as FIBA WASL Final 8 Official Partner

Leading online trading provider CFI has announced its role as the Official Partner of the FIBA WASL (West Asia Super League) Final 8 tournament. This premier event is set to take place this year in Doha, Qatar, from May 25th to June 1st. FIBA WASL Final 8, organized...

CobaltFX names Stephen Nelson COO, Daniel Evans CPO

CobaltFX names Stephen Nelson COO, Daniel Evans CPO

United Fintech unit CobaltFX has announced some changes in its senior management ranks, with the company naming Stephen Nelson as CobaltFX’s new Chief Operating Officer (COO), and Daniel Evans Chief Product Officer (CPO). Both Stephen Nelson and Daniel Evans have been...

Sunset Market Commentary

Sunset Market Commentary

Markets European May PMIs were generally speaking good. The services reading stabilized at a decent 53.3 in May but a better-than-expected improvement in the admittedly still struggling manufacturing sector (from 45.7 to 47.4) lifted the composite figure to the...

Gold falls from highs :: InvestMacro

Gold falls from highs :: InvestMacro

By RoboForex Analytical DepartmentThe price of gold fell to $2370.00 per troy ounce by Thursday following the release of the minutes from the latest US Federal Reserve meeting. The general tone of the Fed’s policymakers was notably cautious, aligning with previous...

USD/JPY Steady as Japanese PMIs Mixed

USD/JPY Steady as Japanese PMIs Mixed

The Japanese yen is slightly lower on Thursday. USD/JPY is trading at 156.70, down 0.08% on the day at the time of writing. Japan’s PMIs for April were a mixed bag and the yen didn’t show much reaction. Services PMI dipped to 53.6, down from 54.3 in March and just shy...

Euro Recovers on Eurozone PMIs, But Gains Limited

Euro Recovers on Eurozone PMIs, But Gains Limited

As trading progresses into US session, activity in the forex markets remains relatively muted. Euro is showing signs of recovery ahead of key support levels against Dollar and crucial support against Sterling. Eurozone PMIs revealed that economic recovery is...

EUR/USD Price Forms Bullish Reversal Amid Key News

EUR/USD Price Forms Bullish Reversal Amid Key News

Last night, the FOMC meeting minutes were released. According to USNews, there were no major surprises. However, the confirmation of persistent inflation – along with hints that some officials discussed potential future rate hikes – displayed a “hawkish” stance. The...

Gold Falls from Highs – Action Forex

Gold Falls from Highs – Action Forex

The price of gold fell to $2370.00 per troy ounce by Thursday following the release of the minutes from the latest US Federal Reserve meeting. The general tone of the Fed’s policymakers was notably cautious, aligning with previous calls for a restrained approach to...

Argentex expands to Australia with AFSL license

Argentex expands to Australia with AFSL license

London-headquartered currency risk management and alternative banking specialist Argentex Group plc (LON:AGFX) has announced that it has been granted its Australian Financial Services License (AFSL), a pivotal step in the business’s strategic plan. The license,...

Bitcoin Prepares for $100K Hike

Bitcoin Prepares for $100K Hike

Market picture The crypto market is quiet, hovering around a total capitalisation of $2.6 trillion for the third day. Bitcoin has so far failed to gain a foothold above $70K, and this is curbing the enthusiasm. It is losing 0.3% in 24 hours against Ethereum’s 0.6%...

GBP/JPY Daily Outlook – Action Forex

GBP/JPY Daily Outlook – Action Forex

Daily Pivots: (S1) 198.20; (P) 198.56; (R1) 198.84; More… Intraday bias in GBP/JPY remains on the upside for the moment. Current rise from 191.34, as the second leg of the corrective pattern from 200.53, should target 100% projection of 191.34 to 180.07 from 195.02 at...

Is USDJPY Still Searching for New Highs?

Is USDJPY Still Searching for New Highs?

USDJPY surpasses key resistance, but more steps needed Short-term risk tilted to the upside; 157.00 mark under examination US S&P Global PMIs, initial jobless claims, new home sales on the agenda USDJPY closed Wednesday’s session with modest gains at 156.75 as the...

E.l.f. Beauty (ELF) earnings Q4 2024

E.l.f. Beauty (ELF) earnings Q4 2024

E.l.f Beauty products.Courtesy: e.l.f BeautyE.l.f. Beauty posted its first billion-dollar fiscal year on Wednesday as sales spiked 77%, but the retailer's shares fell as it said it expects its growth to slow.The eyes, lip, face company, known for its viral marketing...

FX option expiries for 23 May 10am New York cut

FX option expiries for 23 May 10am New York cut

There aren't any major expiries to take note of for the day. As such, trading sentiment will be a bit of a mix of things in the day ahead. For one, we have PMI data to deal with alongside the US weekly jobless claims. Then, we also have to consider the overall risk...

Latest news on Russia and the war in Ukraine

Latest news on Russia and the war in Ukraine

Russia detains fourth top defense figure for bribe-taking, media reportsRussia has detained the deputy head of the army's general staff Lieutenant General Vadim Shamarin, on suspicion of large-scale bribe-taking, Russian media reported on Thursday, the latest in a...

Is Oil Back in Buying Territory? :: InvestMacro

Is Oil Back in Buying Territory? :: InvestMacro

Technical Analyst Clive Maund reviews charts in the oil sector to explain why he believes oil might be in buying back territory.With the main fundamental drivers for a higher oil price remaining in play, namely continuing strife in the Mid-East with the ongoing risk...

Customers say they can’t access funds

Customers say they can’t access funds

Sarinyapinngam | Istock | Getty ImagesA dispute between a fintech startup and its banking partners has ensnared potentially millions of Americans, leaving them without access to their money for nearly two weeks, according to recent court documents.Since last year,...

FIS launches new mobile banking application

FIS launches new mobile banking application

FIS (NYSE:FIS) has launched an enhanced version of its flagship mobile banking application for financial institutions. FIS Digital One Flex Mobile 6.0 is tailored for banks seeking to meet evolving customer expectations in the digital era. The application allows...

GBP/JPY Daily Outlook – Action Forex

GBP/JPY Daily Outlook – Action Forex

Daily Pivots: (S1) 198.20; (P) 198.56; (R1) 198.84; More… GBP/JPY’s rally continues today and intraday bias stays on the upside. Current rise from 191.34, as the second leg of the corrective pattern from 200.53, should target 100% projection of 191.34 to 180.07 from...

Is a Scorching PM Sector Rally Ahead? :: InvestMacro

Is a Scorching PM Sector Rally Ahead? :: InvestMacro

Technical Analyst Clive Maund explains why he believes a rally in precious metals, specifically gold and silver, may be imminent. The PM sector did exactly as predicted in the article WHEN THE RUBBER HITS THE ROAD – THE SCORCHING PM SECTOR RALLY AHEAD posted on the...

Pfizer announces new cost cutting program

Pfizer announces new cost cutting program

Exterior view of the Pfizer headquarters building on January 29, 2023 in New York City. Kena Betancur | Corbis News | Getty ImagesPfizer on Wednesday said it has launched a new multi-year program to reduce costs as it works to rebound from the rapid decline of its...

Bitcoin Waits for Ethereum Story to Develop

Bitcoin Waits for Ethereum Story to Develop

Market picture The crypto market cap has stabilised at $2.6 trillion after an impressive surge following the Ethereum rally. Among the top coins over 24 hours, Toncoin is leading the decline, falling 5%, while Dogecoin is leading the way with a 3.4% increase. Bitcoin...

New Zealand Dollar Shows Steady Rise

New Zealand Dollar Shows Steady Rise

The NZD/USD pair is preparing for a mid-week rally, approaching the 0.6116 level. These current values mark the highest point for the Kiwi in two months, following the Reserve Bank of New Zealand’s decision to maintain its monetary policy structure unchanged during...

GBP/USD Mid-Day Outlook – Action Forex

GBP/USD Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 1.2689; (P) 1.2708; (R1) 1.2729; More… Intraday bias in GBP/USD remains on the upside for 100% projection of 1.2298 to 1.2633 from 1.2445 at 1.2780. Firm break there will target 1.2892 resistance next. However, break of 1.2685 will minor support...

Nvidia (NVDA) earnings report Q1 2025

Nvidia (NVDA) earnings report Q1 2025

Jensen Huang, co-founder and chief executive officer of Nvidia Corp., during the Nvidia GPU Technology Conference (GTC) in San Jose, California, US, on Tuesday, March 19, 2024. David Paul Morris | Bloomberg | Getty ImagesNvidia reports fiscal first-quarter earnings on...

GM Chevy Equinox EV goes on sale

GM Chevy Equinox EV goes on sale

GM's 2024 Chevrolet Equinox EV during a media launch event for the vehicle on May 16, 2024 in Detroit.Michael Wayland / CNBCDETROIT — The Chevrolet Equinox has been a crucial part of General Motors' lineup for two decades. The vehicle is a quintessential family hauler...

City Union Bank MD, ET BFSI

City Union Bank MD, ET BFSI

Private sector City Union Bank expects significant growth in the income contributed from the insurance vertical during the current financial year, a top official has said. The Tamil Nadu-based bank was on track to reach pre-Covid level in slippages and recovery, the...

EUR/USD Mid-Day Outlook – Action Forex

EUR/USD Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 1.0840; (P) 1.0857; (R1) 1.0872; More… EUR/USD dips notably today but stays above 1.0810 resistance turned support. Intraday bias remains neutral and further rally is still in favor. On the upside, break of 1.0894 will resume the rise from 1.0601 to...

USD/CHF Mid-Day Outlook – Action Forex

USD/CHF Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 0.9092; (P) 0.9104; (R1) 0.9122; More…. USD/CHF’s rebound from 0.8987 extends higher today, and intraday bias stays on the upside. Further rally would be seen to 0.9223 resistance. On the downside, below 0.9086 minor support will turn intraday bias...

USD/JPY Mid-Day Outlook – Action Forex

USD/JPY Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 155.75; (P) 156.03; (R1) 156.56; More… No change in USD/JPY’s outlook and intraday bias stays neutral. Price actions from 160.20 are seen as a corrective pattern. On the upside, break of 156.78 will resume the rise from 151.86, as the second leg, to...

VeChain Announces VeBetterDAO Mainnet Launch

VeChain Announces VeBetterDAO Mainnet Launch

VeChain, a leading global entity in the blockchain sector, has announced the mainnet launch of its VeBetterDAO platform. This development follows the successful testnet launch, which saw significant engagement and activity, according to a...

Are Overnight Camps Tax Deductible?

Are Overnight Camps Tax Deductible?

Summertime can be relaxing, but if you have kids on summer break, you might also struggle with how to keep them entertained and engaged while you work or are busy with the day-to-day events of life. That’s when you realize there are a lot of summer camps offered....

Sunset Market Commentary – Action Forex

Sunset Market Commentary – Action Forex

Markets April UK inflation figures set the tone from the start of trading. The Bank of England, with a leading role for chair Bailey, hyped the number way in advance as coming a long way in the direction of the 2% inflation target. That was because of the anticipated...

City Union Bank MD, ET BFSI

City Union Bank MD, ET BFSI

Private sector City Union Bank expects significant growth in the income contributed from the insurance vertical during the current financial year, a top official has said. The Tamil Nadu-based bank was on track to reach pre-Covid level in slippages and recovery, the...

Krishna Rao Appointed as New CFO of Anthropic

Krishna Rao Appointed as New CFO of Anthropic

Anthropic, an AI safety and research company, has announced the appointment of Krishna Rao as its new Chief Financial Officer (CFO). The announcement was made on May 21, 2024, according to a press release on the company's official...

Existing home sales slip in April

Existing home sales slip in April

Homes in the Issaquah Highlands area of Issaquah, Washington, US, on Tuesday, April 16, 2024. David Ryder | Bloomberg | Getty ImagesSales of previously owned homes fell 1.9% in April from March to 4.14 million units, on a seasonally adjusted annualized basis,...

UK Inflation Distanced the Expected Rate Cut

UK Inflation Distanced the Expected Rate Cut

Inflation in the UK exceeded forecasts, making traders and investors cautious about the prospects for policy easing in the coming months. Consumer prices rose by 0.3% m/m vs. 0.2% expected. Annual inflation slowed to 2.3% last month from 3.2% in March. This is the...

Uniswap Labs Ready to Fight SEC Allegations

Uniswap Labs Ready to Fight SEC Allegations

Uniswap Labs Responds to SEC Notice Uniswap Labs, the creator of the Uniswap protocol, has publicly responded to the Wells notice it received from the U.S. Securities and Exchange Commission (SEC) last month. The company has expressed its...

GBP/USD Shrugs as UK Inflation Higher Than Expected

GBP/USD Shrugs as UK Inflation Higher Than Expected

The British pound edged higher earlier today but has pared most of those gains. GBP/USD is trading at 1.2703, up 0.06% early in the North American session. UK inflation declines less than expected UK inflation fell sharply in April, falling to 2.3% y/y. This was down...

ETF D-Day looms :: InvestMacro

ETF D-Day looms :: InvestMacro

Ethereum ↑ over 20% this weekCrypto could rally another 35,000 pointsPrices bullish on D1 but RSI overboughtKey level of interest at $3806.49 & $40000Ethereum is back in the spotlight after soaring over 20% this week.The world’s second-largest cryptocurrency by...

GBP/USD: Cable Hits Two-Month High After Inflation Data

GBP/USD: Cable Hits Two-Month High After Inflation Data

Cable rose to two-month high (1.2761) on Wednesday, after UK inflation data for April showed that prices pressure eased below expectations, hurting bets for BoE’s June rate cut. Fresh acceleration higher generates initial signal of bullish continuation after the price...

Binance to Remove Certain Margin Trading Pairs

Binance to Remove Certain Margin Trading Pairs

Binance Announces Removal of Margin Trading PairsRenowned cryptocurrency exchange, Binance, has announced plans to delist several margin trading pairs on its platform, according to a recent announcement on its official website. The...

Santander joins Eurex for listed FX business

Santander joins Eurex for listed FX business

Santander Asset Management has started expanding its FX futures business to Eurex, supported by Banco Santander as Clearing Member and Deutsche Bank as liquidity provider. This move of Santander Asset Management underlines the trend towards listed FX business. More...

Tradition announces voting result regarding dividend

Tradition announces voting result regarding dividend

Compagnie Financière Tradition SA announces that the Annual General Meeting held on May 21, 2024 at 3.30 pm approved the dividend proposal of the Board of Directors published in the Swiss Official Gazette of Commerce on April 25, 2024. The dividend consists of a cash...

NZDUSD Posts New 2-Month High

NZDUSD Posts New 2-Month High

NZDUSD starts the day with strong upside momentum after RBNZ decision MACD and RSI tick higher NZDUSD had an aggressive bullish start at the beginning of the day, following the bounce off the 0.6080 support level and creating a spike towards a fresh two-month high of...

RBI may delay plan to ease interest rates, ET BFSI

RBI may delay plan to ease interest rates, ET BFSI

Mumbai: The Reserve Bank of India (RBI) will likely push back the decision to begin easing policy rates as the latest inflation print suggests the potential alignment of the keenly monitored price index with the mandated target for the central bank is back-ended. "A...

Crypto Wallet Security – A Comprehensive Guide

Crypto Wallet Security – A Comprehensive Guide

The cryptocurrency industry is evolving at an impressive pace with the integration of new utilities in cryptocurrencies. Everyone who wants to begin trading in cryptocurrencies is likely to choose third-party wallets or crypto wallets. The growing popularity of...

German regulator warns against Pepperstone clone

German regulator warns against Pepperstone clone

Germany’s Federal Financial Supervisory Authority (BaFin) warns consumers about the website pepperstone.vip. According to information available to BaFin, financial and investment services are being provided on this website without the required authorisation. BaFin...

GBPUSD Renews Positive Momentum Within Channel

GBPUSD Renews Positive Momentum Within Channel

GBPUSD strengthens to a two-month high within bullish channel Short-term bias looks positive, but buying appetite might lose pace UK S&P Global PMIs and BoE member Pill on the agenda on Wednesday Following a short period of consolidation around the 1.2700 level,...

Latest news on Russia and the war in Ukraine

Latest news on Russia and the war in Ukraine

Russia's tactical nuclear weapons drills meant to send a warning to the WestThe timing of Russian non-strategic nuclear weapons drills that began on Tuesday is not accidental and will certainly be watched closely by Ukraine and the West.The exercises come at a time...

Checked Out at Work | YNAB

Checked Out at Work | YNAB

This post is adapted from YNAB's twice-monthly newsletter, Loose Change. One of the challenges of being a parent is trying to operate with split attention: you want to be present for your kids but also dinner’s behind schedule… and is the homework done? You’ve...

FX option expiries for 22 May 10am New York cut

FX option expiries for 22 May 10am New York cut

There aren't any major expiries to take note of for the day.As such, trading sentiment will continue to be driven by the recent market mood. And that means we might be in for another duller session overall, with traders mostly waiting on the Fed minutes later today...

Target (TGT) Q1 2024 earnings

Target (TGT) Q1 2024 earnings

A customer shops at a Target store in Miami, Florida, on May 20, 2024.Joe Raedle | Getty ImagesTarget will report its fiscal first-quarter earnings on Wednesday, just days after it said it would cut prices on thousands of groceries and everyday items.The...

USDCAD’s Upturn Still Lackluster – Action Forex

USDCAD’s Upturn Still Lackluster – Action Forex

USDCAD pivots gently higher but still constrained between trendlines A decisive bounce above 1.3745 needed for fresh buying Canadian CPI scheduled for release at 12:30 GMT; Fed speakers on the agenda too USDCAD has been tip-toeing higher since its downward pattern...

Trump ally Doug Burgum in business with oil giant

Trump ally Doug Burgum in business with oil giant

Republican presidential candidate and former president Donald Trump shakes hands with North Dakota Gov. Doug Burgum and Vivek Ramaswamy, left, at a campaign rally at the The Margate Resort in Laconia, NH on Monday, January 22, 2024.Jabin Botsford | The Washington Post...

USD/CAD Mid-Day Outlook – Action Forex

USD/CAD Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 1.3602; (P) 1.3618; (R1) 1.3641; More… USD/CAD recovered notably today but stays below 1.3689 resistance. Intraday bias stays neutral first. Strong bounce from current level will confirm support by 55 D EMA (now at 1.3628). Break of 1.3689 minor...

Modi, BFSI News, ET BFSI

Modi, BFSI News, ET BFSI

Mumbai: PM Narendra Modi said on Monday that record profits made by banks in FY24 would increase availability of credit to the poor, farmers, and MSMEs, hailing the turnaround of financial entities, which were facing a burden of bad loans some years ago.Posting a link...

Where U.S. rents are rising

Where U.S. rents are rising

Driven by the new work-from-home dynamic as well as by new migration patterns, rent prices were red-hot during the first years of the pandemic for both single-family and multifamily homes.Now different drivers are pushing some rents higher — and throwing cold water on...

Canada: Inflation Cools Further in April

Canada: Inflation Cools Further in April

Headline CPI inflation edged lower in April to 2.7% year-on-year (y/y), matching expectations. The broad-based deceleration was led by food prices, services and durable goods. However, higher prices at the pump in April worked against the cooling in inflation....

Biden takes credit for Target grocery price cuts

Biden takes credit for Target grocery price cuts

U.S. President Joe Biden delivers remarks on lowering costs for American families during a visit to Goffstown, New Hampshire, U.S., March 11, 2024.Kevin Lamarque | ReutersPresident Joe Biden took a victory lap after Target announced it was lowering prices on groceries...

An In-depth Look at Crypto Mining Pools

An In-depth Look at Crypto Mining Pools

According to an article by Chainalysis, the rise of crypto mining pools has significantly changed the landscape of cryptocurrency mining. These pools allow individual miners to combine their resources and efforts, maximizing their rewards...

Banks to RBI, ET BFSI

Banks to RBI, ET BFSI

Mumbai: Banks will have only a 'limited ability' to pass on the impact of the proposed increase in project loan provisions due to the intense competition among lenders and the pressure to maintain relationships with large corporates. Officials from some of the large...

USD/JPY Mid-Day Outlook – Action Forex

USD/JPY Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 155.75; (P) 156.03; (R1) 156.56; More… Outlook in USD/JPY is unchanged and intraday bias stays neutral. Price actions from 160.20 are seen as a corrective pattern. On the upside, break of 156.78 will resume the rise from 151.86, as the second leg,...

USD/CHF Mid-Day Outlook – Action Forex

USD/CHF Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 0.9087; (P) 0.9098; (R1) 0.9118; More…. Intraday bias in USD/CHF stays mildly on the upside at this point. Corrective fall from 0.9223 might have completed with three waves down to 0.8987 already. Further rally should be seen back to retest 0.9223....

Disney’s Pixar lays off 14% of workforce

Disney’s Pixar lays off 14% of workforce

A bicyclist rides past the entrance to the Pixar Animation Studios headquarters in Emeryville, California, U.S.Bloomberg | Getty ImagesLong-expected layoffs are hitting Pixar Animation Studios today.Pixar will lay off about 175 employees, or around 14% of the studio's...

GBP/USD Mid-Day Outlook – Action Forex

GBP/USD Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 1.2687; (P) 1.2707; (R1) 1.2725; More… Intraday bias in GBP/USD remains on the upside at this point. Rise from 1.2298 would target 100% projection of 1.2298 to 1.2633 from 1.2445 at 1.2780. On the downside, below 1.2642 minor support will turn...

Hits fresh 11-year high above $32 :: InvestMacro

Hits fresh 11-year high above $32 :: InvestMacro

Silver ↑ 33% year-to-dateOne of the best-performing major commoditiesRelatively “cheap” compared to goldBullish on D1 but RSI overbought Gold is not the only metal delivering glittering returns this year…Silver has also been on a tear, soaring to its highest level in...

Sunset Market Commentary – Action Forex

Sunset Market Commentary – Action Forex

Markets: Trading was again confined to rather tight ranges today. US yields created some breathing space end last week compared to important support levels (4.7% area US 2-y yield, 4.3/37% area 10-y yield), but for now follow-through gains look rather difficult. Eco...

Trump Media stock falls after posting quarterly loss

Trump Media stock falls after posting quarterly loss

Aytac Unal/ | Anadolu | Getty ImagesShares of Trump Media fell more than 10% on Tuesday, a day after the Truth Social app owner reported a net loss of $327.6 million on just $770,500 in revenue in the first quarter of 2024.Trump Media, whose majority shareholder is...

How Will Eurozone PMIs Impact ECB Expectations?

How Will Eurozone PMIs Impact ECB Expectations?

Eurozone economy has been improving in 2024 But investors still anticipate an ECB rate cut in June The flash PMIs could impact bets beyond that meeting The data comes out on Thursday at 08:00 GMT ECB signals confidence in lowering rates At their latest gathering, ECB...

EUR/USD Mid-Day Outlook – Action Forex

EUR/USD Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 1.0846; (P) 1.0865; (R1) 1.0877; More… EUR/USD is still bounded in consolidations below 1.0894 and intraday bias stays neutral. Further rally is expected as long as 1.0810 resistance turned support holds. Break of 1.0894 will resume the rise to...

JPMorgan stock is too expensive

JPMorgan stock is too expensive

Jamie Dimon, CEO of JPMorgan Chase, testifies during the Senate Banking, Housing and Urban Affairs Committee hearing titled Annual Oversight of Wall Street Firms, in the Hart Building on Dec. 6, 2023.Tom Williams | Cq-roll Call, Inc. | Getty ImagesJamie Dimon thinks...

Short seller alleges misleading investors

Short seller alleges misleading investors

Oddity Il MakiageCoutesy: OddityA short seller on Tuesday alleged that beauty and wellness company Oddity Tech has been misleading investors and isn't the online-only retailer it's claimed to be. The firm, Ningi Research, published a 50-page report that details a slew...

CAD Sinks after CPI, NZD Await RBNZ

CAD Sinks after CPI, NZD Await RBNZ

Canadian Dollar sees a broad decline in early US session due to growing speculation about rate cut by BoC in the near future. April’s headline CPI slowed as expected, despite a significant increase in gasoline prices. Core inflation measures also showed more progress...

NZD/USD Steady Ahead of RBNZ Rate Announcement

NZD/USD Steady Ahead of RBNZ Rate Announcement

The New Zealand dollar is almost unchanged on Tuesday. NZD/USD is down 0.06%, trading at 0.6102 in the European session at the time of writing. RBNZ expected to maintain cash rate The Reserve Bank of New Zealand has shown it can be patient, having held the cash rate...

Euro/Dollar in consolidation :: InvestMacro

Euro/Dollar in consolidation :: InvestMacro

By RoboForex Analytical DepartmentThe EUR/USD pair is gently declining towards 1.0858 on Tuesday but remains within a medium-term range.This week sees few significant US statistics releases, which could provide investors with insights into future interest rate...

Trump trial resumes in porn star hush money case

Trump trial resumes in porn star hush money case

Witness Robert Costello is scolded by Justice Juan Merchan, who momentarily cleared the courtroom during former U.S. President Donald Trump's criminal trial on charges that he falsified business records to conceal money paid to silence porn star Stormy Daniels in...

IMF recommends BoE cut rates by 50-75 bps in 2024

IMF recommends BoE cut rates by 50-75 bps in 2024

IMF issued a report today suggesting that with UK inflation currently 2% above its neutral rate estimate, BoE should consider moving towards monetary easing. IMF highlighted the risks of “delayed easing”, cautioning that while BoE emphasizes the need to wait for...

Supreme Court’s Alito sold AB InBev, bought Coors

Supreme Court’s Alito sold AB InBev, bought Coors

United States Supreme Court Associate Justice Samuel Alito poses for an official portrait at the East Conference Room of the Supreme Court building on October 7, 2022 in Washington, DC. Alex Wong | Getty ImagesSupreme Court Justice Samuel Alito sold shares of beer...

10 Work from Home Essentials

10 Work from Home Essentials

Have a mental imagery of the kind of office you want to build, inside your home. Well, if this is becoming a difficult task then you probably need a list of 10 work-from-home essentials. This list should help you create a better work environment and enhance your...

Macy’s (M) Q1 2024 earnings

Macy’s (M) Q1 2024 earnings

The Macy's company logo is seen at the Macy's store on Herald Square on January 19, 2024 in New York City. Macy's department-store chain announced that they will be laying off roughly 2,350 employees which is about 3.5% of their workforce. The company says that it...

Bitget appoints Gracy Chen as CEO

Bitget appoints Gracy Chen as CEO

Bitget, a cryptocurrency exchange and Web 3 company, today announces the appointment of Gracy Chen as its new Chief Executive Officer (CEO). She succeeds Sandra Lou, who will be leaving the platform to pursue her own business goals. Ms Chen has over 10 years of...

GBP/JPY Daily Outlook – Action Forex

GBP/JPY Daily Outlook – Action Forex

Daily Pivots: (S1) 197.76; (P) 198.21; (R1) 199.01; More… Intraday bias in GBP/JPY remains on the upside. Current rise from 191.34, as the second leg of the corrective pattern from 200.53, should target 100% projection of 191.34 to 180.07 from 195.02 at 200.75. On the...

Peloton shares plunge after refinancing

Peloton shares plunge after refinancing

A pedestrian walks by a Peloton store in Palo Alto, California, on May 8, 2024.Justin Sullivan | Getty ImagesPeloton shares plunged on Monday after the connected fitness company said it is launching a "global refinancing," as it looks to stave off a cash crunch amid...

Number of Central Bank Speakers Increases

Number of Central Bank Speakers Increases

Markets Markets took a slow start to the new trading week. An empty eco calendar facilitated the status quo. Cleveland Fed Mester said that inflation risks moved up in Q1 while the economy was a little bit stronger than anticipated. Given that she wasn’t on the median...

How Does it Feel to Get A Month Ahead?

How Does it Feel to Get A Month Ahead?

Way back in 2014, I sunk a whopping 40.5 hours into an indie video game called “Papers, Please.” Have you heard of it? You play as a customs agent in a fictional Soviet Union-esque country. Every day, you work your way through a line of grumpy travelers, looking for...

Lowe’s (LOW) Q1 2024 earnings

Lowe’s (LOW) Q1 2024 earnings

A shopping cart sits in front of a Lowe's store in Pacoima, California, November 21, 2023.Justin Sullivan | Getty ImagesLowe's topped Wall Street's quarterly earnings and revenue expectations on Tuesday, even as do-it-youself customers bought fewer pricey items.The...

Commodity Currencies Retreat from Local Highs

Commodity Currencies Retreat from Local Highs

Despite the cooling labour market in the US and declining inflation, the American currency continues to move towards new highs. For instance, the USD/JPY currency pair might update the current month’s high at 156.70, the NZD/USD sharply declines after retesting...

Alpha Group launches Alpha Match

Alpha Group launches Alpha Match

Alpha Group International plc (LON:ALPH) today announced the launch of Alpha Match. Alpha Match is Alpha’s digital debt intermediary service. It aims to disrupt the fund finance industry with its impartial database of more than 290 lenders – making the process of...

Trump Media (DJT) Q1 2024 earnings

Trump Media (DJT) Q1 2024 earnings

This photo illustration shows an image of former President Donald Trump reflected in a phone screen that is displaying the Truth Social app, in Washington, DC, on February 21, 2022.Stefani Reynolds | AFP | Getty ImagesTrump Media & Technology Group, the parent...

Gold Price Reaches Historic High

Gold Price Reaches Historic High

According to confirmed information, Iranian President Ebrahim Raisi, considered a potential successor to the country’s supreme leader, Ayatollah Ali Khamenei, died in a helicopter crash in a mountainous area near the border with Azerbaijan. The helicopter also carried...

What is the Salary of an AI Prompt Engineer?

What is the Salary of an AI Prompt Engineer?

Artificial intelligence is a powerful catalyst for transformative changes in the world of technology. It has been one of the most prominent technologies that have captured the curiosity of millions of people worldwide. The biggest boost for AI adoption in recent times...

Donald Trump outraises President Joe Biden in April

Donald Trump outraises President Joe Biden in April

Former U.S. President and Republican presidential candidate Donald Trump holds a rally in advance of the New Hampshire presidential primary election in Rochester, New Hampshire, U.S., January 21, 2024. Mike Segar | ReutersFormer President Donald Trump outraised...

Japan, Singapore renew Bilateral Swap Arrangement

Japan, Singapore renew Bilateral Swap Arrangement

The Bank of Japan, acting as agent for the Minister of Finance of Japan, and the Monetary Authority of Singapore renewed the existing Bilateral Swap Arrangement (BSA) between the two countries. The BSA enables the authorities in Japan and Singapore to swap their local...

EURJPY Shows Appetite for Retesting 40-Year High

EURJPY Shows Appetite for Retesting 40-Year High

EURJPY holds well above uptrend line RSI stands near 70 level Next target at multi-year peak EURJPY is rallying sharply higher after the strong bounce off the 164.00 support level and the medium-term ascending trend line. The pair is heading towards the previous...

Banks to RBI, ET BFSI

Banks to RBI, ET BFSI

Representative ImageMUMBAI: Banks will have only a 'limited ability' to pass on the impact of the proposed increase in project loan provisions due to the intense competition among lenders and the pressure to maintain relationships with large corporates. Officials from...

FX option expiries for 21 May 10am New York cut

FX option expiries for 21 May 10am New York cut

There are a couple to take note of, as highlighted in bold.The first one is for EUR/USD at the 1.0840 level. It isn't one that is too technically significant but could hold price action from slipping much lower at least in the session ahead. That being said, we are...

Latest news on Russia and the war in Ukraine

Latest news on Russia and the war in Ukraine

Russia experiencing labor shortages as war demands manpowerRussia is currently experiencing a labor shortage in no small part due to the war in Ukraine, with some sectors experiencing significant problems recruiting workers, the British Ministry of Defense said...

Aussie and Yen Decline, Loonie Awaits Crucial CPI Data

Aussie and Yen Decline, Loonie Awaits Crucial CPI Data

Australian Dollar weakened broadly during Asian session as its recent rally lost momentum. Despite RBA minutes revealing that a rate hike was considered earlier this month, which should have been supportive for the Aussie, this positive sentiment was countered by weak...

Beaches and Brews at Delaware’s Dogfish Inn

Beaches and Brews at Delaware’s Dogfish Inn

  For a laid back beach getaway just steps from the Delaware Bay, the Dogfish Inn in the heart of charming and historic Lewes, Delaware, is the perfect destination. This boutique hotel offers everything you could want for a relaxing coastal escape: ☑ Proximity to the...

Pound Shrugs After BoE’s Broadbent Signals Rate cut

Pound Shrugs After BoE’s Broadbent Signals Rate cut

The British pound is almost unchanged on Monday. GBP/USD is trading at 1.2704 in the European session at the time of writing. The pound is coming off a strong week, with gains of 1.4%. GBP/USD touched a high last week of 1.2711, its highest point since March 21. The...

Australian Dollar Eyes RBA Minutes

Australian Dollar Eyes RBA Minutes

The Australian dollar is unchanged at the time of writing, trading at 0.6692 in the European session. There are no economic releases out of the US or Australia today, which should translate into a quiet day for AUD/USD. The Aussie is coming off an excellent week,...

Top Democrat asks Biden to replace FDIC chairman

Top Democrat asks Biden to replace FDIC chairman

Senator Sherrod Brown (D-OH), speaks at the 2019 National Action Network National Convention in New York, April 5, 2019.Lucas Jackson | ReutersSen. Sherrod Brown, D-Ohio, on Monday called on President Joe Biden to replace Federal Deposit Insurance Corporation Chairman...

Bitcoin Cautious Despite Global Rise in Risk Appetite

Bitcoin Cautious Despite Global Rise in Risk Appetite

Market picture Crypto market capitalisation rose 5.2% over the past seven days to $2.41 trillion. Over the weekend, it reached $2.44 trillion, its highest level in nearly four weeks. Bitcoin is treading near local highs, remaining just below $67K. That’s a gain of...

Will UK Inflation Corroborate a June BoE Rate Cut?

Will UK Inflation Corroborate a June BoE Rate Cut?

Investors assign 60% chance for a June rate cut by the BoE UK CPI data to reveal whether inflation hit the BoE’s target But PMIs imply some upside risks The data is scheduled for Wednesday at 06:00 GMT BoE appears more dovish than expected While a few weeks ago...

Public introduces fractional bond trading

Public introduces fractional bond trading

Public is introducing fractional bond investing to all its members. Now, they can buy and sell corporate and Treasury bonds for as little as $100. Public has already started offering real-time trading of fractional stocks and ETFs. Now, the platform is doing the same...

EUR/USD Mid-Day Outlook – Action Forex

EUR/USD Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 1.0844; (P) 1.0861; (R1) 1.0886; More… EUR/USD is staying in consolidation below 1.0894 and intraday bias stays neutral. Further rally is expected as long as 1.0810 resistance turned support holds. Break of 1.0894 will resume the rise to 1.0980...

OKX Reveals Enhanced Token Listing Process

OKX Reveals Enhanced Token Listing Process

OKX Unveils Its New Token Listing ProcessLeading crypto asset platform OKX has provided further insights into its token listing procedure in response to feedback from customers and community members, according to a blog post on the...

GBP/USD Mid-Day Outlook – Action Forex

GBP/USD Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 1.2660; (P) 1.2686; (R1) 1.2727; More… No change in GBP/USD’s outlook and intraday bias stays on the upside. Firm break of 1.2708 resistance will extend the rise from 1.2298 to 100% projection of 1.2298 to 1.2633 from 1.2445 at 1.2780. On the...

Gold hits new record high :: InvestMacro

Gold hits new record high :: InvestMacro

By RoboForex Analytical DepartmentOn Monday, a troy ounce of gold set a new price peak of 3438.00 USD. This surge was fuelled by renewed speculation about potential interest rate cuts by the US Federal Reserve, vigorous gold purchases by banks globally, and strong...

USD/CHF Mid-Day Outlook – Action Forex

USD/CHF Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 0.9062; (P) 0.9080; (R1) 0.9110; More…. No change in USD/CHF’s outlook and intraday bias stays neutral. On the upside, firm break of 0.9101 will argue that corrective fall from 0.9223 has completed with three waves down to 0.8987 already. Further...

USD/JPY Mid-Day Outlook – Action Forex

USD/JPY Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 155.29; (P) 155.63; (R1) 156.02; More… No change in USD/JPY’s outlook and intraday bias stays neutral. Price actions from 160.20 are seen as a corrective pattern. On the upside, break of 156.78 will resume the rise from 151.86, as the second leg, to...

Department stores want younger shoppers

Department stores want younger shoppers

Signage of Macy's, Kohl's and Nordstrom retail stores.Getty ImagesDepartment stores are aging — and so are their customers.For over a century, the stores won over multiple generations with a promise to sell shoppers a wide variety of everything. For many Millennial...

Nvidia headed for $1000 milestone? :: InvestMacro

Nvidia headed for $1000 milestone? :: InvestMacro

Nvidia almost ↑ 90% year-to-dateWill chipmaker see new all-time high?Pay close attention to Nvidia’s datacenter revenue forecastsShares could move 8.6% ↑ or ↓ post earnings on Thursday!    Nvidia last earnings saw S&P 500’s biggest 1-day jump in over 12 monthsIn...

Oil Shows Weakness – Action Forex

Oil Shows Weakness – Action Forex

Oil is losing about 0.75% of its peak on Monday, having hit a strengthening sell-off as it attempts to climb above $80/bbl WTI and $84/bbl Brent. Interestingly, oil is declining despite the death of Iran’s president, which should reinforce the risk premium, and...

Real Estate Employment Taxes Explained

Real Estate Employment Taxes Explained

Did you become a self-employed real estate agent last year? If so, you now own your own business and can take advantage of many tax benefits related to running your own business. It’s important to realize that becoming a real estate agent isn’t just about selling...

Fed’s Bostic: Maybe only one rate cut this year

Fed’s Bostic: Maybe only one rate cut this year

Atlanta Fed President Raphael Bostic stated in a BloombergTV interview today that it will take time before the Fed is confident that inflation will return to 2%. He reiterated his stance that “nothing has changed” regarding his view that perhaps only one rate cut will...

Trump trial closing arguments set for May 28

Trump trial closing arguments set for May 28

Former U.S. President Donald Trump sits in the courtroom at Manhattan Criminal Court with his attorney Todd Blanche (L) on May 20, 2024 in New York City.Michael M. Santiago | Getty ImagesThe end of the criminal hush money trial of Donald Trump in New York will not...

AUDCAD Rises to New 14-Month High

AUDCAD Rises to New 14-Month High

AUDCAD is higher again today above 0.9100 RSI and MACD are holding in their positive regions AUDCAD has been in an upward movement since February 8, posting a 14-month high of 0.9125 earlier in the day. Entering the 0.9100 area has been a struggle over the past two...

Red Lobster files for bankruptcy

Red Lobster files for bankruptcy

A sign is posted on the exterior of a Red Lobster restaurant on April 17, 2024 in Rohnert Park, California. Justin Sullivan | Getty ImagesRed Lobster has filed for bankruptcy, continuing the process to shrink its footprint and find a buyer, the company said in a...

EUR/AUD Daily Outlook – Action Forex

EUR/AUD Daily Outlook – Action Forex

Daily Pivots: (S1) 1.6210; (P) 1.6259; (R1) 1.6288; More… Intraday bias in EUR/AD is back on the downside with breach of 1.6216 support. Current 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...

EUR/GBP Daily Outlook – Action Forex

EUR/GBP Daily Outlook – Action Forex

Daily Pivots: (S1) 0.8547; (P) 0.8566; (R1) 0.8577; More… Intraday bias in EUR/GBP remains on the downside for 0.8259 support. Decisive break there will suggest that larger down trend is ready to resume through 0.8491/7 support one. On the upside, above 0.8579 minor...