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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...

Gold Unlocks Another Record High

Gold Unlocks Another Record High

Gold advances above sideways channel 20- and 50-day SMAs tick up MACD and RSI suggest more upside pressure Next target at 261.8% Fibo extension of 2,515 Gold prices skyrocketed to another fresh high of 2,450 earlier in the day, currently holding above the previous...

eToro, Arabesque AI launch new portfolio

eToro, Arabesque AI launch new portfolio

Online broker eToro has partnered with Arabesque AI, an investment advisory and technology company, to launch a new Sharia-compliant portfolio for users in the Middle East. Named ShariaAI-Growth, the portfolio leverages Arabesque’s AI technology and bank of...

Gold Hits New Record High

Gold Hits New Record High

On 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 investor demand for safe-haven...

BoE’s Broadbent: Summer rate cut possible

BoE’s Broadbent: Summer rate cut possible

In a speech today, BoE Deputy Governor Ben Broadbent indicated that if current forecasts hold, which suggest that monetary policy will need to become “less restrictive at some point”, a rate cut could occur “over the summer”. Broadbent noted that the direct impact of...

Ind-RA, BFSI News, ET BFSI

Ind-RA, BFSI News, ET BFSI

India Ratings and Research expects the country's GDP growth rate for the March quarter at 6.2 per cent and around 6.9-7 per cent for the 2023-24 fiscal, its principal economist Sunil Kumar Sinha said. The GDP numbers for the fourth quarter (January-March 2024) and the...

Could RBNZ Support Kiwi’s Recent Strength?

Could RBNZ Support Kiwi’s Recent Strength?

RBNZ meets on Wednesday, no rate change expected Quarterly forecasts and press statement will be closely scrutinized Press conference to gain interest if RBNZ turns dovish Kiwi’s recent run against the dollar could be under threat Third RBNZ meeting in 2024 The...

Use Cases of Machine Learning in Finance

Use Cases of Machine Learning in Finance

The changing definitions of customer experiences in the domain of financial services have led to growing demand for better solutions in financial analysis, forecasting, and financial engineering. With the rising adoption of machine learning in finance, it is important...

EUR/JPY Daily Outlook – Action Forex

EUR/JPY Daily Outlook – Action Forex

Daily Pivots: (S1) 168.87; (P) 169.10; (R1) 169.42; More… EUR/JPY’s rise from 1.6401 resumed by breaking 169.38 and intraday bias is back on the upside. This rally, as the second leg of the corrective pattern from 171.58, should target this high next. On the downside,...

Latest news on Russia and the war in Ukraine

Latest news on Russia and the war in Ukraine

Russian oil refinery damaged after weekend attack from Ukraine, state media reportsRussia's Slavyansk oil refinery was damaged in a drone attack from Ukraine over the weekend, Russian state news agency Tass reported on Monday."There is damage. Their scale and size...

GBP/JPY Daily Outlook – Action Forex

GBP/JPY Daily Outlook – Action Forex

Daily Pivots: (S1) 197.03; (P) 197.45; (R1) 198.10; More… Intraday bias in GBP/JPY stays on the upside at this point. Rise from 191.34, as the second leg of the corrective pattern from 200.53, should target this high next. On the downside, firm break of 195.02 will...

FX option expiries for 20 May 10am New York cut

FX option expiries for 20 May 10am New York cut

There are a couple to take note of on the day, as highlighted in bold.The first ones are for EUR/USD at 1.0875 and 1.0900. That is likely to keep price action more compact in that range on the day, considering little to work with in European trading as well. It's a...

The year of AI PCs

The year of AI PCs

Microsoft Chief Executive Officer (CEO) Satya Narayana Nadella speaks at a live Microsoft event in the Manhattan borough of New York City, October 26, 2016.Lucas Jackson | ReutersMicrosoft's Build developer conference kicks off on Tuesday, giving the company the...

Forex and Cryptocurrency Forecast – Action Forex

Forex and Cryptocurrency Forecast – Action Forex

EUR/USD: Weak Inflation = Weak USD The American currency suffered two significant blows last week. Although these were not knockdowns, let alone knockouts, these minor shocks pushed the DXY Dollar Index down from 105.26 to 104.20 points, and EUR/USD up from 1.0766 to...

The Weekly Bottom Line: Inflation Breaks Its Heat Streak

The Weekly Bottom Line: Inflation Breaks Its Heat Streak

U.S. Highlights After three consecutive months of hotter-than-expected inflation, consumer prices in the U.S. finally broke the heat streak in April, with headline and core inflation decelerating. Retail sales also lost momentum in April, with spending coming in flat...

EUR/AUD Weekly Outlook – Action Forex

EUR/AUD Weekly Outlook – Action Forex

EUR/AUD stayed in sideway trading above 1.6216 last week and outlook is unchanged. Initial bias remains neutral this week first and further decline is expected. Break of 1.6216 will resume the fall from 1.6742, as the third leg of the corrective pattern from 1.7062....

EUR/GBP Weekly Outlook – Action Forex

EUR/GBP Weekly Outlook – Action Forex

EUR/GBP’s fall last week argues that rebound from 0.8529 has completed at 0.8619 already. Initial bias remain the downside this week for 0.8529 support first. Decisive break there will that larger down trend is ready to resume through 0.8491/7 support one. On the...

EUR/JPY Weekly Outlook – Action Forex

EUR/JPY Weekly Outlook – Action Forex

EUR/JPY retreated after rising further to 169.38 last week but then recovered. Initial bias remains neutral this week first, and further rise is expected. Break of 169.38 will resume the rally from 164.01, as the second leg of the corrective pattern from 171.58,...

Companies lean on sports after Hollywood strikes

Companies lean on sports after Hollywood strikes

Brock Purdy #13 of the San Francisco 49ers prepares to take a snap in the first quarter against the Kansas City Chiefs0 during Super Bowl LVIII at Allegiant Stadium on February 11, 2024 in Las Vegas, Nevada. Michael Reaves | Getty ImagesMedia giants relied on sports...

USD/CAD Weekly Outlook – Action Forex

USD/CAD Weekly Outlook – Action Forex

USD/CAD edged lower to 1.3589 last week but recovered. Initial bias remains neutral this week first. Further decline is in favor as long as 1.3689 resistance holds. Break of 1.3589 will resume whole fall from 1.3845 and target 100% projection of 1.3845 to 1.3608 from...

AUD/USD Weekly Report – Action Forex

AUD/USD Weekly Report – Action Forex

AUD/USD’s rally from 0.6361 resumed last week but retreated after hitting 0.6713. Initial bias remains neutral for some consolidations. Further rally is expected as long as 0.6578 support holds. As noted before, fall from 0.6870 has probably completed with three waves...

DFS Secretary, BFSI News, ET BFSI

DFS Secretary, BFSI News, ET BFSI

New Delhi: There is a need to review and rationalise the schemes running for micro, small and medium enterprises to increase their reach, said Vivek Joshi, secretary, department of financial services, ministry of finance. There are over 300 schemes for MSMEs run by...

USD/CHF Weekly Outlook – Action Forex

USD/CHF Weekly Outlook – Action Forex

USD/CHF rebounded strongly after edging lower to 0.8987 last week, but upside is capped below 0.9101 resistance. Initial bias stays neutral this week first. On the upside, firm break of 0.9101 will argue that corrective fall from 0.9223 has completed with three waves...

GBP/USD Weekly Outlook – Action Forex

GBP/USD Weekly Outlook – Action Forex

GBP/USD’s rise from 1.2298 resumed by breaking through 1.2633 last week. Initial bias is now on the upside this week. Firm break of 1.2708 resistance will target 100% projection of 1.2298 to 1.2633 from 1.2445 at 1.2780. On the downside, below 1.2642 minor support...

EUR/USD Weekly Outlook – Action Forex

EUR/USD Weekly Outlook – Action Forex

EUR/USD’s rally from 1.0601 resumed last week and further to 1.0894 before retreating. Initial bias remains neutral this week for consolidations first. Further rally is expected as long as 1.0810 resistance turned support holds. Break of 1.0894 will resume the rise to...

USD/JPY Weekly Outlook – Action Forex

USD/JPY Weekly Outlook – Action Forex

USD/JPY fell sharply after edging higher to 156.78 but recovered again after hitting 153.59. Initial bias remains neutral this week first. 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...

GBP/JPY Weekly Outlook – Action Forex

GBP/JPY Weekly Outlook – Action Forex

GBP/JPY’s rebound from 191.34 continued last week despite interim retreat. Initial bias stays on the upside this week for 200.53 resistance. On the downside, break of 195.02 support will argue that corrective pattern from 200.53 has started the third leg already, and...

EUR/CHF Weekly Outlook – Action Forex

EUR/CHF Weekly Outlook – Action Forex

EUR/CHF’s rally from 0.9252 resumed by breaking through 0.9847 resistance last week. Initial bias stays on the upside this week for 61.8% projection of 0.9304 to 0.9847 from 0.9563 at 0.9899. Decisive break there could prompt upside acceleration to 100% projection at...

Mercedes-Benz workers in Alabama vote against union

Mercedes-Benz workers in Alabama vote against union

United Auto Workers (UAW) members and supporters on a picket line outside the ZF Chassis Systems plant in Tuscaloosa, Alabama, US, on Wednesday, Sept. 20, 2023.Andi Rice | Bloomberg | Getty ImagesMercedes-Benz workers in Alabama have voted against union representation...

Summary 5/20 – 5/24

Summary 5/20 – 5/24

Monday, May 20, 2024 Tuesday, May 21, 2024 Wednesday, May 22, 2024 Thursday, May 23, 2024 Friday, May 24, 2024 The post Summary 5/20 – 5/24 appeared first on Action Forex.

Ripple Releases Q1 2024 XRP Markets Report

Ripple Releases Q1 2024 XRP Markets Report

Ripple, the blockchain-based payment protocol and cryptocurrency creator, has released its Q1 2024 XRP Markets Report, providing insights into the state of crypto markets, relevant XRP Ledger and XRP-related announcements, as well as...

GBPJPY Ascends as BoJ is on the Lookout

GBPJPY Ascends as BoJ is on the Lookout

GBPJPY in the green again, returns to pre-intervention levels Increasing possibility of another BoJ intervention Momentum indicators remain mostly bullish GBPJPY is edging higher again today, recording its ninth green candle in the last 10 sessions. The bearish...

Euro Edges Lower Despite Positive Inflation Report

Euro Edges Lower Despite Positive Inflation Report

The euro has posted slight losses on Friday. EUR/USD is down 0.28%, trading at 1.0837 in the North American session at the time of writing. Eurozone CPI steady, core CPI falls The April inflation report showed that headline inflation remained steady at 2.4% y/y,...

S&P 500 Index Hits Record High Amidst Lower Inflation

S&P 500 Index Hits Record High Amidst Lower Inflation

The US stock market has surged to new heights, with the S&P 500 index reaching a record high of 5,325 points and the DJIA index touching 40,000 points. Investors are experiencing euphoria, spurred by the unexpectedly low US inflation figures released earlier....

EUR/USD Mid-Day Outlook – Action Forex

EUR/USD Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 1.0850; (P) 1.0872; (R1) 1.0890; More… EUR/USD is staying in consolidation below 1.0894 and intraday bias stays neutral at this point. Further rally is expected as long as 1.0765 support holds. Break of 1.0894 will resume the rise from 1.0601 to...

OpenAI dissolves Superalignment AI safety team

OpenAI dissolves Superalignment AI safety team

OpenAI has disbanded its team focused on the long-term risks of artificial intelligence just one year after the company announced the group, a source familiar with the situation confirmed to CNBC on Friday.The person, who spoke on condition of anonymity, said that...

GBP/USD Mid-Day Outlook – Action Forex

GBP/USD Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 1.2642; (P) 1.2672; (R1) 1.2699; More… GBP/USD is staying in consolidation below 1.2669 and intraday bias remains neutral. Further rally is expected as long as 1.2445 support holds. Break of 1.2708 resistance will pave the way to 1.2892 resistance...

USD/CHF Mid-Day Outlook – Action Forex

USD/CHF Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 0.9013; (P) 0.9038; (R1) 0.9088; More…. Intraday bias in USD/CHF stays neutral at this point. Further decline is expected as long as 0.9101 resistance holds. Break of 0.8987 will resume the whole fall from 0.9223 and target 38.2% retracement of...

USD/JPY Mid-Day Outlook – Action Forex

USD/JPY Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 154.15; (P) 154.84; (R1) 156.08; More… Intraday bias in USD/JPY remains 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,...

Boeing CEO Dave Calhoun reelected to board

Boeing CEO Dave Calhoun reelected to board

Boeing CEO Dave Calhoun speaks briefly with reporters as he arrives for a meeting at the office of Sen. Mark Warner (D-VA) on Capitol Hill January 24, 2024 in Washington, DC. Drew Angerer | Getty ImagesBoeing shareholders voted to re-elect the outgoing CEO Dave...

Justice urged to leave Trump election case

Justice urged to leave Trump election case

Associate Justice Samuel Alito poses during a group photo of the Justices at the Supreme Court in Washington, April 23, 2021.Erin Schaff | Pool | ReutersThe chair of the Senate Judiciary Committee on Friday urged Supreme Court Justice Samuel Alito to recuse himself...

Sunset Market Commentary – Action Forex

Sunset Market Commentary – Action Forex

Markets Several ECB policymakers hit the wires today, including Holzmann, de Guindos and heavyweight Schnabel. As a loyal hawk it was no surprise for Holzmann to caution against easing before the central bank is certain of inflation’s return to 2%. De Guindos stuck to...

ICE Midland WTI crude futures hit highest volume day

ICE Midland WTI crude futures hit highest volume day

Intercontinental Exchange, Inc. (NYSE:ICE) today announced that its ICE Midland WTI (ICE:HOU) crude futures contract hit its highest volume day on May 13, 2024, with over 100,000 contracts traded. The volume activity follows records set in the HOU futures contract in...

What Does My New Health Insurance Mean for My Taxes?

What Does My New Health Insurance Mean for My Taxes?

In an effort to keep health insurance premiums more affordable, switching policies has become practically an annual event. This is true with many employer-sponsored plans, but you might even make a switch to an individual plan. Chances are, you began 2024 with a new...

Private deals for mansions, art and cars on the rise

Private deals for mansions, art and cars on the rise

A version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.The rich have taken "quiet wealth" to a new level,...

GBPNZD braces for double risk cocktail :: InvestMacro

GBPNZD braces for double risk cocktail :: InvestMacro

RBNZ decision & UK CPI in focusNZD best performing G10 currency MTDGBPNZD trapped in 1500 pip rangePrices bearish on D1 chartsBloomberg FX model: 76% GBPNZD – (2.0510 – 2.0924)High impact events ranging from central bank decisions, key inflation data and speeches...

Crypto Market Ready to Grow Further

Crypto Market Ready to Grow Further

Market picture The crypto market cooled off on Thursday afternoon, but on Friday morning, buyers stepped up again, bringing capitalisation back to levels from the day before at $2.39 trillion. Strong growth was followed by rapid profit-taking, which is a necessary...

After Surpassing $30, Silver May Aim for $50

After Surpassing $30, Silver May Aim for $50

Silver climbed above $29.8, rewriting the highs from January 2021, but once again faced selling intensification from that level for the first time in four years and has pulled back to $29.40 at the time of writing. Silver does not look overheated, as it is only now...

Australian Dollar Hits 4-month High

Australian Dollar Hits 4-month High

The Australian dollar is lower on Friday. AUD/USD is currently trading at 0.6658 in the European session, down 0.31% on the day. The Aussie touched a high of 0.6714 on Thursday, its highest level since January 10th. This followed a massive 1% surge on Wednesday after...

Pound Edges Lower, Markets Eye FedSpeak

Pound Edges Lower, Markets Eye FedSpeak

The British pound is down slightly on Friday. GBP/USD is down 0.14%, trading at 1.2648 in the European session at the time of writing. It has been a good week for the pound, which has gained 1% against the US dollar. Wednesday’s inflation release showed CPI dipping in...

Calm Before Storm for WTI Oil Futures?

Calm Before Storm for WTI Oil Futures?

WTI oil futures hold near recent lows; develop within narrow neutral structure Technical signals indicate improving sentiment, but downside risks could emerge near 80.80 Despite occasional drops, WTI oil futures remained squeezed within the 78.00-80.00 area and...

A virtual hold for a real crime, BFSI News, ET BFSI

A virtual hold for a real crime, BFSI News, ET BFSI

Mumbai: Amid suspicions that money robbed in a cyber attack and laundered are parked in cryptos, the idea of a 'designated official wallet' to hold and ring fence crypto currencies bought with the proceeds of crime has cropped up.Soon after a transaction by a scammer...

HKMA, PBoC expand e-CNY pilot

HKMA, PBoC expand e-CNY pilot

The Hong Kong Monetary Authority (HKMA) and the People’s Bank of China (PBoC) have made further progress in the e-CNY pilot for cross-border payments and will expand the scope of e-CNY pilot in Hong Kong to facilitate the set up and the use of e-CNY wallets by Hong...

Eurozone CPI finalized at 2.4% in Apr, core CPI at 2.7%

Eurozone CPI finalized at 2.4% in Apr, core CPI at 2.7%

Eurozone CPI was finalized at 2.4% yoy in April, unchanged from March’s reading. CPI core (ex-energy, food, alcohol & tobacco) was finalized at 2.7% yoy, down from prior month’s (2.9% yoy). The highest contribution to the annual Eurozone inflation rate came from...

Why You Should Get an AI Certification in 2024?

Why You Should Get an AI Certification in 2024?

Artificial intelligence is a revolutionary technological trend that you must have come across in science fiction. However, AI is more than the robots planning to take over the world. As a matter of fact, AI has become an important part of our lives and has changed...

SBI Holdings invests in Chainstack

SBI Holdings invests in Chainstack

SBI Holdings, Inc. today announced its investment in Chainstack Pte. Ltd., a company providing blockchain nodes’ services, through SBI-Sygnum-Azimut Digital Asset Opportunity Fund. Chainstack, founded in 2019 in Singapore, is a Web3 infrastructure provider that offers...

Canada Goose (GOOS) Q4 earnings report 2024

Canada Goose (GOOS) Q4 earnings report 2024

Chris So | Toronto Star | Getty ImagesShares of Canada Goose surged 16% on Thursday after the company reported earnings for the fiscal fourth quarter and announced it was expecting year-over-year sales growth for fiscal year 2025.Here's how the company did:Earnings...

Latest news on Russia and the war in Ukraine

Latest news on Russia and the war in Ukraine

Zelenskyy says situation in Kharkiv region 'stabilized' after Russian forces make significant gainsUkraine's President Volodymyr Zelensky waits to greet US Secretary of State prior to their meeting in Kyiv on May 14, 2024. Brendan Smialowski | AFP | Getty...

Spotware Systems rolls out cTrader Mobile 5.0

Spotware Systems rolls out cTrader Mobile 5.0

Fintech company Spotware Systems has rolled out the latest version of the cTrader Mobile app for iOS-based and Android-based devices. cTrader Mobile 5.0 delivers the new Algo application to your device. Start cBots in Cloud, and they will be able to trade 24/7 even if...

FX option expiries for 17 May 10am New York cut

FX option expiries for 17 May 10am New York cut

There are a couple to take note of, as highlighted in bold.And they are for EUR/USD at 1.0850 and 1.0875 on the day. The former especially is a relatively large one, which should help to contain price action around current levels in European morning trade. That should...

FDA approves Amgen small cell lung cancer treatment

FDA approves Amgen small cell lung cancer treatment

The Amgen headquarters in Thousand Oaks, California.Eric Thayer | Bloomberg | Getty ImagesThe Food and Drug Administration on Thursday approved Amgen's therapy for patients with the most deadly form of lung cancer. The agency cleared the drug, which will be marketed...

Crypto Market Shakes Off Consolidation

Crypto Market Shakes Off Consolidation

Market picture The release of US inflation data sparked a surge in risk asset purchases, with cryptocurrencies leading the charge. This follows a period of prolonged consolidation, which provided enough pent-up energy to fuel increased volatility. Over the past 24...

NBA TV rights deal hinges on Warner Bros Discovery

NBA TV rights deal hinges on Warner Bros Discovery

NBA Commissioner Adam Silver speaks to the media during a press conference as part of the 2022 All-Star Weekend at Rocket Mortgage Fieldhouse on February 19, 2022 in Cleveland, Ohio.Jason Miller | Getty ImagesWhether it's two people in a marriage or a company and a...

Figma tender offer values company at $12.5 billion

Figma tender offer values company at $12.5 billion

Dylan Field, co-founder and CEO of Figma, speaks at the startup's Config conference in San Francisco on May 10, 2022.FigmaFigma, a cloud-based design tool company, said Thursday it will allow investors, including current and former employees, to sell their shares in a...

Australian Dollar Surges After US Inflation Ease

Australian Dollar Surges After US Inflation Ease

The Australian dollar is lower on Thursday after surging 0.98% a day earlier. AUD/USD is currently trading at 0.6671, down 0.33% on the day. Australian job growth rebounds but unemployment rate rises Australian employment bounced back in April with an increase of...

Perks for Trump top donors during GOP Convention

Perks for Trump top donors during GOP Convention

ANAHEIM, CALIFORNIA - SEPTEMBER 29: Former U.S. President Donald Trump Former U.S. President Donald Trump speaks at the California GOP convention on September 29, 2023 in Anaheim, California. Presidential candidates set to speak at the convention include former...

Grocery sales rise as fast food prices increase

Grocery sales rise as fast food prices increase

Getty Images (L) | Reuters (R)Forget the drive-thru. Walmart wants diners to find a value meal in its grocery aisles.As fast food gets pricier, the nation's largest grocer sees a sales opportunity.On a call with CNBC on Thursday, Walmart Chief Financial Officer John...

USD/CHF Mid-Day Outlook – Action Forex

USD/CHF Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 0.9001; (P) 0.9036; (R1) 0.9057; More…. Intraday bias in USD/CHF is turned neutral again first with current recovery. But further decline is expected as long as 0.9101 resistance holds. Break of 0.8987 will resume the whole fall from 0.9223 and...

USD/JPY Mid-Day Outlook – Action Forex

USD/JPY Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 154.21; (P) 155.38; (R1) 156.08; More… Intraday bias in USD/JPY is turned neutral with current recovery. Outlook is unchanged that fall from 156.78 is seen as the third leg of the corrective pattern from 160.20 high. Below 153.59 will target 151.86...

GBP/USD Mid-Day Outlook – Action Forex

GBP/USD Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 1.2610; (P) 1.2648; (R1) 1.2725; More… Intraday bias in GBP/USD remains on the upside for the moment. Rise from 1.2298 is in progress. Firm break of 1.2780 will pave the way to 1.2892 resistance next. On the downside, below 1.2624 minor support will...

Tickmill launches Interest Rate Offering

Tickmill launches Interest Rate Offering

Tickmill, a leading multi-regulated broker with a global presence, has announced its interest rate offering, which enables clients to earn interest on their unused funds. This initiative highlights Tickmill’s client-oriented approach and commitment to providing...

EUR/USD Mid-Day Outlook – Action Forex

EUR/USD Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 1.0783; (P) 1.0804; (R1) 1.0842; More… Intraday bias in EUR/USD remains on the upside for the moment. Current rise from 1.0601 is in progress for 1.0980 resistance. Decisive break there will confirm that whole fall from 1.1138 has completed already....

JPY has sharply strengthened :: InvestMacro

JPY has sharply strengthened :: InvestMacro

By RoboForex Analytical DepartmentThe yen’s exchange rate rose to the US dollar on Thursday in response to improving prospects for the Federal Reserve interest rate. The USDJPY pair has declined to 153.88.After the US released up-to-date data on April inflation, the...

Wayfair to open first large store outside of Chicago

Wayfair to open first large store outside of Chicago

Wayfair store in Wilmette, Illinois.Courtesy: WayfairWhat retail apocalypse?Online home goods retailer Wayfair is opening its first namesake store, near Chicago, following a string of other digitally native companies that have turned to brick-and-mortar for growth. In...

Sunset Market Commentary – Action Forex

Sunset Market Commentary – Action Forex

Markets Since the May 1 Fed decision/communication dominos fell in place for markets to embrace a correction on the April higher-for-long rally in US (and broader) yields. Despite US inflation holding sticky, Fed Chair Powell ‘reassured’ markets that policy was tight...

FSA or HSA: Which Offers the Best Tax Advantages?

FSA or HSA: Which Offers the Best Tax Advantages?

Flexible Spending Accounts (FSA) and Health Savings Accounts (HSA) are two types of programs designed to provide tax advantages while paying for healthcare costs. These programs allow you to pay qualifying out-of-pocket expenses for health care with tax-free dollars. ...

USD/JPY Steady as Japanese Economy Contracts

USD/JPY Steady as Japanese Economy Contracts

The Japanese yen climbed as much as 0.85% earlier on Thursday but has pared most of those gains. USD/JPY is trading at 155.38, up 0.31% in the European session. Japan’s economy contracted in the first quarter. GDP declined by 2% y/y in the first quarter, following a...

Gold Retreats After Hitting Upper Bollinger Band

Gold Retreats After Hitting Upper Bollinger Band

Gold remains bullish in near term RSI moves horizontally below 70 level Gold prices recorded their second session of losses in the 4-hour chart after a failed attempt to break significantly above the 2,400 round level. Chances for a reversal are increasing as the RSI...

Under Armour (UAA) earnings Q4 2024

Under Armour (UAA) earnings Q4 2024

Under Armour announced a broad restructuring plan on Thursday as it said sales in its largest market, North America, plunged 10% and predicted the trend will get worse throughout its current fiscal year. The athletic apparel retailer also saw profits sink by more than...

USDInd, Soybean & EU50 hit targets! :: InvestMacro

USDInd, Soybean & EU50 hit targets! :: InvestMacro

USDInd bears take home 600 points!Soybean: No fireworks but H1 bullish target hit!EU50 secures ALL 4 bearish targetsThe recent resurgence of the meme-stock mania and cooling US inflation data have certainly made this an eventful week for markets!And more volatility...

ECB’s Centeno: Interest rate will come down

ECB’s Centeno: Interest rate will come down

ECB Governing Council member Mario Centeno stated at a news conference today that Eurozone inflation rate’s fall towards the 2% target is “real,” and assured that the monetary policy interest rate will decrease. “The market expects that the interest rate reduction...

JPY Has Sharply Strengthened

JPY Has Sharply Strengthened

The yen’s exchange rate rose to the US dollar on Thursday in response to improving prospects for the Federal Reserve interest rate. The USDJPY pair has declined to 153.88. After the US released up-to-date data on April inflation, the likelihood of a reduction in the...

EUR/GBP Daily Outlook – Action Forex

EUR/GBP Daily Outlook – Action Forex

Daily Pivots: (S1) 0.8570; (P) 0.8585; (R1) 0.8595; More… EUR/GBP’s break of 0.8585 minor support argues that rebound from 0.8529 has completed at 0.8619. Intraday bias is back on the downside for 0.8529 support. Decisive break there will argue that larger down trend...

No longer in life-threatening condition

No longer in life-threatening condition

Slovakia's Prime Minister Robert Fico walks during the European Council summit at the EU headquarters in Brussels, on April 18, 2024. Kenzo Tribouillard | Afp | Getty ImagesSlovakia's populist Prime Minister Robert Fico is expected to survive a multiple-shot...

EUR/JPY Daily Outlook – Action Forex

EUR/JPY Daily Outlook – Action Forex

Daily Pivots: (S1) 167.99; (P) 168.70; (R1) 169.30; More… Intraday bias in EUR/JPY is turned neutral with current retreat. On the downside, break of 166.73 support will argue that corrective pattern from 171.58 has started the third leg. Deeper fall would then be seen...

GBP/JPY Daily Outlook – Action Forex

GBP/JPY Daily Outlook – Action Forex

Daily Pivots: (S1) 195.88; (P) 196.49; (R1) 197.11; More… Intraday bias in GBP/JPY is turned neutral with current retreat. On the downside, break of 194.74 support will suggest that corrective pattern from 200.53 has started the third leg. Deeper fall would be seen...

Ubisoft shares slump after guidance disappoints

Ubisoft shares slump after guidance disappoints

Shares of “Assassin’s Creed” maker Ubisoft Entertainment plunged Thursday after the group set guidance below analysts’ expectations for the current quarter, signaling a slow start to the new fiscal year following a strong fourth quarter.

Cisco (CSCO) Q3 earnings report 2024

Cisco (CSCO) Q3 earnings report 2024

Chuck Robbins, chief executive officer of Cisco, participates in a Bloomberg interview at the World Economic Forum in Davos, Switzerland, on Jan. 17, 2024.Stefan Wermuth | Bloomberg | Getty ImagesCisco reported earnings and revenue for the fiscal third quarter that...

EBS FX trades now supported in CME STP Trade View

EBS FX trades now supported in CME STP Trade View

Effective immediately, EBS FX trades are now supported in the CME STP Trade View application. CME STP Trade view has been enhanced with Profile support. EBS clients can use the predefined profile that is tailored for EBS trades and have the ability to save custom...

There’s No Such Thing as Cutting Spending

There’s No Such Thing as Cutting Spending

There's no such thing as cutting spending. No really, there's no such thing. You can't cut spending. It's impossible. So why try? It's an exercise in futility.Allow me to explain.Let’s say you come to me and say, “You know, we're spending $1,000 a month on groceries,...

AUDUSD Eases After Bullish Spike to 4-Month High

AUDUSD Eases After Bullish Spike to 4-Month High

AUDUSD jumps above trading range MACD indicates more gains; but RSI heads south 20- and 50-day SMAs post bullish cross AUDUSD posted a strong bullish day on Wednesday, showing some more upside pressure today, towards a fresh four-month high, exiting from the...

Top Web3 Expert skills required in 2024

Top Web3 Expert skills required in 2024

The transition of the world into the era of digital transformation has induced significant changes in business operations and everyday lives of people. One of the most prominent trends that has been silently transforming the technological landscape is web3. It is a...

Latest news on Russia and the war in Ukraine

Latest news on Russia and the war in Ukraine

Russia and China's relationship is more complicated than meets the eye, analysts sayRussia's relationship with superpower China is in the spotlight as President Vladimir Putin meets his Chinese counterpart Xi Jinping in Beijing.Both countries' ties with the West have...

FX option expiries for 16 May 10am New York cut

FX option expiries for 16 May 10am New York cut

There are a few to take note of, as highlighted in bold.And they are all for EUR/USD layered from 1.0845 through to 1.0900. The upper bound in particular is a notable one, acting alongside offers in pinning price action down for now. But with a thick layer of expiries...

Walmart (WMT) Q1 2025 earnings

Walmart (WMT) Q1 2025 earnings

People walk near the entrance of a Walmart store in Miami, Florida, on May 14, 2024.Joe Raedle | Getty ImagesWalmart will report earnings on Thursday, as investors look to the nation's largest retailer to gauge the health of American consumers and the strength of the...

Australian Dollar Higher, Wage Growth Dips Lower

Australian Dollar Higher, Wage Growth Dips Lower

The Australian dollar has extended its gains on Wednesday. AUD/USD is up 0.24%, trading at 0.6642 in the European session at the time of writing. Has Australia’s wage growth peaked? Australian wages rose less than expected in the first quarter, a sign that...

Match-Prime Liquidity names Michael Nichols as CCO

Match-Prime Liquidity names Michael Nichols as CCO

Match-Trade Technologies and its strategic partner Match-Prime have announced that following the opening of a representative office in Dubai at the beginning of the year, the group is making some changes in strategic management positions. Michael Nichols, who has led...

Netflix ad tier has 40 million users

Netflix ad tier has 40 million users

Rafael Enrique | Lightrocket | Getty ImagesNetflix's cheaper, ad-supported tier has amassed 40 million global monthly active users, the company said Wednesday.That's nearly double the 23 million figure the streaming giant shared in January.Separately, Netflix...

US CPI slows to 3.4% in Apr, core CPI down to 3.6%

US CPI slows to 3.4% in Apr, core CPI down to 3.6%

US CPI rose 0.3% mom in April, matched expectations. CPI core (ex food and energy) rose 0.3% mom, matched expectations. Energy index rose 1.1% mom while food index was unchanged. Over the 12-months, CPI slowed from 3.5% yoy to 3.4% yoy , matched expectations. CPI core...

USD/JPY Mid-Day Outlook – Action Forex

USD/JPY Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 156.09; (P) 156.43; (R1) 156.78; More… USD/JPY’s break of 155.25 minor support argues that rebound from 151.86 has completed already. Fall from 156.78 is seen as the third leg of the corrective pattern from 160.20 high. Intraday bias is back on the...

Trading.com to pay $50k fine to settle NFA charges

Trading.com to pay $50k fine to settle NFA charges

The United States National Futures Association (NFA) has just published information on its recent enforcement actions. On February 27, 2024, NFA’s Business Conduct Committee (BCC) issued a Complaint against Trading.com Markets Inc. (Trading.com). The Complaint charges...

USD/CHF Mid-Day Outlook – Action Forex

USD/CHF Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 0.9047; (P) 0.9074; (R1) 0.9094; More…. USD/CHF is holding above 0.9005 support and intraday bias remains neutral first. Further decline is expected as long as 0.9101 resistance holds. On the downside, break of 0.9005 will resume the fall from...

GBP/USD Mid-Day Outlook – Action Forex

GBP/USD Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 1.2538; (P) 1.2565; (R1) 1.2621; More… GBP/USD’s rebound from 1.2298 resumed by breaking through 1.2633 and intraday bias is back on the upside. Further rise should be seen to 1.2708 resistance first. Firm break there will pave the way back to...

Sei V2 Launch: A Comprehensive Guide

Sei V2 Launch: A Comprehensive Guide

Introducing the Sei V2 LaunchThe highly anticipated Sei V2, a proposed upgrade to the live blockchain, is on the horizon. This upgrade is expected to bring the first highly performant parallelized EVM into production, pending a Governance...

EUR/USD Mid-Day Outlook – Action Forex

EUR/USD Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 1.0783; (P) 1.0804; (R1) 1.0842; More… Intraday bias in EUR/USD remains on the upside as rise from 1.0601 is in progress. Firm break of 1.0884 will pave the way to 1.0980 resistance next. On the downside, below 1.0812 minor support will turn...

U.S. Retail Sales Starts Q2 on a Subdued Note

U.S. Retail Sales Starts Q2 on a Subdued Note

Retail sales came in flat for the month of April. Additionally, March’s growth was revised downward to a 0.6 % gain (previously 0.7%). The reading was lower than the consensus forecast calling for a modest increase of 0.4% Trade in the auto sector was down -0.8% m/m,...

Nio’s Onvo brand undercuts Tesla Model Y

Nio’s Onvo brand undercuts Tesla Model Y

Chinese electric car company Nio launched its lower-cost brand Onvo on Wednesday, May 15, 2024, in Shanghai, China.CNBC | Evelyn ChengSHANGHAI — Chinese electric car company Nio revealed Wednesday that the first car for its new, lower-priced brand, Onvo, will be about...

Finalto unveils new offices in Singapore

Finalto unveils new offices in Singapore

Finalto Asia Pte Ltd has announced its relocation to a new office at 79 Anson Road UE BizHub, Singapore. The company said that this expansion underscores Finalto’s commitment to strengthening its presence in Asia and its dedication to being a truly global financial...

What Income is Taxable and Non-Taxable?

What Income is Taxable and Non-Taxable?

Although our tax system can be complex in some situations, it can also be quite straightforward. You are liable for taxes on your taxable income, and how much you owe is based on the kind of income you have. Most income is taxable income, but there is non-taxable...

What Is Form 2553? Become an S-Corp

What Is Form 2553? Become an S-Corp

As a business owner, you have many responsibilities, especially when you’re starting a new business. One of the first things you have to do is select a tax classification for your business or entity. If you want to classify your business as an S corporation (known as...

April CPI: It’s a Start

April CPI: It’s a Start

Summary The first CPI report of Q2 should be seen as welcome news by the FOMC. The headline CPI rose 0.3% in April, a tenth below consensus expectations, while the core CPI also increased 0.3%, in line with expectations but a downshift from the pace registered in Q1....

Binance Introduces Spot Copy Trading Feature

Binance Introduces Spot Copy Trading Feature

Binance Launches Spot Copy Trading In a significant move, Binance, one of the world's leading cryptocurrency exchanges, has launched Spot Copy Trading. Available on both the Binance website and Binance App, this feature enables users,...

Sunset Market Commentary

Sunset Market Commentary

Markets Counting down to the key US CPI release, markets clearly positioned for an outcome that kept the door open for a Fed rate cut post summer holidays. US yields already declined about 2.0-3.5 bps in the run-up to the data release. US inflation indeed printed on...

NZDUSD Rallies Beyond Downtrend Line

NZDUSD Rallies Beyond Downtrend Line

NZDUSD rises above 200-day SMA too RSI and stochastics suggest more bullish moves NZDUSD is flying above the medium-term ascending trend line and the 200-day simple moving average (SMA), indicating a potential upside recovery. According to the technical oscillators,...

Opening statements in corruption case

Opening statements in corruption case

U.S. Senator Robert Menendez (D-NJ), arrives at Federal Court, for his bribery trial in connection with an alleged corrupt relationship with three New Jersey businessmen, in New York City, U.S., May 14, 2024. Brendan Mcdermid | ReutersProsecutors and defense attorneys...

Walgreens to offer cheaper opioid overdose drug

Walgreens to offer cheaper opioid overdose drug

A person rides past a Walgreens truck, owned by the Walgreens Boots Alliance, in Manhattan, New York City, on Nov. 26, 2021.Andrew Kelly | ReutersWalgreens on Wednesday said it will offer its own cheaper version of the over-the-counter opioid overdose reversal spray...

Can Australian Labour Data Send Aussie Higher?

Can Australian Labour Data Send Aussie Higher?

Forecasts suggest higher unemployment rate Employment change expected to tick higher Aussie holds within trading range, data due on Thursday at 01:30 GMT Upon being dissatisfied with the RBA’s choice to adopt a neutral position, Australian dollar traders will now...

Matured Altcoins Losing Strength – Action Forex

Matured Altcoins Losing Strength – Action Forex

Market Picture Neither the meme mania in equities, the overall positivity in stock indices, nor the weakening dollar seems to be helping cryptocurrencies right now. Crypto market capitalisation is down 0.1% and has been moving around the current $2.29 trillion level...

GBP/JPY Daily Outlook – Action Forex

GBP/JPY Daily Outlook – Action Forex

Daily Pivots: (S1) 196.12; (P) 196.59; (R1) 197.45; More… Intraday bias in GBP/JPY stays on the upside at this point. Rebound from 191.34 is seen as the second leg of the corrective pattern from 200.53. Break of 197.40 will target 200.53 high. But upside should be...

EUR/USD Sees Green as USD/JPY Gains Bullish Traction

EUR/USD Sees Green as USD/JPY Gains Bullish Traction

EUR/USD is slowly gaining traction above the 1.0800 level. USD/JPY trimmed almost all losses and showing positive signs above 156.20. Important Takeaways for EUR/USD and USD/JPY Analysis Today The Euro started a decent increase above the 1.0750 pivot level. There is a...

Gemini AI updates, new search features and more

Gemini AI updates, new search features and more

Google CEO Sundar Pichai speaks at the Google I/O developer conference. Andrej Sokolow | Picture Alliance | Getty ImagesGoogle on Tuesday hosted its annual I/O developer conference, and rolled out a range of artificial intelligence products, from new search and chat...

Trump oil CEOs dinner: House Democrat probe

Trump oil CEOs dinner: House Democrat probe

Rep. Jamie Raskin (D-MD) speaks during a House Committee on Oversight and Accountability hearing on Capitol Hill in Washington, DC, on September 28, 2023.Mandel Ngan | AFP | Getty ImagesThe House Oversight Committee's top Democrat asked oil executives to reveal...

Russia wants 3 things from China, says FPRI

Russia wants 3 things from China, says FPRI

Russian President Vladimir Putin's meeting with Chinese leader Xi Jinping in China this week is the latest sign of deepening strategic ties between both sides.   Putin will make a two-day state visit to China from Thursday at the invitation of Xi, it was announced on...

TradingView introduces Volume footprint chart type

TradingView introduces Volume footprint chart type

TradingView has added Volume footprint to the lineup of chart types. The new Volume footprint chart type for Premium and higher-tier plans shows the distribution of trading volume across several price levels within each bar. The information from this chart type helps...

Investors ‘most bullish’ since Nov 2021

Investors ‘most bullish’ since Nov 2021

Expectations over interest rate cuts rather than earnings optimism has made investors the "most bullish" since November 2021, Bank of America's monthly fund manager survey for May showed on Tuesday.The survey of global fund managers with $562 billion in asset under...

USDJPY Waits for Next Tailwind Near Key Barrier

USDJPY Waits for Next Tailwind Near Key Barrier

USDJPY bulls face limitations ahead of the US CPI inflation figures Short-term risk tilted to the upside, but confirmation required above 156.60 USDJPY recouped more than half of its sharp losses that occurred at the start of the month thanks to the bounce off the...

Latest news on Russia and the war in Ukraine

Latest news on Russia and the war in Ukraine

Putin pitches the West as Russia's and China's mutual enemy ahead of talks with XiRussia's President Vladimir Putin has pitched the West and what he called "U.S.-led Western elites" as a mutual enemy of Russia and China, ahead of a two-day visit to Beijing where he...

Robinhood Crypto launches Staking in Europe

Robinhood Crypto launches Staking in Europe

US neobroker Robinhood (NASDAQ:HOOD) has announced that its Robinhood Crypto unit has launched a series of new features specifically designed for its customers in Europe, including staking (the crypto equivalent of interest on deposits), localized apps, crypto rewards...

FX option expiries for 15 May 10am New York cut

FX option expiries for 15 May 10am New York cut

There are a couple to take note of, as highlighted in bold.The first being for EUR/USD at the 1.0825 level, which should just help to keep price action more sticky until we get to the slew of US data later. Similarly, there are ones for USD/JPY at 156.00 and AUD/USD...

JPY Declines Again – Action Forex

JPY Declines Again – Action Forex

The Japanese yen is declining against the US dollar for the seventh consecutive session. The USDJPY pair is approaching the 156.40 mark. Japan’s government is poised for close cooperation with the Bank of Japan on currency market issues. This is needed to avoid...

Capital.com names Rupert Osborne as UK CEO

Capital.com names Rupert Osborne as UK CEO

Continuing to remake its senior management ranks following the departure last year of CEO Peter Hetherington, Retail FX and CFDs broker Capital.com has announced the appointment of Rupert Osborne as CEO of Capital Com UK Limited (Capital.com UK), subject to regulatory...

EUR/USD Steady as German Confidence Index Rises

EUR/USD Steady as German Confidence Index Rises

The euro is drifting on Tuesday. EUR/USD is up 0.07% on Tuesday, trading at 1.0798 in the European session at the time of writing. German inflation steady, confidence higher Germany’s inflation rate remained unchanged in April at 2.2% y/y, matching the market...

EUR/USD Mid-Day Outlook – Action Forex

EUR/USD Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 1.0768; (P) 1.0788; (R1) 1.0809; More… EUR/USD is still staying in range below 1.0810 and intraday bias remains neutral at this point. Further rally is in favor as long as 1.0723 minor support holds. On the upside, break of 1.0810 will resume the...

GBP/USD Mid-Day Outlook – Action Forex

GBP/USD Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 1.2526; (P) 1.2547; (R1) 1.2581; More… GBP/USD is staying in range below 1.2633 and intraday bias remains neutral. Further rise is mildly in favor with 1.2445 support intact. On the upside, break of 1.2633 will resume the rally from 1.2298 to 1.2708...

USD/CHF Mid-Day Outlook – Action Forex

USD/CHF Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 0.9057; (P) 0.9072; (R1) 0.9099; More…. Intraday bias in USD/CHF stays neutral and further decline is in favor as long as 55 4H EMA (now at 0.9083) holds. On the downside, break of 0.9005 and sustained trading below 55 D EMA (now at 0.9010) will...

JPY declines again :: InvestMacro

JPY declines again :: InvestMacro

By RoboForex Analytical DepartmentThe Japanese yen is declining against the US dollar for the seventh consecutive session. The USD/JPY pair is approaching the 156.40 mark.Japan’s government is poised for close cooperation with the Bank of Japan on currency market...

Sunset Market Commentary – Action Forex

Sunset Market Commentary – Action Forex

Markets Both interest rate markets and the dollar held a wait-and-see mode this morning with EMU bonds slightly underperforming the US Treasuries. German ZEW investors sentiment again improved more than expected (expectations index from 42.9 to 47.1, the 10th...

3 Ways to Look Up Your EIN Number

3 Ways to Look Up Your EIN Number

The IRS identifies taxpayers by their Social Security numbers, but what about businesses? From small businesses to corporations, every business has an Employer Identification Number — or EIN. When tax season arrives, you need your EIN number to file your business...

On breakout watch :: InvestMacro

On breakout watch :: InvestMacro

Soybean ↑ 5% month-to-dateInfluenced by various fundamentalsTrapped in range on W1 timeframeKey levels at 1211, 1188, 1170After bouncing within a weekly range since mid-January, FXTM’s new Soybean commodity could be on the brink of a major breakout!Prices are flirting...

Prosecutors ask judge to lift jail stay

Prosecutors ask judge to lift jail stay

Former US President Donald Trump's adviser Steve Bannon, who stands accused of fraud over funds raised to support the construction of US-Mexico border wall, attends a hearing in Manhattan, New York on January 12, 2023.Fatih Aktas | Anadolu Agency | Getty ImagesFederal...

Twin Peaks, Smokey Bones confidentially file for IPO

Twin Peaks, Smokey Bones confidentially file for IPO

Smokey Bones at Broadcasting Square. Tim Leedy | Medianews Group | Getty ImagesFat Brands said Tuesday it has confidentially filed to take its Twin Peaks and Smokey Bones restaurant chains public through an initial public offering, less than a week after federal...

Intro to Health Savings Accounts & Your Taxes

Intro to Health Savings Accounts & Your Taxes

Unexpected medical costs without proper savings–including health insurance deductibles themselves, which have even gone up in recent years–can really leave you in a bind. One of the ways you can ensure you’re better prepared is with a health savings account (HSA). An...

FSA 101: All Your Questions Answered

FSA 101: All Your Questions Answered

Maintaining your physical and mental health can be costly, especially if your insurance plan doesn’t cover everything you need. Luckily, there’s a way to reduce your taxable income and ensure that you have money put aside to help cover these costs. A flexible spending...

Best iPad but needs new software

Best iPad but needs new software

Apple's new iPad Pro comes in two sizes, and starts at $999. It also has a new add-on case called Smart Keyboard that makes it feel like a laptop.Apple's new iPad Pro and iPad Air models launch Wednesday. I've been testing the new iPad Pro for several days, and what I...

USD/JPY Mid-Day Outlook – Action Forex

USD/JPY Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 155.74; (P) 156.00; (R1) 156.47; More… No change in USD/JPY’s outlook and intraday bias stays mildly on the upside. Rebound from 151.86, as the second leg of the corrective pattern from 160.20, is in progress for 157.98 resistance. On the downside,...

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