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US: Small Business Optimism Index Improves in April

US: Small Business Optimism Index Improves in April

NFIB’s Small Business Optimism Index rose 1.2 points to 89.7 in April, beating market expectations for a 0.3-point decrease. This marked the first increase in the index in 2024. Seven of the ten subcomponents improved on the month, two deteriorated and one remained...

Peacock, Netflix and Apple TV+

Peacock, Netflix and Apple TV+

Omar Marques | Lightrocket | Getty ImagesComcast said Tuesday it will introduce a streaming bundle for its cable, broadband and mobile subscribers, tying together Peacock, Netflix and Apple TV+ at a discounted rate.The announcement, made Tuesday at the...

TradingView expands its integration with Spreadex

TradingView expands its integration with Spreadex

TradingView is expanding its integration with Spreadex, a UK-based brokerage with over 20 years of experience. TradingView users logged into their broker accounts can now seamlessly access the spread betting functionality. Spreadex is an established provider of CFD...

How we chose the companies

How we chose the companies

Welcome to Disruptor 50 in the age of AI.A whopping 34 of the 50 companies on our twelfth annual CNBC Disruptor 50 list claim that artificial intelligence is "critical" to their businesses. These include companies in industries ranging from cybersecurity to...

Pound Edges Lower as UK Labor Market Cools

Pound Edges Lower as UK Labor Market Cools

The British pound has posted slight losses on Tuesday. GBP/USD is down 0.08%, trading at 1.2548 in the European session at the time of writing. UK job growth slides The UK labor market continues to show cracks as job growth was sharply lower in today’s employment...

OKX X Layer to Discontinue Swap Product

OKX X Layer to Discontinue Swap Product

OKX X Layer to Discontinue Its Swap ProductIn a recent announcement, OKX X Layer has communicated its decision to discontinue the Swap product. The discontinuation will take effect from May 30, 2024. The features of X Layer Swap,...

Alibaba (BABA) earnings Q4 2024

Alibaba (BABA) earnings Q4 2024

Alibaba said it is working on a rival to ChatGPT, the artificial intelligence chatbot that has caused excitement across the world. Alibaba said its own product is currently undergoing internal testing.Kuang Da | Visual China Group | Getty ImagesAlibaba posted a beat...

These are the 2024 CNBC Disruptor 50 companies

These are the 2024 CNBC Disruptor 50 companies

It's fair to say that AI is all over the 12th annual CNBC Disruptor 50 list. Roughly two-thirds of the 50 companies making the Disruptor 50 list describe artificial intelligence as "critical" to their businesses. And it starts at the very top: for the first time ever,...

GBPUSD Advances Above 200-Day SMA

GBPUSD Advances Above 200-Day SMA

GBPUSD looks neutral in very short-term A jump above 1.2630 could add some optimism Stochastic and MACD are mixed GBPUSD has successfully jumped above the 200-day simple moving average (SMA) with the next crucial obstacle coming from the short-term downtrend line and...

Home Depot (HD) Q1 2024 earnings

Home Depot (HD) Q1 2024 earnings

The logo of U.S. home improvement chain Home Depot is seen in Mexico City, Mexico, on Jan. 15, 2020.Luis Cortes | ReutersHome Depot on Tuesday posted quarterly revenue below Wall Street's expectations, as shoppers postponed bigger discretionary projects like bath and...

German ZEW rises to 47.1, signs of recovery growing

German ZEW rises to 47.1, signs of recovery growing

German ZEW Economic Sentiment jumped from 42.9 to 47.1 in May, above expectation of 44.9. Current Situation Index also rose from -79.2 to -72.3, above expectation of -75.0. Eurozone ZEW Economic Sentiment rose from 43.9 to 47.0, above expectation of 46.1. Current...

BoE’s Pill: Summer rate cut not unreasonable

BoE’s Pill: Summer rate cut not unreasonable

BoE’s Chief Economist Huw Pill suggested today that it is “not unreasonable” for central bank to consider rate cuts over the summer. However, he emphasized the critical need for to maintain a “restrictive stance” on monetary policy to address persistent domestic...

Tencent earnings report Q1 2024

Tencent earnings report Q1 2024

Tencent has faced a number of headwinds in 2022 including a Covid-induced slowdown in the Chinese economy and a tougher market for gaming.Bobby Yip | ReutersTencent beat analyst estimates for revenue and profit in the first quarter, thanks to slightly better sales in...

How to Restore Lost Bitcoin Wallets?

How to Restore Lost Bitcoin Wallets?

Bitcoin is probably the most valuable cryptocurrency that you would find in the crypto market now. It is not only the first cryptocurrency but also the face of the cryptocurrency industry. However, the biggest problem with Bitcoin is that no one is there to back the...

EURJPY’s Relentless Rise Continues – Action Forex

EURJPY’s Relentless Rise Continues – Action Forex

EURJPY in the green for the seventh consecutive trading day Bulls aim for April’s multi-year highs, but they might run out of steam soon For the past week, EURJPY has been experiencing a non-stop upward movement, currently targeting April’s bar of 169.27, which proved...

GameStop shares surge for a second day

GameStop shares surge for a second day

GameStop shares rallied in premarket trade for a second day on Tuesday, extending gains when the investor most linked to the company’s 2021 explosion had a social-media post for the first time in three years.

FX option expiries for 14 May 10am New York cut

FX option expiries for 14 May 10am New York cut

There are a couple to take note of, as highlighted in bold.The first ones are for EUR/USD at the 1.0750 and 1.0800 levels. The latter will be of more interest as it acts alongside offers at the figure level and the 200-day moving average at 1.0790 in limiting topside...

Tech giant misses trimmed PS5 sales target

Tech giant misses trimmed PS5 sales target

Sony said sales of its flagship PlayStation 5 console totalled 20.8 million in the fiscal year 2023 slightly lower than an already revised-down 21 million unit target.Nikos Pekiaridis | Nurphoto | Getty ImagesSony on Tuesday reported a 7% drop in annual profits in the...

Latest news on Russia and the war in Ukraine

Latest news on Russia and the war in Ukraine

Ukraine derails Russian freight train in drone attack, Russian mediaA Ukrainian drone attack derailed a freight train and sparked a fire in a diesel tank in the southern Russian region of Volgograd, mangling several hundred meters of track, Russian media said on...

Yen Decline Persists, Pound Eyes UK Wage Data

Yen Decline Persists, Pound Eyes UK Wage Data

Yen’s decline persisted in Asian session, continuing to reverse its strong gains from earlier in the month. Traders seem confident that Japan will not intervene as long as Yen remains above 160 level against Dollar, with no apparent determination to push it through...

Deutsche Bank joins Project Guardian

Deutsche Bank joins Project Guardian

Deutsche Bank today announced it has joined the Monetary Authority of Singapore’s (MAS) Project Guardian (as part of the asset and wealth management workstream). The collaborative initiative is dedicated to testing the feasibility of asset tokenization applications in...

Judge scolds lawyers over ‘gamesmanship’

Judge scolds lawyers over ‘gamesmanship’

Senator Robert Menendez arrives at the federal courthouse in Manhattan, New York, United States on May 13, 2024. Fatih Aktas | Anadolu | Getty ImagesA judge on Monday admonished attorneys for playing legal games shortly after they convened for the start of the federal...

GBP/JPY Daily Outlook – Action Forex

GBP/JPY Daily Outlook – Action Forex

Daily Pivots: (S1) 194.62; (P) 194.98; (R1) 195.48; More.. Further rise is mildly in favor in GBP/JPY. Rebound from 191.34 is seen as the second leg of the corrective pattern from 200.53, and could target 197.40 resistance. On the downside, break of 193.82 minor...

Novavax stock jumps on Sanofi Covid vaccine deal

Novavax stock jumps on Sanofi Covid vaccine deal

A vial labelled "Novavax V COVID-19 Vaccine" is seen in this illustration taken January 16, 2022. Dado Ruvic | ReutersShares of Novavax jumped as much as 50% on Monday as Wall Street cheered the company's new multibillion-dollar deal with French drugmaker Sanofi that...

EV Trade Spat Flares Up Amid US Tariff Hike

EV Trade Spat Flares Up Amid US Tariff Hike

In focus today Today will be quiet on the data front, with no major releases scheduled. The focus for remainder of the week will primarily be on US inflation for April, due Wednesday. Tuesday sees the release of US April PPI, which could give hints on the forthcoming...

10 states with the most money

10 states with the most money

U.S. President Joe Biden delivers remarks as part of his Investing in America agenda, during a visit to Gateway Technical College in Sturtevant, Wisconsin, U.S., May 8, 2024. Kevin Lamarque | ReutersThe Biden administration has announced $537 billion in infrastructure...

Crypto Market Under Pressure from Bitcoin

Crypto Market Under Pressure from Bitcoin

Market picture Crypto market cap on Monday stands at $2.2 trillion, down 5.2% over seven days, although it showed some growth over the weekend. Local market capitalisation peaked on March 14th, but the active decline began about a month ago, with a sequence of lower...

EUR/USD Mid-Day Outlook – Action Forex

EUR/USD Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 1.0757; (P) 1.0773; (R1) 1.0787; More… EUR/USD is staying below 1.0810 resistance despite today’s rise. Intraday bias remains neutral at this point. Further rally is expected as long as 55 4H EMA (now at 1.0751) holds. On the upside, above 1.0810...

The Retirement Saver’s Credit – Intuit TurboTax Blog

The Retirement Saver’s Credit – Intuit TurboTax Blog

Starting a retirement account or plan is one of the best retirement tips, but it’s not always easy. Budgeting for retirement account contributions can be hard — especially for people in lower tax brackets. The saver’s credit is designed to reward you for contributing...

Public officially launches Public Media Network

Public officially launches Public Media Network

Today, Public announced the official launch of the Public Media Network, its content network that hosts all Public media and shows in one place. The content arm was started in 2021 as Public saw a shift in how millennial and Gen Z investors accessed news and financial...

Business Networking Tax Deductions For Self-Employed

Business Networking Tax Deductions For Self-Employed

One of the most important parts of being self-employed and starting your own business is building a network of people around you filled with clients, advisers, influencers, and supporters. While meeting new people may seem difficult at first, it can also be extremely...

GBP/USD Mid-Day Outlook – Action Forex

GBP/USD Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 1.2504; (P) 1.2523; (R1) 1.2543; More… GBP/USD is staying below 1.2633 resistance despite today’s rally. Intraday bias remains neutral for the moment. Further rise is mildly in favor with 1.2445 support intact. On the upside, break of 1.2633 will...

Tax Write Offs & Deductions Explained

Tax Write Offs & Deductions Explained

Have you ever wondered what a ‘write-off’ is? Well, a write-off is any legitimate expense that can be deducted from your taxable income on your tax return. For many, this is the trickiest part of filing their taxes, particularly because there is a fine line between...

USD/CHF Mid-Day Outlook – Action Forex

USD/CHF Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 0.9048; (P) 0.9066; (R1) 0.9084; More…. USD/CHF is staying above 0.9005 support despite today’s dip and intraday bias remains neutral. Further decline is in favor as long as 55 4H EMA (now at 0.9082) holds. On the downside, break of 0.9005 and...

Tax Tips for Those Renting Their Home on Airbnb

Tax Tips for Those Renting Their Home on Airbnb

As Airbnb’s popularity continues to rise, more and more people are renting out their homes and learning about the tax implications that come with it. When you rent your home, or a room in your home, as a short-term rental, you may be able to keep your income taxes to...

How to Use YNAB’s Targets

How to Use YNAB’s Targets

Imagine waking up every day knowing exactly how your money is paving the way toward the future you want. With YNAB targets, you can pinpoint how much you need each month for all the things that matter to you—from your childcare expenses to your dream vacation.Targets...

USD/JPY Mid-Day Outlook – Action Forex

USD/JPY Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 155.38; (P) 155.65; (R1) 156.02; More… USD/JPY continues to lose upside momentum as seen in 4H MACD, but further rise is still mildly in favor. Rebound from 151.86, as the second leg of the corrective pattern from 160.20, could extend towards 157.98...

CFTC takes Agridime to Court for $161M Ponzi scheme

CFTC takes Agridime to Court for $161M Ponzi scheme

The Commodity Futures Trading Commission (CFTC) has taken Agridime LLC to Court for operating a Ponzi scheme. On May 10, 2024, the regulator filed a complaint against Agridime and co-founders Joshua Link and Jed Wood, at the Texas Northern District Court. According to...

Sunset Market Commentary – Action Forex

Sunset Market Commentary – Action Forex

Markets All eyes are on Wednesday’s US CPI inflation print and to a lesser extent its PPI precursor tomorrow. That led to stoic, listless trading at the start of the new week. China announced during early Asian dealings that it will kick off its CNY 1tn stimulus plan...

eToro achieves SOC 2 Type II Compliance Certification

eToro achieves SOC 2 Type II Compliance Certification

Online brokerage eToro today announced it has achieved SOC 2 Type II Compliance Certification. SOC 2 Type II Compliance Certification is an auditing procedure designed to ensure that service providers securely manage data to protect the privacy of their clients. “SOC”...

GBP/USD Higher With Eye on Employment Report

GBP/USD Higher With Eye on Employment Report

The British pound is slightly higher on Monday. GBP/USD is up 0.20%, trading at 1.2549 in the European session at the time of writing. UK job growth expected to slide The UK labor market has held up well despite high interest rates but cracks have appeared and...

OKX Adds USDC Spot Trading Pairs

OKX Adds USDC Spot Trading Pairs

OKX Introduces New USDC Trading Pairs In a bid to support the growing USDC ecosystem and satisfy the diverse trading needs of its users, leading digital asset exchange OKX has announced the introduction of new USDC spot trading pairs. The...

U.S.’ Blinken criticizes Israel’s Gaza operations

U.S.’ Blinken criticizes Israel’s Gaza operations

U.S. Secretary of State Antony Blinken is welcomed by Israeli Ambassador to the U.S. Mike Herzog, as he arrives at Ben Gurion Airport near Tel Aviv, Israel, April 30, 2024. Evelyn Hockstein | ReutersU.S. Secretary of State Antony Blinken issued harsh words for Israel,...

US 100 Index Hovers Above Cloud as Rebound Loses Steam

US 100 Index Hovers Above Cloud as Rebound Loses Steam

US 100 stock index eyes March all-time high But latest upleg may have run its course Is a correction on the way or is a record peak in sight? The US 100 stock index (cash) has recovered by more than 7% from the April dip when it hit a three-month low of 16,970.00. But...

CoinEx obtains VASP registration in Poland

CoinEx obtains VASP registration in Poland

Cryptocurrency exchange CoinEx has secured authorization as a Virtual Assets Service Provider (VASP) in Poland. This achievement is set to significantly enhance CoinEx’s position in the European cryptocurrency market. The authorization by the regulatory authorities in...

Michael Cohen testifies against former president

Michael Cohen testifies against former president

Michael Cohen, former attorney for Donald Trump, arrives to the New York Courthouse on March 13, 2023.Eduardo Munoz | ReutersMichael Cohen, who spent years working as the personal lawyer and fixer for Donald Trump, is set to testify Monday against the former president...

China launches ultra-long bond sale

China launches ultra-long bond sale

China’s Ministry of Finance announced it will commence the sale of the first batch of a significant issuance of ultra-long special sovereign bonds this week, with plans to distribute CNY 1T across various tenors ranging from 20 to 50 years. The ministry detailed that...

NZ Dollar Edges Lower as Inflation Expectations Fall

NZ Dollar Edges Lower as Inflation Expectations Fall

The New Zealand dollar has edged lower on Monday. NZD/USD is down 0.17% on the day, trading at 0.6009 in the European session at the time of writing. NZ inflation expectations ease to 2.3% New Zealand’s inflation expectations fell to 2.3% in the second quarter, its...

ADB Chief Economist, ET BFSI

ADB Chief Economist, ET BFSI

New Delhi: India needs to focus on factor market reforms like land and labour to propel India's growth to a double-digit trajectory, ADB Chief Economist Albert Park has said. "There are still concerns that the basic factor markets like land and labour in the formal...

Fed Speak Cemented Higher-for-Longer Case Last Week

Fed Speak Cemented Higher-for-Longer Case Last Week

Markets Fed speak cemented the higher-for-longer case last week. On Friday, governor Bowman said she doesn’t expect any policy rate cuts this year. Following three or four months on inflation disappointments, she wants to see a number of months of progress (and a...

United Fintech opens new office in DIFC

United Fintech opens new office in DIFC

United Fintech is increasing its global presence with the opening of a new office in the Dubai International Financial Centre (DIFC). This strategic expansion into the UAE, spearheaded by Athena, one of United Fintech’s partner companies, is a response to robust...

Gold Loses Some Ground But Still Bullish

Gold Loses Some Ground But Still Bullish

Gold loses momentum after reaching a two-week high Short-term risk remains skewed to the upside above 2,325 The week began with gold losing ground and giving up the gains it made on Friday when it reached a two-week high of 2,378. Technically, the bounce back above...

Cboe imposes $170,000 fine on Hilltop Securities

Cboe imposes $170,000 fine on Hilltop Securities

Hilltop Securities Inc. has agreed to pay a fine of $170,000 as a part of a settlement with Cboe Exchange, Inc. The matter originated from a review conducted by FINRA’s Department of Market Regulation regarding the Firm’s compliance with its obligations to report...

FX option expiries for 13 May 10am New York cut

FX option expiries for 13 May 10am New York cut

There is just two to take note of, as highlighted in bold.They are both for EUR/USD and layered close by at the 1.0750-55 level. That should see price action keep more compact in and around current levels in the session ahead at least. The 100-hour moving average for...

SoftBank earnings Q4 and full year FY 2023

SoftBank earnings Q4 and full year FY 2023

SoftBank's Vision Fund, the brainchild of the company's founder Masayoshi Son, has faced a number of headwinds including a slump in technology stocks as a result of rising interest rates, a tough China market and geopolitics.Kentaro Takahash | Bloomberg | Getty...

Latest news on Russia and the war in Ukraine

Latest news on Russia and the war in Ukraine

19 dead and dozens injured after strikes on Belgorod, Russian officials sayRussian officials said at least 19 people were killed and 27 injured during Ukrainian missile attacks on the border region of Belgorod this weekend.Belgorod Governor Vyacheslav Gladkov,...

An in-depth guide to Multi-Signature Smart Contracts

An in-depth guide to Multi-Signature Smart Contracts

As the world of blockchain and cryptocurrencies continues to expand, the need for secure, multi-user access to digital assets is becoming increasingly important. One solution to this issue is the use of multi-signature (multi-sig) smart contracts. The Sui Blog...

Best Decentralized Exchanges (DEXs) 2024

Best Decentralized Exchanges (DEXs) 2024

Cryptocurrency exchanges are the biggest tools used in the crypto industry at the moment. The first crypto exchange was created in 2010, and then many others made their entry into the market, improving the accessibility of cryptocurrencies. However, centralized...

Here’s how you can check status, ET BFSI

Here’s how you can check status, ET BFSI

After a healthy response for the IPO, Aadhar Housing Finance is likely to finalise the share allotment tomorrow. The issue was booked nearly 26 times at close. Investors can check the status of their share allotment on the BSE or even by logging in to the registrar's...

Report, BFSI News, ET BFSI

Report, BFSI News, ET BFSI

New Delhi [India], May 12 (ANI): While the Rupee closed broadly unchanged in April, it briefly touched a record low during the month. Outflows of funds by foreign portfolio investors (FPIs) and the strength of the US dollar have kept the domestic currency under...

Forex and Cryptocurrency Forecast – Action Forex

Forex and Cryptocurrency Forecast – Action Forex

EUR/USD: Medium-Term Outlook Favours the Dollar Throughout the past week, EUR/USD exhibited mixed dynamics, primarily driven by expectations concerning potential interest rate cuts by the US Federal Reserve (Fed) and the European Central Bank (ECB). Statements by...

Donald Trump shuts down Nikki Haley VP rumors

Donald Trump shuts down Nikki Haley VP rumors

Combination showing Republican presidential candidate and former U.S. Ambassador to the United Nations Nikki Haley (L) and Former U.S. President and Republican presidential candidate Donald Trump, campaigning in New Hampshire on Jan. 23rd, 2024.ReutersDonald Trump on...

Speculator bets led by Corn & Soybeans :: InvestMacro

Speculator bets led by Corn & Soybeans :: InvestMacro

By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) reports data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday May 7th and shows a quick view of how large traders...

Summary 5/13 – 5/17

Summary 5/13 – 5/17

Monday, May 13, 2024 Tuesday, May 14, 2024 Wednesday, May 15, 2024 Thursday, May 16, 2024 Friday, May 17, 2024 The post Summary 5/13 – 5/17 appeared first on Action Forex.

EUR/CHF Weekly Outlook – Action Forex

EUR/CHF Weekly Outlook – Action Forex

EUR/CHF turned into sideway consolidations last week but overall outlook is unchanged. Initial bias remains neutral this week first. Fall from 0.9835 is seen as the third leg of the corrective pattern from 0.9847. Risk will stay on the downside as long as 0.9835...

EUR/AUD Weekly Outlook – Action Forex

EUR/AUD Weekly Outlook – Action Forex

EUR/AUD recovered last week after edging lower to 1.6216. Initial bias remains neutral this week and more consolidations could be seen. But further decline is expected as long as 1.6494 resistance holds. Fall from 1.6742 is seen as the third leg of the corrective...

OKX Announces Wallet Service Maintenance

OKX Announces Wallet Service Maintenance

OKX Wallet Undergoing Maintenance OKX, a leading cryptocurrency exchange, has announced that its wallet service is currently under maintenance. The exchange is undertaking this maintenance to upgrade its services and improve the user...

EUR/JPY Weekly Outlook – Action Forex

EUR/JPY Weekly Outlook – Action Forex

EUR/JPY’s rebound last week suggest that pullback from 171.58 has completed at 164.01 already. Initial bias stays on the upside this week for 168.64 resistance, as the second leg of the corrective pattern from 171.58. On the downside, break of 166.73 minor support...

GBP/JPY Weekly Outlook – Action Forex

GBP/JPY Weekly Outlook – Action Forex

GBP/JPY’s rebound last week suggests that pullback from 200.53 has completed at 191.34 already. It’s now in the second leg of the corrective pattern from 200.53. Initial bias stays mildly on the upside this week for 197.40 resistance. On the downside, break of 193.82...

USD/CAD Weekly Outlook – Action Forex

USD/CAD Weekly Outlook – Action Forex

USD/CAD reversed after rebounding to 1.3761 and the development suggests that correction from 1.3845 is still extending. Initial bias remains neutral this week first. On the upside, break of 1.3761 resistance will argue that correction from 1.3845. Intraday bias will...

USD/CHF Weekly Outlook – Action Forex

USD/CHF Weekly Outlook – Action Forex

USD/CHF stayed in consolidation above 0.9005 last week. Initial bias remains neutral this week and more sideway trading could be seen. Further decline is in favor as long as 55 4H EMA (now at 0.9087) holds. On the downside, break of 0.9005 and sustained trading below...

GBP/USD Weekly Outlook – Action Forex

GBP/USD Weekly Outlook – Action Forex

GBP/USD dipped to 1.2445 last week but recovered since then. Initial bias remains neutral this week, and further rise is mildly in favor. On the upside, break of 1.2633 will resume the rally from 1.2298 to 1.2708 resistance next. However, firm break of 1.2445 will...

USD/JPY Weekly Outlook – Action Forex

USD/JPY Weekly Outlook – Action Forex

USD/JPY’s rebound last week suggests that pullback from 160.20 has completed at 151.86 already. It’s now in the second leg of the corrective pattern from 160.20. Further rise could be seen towards 157.98 resistance. On the downside, break of 154.23 will suggest that...

EUR/USD Weekly Outlook – Action Forex

EUR/USD Weekly Outlook – Action Forex

EUR/USD stayed in consolidation below 1.0810 last week. Initial bias stays neutral this week but further rally is expected as long as 55 4H EMA (now at 1.0744) holds. On the upside, above 1.0810 will resume the rebound from 1.0601 to 1.0884 resistance next. However,...

AUD/USD Weekly Report – Action Forex

AUD/USD Weekly Report – Action Forex

AUD/USD turned into consolidation below 0.6645 last week. Initial bias stays neutral this week first, and more sideway trading could be seen. Further rise is in favor as long as 55 4H EMA (now at 0.6575) holds. Above 0.6645 will resume the rebound from 0.6361. On the...

EUR/GBP Weekly Outlook – Action Forex

EUR/GBP Weekly Outlook – Action Forex

EUR/GBP’s rebound from 0.8529 continued last week but lost momentum after hitting 0.8619. Initial bias is turned neutral this week first. On the downside, below 0.8585 minor support will argue that rebound from 0.8529 has completed, and larger fall might be ready to...

USDCAD Slips Beneath 20-day SMA

USDCAD Slips Beneath 20-day SMA

USDCAD may retest the uptrend line MACD and RSI lose steam USDCAD is sliding beneath the 20-day simple moving average (SMA) and is approaching the medium-term ascending trend line around the 1.3630-1.3610 support region. Technically, the MACD oscillator is holding...

McDonald’s working on $5 value meal

McDonald’s working on $5 value meal

A McDonalds located on Santa Monica Blvd in Los Angeles, California, April 1, 2024.Robert Gauthier | Los Angeles Times | Getty ImagesMcDonald's is working to introduce a value meal in U.S. stores to help offset an increasingly challenging environment for consumers,...

(ECB) Monetary policy accounts – Action Forex

(ECB) Monetary policy accounts – Action Forex

Account of the monetary policy meeting of the Governing Council of the European Central Bank held in Frankfurt am Main on Wednesday and Thursday, 10-11 April 2024 10 May 2024 1. Review of financial, economic and monetary developments and policy options Financial...

June rate cut plausible, ECB accounts indicate

June rate cut plausible, ECB accounts indicate

In the accounts from their April monetary policy meeting, ECB confirmed that it is “plausible” to be in a position to start cutting interest rates as early as June, contingent upon incoming evidence supporting the medium-term inflation forecasts established in March....

USD/JPY Mid-Day Outlook – Action Forex

USD/JPY Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 155.12; (P) 155.54; (R1) 155.91; More… No change in USD/JPY’s outlook and intraday bias stays mildly on the upside. Rebound from 151.86 is seen as the second leg of the corrective pattern from 160.20 high. Further rise would be seen to 157.98...

Atul Kumar Goel, PNB, ET BFSI

Atul Kumar Goel, PNB, ET BFSI

"No, I do not foresee any challenges and guidance which we are giving for the next financial year 11% to 12%. It is easily achievable because our focus is on the RAM, that is our focus area," says Atul Kumar Goel, MD & CEO, PNB.First up, let us talk about the...

USD/CHF Mid-Day Outlook – Action Forex

USD/CHF Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 0.9042; (P) 0.9071; (R1) 0.9087; More…. No change in USD/CHF’s outlook and intraday bias stays neutral. Further decline is in favor as long as 55 4H EMA (now at 0.9088) holds. On the downside, break of 0.9005 and sustained trading below 55 D EMA...

GBP/USD Mid-Day Outlook – Action Forex

GBP/USD Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 1.2471; (P) 1.2499; (R1) 1.2552; More… Intraday bias in GBP/USD stays neutral for the moment. Strong bounce from current level will retain near term bullishness. Further break of 1.2633 will resume the rebound from 1.2298 to 1.2708 resistance next....

EUR/USD Mid-Day Outlook – Action Forex

EUR/USD Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 1.0742; (P) 1.0764; (R1) 1.0803; More… No change in EUR/USD’s outlook and intraday bias stays neutral. Further rally is expected as long as 55 4H EMA (now at 1.0742) holds. On the upside, above 1.0810 will resume the rebound from 1.0601 to 1.0884...

Mogo amends existing $60M senior credit facility

Mogo amends existing $60M senior credit facility

Mogo Inc. (NASDAQ:MOGO), a digital wealth and payments business, today announced an amendment to its existing senior credit facility with funds managed by affiliates of Fortress Investment Group LLC. The amendment extends the maturity date of the Credit Facility from...

Canada’s Labour Market Explodes Higher in April

Canada’s Labour Market Explodes Higher in April

The Canadian labour market gained 90.4k positions in April, with full-time employment up 40.1k and part-time employment up 50.3k. The unemployment rate was unchanged at 6.1% and the participation rate rose 0.1 percentage point to 65.4%. Employment by sector showed...

Fine art sales are down as collectors pull back

Fine art sales are down as collectors pull back

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 key May art sales at major auction houses are...

USDInd set for volatile week? :: InvestMacro

USDInd set for volatile week? :: InvestMacro

USDInd ↑ almost 4% year-to-dateKey US CPI report under spotlightWatch out for Fed speechesTrading within range on D1 chartsLevels of interest – 106.50, 105.60 & 105.00The week ahead is jampacked with top-tier data and speeches by numerous policymakers.But the...

Report, BFSI News, ET BFSI

Report, BFSI News, ET BFSI

A recent report by IndiaP2P revealed that women are outpacing men in credit uptake year-on-year. CY23 witnessed women borrowers with active loans outpacing men growing from 67 million active borrowers to 78 million. This pace of growth is extremely encouraging and...

Canadian Dollar Quiet Ahead of Jobs Data

Canadian Dollar Quiet Ahead of Jobs Data

The Canadian dollar is almost unchanged on Friday. USD/CAD is up 0.03%, trading at 1.3680 in the European session at the time of writing. Canada’s job growth expected to rebound Canada releases the April employment report later today. The economy shed 2200 jobs in...

Dinesh Kumar Khara, ET BFSI

Dinesh Kumar Khara, ET BFSI

Dinesh Kumar Khara, Chairman, SBI, says “our endeavour is to ensure that we maintain this level and we expect that when it comes to our deposit rates, we appear to have plateaued already. And henceforth we should be in a position to improve our yield on advances also...

Steps to Write a Resume With Google Gemini

Steps to Write a Resume With Google Gemini

ChatGPT changes the conventional perceptions of artificial intelligence and its complexity. With the new generative AI tool, it is possible to write almost anything, from work emails to term papers. Google Bard, which has been rechristened as Google Gemini recently,...

AUDUSD Remains Undecided Near Crucial Technical Region

AUDUSD Remains Undecided Near Crucial Technical Region

AUDUSD repeatedly fails to conquer the 0.6643-0.6666 range But outlook is positive as price holds above 50 and 200-day SMAs Momentum indicators deteriorate but remain in positive zones AUDUSD has been in a steady advance since its bounce off the five-month low of...

Finance minister Nirmala Sitharaman, ET BFSI

Finance minister Nirmala Sitharaman, ET BFSI

New Delhi: Finance minister Nirmala Sitharaman on Thursday said eastern India has potential to emerge as the country's growth engine with a decisive push to industrialisation, adding that a mineral-rich state like Jharkhand must get rid of rampant corruption to draw...

British Pound Listless Despite Strong GDP

British Pound Listless Despite Strong GDP

The British pound is drifting on Friday. GBP/USD is up 0.05%, trading at 1.2531 in the European session at the time of writing. UK GDP rises 0.6% The British economy grew by 0.6% q/q in the first quarter, higher than the market estimate of 0.4% and above the Q4 2023...

FX option expiries for 10 May 10am New York cut

FX option expiries for 10 May 10am New York cut

There are a couple to take note of on the day, as highlighted in bold.The first one being for EUR/USD at the 1.0825 level. However, this is one that might not factor in too much into play given the technicals. The 200-day moving average at 1.0791 and offers lined up...

Promoters offer $2 million VIP package

Promoters offer $2 million VIP package

In this composite image a comparison between Former Boxer Mike Tyson (L) and Jake Paul (R). Tyson and Paul face in July 2024 exhibition fight. Francois Nel | Christian Petersen | Getty ImagesMike Tyson's return to the boxing ring to fight Jake Paul this summer is...

Latest news on Russia and the war in Ukraine

Latest news on Russia and the war in Ukraine

Russia ramps up ground attacks in eastern Ukraine ahead of the arrival of Western military aidUkrainian soldiers prepare a mortar in the direction of Chasiv Yar as the war between Russia and Ukraine continues in Donetsk Oblast, Ukraine on May 7, 2024.Anadolu | Anadolu...

USD/CHF Daily Outlook – Action Forex

USD/CHF Daily Outlook – Action Forex

Daily Pivots: (S1) 0.9071; (P) 0.9083; (R1) 0.9093; More…. Intraday bias in USD/CHF stays neutral at this point. Further decline is in favor as long as 55 4H EMA (now at 0.9096) holds. On the downside, break of 0.9005 and sustained trading below 55 D EMA (now at...

Sinclair explores selling 30% of broadcast stations

Sinclair explores selling 30% of broadcast stations

Signage stands outside the Sinclair Broadcast Group Inc. headquarters in Cockeysville, Maryland, U.S., on Friday, Aug. 10, 2018. Andrew Harrer | Bloomberg | Getty ImagesSinclair, one of the largest owners of broadcast stations in the U.S., is looking to sell more than...

Appeals court refuses to toss Delaware case

Appeals court refuses to toss Delaware case

Hunter Biden, son of U.S. President Joe Biden, arrives for a closed deposition with members of the Republican-led House Oversight Committee conducting an impeachment inquiry into the president, at the O'Neill House Office Building in Washington, U.S., February 28,...

GBP/USD Daily Outlook – Action Forex

GBP/USD Daily Outlook – Action Forex

Daily Pivots: (S1) 1.2468; (P) 1.2497; (R1) 1.2525; More… Intraday bias in GBP/USD remains neutral and outlook is unchanged. Further rally is in favor with 1.2471 support intact. On the upside, above 1.2633 will resume the rebound from 1.2298 to 1.2708 resistance...

USD/JPY Daily Outlook – Action Forex

USD/JPY Daily Outlook – Action Forex

Daily Pivots: (S1) 154.76; (P) 155.22; (R1) 155.96; More… Intraday bias in USD/JPY stays on the upside for the moment. Rebound from 151.86 is seen as the second leg of the corrective pattern from 160.20 high. Further rise would be seen to 157.98 resistance. On the...

Casinos face shareholder votes over indoor smoking

Casinos face shareholder votes over indoor smoking

A new strategy has emerged in the battle to ban smoking in casinos: the shareholder vote.Shareholders at Boyd Gaming, Bally's Entertainment and Caesars Entertainment will put on the ballot at the respective casino companies proposals to force them to study the costs...

EUR/USD Daily Outlook – Action Forex

EUR/USD Daily Outlook – Action Forex

Daily Pivots: (S1) 1.0736; (P) 1.0747; (R1) 1.0759; More… Intraday bias in EUR/USD stays neutral and outlook is unchanged. Further rally is expected as long as 55 4H EMA (now at 1.0733) holds. On the upside, above 1.0810 will resume the rebound from 1.0601 to 1.0884...

GBP/USD Mid-Day Outlook – Action Forex

GBP/USD Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 1.2468; (P) 1.2497; (R1) 1.2525; More… GBP/USD breached 1.2471 support briefly but quickly recovered. Intraday bias stays neutral first. Strong bounce from current level will retain near term bullishness. Further break of 1.2633 will resume the...

Airbnb (ABNB) Q1 2024 earnings

Airbnb (ABNB) Q1 2024 earnings

In this photo illustration, the Airbnb logo is displayed on a computer monitor and cell phone on February 13, 2024 in Los Angeles, California.Mario Tama | Getty ImagesAirbnb reported first-quarter results on Wednesday that beat analysts' estimates but offered...

USD/CHF Mid-Day Outlook – Action Forex

USD/CHF Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 0.9071; (P) 0.9083; (R1) 0.9093; More…. Intraday bias in USD/CHF stays neutral and outlook is unchanged. Further decline is in favor as long as 55 4H EMA (now at 0.9096) holds. On the downside, break of 0.9005 and sustained trading below 55 D EMA...

UK100, Wheat & EURUSD hit targets! :: InvestMacro

UK100, Wheat & EURUSD hit targets! :: InvestMacro

UK100 bulls bag 770 pointsWheat “throwback” rewards bearsEURUSD secures all bearish targets Here are how these discussed instruments performed this week:     1) UK100 touches fresh record highWhere and when was Target Price (TP) published?In our week ahead article...

USD/JPY Mid-Day Outlook – Action Forex

USD/JPY Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 154.76; (P) 155.22; (R1) 155.96; More… Intraday bias in USD/JPY remains mildly on the upside as this point. Rebound from 151.86 is seen as the second leg of the corrective pattern from 160.20 high. Further rise would be seen to 157.98 resistance. On...

EUR/USD Mid-Day Outlook – Action Forex

EUR/USD Mid-Day Outlook – Action Forex

Daily Pivots: (S1) 1.0736; (P) 1.0747; (R1) 1.0759; More… Intraday bias in EUR/USD remains neutral for the moment. Further rally is expected as long as 55 4H EMA (now at 1.0733) holds. On the upside, above 1.0810 will resume the rebound from 1.0601 to 1.0884...

BTCUSD Retreats After Unsuccessful Test of 50-SMA

BTCUSD Retreats After Unsuccessful Test of 50-SMA

BTCUSD drops after failing to claim 50-day SMA The price extends its series of lower highs and lows Momentum indicators are tilted to the downside BTCUSD (Bitcoin) had been in a slow but steady recovery since its bounce off the two-month bottom of 56,483. However, the...

CFPB rule faces possible freeze

CFPB rule faces possible freeze

Epoxydude | Fstop | Getty ImagesA Consumer Financial Protection Bureau regulation that promised to save Americans billions of dollars in late fees on credit cards faces a last-ditch effort to stave off its implementation.Led by the U.S. Chamber of Commerce, the card...

Bank of England Closing In On Rate Cuts

Bank of England Closing In On Rate Cuts

Summary The Bank of England (BoE) held its policy rate at 5.25% at today’s monetary policy announcement, but offered a dovish outlook that suggests rate cuts are now approaching. The BoE said restrictive monetary policy is weighing on activity in the real economy, is...

McDonald’s makes changes to increase mobile sales

McDonald’s makes changes to increase mobile sales

A Big Mac is displayed on a page of the McDonald's appDaniel Acker | Bloomberg | Getty ImagesMcDonald's U.S. franchisees will start paying into a digital marketing fund next year as the fast-food giant looks to expand its booming digital business, according to a memo...

UK 100 Index Swings to All-Time High

UK 100 Index Swings to All-Time High

UK 100 hits record high after the BoE rate decision; up 8% year-to-date Next target at 8,500, but fears of an overbought market might delay rally The UK 100 stock index (cash) has been performing incredibly well over the past four months, staging another exponential...

How does the brain think? :: InvestMacro

How does the brain think? :: InvestMacro

By Jennifer Robinson, Auburn UniversityCurious Kids is a series for children of all ages. If you have a question you’d like an expert to answer, send it to [email protected].How does the brain think? – Tom, age 16, San Diego, CaliforniaHave you ever wondered how your...

Stormy Daniels resumes testimony in hush money case

Stormy Daniels resumes testimony in hush money case

Former US President Donald Trump speaks to the press before his trial for allegedly covering up hush money payments linked to extramarital affairs, at Manhattan Criminal Court in New York City, on May 9, 2024.Angela Weiss | ReutersThis is developing news. Check back...

US initial jobless claims rises to 231k, vs exp 210k

US initial jobless claims rises to 231k, vs exp 210k

US initial jobless claims rose 22k to 231k in the week ending May 4, above expectation of 210k. That’s also the highest level since late August 2023. Four-week moving average on initial claims rose 4.75k to 215k. Continuing claims rose 17k to 1785k in the week ending...

(BOE) Bank rate maintained at 5.25%

(BOE) Bank rate maintained at 5.25%

Monetary Policy Summary, May 2024 The Bank of England’s Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target, and in a way that helps to sustain growth and employment. At its meeting ending on 8 May 2024, the MPC voted by a majority of...

BoE holds rate at 5.25%, Ramsden joins dove camp

BoE holds rate at 5.25%, Ramsden joins dove camp

BoE maintained Bank Rate at 5.25%, as widely expected. The announcement revealed a subtle dovish shift as evidenced by the voting and adjustments in the accompanying statement. Although these changes are not strong enough to warrant an immediate rate cut in June, they...

Warner Bros. Discovery (WBD) earnings Q1 2024

Warner Bros. Discovery (WBD) earnings Q1 2024

In this photo illustration, the Warner Bros. Discovery logo is displayed on a smartphone screen.Rafael Henrique | SOPA Images | Lightrocket | Getty ImagesWarner Bros. Discovery reported first-quarter results on Thursday, missing analyst expectations on both the top...

LTX by Broadridge integrates with MultiLynq

LTX by Broadridge integrates with MultiLynq

LTX, a subsidiary of Broadridge Financial Solutions Inc. (NYSE:BR), today announced its integration with MultiLynq, a leading provider of electronic fixed income trading connectivity and integration solutions, to accelerate connectivity to the LTX platform. Solutions...

Japanese Yen Lower After BoJ Minutes

Japanese Yen Lower After BoJ Minutes

The Japanese yen has posted a three-day slide and is in negative territory on Thursday. USD/JPY has risen 0.26% on the day and is trading at 155.93 at the time of writing. Is the BoJ turning hawkish? The Bank of Japan released its Summary of Opinions from its April...

NZDUSD Bulls Face Strong Resistance

NZDUSD Bulls Face Strong Resistance

NZDUSD is under pressure following a strong rally from the 2024 lows It has met strong resistance at both the 200-day SMA and a key trendline Momentum indicators are mixed; a bearish divergence is developing After testing the 2024 low at 0.5851 and recording a...

Corporate leaders and wealthy donors want a say

Corporate leaders and wealthy donors want a say

Republican presidential candidate and former U.S. President Donald Trump speaks during a campaign event in Freeland, Michigan, U.S. May 1, 2024. Brendan Mcdermid | ReutersFormer President Donald Trump and people close to him are fielding calls from corporate leaders...

USDJPY Advances After Bouncing Off 50-day SMA

USDJPY Advances After Bouncing Off 50-day SMA

USDJPY in a recovery mode after pull back comes to a halt Momentum indicators suggest intensifying positive momentum USDJPY experienced a strong pullback from its 34-year high of 160.20 following the intervention by Japanese authorities a week ago. However, the pair...

GBP/USD Bulls Struggle While USD/CAD Regains Strength

GBP/USD Bulls Struggle While USD/CAD Regains Strength

GBP/USD declined below the 1.2550 support zone. USD/CAD is rising and might aim for more gains above the 1.3760 resistance. Important Takeaways for GBP/USD and USD/CAD Analysis Today The British Pound started a fresh decline from the 1.2635 resistance zone. There is a...

Eurex to launch futures on FTSE All-World Index

Eurex to launch futures on FTSE All-World Index

Eurex is expanding its suite of global index derivatives in collaboration with FTSE Russell, the global index provider. As of 3 June, Eurex will launch futures on the FTSE All-World Index. Eurex’s index derivatives products, which covers global, national, and...

Best Web3 Tokens List for 2024

Best Web3 Tokens List for 2024

As the world recognizes new possibilities with web3, it is important to look for the innovative prospects associated with web3. The transformation of the internet might have been laughable a decade ago when the world was warming up to the advancements in social media....

EURGBP Runs Out of Steam Near 0.8600

EURGBP Runs Out of Steam Near 0.8600

EURGBP struggles to surpass 0.8600 and 200-day SMA Short-term bias is positive, but signs of oversold market exist Bank of England announces rate decision today at 11:00 GMT EURGBP started May’s session on the right foot, swiftly reversing up after touching the...

FX option expiries for 9 May 10am New York cut

FX option expiries for 9 May 10am New York cut

There are a couple to take note of on the day, as highlighted in bold.The first is a range of expiries for EUR/USD from 1.0745 through to 1.0775. That is likely to help lock price action from running too far to the topside on the day. That alongside the 100-hour...

Latest news in Russia and the war in Ukraine

Latest news in Russia and the war in Ukraine

Russia 'will not allow anyone to threaten us,' Putin tells Victory ParadeRussian President Vladimir Putin watches a military parade on Victory Day, which marks the 77th anniversary of the victory over Nazi Germany in World War Two, in Red Square in central Moscow,...

Crude Oil Price Fell Further on Growing Demand Concerns

Crude Oil Price Fell Further on Growing Demand Concerns

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

WTI oil futures restart downtrend

WTI oil futures restart downtrend

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

EUR/USD Mid-Day Outlook – Action Forex

EUR/USD Mid-Day Outlook – Action Forex

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

GBP/USD Mid-Day Outlook – Action Forex

GBP/USD Mid-Day Outlook – Action Forex

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

Citi makes strategic minority investment in Cicada

Citi makes strategic minority investment in Cicada

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

USD/CHF Mid-Day Outlook – Action Forex

USD/CHF Mid-Day Outlook – Action Forex

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

Sunset Market Commentary – Action Forex

Sunset Market Commentary – Action Forex

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

CEO, BFSI News, ET BFSI

CEO, BFSI News, ET BFSI

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

US Indices Heading Towards Highs

US Indices Heading Towards Highs

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

USD/JPY Mid-Day Outlook – Action Forex

USD/JPY Mid-Day Outlook – Action Forex

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

Shopify shares plunge 18% on weak guidance

Shopify shares plunge 18% on weak guidance

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

Golden cross on the horizon? :: InvestMacro

Golden cross on the horizon? :: InvestMacro

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

World Bank India chief, ET BFSI

World Bank India chief, ET BFSI

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

Canadian Dollar Slips Despite Strong Ivey PMI

Canadian Dollar Slips Despite Strong Ivey PMI

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

Movie slate lacks franchise hits

Movie slate lacks franchise hits

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

EURJPY Flirts With 167.00 Again

EURJPY Flirts With 167.00 Again

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

Uber (UBER) Q1 2024 earnings

Uber (UBER) Q1 2024 earnings

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

EUR/GBP Daily Outlook – Action Forex

EUR/GBP Daily Outlook – Action Forex

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

Tradu launches crypto exchange – FX News Group

Tradu launches crypto exchange – FX News Group

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

EUR/JPY Daily Outlook – Action Forex

EUR/JPY Daily Outlook – Action Forex

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

HK regulator warns public of Quantum AI

HK regulator warns public of Quantum AI

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

GBPUSD Pulls Back After Testing 50-day SMA

GBPUSD Pulls Back After Testing 50-day SMA

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

Reddit (RDDT) Q1 2024 earnings

Reddit (RDDT) Q1 2024 earnings

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

CEA V Anantha Nageswaran, ET BFSI

CEA V Anantha Nageswaran, ET BFSI

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

Japanese Yen Weakens Despite Government Warnings

Japanese Yen Weakens Despite Government Warnings

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

MD & CEO Shanti Lal Jain, ET BFSI

MD & CEO Shanti Lal Jain, ET BFSI

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

What are Convolutional Neural Networks (CNNs)?

What are Convolutional Neural Networks (CNNs)?

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

GBP/JPY Daily Outlook – Action Forex

GBP/JPY Daily Outlook – Action Forex

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

Gold Stands Above 2,300 – Action Forex

Gold Stands Above 2,300 – Action Forex

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

FX option expiries for 8 May 10am New York cut

FX option expiries for 8 May 10am New York cut

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

Oddity Tech (ODD) earnings Q1 2024

Oddity Tech (ODD) earnings Q1 2024

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

Latest news on Russia and the war in Ukraine

Latest news on Russia and the war in Ukraine

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

LockBit ransomware indictment and reward for Russian

LockBit ransomware indictment and reward for Russian

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

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

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

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

FIS introduces fintech platform Atelio by FIS

FIS introduces fintech platform Atelio by FIS

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

EUR/USD Mid-Day Outlook – Action Forex

EUR/USD Mid-Day Outlook – Action Forex

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

GBP/USD Mid-Day Outlook – Action Forex

GBP/USD Mid-Day Outlook – Action Forex

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

New York tops new list

New York tops new list

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

USD/CHF Mid-Day Outlook – Action Forex

USD/CHF Mid-Day Outlook – Action Forex

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

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

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

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

Touches fresh 2024 high! :: InvestMacro

Touches fresh 2024 high! :: InvestMacro

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

USD/JPY Mid-Day Outlook – Action Forex

USD/JPY Mid-Day Outlook – Action Forex

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

Sunset Market Commentary – Action Forex

Sunset Market Commentary – Action Forex

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

EURUSD Returns Within a Sideways Range

EURUSD Returns Within a Sideways Range

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

Yen Extends Losses, Fed Members Cautious

Yen Extends Losses, Fed Members Cautious

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

Dollar Strengthens Modestly as Forex Markets Quiet

Dollar Strengthens Modestly as Forex Markets Quiet

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

Disney streaming results improve as cable TV decays

Disney streaming results improve as cable TV decays

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

Nium partners with Emirates NBD

Nium partners with Emirates NBD

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

Valérie Urbain assumes role of Euroclear CEO

Valérie Urbain assumes role of Euroclear CEO

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

Gold Attempts Recovery to Only Face Limitations Again

Gold Attempts Recovery to Only Face Limitations Again

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

What we know about the consumer so far

What we know about the consumer so far

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

Pound Shrugs as Construction PMI Jumps

Pound Shrugs as Construction PMI Jumps

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

Palantir (PLTR) earnings Q1 2024

Palantir (PLTR) earnings Q1 2024

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

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

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

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

Taser-maker Axon is getting into the drone market

Taser-maker Axon is getting into the drone market

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

Latest news on Russia and the war in Ukraine

Latest news on Russia and the war in Ukraine

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

RBA on Gold and Remains Vigilant to the Upside

RBA on Gold and Remains Vigilant to the Upside

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

Disney (DIS) earnings Q2 2024

Disney (DIS) earnings Q2 2024

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

DHF Capital hires Erik Boekel as CCO

DHF Capital hires Erik Boekel as CCO

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

FX option expiries for 7 May 10am New York cut

FX option expiries for 7 May 10am New York cut

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

EUR/USD Daily Outlook – Action Forex

EUR/USD Daily Outlook – Action Forex

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

Markets Weigh Dovish NFP Report

Markets Weigh Dovish NFP Report

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

All’s Well That Ends Well

All’s Well That Ends Well

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

USD/CHF Mid-Day Outlook – Action Forex

USD/CHF Mid-Day Outlook – Action Forex

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

USD/JPY Mid-Day Outlook – Action Forex

USD/JPY Mid-Day Outlook – Action Forex

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

Yen Rally Fizzles as US Dollar Climbs

Yen Rally Fizzles as US Dollar Climbs

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

GBP/USD Mid-Day Outlook – Action Forex

GBP/USD Mid-Day Outlook – Action Forex

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

EUR/USD Mid-Day Outlook – Action Forex

EUR/USD Mid-Day Outlook – Action Forex

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

Euro Edges Higher as Eurozone Data Improves

Euro Edges Higher as Eurozone Data Improves

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

Ripple ready to create waves? :: InvestMacro

Ripple ready to create waves? :: InvestMacro

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

Equinox launches $40,000 ‘Optimize’ membership

Equinox launches $40,000 ‘Optimize’ membership

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

Sunset Market Commentary – Action Forex

Sunset Market Commentary – Action Forex

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

Focus on RBA as Australian Dollar Maintains Strength

Focus on RBA as Australian Dollar Maintains Strength

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

Howard Schultz weighs in on Starbucks earnings miss

Howard Schultz weighs in on Starbucks earnings miss

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

Crypto Market Tries to Break Local Downtrend

Crypto Market Tries to Break Local Downtrend

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

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

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

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

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

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

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

Steps For Creating a Blockchain Wallet

Steps For Creating a Blockchain Wallet

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

FX option expiries for 6 May 10am New York cut

FX option expiries for 6 May 10am New York cut

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

Wealth 360 One report, ET BFSI

Wealth 360 One report, ET BFSI

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

CEO, BFSI News, ET BFSI

CEO, BFSI News, ET BFSI

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

Forex and Cryptocurrency Forecast – Action Forex

Forex and Cryptocurrency Forecast – Action Forex

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

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

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

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

EUR/AUD Weekly Outlook – Action Forex

EUR/AUD Weekly Outlook – Action Forex

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

EUR/GBP Weekly Outlook – Action Forex

EUR/GBP Weekly Outlook – Action Forex

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

Speculator bets led by Gold & Steel :: InvestMacro

Speculator bets led by Gold & Steel :: InvestMacro

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

GBP/JPY Weekly Outlook – Action Forex

GBP/JPY Weekly Outlook – Action Forex

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

USD/CAD Weekly Outlook – Action Forex

USD/CAD Weekly Outlook – Action Forex

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

AUD/USD Weekly Report – Action Forex

AUD/USD Weekly Report – Action Forex

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

GBP/USD Weekly Outlook – Action Forex

GBP/USD Weekly Outlook – Action Forex

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

USD/JPY Weekly Outlook – Action Forex

USD/JPY Weekly Outlook – Action Forex

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

EUR/USD Weekly Outlook – Action Forex

EUR/USD Weekly Outlook – Action Forex

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

Management on RBI regulations, ET BFSI

Management on RBI regulations, ET BFSI

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

USD/CHF Weekly Outlook – Action Forex

USD/CHF Weekly Outlook – Action Forex

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

EUR/JPY Weekly Outlook – Action Forex

EUR/JPY Weekly Outlook – Action Forex

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

EUR/CHF Weekly Outlook – Action Forex

EUR/CHF Weekly Outlook – Action Forex

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

Summary 5/6 – 5/10

Summary 5/6 – 5/10

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

The Weekly Bottom Line: Holding Steady for Longer

The Weekly Bottom Line: Holding Steady for Longer

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

USD/CHF Mid-Day Outlook – Action Forex

USD/CHF Mid-Day Outlook – Action Forex

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

USD/JPY Mid-Day Outlook – Action Forex

USD/JPY Mid-Day Outlook – Action Forex

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

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