Category: Markets
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Gold futures technical analysis. I am waiting to go Long on Gold at 2337.5 to 2341.5
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Gold Futures Technical Analysis and My Trading Plan – Watch the video below, Gold Traders and Investors As I delve into technical analysis of gold futures on the 1-hour time frame, my focus shifts towards identifying the most strategic buying opportunities and understanding the inherent risks associated with trading this…
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US stock futures just higher; key inflation data, retail earnings due By Investing.com
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Investing.com — U.S. stock index futures rose on Monday, trading in tight ranges as caution set in ahead of key inflation data, due later this week, which will likely factor into interest rate expectations. At 06:20 EST (10:20 GMT), it rose 34 points, or 0.1%, rose 6 points, or 0.1%,…
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Executive Interview with ATFX Levant’s Managing Director, Ahmad Al Disi
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Hi Ahmad, thanks for joining us today. In June 2022, ATFX announced its entry into the LEVANT region by partnering with Amman-based investment firm Emerging Markets in Jordan. The collaboration marks a significant milestone as ATFX is the only Global broker who is present in the LEVANT region. What were…
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Dollar steady as US inflation data takes spotlight By Reuters
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Written by Brigid Riley TOKYO (Reuters) – The dollar firmed against its major counterparts on Monday as market participants looked ahead to U.S. inflation data to assess the prospects of an interest rate cut this year. Following a weaker-than-expected US jobs report for April and a dovish-sounding Federal Reserve policy…
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This Week’s US Inflation Reports Are Expected to Shake Crypto Markets
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Cryptocurrency markets remained flat over the weekend after falling last week, bringing total capital down to $2.38 trillion. This week’s economic calendar could bring further volatility as key inflation data is announced alongside a number of Federal Reserve speeches, which could indicate the direction of monetary policy going forward. Economic…
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FX Watch: GBP/USD’s Downtrend Opportunity Ahead of the U.K. Jobs Report
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The pound is testing downside resistance levels ahead of UK labor market data! If you’ve read our latest Weekly Forex DigestYou will know that the US dollar has found some support as more Fed officials announced that they are in no rush to cut interest rates soon. Meanwhile, at least…
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US data in the spotlight this week
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This is one of my favorite strips over the years. It is still of great importance. As we look forward to the new week, it is all about the US data that will move the mood in the broader markets. We already got a teaser last week of a few…
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Weaker supply will drive platinum deficit higher than expected in 2024, WPIC says By Reuters
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Written by Paulina Devitt LONDON (Reuters) – The global platinum deficit in 2024 will be deeper than previously expected due to lower supplies from mines in South Africa and Russia, the World Platinum Investment Council said on Monday. The 2024 deficit of 476,000 ounces will be smaller than the 851,000…
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Asian Stocks Rise on Reports of Chinese Bond Sale: Markets Wrap
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(Bloomberg) — Asian stocks pared earlier losses as reports of a planned long-term Chinese bond sale fueled optimism that the money raised will boost the economy. Most read from Bloomberg Hong Kong’s stock index rose to its highest level since August following the news, while mainland-listed stocks trimmed declines. China’s…
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Asia FX edges lower, dollar steadies with inflation on tap By Investing.com
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Investing.com — Most Asian currencies moved in a flat to lower range on Monday, while the dollar stabilized from recent volatility as focus turned squarely to upcoming US inflation data for further signals on interest rates. Moderate Chinese inflation data weighed on the yuan, while also sparking slight weakness in…
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Week Ahead in FX (May 13 – 17): U.S. Inflation Plus U.K. And Australia’s Jobs Reports
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The US Dollar is in for another busy week as Uncle Sam publishes the latest inflation reports! Meanwhile, labor market updates from the UK and Australia are expected to increase volatility for the British pound and Australian dollar. We’ve got a diary on this week’s most watched data releases! Before…
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Wall Street dives into Regeneron’s robust prospects By Investing.com
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Regeneron (NASDAQ:) Pharmaceuticals, Inc. remains… At the forefront of the biopharmaceutical industry, with a strategic focus on new therapeutic areas and a strong financial position. Analysts from BMO Capital Markets, Morgan Stanley and RBC Capital Markets provide insights into the company’s growth potential, competitive position and market dynamics, as Regeneron…
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PBOC is expected to set the USD/CNY reference rate at 7.2284 – Reuters estimate
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The People’s Bank of China is scheduled to release the reference USD/CNY exchange rate at around 0115 GMT. The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as the renminbi or renminbi). The People’s Bank of China follows…
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Global Crossing Airlines reports strong revenue growth By Investing.com
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Global Crossing Airlines (JET:NASDAQ) has announced a significant uptick in its financial performance for the first quarter of 2024, with a 67% increase in revenue to $53.8 million and a 16-fold rise in EBITDA year-over-year. Despite this growth, the company reported a net loss of $6.3 million and ended the…
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Factbox-Who is Andrei Belousov, Putin’s choice as defence minister? By Reuters
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MOSCOW (Reuters) – Russian President Vladimir Putin has proposed a surprise appointment of a new defense minister, nominating civilian Andrei Belousov, a former deputy prime minister and economics specialist, for the post more than two years after the war in Ukraine, the Kremlin said. Here are some facts about Andrei…
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Wall Street eyes TELUS Corporation’s robust growth By Investing.com
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In the ever-evolving communications landscape, AT&T Inc. (NYSE:T) is the center of attention thanks to its recent performance that has caught the attention of Wall Street. The multinational holding company, one of the world’s largest telecommunications companies, offers a range of services including mobile, fixed-line telephony and broadband TV subscription…
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Premium Forex Watch Recaps: May 6 – 10, 2024
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Market volatility has calmed over the past week, but there were some key events that had the potential to generate strong short-term opportunities, including two events related to central bank policy. Out of six discussions, Only one scenario/price forecast saw both financial and technical arguments being raised To become a…
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McDonalds is preparing a $5 deal meal promotion
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McDonald’s is running a $5 meal promotion. Needless to say, the cost of food is rising and there are no deals at fast food restaurants either. Are consumers starting to show their discomfort with rising prices by voting with their wallets? Looking at annual U.S. food costs from the St.…
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McDonalds is preparing a $5 deal meal promotion
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McDonald’s is running a $5 meal promotion. Needless to say, the cost of food is rising and there are no deals at fast food restaurants either. Are consumers starting to show their discomfort with rising prices by voting with their wallets? Looking at annual U.S. food costs from the St.…
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Lufthansa boss vents frustration about Boeing problems By Reuters
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ZURICH (Reuters) – Delays in plane deliveries from Boeing Co (NYSE:) are “very annoying” and cost Lufthansa a lot of money, but the U.S. planemaker should be able to solve its problems, the German airline’s chief executive said in a newspaper interview. Lufthansa CEO Carsten Spohr was direct when asked…