Quick Look: USD/CHF technical levels support at 0.9075, with key resistance at 0.9243 marked by SMA hurdles. Surpassed several technical barriers since early 2024, signalling a robust reversal pattern. Influenced by events like Israel’s drone attack on Iran and upcoming US economic data releases. The USD/CHF pair has captured the attention of investors as it …
Economic and Geopolitical Dynamics Drive USD/CHF Shifts Read More »
Quick Look: As suggested by indicators like Bullish Hammer and Dragonfly Doji, AUD is shifting to a bullish sentiment against USD. The Australian inflation report and Chinese market movements could drive AUD volatility. Recommendation for a long position on AUD/USD, with technical and economic backing for potential gains. The AUD/USD exchange rate has identified a …
AUD/USD Outlook: Technical Indicators Signal Bullish Reversal Read More »
Quick Look: Mackenzie Financial Corp’s holdings surged by 247.1%, now valued at approximately $5.59 million. Moneta Group and Norges Bank invested over $203 million and $58.63 million, showing strong market confidence. Ratings vary from upgraded by TheStreet to downgraded by StockNews.com, indicating a divided outlook. Mackenzie Financial Corp has notably increased its market influence by …
Mackenzie Financial Corp Sees Major Institutional Investments Read More »
Quick Look: Nickel prices hit a seven-month high on the London Metal Exchange and Shanghai. Chinese stockpile reports and a Russian metal ban drive this surge. Tin, aluminium, and zinc prices also saw increases. Meanwhile, lead dipped on both the London and Shanghai exchanges. Nickel Creek Platinum Corp experienced notable stock volatility amidst broader market …
Quick Look: US House passed a bill requiring ByteDance to divest TikTok US operations within a year. Bill’s failure may impact the US economy significantly; ByteDance’s revenues are substantial. Strong opposition from TikTok and potential legal challenges if the bill passes. China could block the forced sale, raising international trade and diplomatic concerns. Senate’s decision …
U.S. House Passes TikTok Ban Bill: Eyes Senate Decision Read More »
Quick Look: The New Zealand Dollar plunged by 0.92% after inflation data came in lower than expected at 0.1% for Q1 2024. The Reserve Bank of New Zealand plans to cut rates with inflation below target. Forecasts are suggesting two reductions this year. Geopolitical tensions between Israel and Iran escalated, influencing global equity and commodity …
NZD: Global Markets Waver Amid New Zealand Inflation Read More »
Quick Look: The People’s Bank of China will likely maintain key rates; any changes could influence AUD significantly. AUD/USD shows bearish trends; key resistance is $0.64582, and support is $0.62713. Australian and US inflation figures due this week could heavily impact market expectations and Fed rate decisions. This week, financial markets are at the edge …
AUD/USD: Critical Events to Drive Weekly Dynamics Read More »
Quick Look: Genuine Parts Company (NYSE: GPC) reported Q1 2024 results with modest revenue growth under CEO Paul Donahue and President CO Will Stengel. Sales totalled $5.8 billion, slightly below expectations, influenced by acquisitions and comparable sales decline. Net income declined to $249 million, with EPS at $1.78; adjusted net income was $311 million, surpassing …
Quick Look: New sanctions targeting Venezuela’s crude oil sector affect US Gulf Coast supply as Mexico also cuts exports. US spares Iran’s oil industry, focusing sanctions on UAV production; geopolitical tensions could escalate oil prices. A minor increase in Brent and US crude oil prices despite a significant rise in US crude inventories. This Thursday, …
Crude Oil Market Volatility Amidst New Sanctions Read More »
Quick Look: The Electric Atlas features improved strength, range of motion, and new gripper types, aiming to outperform human movement abilities. Strengthening its partnership with Hyundai, Boston Dynamics focuses on integrating humanoid robots in automotive manufacturing for enhanced efficiency. Introduces ‘Orbit’, a sophisticated platform for robot fleet management, with plans to expand its use to …
Boston Dynamics Launches A Humanoid Robot Electric Atlas Read More »
Quick Look: NZD/USD stalled at 0.5920 and faces resistance at 0.5940 with further hurdles at 0.6100, 0.6135, and 0.6160. Positioned below 200-hour EMA of 0.5950; RSI below 60, suggesting potential upward movement. Cautious investor sentiment due to US inflation, geopolitical tensions, and high US interest rates. The New Zealand Dollar (NZD) is presently encountering a slight …
Quick Look: USD/CAD declined by 0.1%: Recent market events pushed the pair to the mid-1.3750s after a strong start in April. Diverging monetary policies and economic data from the US and Canada influence the currency dynamics. The pair’s break below the 30-day SMA and RSI below 50 suggest downward momentum. The USD/CAD pair experienced a …
Quick Look: WiSA Technologies’s stock jumped 17.1% following a five-year licensing deal with a top HDTV brand. The deal involves integrating WiSA’s E software in HDTV/PTV products, enhancing audio quality. Despite a previous 59.7% YTD decline, this deal boosts WiSA’s market position and investor confidence. WiSA Technologies, traded under the symbol WISA on the NASDAQ, …
WiSA Technologies Soars 17.1% on New 5-Year HDTV Deal Read More »
Quick Look: Gold (XAU) prices rose by Rs 10 per 10 grams, and silver increased by Rs 100 per kilogram in India. Global issues, notably Middle East conflicts, pushed USold to $2,369.93 per ounce. Market sentiment shows that 78% of investors don’t foresee a recession next year. Gold and silver prices in India have seen …
Gold, Silver Up Rs 10, Rs 100 Amid Global Strife Read More »
Quick Look: IMF revises the 2024 global growth forecast by 0.1%, maintaining a stable outlook amidst global challenges. Advanced economies like the US and the Eurozone show positive indicators, surpassing pre-COVID levels. Geopolitical tensions, inflation risks, and differing central bank approaches threaten forecasted growth despite potential economic drivers. The IMF emphasizes urgent reforms for sustained …
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