Fri, April 19, 2024
Last Week’s Stock Market Overview
Stock Markets

Quick Look: Genuine Parts Company (NYSE: GPC) reported Q1 2024 results with

Last Week’s Stock Market Overview
Stock Markets

Quick Look: Genuine Parts Company (NYSE: GPC) reported Q1 2024 results with

Last Week’s Stock Market Overview
Stock Markets

Quick Look: Genuine Parts Company (NYSE: GPC) reported Q1 2024 results with

TODAY'S FEATURED

Oil
Commodities

Quick Look: New sanctions targeting Venezuela’s crude oil sector affect US Gulf

Oil Giant BP Surpassed Expectations in the Third Quarter
Commodities

BP is regarded as one of the major companies in the oil

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EDUCATION

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Oil

Crude Oil Market Volatility Amidst New Sanctions

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

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    Comments Rating 3.08 (3 reviews)
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    Comments Rating 5 (1 review)

FOREX NEWS

FOREX NEWS

BROKER NEWS

GBP/USD: British pound sterling coins.

GBP/USD Down 3.7%, Tests Key Support at 1.2430

Quick Look:  GBP struggles at 1.2430 against USD, down 3.7% from March highs. CPI, retail data influence GBP/USD amid Fed and BoE rate speculations. Fed maintains firm stance on rates, BoE signals potential easing. GBP/USD faces critical support at

The Euro at Its Lowest Since 2020 (EUR/USD)

EUR/USD Eyes 1.0665 Amid Mixed Central Bank Signals

Quick Look: EUR/USD shows potential for a minor rebound, facing mixed market sentiments. Key support at 1.0600-1.0605, with resistance near 1.0710. Hawkish Fed vs ECB rate cut rumours fuel volatility. Upcoming economic events include UK inflation data and the

The US Dollar to Swiss Franc currency par (USD/CHF)

USD/CHF Neutral at 0.9150 Amid Market Uncertainties

Quick Look:  USD/CHF holds steady at 0.9150, with support at 0.8996. US dollar buoyed by geopolitical tensions and firm bond yields. Swiss National Bank may cut rates due to low inflation. Technical analysis suggests a possible bullish reversal above

AUD/USD - The Greenback: US dollar and Australian dollar banknotes.

AUD/USD Hits 2024 Low; Key Support at 0.6443

Quick Look: AUD/USD hits 2024 lows, finding support at 0.6443, with eyes on further drops. Central banks’ moves and economic policies in the US and China drive the currency trends. US retail sales and Chinese economic reports, including Q1

Palladium

Palladium Falls to $1,041 Amidst Global Shifts

Quick Look: Current price falls to $1,041.05, down 2.91% today and 5.32% annually. Influenced by geopolitical events and shifts in auto industry demands. Palladium futures remain active, with an uncertain market outlook. In recent trading sessions, palladium has witnessed

wheat

Wheat Prices Drop to $569.80, Forecast to Hit $541.80

Quick Look:  Wheat prices show a bearish trend, currently at $569.80. The market faces pressures from the strong US dollar and high Russian shipments. Global supply abundance could push prices down to $552.80 or $541.80. US dollar strength impacts

The Central Bank of Russia and crypto, nickel

Indonesia’s Nickel Surge: 95% Coal Power in 2024

Quick Look: Nickel smelting causes local communities severe health problems and environmental impact. Indonesia uses coal power for operations, bucking global clean energy trends. The nickel market flooded, reducing global prices and affecting major producers. Industry incidents and poor

spirulina

Spirulina Market to Hit $1077.96M by 2029, 7% CAGR

Quick Look: The Spirulina Market is Predicted to grow to USD 1077.96 million by 2029 at a 7% CAGR. Health trends and technological advancements drive market growth, particularly in plant-based supplements. Challenges include price fluctuations, environmental concerns, and regulatory

BROKER NEWS

Oil

Crude Oil Market Volatility Amidst New Sanctions

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

Palladium

Palladium Falls to $1,041 Amidst Global Shifts

Quick Look: Current price falls to $1,041.05, down 2.91% today and 5.32% annually. Influenced by geopolitical events and shifts in auto industry demands. Palladium futures remain active, with an uncertain market outlook. In recent trading sessions, palladium has witnessed a notable decline. The current price reached  $1,041.05. Thereby

wheat

Wheat Prices Drop to $569.80, Forecast to Hit $541.80

Quick Look:  Wheat prices show a bearish trend, currently at $569.80. The market faces pressures from the strong US dollar and high Russian shipments. Global supply abundance could push prices down to $552.80 or $541.80. US dollar strength impacts the overall commodity market, lowering demand. Global events like

The Central Bank of Russia and crypto, nickel

Indonesia’s Nickel Surge: 95% Coal Power in 2024

Quick Look: Nickel smelting causes local communities severe health problems and environmental impact. Indonesia uses coal power for operations, bucking global clean energy trends. The nickel market flooded, reducing global prices and affecting major producers. Industry incidents and poor safety conditions highlight systemic management issues. Indonesia’s boom conflicts

spirulina

Spirulina Market to Hit $1077.96M by 2029, 7% CAGR

Quick Look: The Spirulina Market is Predicted to grow to USD 1077.96 million by 2029 at a 7% CAGR. Health trends and technological advancements drive market growth, particularly in plant-based supplements. Challenges include price fluctuations, environmental concerns, and regulatory hurdles, but opportunities exist in diversification and new markets.

Plus500 Witnesses Growth in Q1 Revenue

In the first quarter, Plus500 reported a $215.6 million revenue, marking a 4% rise Y-o-Y and a 14% increase Q-o-Q. Customer income was $169.6 million, with $30.6 million coming from customer trading performance. The

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