Sat, April 27, 2024
Snapchat and new opportunities
Stock Markets

Quick Look: Snapchat achieved $1.2B in revenue, surpassing the expected $1.1B. Reported

Snapchat and new opportunities
Stock Markets

Quick Look: Snapchat achieved $1.2B in revenue, surpassing the expected $1.1B. Reported

Snapchat and new opportunities
Stock Markets

Quick Look: Snapchat achieved $1.2B in revenue, surpassing the expected $1.1B. Reported

TODAY'S FEATURED

gas
Commodities

Quick Look: Natural gas trends bullish at $2.01; potential resistance up to

Oil scores multi-year high then drops
Commodities

Oil caught a three-year high of over $86 per barrel on Thursday

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gas

Natural Gas Prices Climb Amid Geopolitical Tensions

Quick Look: Natural gas trends bullish at $2.01; potential resistance up to $2.22, guided by EMAs. Prices rise amid Middle East tensions and tight supply forecasts. EU sanctions on Russian LNG cut dependency but

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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

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

NZD/USD - New Zealand dollar bills.

NZD/USD Nears 0.5840 Amid Economic Slide

Quick Look: NZD falls to 0.5950. The bearish trend suggests a drop to 0.5840. Business NZ PSI contracts; BNZ forecasts a 2% GDP decline. The upcoming speech by Fed’s Lorie K. Logan is crucial for policy insights. Investors are

EUR/USD - Ahead Of The US CPI Release, The Dollar Rises On High Yields

March CPI Rises 3.5% YOY, Strengthening USD

Quick Look: US CPI rose by 0.4% month-over-month, with an annual increase of 3.5%. March’s Producer Price Index grew by 0.2% month-over-month and up by 2.1% yearly. ECB Holds rates, key rates unchanged; potential rate cut signalled by June.

African cocoa laborers earn less than a dollar a day

Cocoa Prices Triple: Hedge Funds Face Record Exposure

Quick Look: Cocoa prices have skyrocketed, doubling in early 2024 and tripling over the past year. Major chocolate companies face stock declines and increased production costs, pushing chocolate to become a luxury commodity. Financial analysts highlight the negative impact

the aluminium industry only started getting hit this month

Aluminium’s Green Revolution: 5% Premiums Lead Change

Quick Look: Green premiums are rising, with a 5% premium for low or zero carbon emissions aluminium products. Middle-Eastern aluminium commands a 2% green premium, indicating shifting market dynamics. New Zealand is seeing significant interest in its almost zero-carbon

Gold

Gold Hits Record $2,265 Amid Fed Cut Speculation

Quick Look: Gold (XAU) scores record high as prices soared unprecedentedly on Monday. U.S.-China economic health and Fed rate cut probabilities shape gold prices. Bullish sentiment persists, but potential correction looms, influenced by central bank actions and inflation data.

BROKER NEWS

gas

Natural Gas Prices Climb Amid Geopolitical Tensions

Quick Look: Natural gas trends bullish at $2.01; potential resistance up to $2.22, guided by EMAs. Prices rise amid Middle East tensions and tight supply forecasts. EU sanctions on Russian LNG cut dependency but incur high costs. The natural gas market has exhibited signs of resilience, with prices nudging

gasoline

Gasoline Prices Up 0.5%: Geopolitical Tensions Stir Markets

Quick Look: WTI crude is up by 0.3% to $85.43, and Brent crude is up by 0.5% to $89.35 amid global tensions. May gasoline + +0.1%, heating oil + +0.8%, natural gas + +1.1%. Crude inventory +3.2M barrels; gasoline inventory -4.3M barrels. Tehran vows retaliation; Ukrainian attacks impact

African cocoa laborers earn less than a dollar a day

Cocoa Prices Triple: Hedge Funds Face Record Exposure

Quick Look: Cocoa prices have skyrocketed, doubling in early 2024 and tripling over the past year. Major chocolate companies face stock declines and increased production costs, pushing chocolate to become a luxury commodity. Financial analysts highlight the negative impact on companies like Hershey, with consumer behaviour shifting due

the aluminium industry only started getting hit this month

Aluminium’s Green Revolution: 5% Premiums Lead Change

Quick Look: Green premiums are rising, with a 5% premium for low or zero carbon emissions aluminium products. Middle-Eastern aluminium commands a 2% green premium, indicating shifting market dynamics. New Zealand is seeing significant interest in its almost zero-carbon product to capture up to 20% of the market.

Gold

Gold Hits Record $2,265 Amid Fed Cut Speculation

Quick Look: Gold (XAU) scores record high as prices soared unprecedentedly on Monday. U.S.-China economic health and Fed rate cut probabilities shape gold prices. Bullish sentiment persists, but potential correction looms, influenced by central bank actions and inflation data. Gold’s allure has intensified, capturing the attention of investors

Broker News

Admirals UK Achieves Profit Turnaround in 2023

Admirals (formerly known as Admiral Markets), based in the UK, ended 2023 on a high note by earning a net profit of over £46,000. It was a significant improvement from a nearly £291,000 loss

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