The AUD/USD pair has seen a rise to 0.6620 in the New York session on Tuesday. This increase comes amidst a positive market mood and a decrease in the value of the US Dollar. This shift in the forex market has led to a strengthening of the Aussie asset, as the US Dollar Index (DXY)
admin
The past few weeks have seen fluctuations in the price of crude oil, with support levels seen at $77 per barrel for WTI and $82 per barrel for Brent. There has been a period of consolidation since the second half of February, during which the price struggled to rise above the 200-day average. The recent
Swedish financial technology company, Klarna, recently announced that a significant portion of its workforce has embraced the use of generative artificial intelligence tools in their daily tasks. With nearly 9 out of 10 employees, totaling 5,000 individuals, utilizing generative AI, Klarna is leading the way in incorporating this cutting-edge technology into its operations. The adoption
The gold price (XAU/USD) showed strength in trading on Tuesday, despite the US Dollar (USD) consolidating. Investors are showing caution and waiting on the sidelines ahead of key US economic data releases later this week. The upcoming US economic data releases, including the Producer Price Index (PPI) for April and Federal Reserve Chair Jerome Powell’s
The recent performance of US stock indexes has been rather turbulent, with the S&P 500 struggling to reach its March record high. Investors are particularly concerned about key inflation readings and upcoming earnings reports. A Federal Reserve Bank of New York survey revealed that Americans anticipate inflation to reach 3.3% in the next year, up
In this insightful analysis, we will delve into the Elliott Wave charts of Copper Futures HG_F, which have been exclusively shared with members on the website. The bullish trend in Copper, starting from the 3.6592 low, has caught the attention of traders, leading to a preference for long positions in the market. A recent 3-wave
The DXY Index is currently showing slight losses at 105.35, signaling a modest bearish trend. Market attention is focused on conservative comments from the Federal Reserve, as well as expectations for April inflation that could influence the outlook for the US Dollar. Despite this, bets on the Fed remain steady, providing some support for the
The recent announcement of Adam Dodds stepping down as CEO of Freetrade marks the beginning of a new era for the U.K. stock trading service. Dodds, who co-founded the company in 2016, will be succeeded by Viktor Nebehaj, the current chief operating officer of Freetrade. This change in leadership comes as Freetrade embarks on the
The current price of Brent crude oil, hovering around 82.55 USD per barrel, is experiencing a decline due to the uncertainty surrounding demand levels. The market is under significant pressure as recent statements from the US Federal Reserve have hinted at the possibility of sustained high-interest rates. This expectation is likely to hinder economic growth,
The world of investing was turned upside down in early 2021 when Keith Gill, famously known as “Roaring Kitty” or “DeepF——Value,” inspired a massive short squeeze on GameStop. Gill, a former marketer, captivated an army of day traders on Reddit who rallied behind him to drive up the price of GameStop shares and call options.
Silver prices (XAG/USD) experienced a slight decrease on Monday, trading at $28.13 per troy ounce, down by 0.14% from the previous Friday. Despite this recent dip, silver prices have risen by 10.44% since the beginning of the year. The Gold/Silver ratio, indicating the number of troy ounces of Silver required to match the value of
As the week kicks off, Wall Street is poised for a positive start with U.S. stock futures edging higher. The Dow futures contract, S&P 500 futures, and Nasdaq 100 futures all show gains, reflecting a positive tone in the market following a series of winning sessions and a strong week for the Dow Jones Industrial