The GBP/USD pair is currently trading above the crucial level of 1.3100, indicating that buyers are in control of the market sentiment. The Relative Strength Index (RSI) also confirms this bullish view, suggesting that the pair may be eyeing the 1.3200 resistance level in the near term. If the pair manages to clear the hurdle
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The silver price has been on a downward trend for the fourth consecutive day, currently hovering around $27.90 during Wednesday’s early European session. The decline of 0.55% can be attributed to several factors including a stronger USD and concerns about Chinese demand. The recent slowdown in China’s service activity growth, as indicated by the drop
The Japanese Yen has seen a slight uptick as the government announced a substantial allocation of ¥989 billion towards energy subsidies. This move has provided support to the currency amid economic uncertainties and challenges. Recent weak manufacturing data in Japan has led to speculation that the Bank of Japan (BoJ) might delay any further rate
CrowdStrike Holdings, Inc. (CRWD) is a cybersecurity technology company based in Austin, Texas. It specializes in providing cloud workload and endpoint security, threat intelligence, and cyberattack response services. The article discusses a forecast made three years ago, analyzing the market cycle and potential corrections in the stock price. The initial forecast predicted the end of
The US inflation, as measured by the PCE Price Index, remained unchanged at 2.5% year-over-year in July. This news has caused mixed reactions in the market, with some investors seeing it as a sign of stability, while others view it as a potential hindrance to future economic growth. The strength of the US economy has
As the US core PCE reading for July revealed a 2.6% increase in prices year over year, in line with expectations but slightly below estimates, the markets reacted by pushing gold prices below $2,500. The headline PCE came in at 2.5% year over year, falling short of the projected 2.6% rise. This data led to
In Friday’s early Asian session, the EUR/USD pair was seen trading stronger near 1.1080. This recovery came after the US Gross Domestic Product (GDP) growth rate rose at an annual rate of 3.0% in the second quarter (Q2). This figure surpassed expectations and the initial estimate of 2.8% which was released by the Department of
The NZD/USD pair has been showing strength around 0.6280 in the early Asian session, marking a 0.57% increase for the day. One of the key factors influencing this movement is New Zealand’s Business Confidence, which has surged to the highest level in a decade based on the recent ANZ Business Outlook survey. This positive outlook
The Indian Rupee (INR) is under pressure in Wednesday’s early Asian session due to weakening in Asian peers and month-end USD demand. The local currency is also impacted by US Dollar (USD) demand from importers. Despite these challenges, positive domestic markets and Federal Reserve (Fed) Chair Jerome Powell’s dovish comments at the recent Jackson Hole
In Tuesday’s early Asian session, the Indian Rupee weakened due to month-end USD demand and higher crude oil prices. Traders are closely watching the US August CB’s Consumer Confidence ahead of key events later in the week. Anuj Choudhary, Research Analyst at Sharekhan by BNP Paribas, predicts that the rupee will trade with a slight
The Dow Jones Industrial Average soared to new heights on Monday, showcasing bullish momentum in the U.S. stock market. However, the enthusiasm was not shared by the tech sector giants, as the S&P 500 and Nasdaq experienced slight dips in performance. Despite this mixed finish, there is a silver lining to be noted – a
The S&P 500 saw a recovery after a weak Thursday close, with indications pointing towards interest rate sensitive plays outperforming largecaps on Friday. This trend was expected to continue throughout the week, driven by stable interest rates and growing confidence in a soft landing. However, this positive outlook came at the expense of the dollar,