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At the beginning of this week, gold prices took a hit as they slipped below the $2320 mark. This downward pressure was also influenced by the lack of safe-haven appeal due to quiet geopolitical events over the weekend. The back-and-forth price action last week, driven by market reactions to potential interest rate hikes and the
Recently, China has initiated an anti-dumping investigation into imported pork and its by-products from the European Union. This move is believed to be targeted towards countries such as Spain, the Netherlands, and Denmark, in response to restrictions on its electric vehicle exports. The investigation, announced by China’s commerce ministry, will specifically focus on various pork
The gold price has fallen to its lowest level in a month, indicating a downward trend in the market. This drop comes after hitting an all-time high of 2,450 and breaking below the 50-day simple moving average (SMA). The price reached a one-month low on June 7, signaling a significant pullback from its record peak.
Costco Wholesale Corp. has been analyzed using Elliott Wave Theory to provide insights into potential trading opportunities based on current market trends. The analysis focuses on both the daily and 4-hour charts to offer a comprehensive view of Costco’s price movements and market structure. The Elliott Wave analysis on the daily chart indicates an impulsive
Starboard Value, the well-known activist hedge fund led by Jeff Smith, has recently acquired a significant stake in graphics-design firm Autodesk. The firm has expressed serious concerns regarding Autodesk’s disclosure practices related to an internal investigation that ultimately led to the removal of their CFO. The activist fund’s stake in Autodesk is said to be
President Emmanuel Macron of France recently made headlines by dismissing extreme economic plans as unrealistic in the face of significant economic challenges. This bold move comes at a crucial time for the country, as decisions made now could have far-reaching consequences for its economy. Macron’s decision to dissolve the government was met with mixed reactions,
The European Central Bank policymakers have confirmed that there is currently no plan to discuss emergency purchases of French bonds, despite the recent turmoil in the French financial markets. The sell-off in French government bonds last week has raised concerns among investors, with the risk premium over safer German paper reaching levels not seen since
The Bank of England (BoE) is scheduled to hold a meeting on Thursday this week at 11:00 am GMT. However, the timing of this meeting has posed a challenge for traders due to the ongoing General Election in the country. It is expected that the central bank will refrain from making any major policy changes
As individuals navigate the world of finances, it is crucial to recognize the inherent risks involved. The information provided on various platforms, including this website, serves as a general guide for educational and research purposes only. It should not be misconstrued as personalized recommendations or advice to initiate any financial actions, such as investments or
China Premier Li Keqiang made a quiet yet significant start to his four-day trip to Australia by visiting a South Australian winery and the Adelaide Zoo. During his visit to the zoo, Li announced that China would provide two new pandas to Australia after the current pair return to China later this year. The pandas,
The AUD/USD exchange rate is highly sensitive to a variety of economic data releases and events. Economists regularly forecast different economic indicators to predict the future movements in the exchange rate. These forecasts are based on a wide range of factors, including changes in the services and manufacturing sectors, retail sales figures, jobless claims, and