In the world of exchange-traded funds, Roundhill Investments has made a bold move by introducing the GLP-1 & Weight Loss ETF (OZEM). This ETF focuses on companies involved in the development and production of GLP-1 weight loss drugs, with a particular emphasis on leaders such as Eli Lilly and Novo Nordisk. Explosive Growth Potential According
The early hours of Monday saw very little activity in the forex market. This lack of movement can be attributed to Memorial Day in the United States and a bank holiday in the UK. These holidays led to a decrease in liquidity within the market, resulting in minimal trading activity. Despite the quiet market conditions,
India, Asia’s third-largest economy, is expected to have experienced its slowest pace of growth in a year during the January-March quarter. Economists predict that the country’s GDP growth rate likely slowed to an annual 6.7% in the last quarter. This is in contrast to the unexpected 8.4% growth recorded in the October-December period. Reasons for
Last week, both gold and silver prices experienced a significant drop in value due to the Federal Reserve’s hawkish meeting minutes and the release of strong U.S. economic data. Fed officials made it clear that they prioritize controlling inflation before considering any rate cuts, leading to a lack of investor confidence in precious metals. Additionally,
In a strategic move to boost its global presence, Alibaba’s international e-commerce platform, AliExpress, has signed a groundbreaking partnership with soccer legend David Beckham. The announcement marks a significant milestone in the company’s efforts to expand beyond its Chinese market and compete with other global players. This partnership comes at a time when Chinese companies,
The EUR/USD pair is currently showing positive signs above the 1.0800 support level, indicating a potential upside break above the 1.0880 resistance on the 4-hour chart. The recent increase in the Euro against the US Dollar has been supported by a base formation and a break above key moving averages. Additionally, the pair is currently
Investors are closely monitoring the comments from Fed speakers regarding inflation, economic outlook, and interest rates. Last week, the FOMC Meeting Minutes, labor market data, and the US Services PMI shifted investor expectations of a September Fed rate cut. Despite a slight relief in Michigan Inflation Expectations rising from 3.2% to 3.3% in May, which
It’s no secret that sometimes it pays to pay with cash. More and more merchants are offering discounts to customers who choose to pay with paper instead of plastic. Typically, cash discounts run about 2% to 4% on purchases, though savings can be even higher in some cases. While only about 3% of all cash
In recent months, central banks around the world have been closely monitoring economic data in order to make crucial decisions regarding monetary policy. The most recent Federal Open Market Committee (FOMC) meeting, as well as data releases from the UK and eurozone, have provided valuable insight into the current state of the global economy. The
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As we look at the current monthly chart, the 200-day SMA is a significant level to watch, with potential downside support around 104.39. A break below this level could open the door to 103.62 support. Additionally, the Relative Strength Index (RSI) has struggled to move above the 50.00 centerline recently, hinting at a bearish sentiment
French President Emmanuel Macron’s upcoming visit to Germany for a three-day state visit followed by a bilateral cabinet meeting underscores the importance of unity between the European Union’s two biggest powers ahead of the EU parliamentary elections next month. This visit, which includes stops in Berlin, Dresden, and Muenster, marks the first French presidential state