After facing a decline from the 1.2900 zone, the British Pound is now attempting a recovery wave from the 1.2300 level. The pair fell below the 1.2600 support and even dropped below 1.2400 and the 50-day simple moving average. However, a low was established near 1.2299, leading to the current recovery wave. The upside movement
The Japanese Yen (JPY) is currently facing significant bearish pressure, trading at its weakest level in over three decades against the US Dollar. This downward trend comes after the Bank of Japan’s (BoJ) recent decision to leave monetary policy settings unchanged. The BoJ announced that it would maintain the key interest rate target range steady
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Deutsche Bank has recently reported a significant increase in its first-quarter profit, exceeding analyst expectations and leading to a surge in its share price to a six-year high. This positive news comes amidst a period of recovery for the German lender, particularly in its investment banking unit. Let’s delve into the details of this remarkable
A recent U.S. proposal to use the future interest on approximately $300 billion in frozen Russian assets to assist Ukraine, rather than seizing the assets outright, has been gaining traction among the Group of Seven (G7) nations, according to two G7 officials. The idea is to collateralize the interest earned on these assets, which could
The U.S. economic growth in the first quarter fell below the Federal Reserve’s estimates of the economy’s potential for the first time in nearly two years. The 1.6% rate of expansion registered in the first quarter met that mark after a period above the central bank’s median 1.8% estimate of noninflationary potential. This slowing growth
Investors are currently closely monitoring economic data releases this week to gauge their impact on Federal Reserve monetary policy decisions. The recent S&P Global Flash manufacturing PMI for the U.S. shows a four-month low of 49.9 for April, pointing towards sector contraction. Additionally, forecasts predict a 2.4% GDP growth and a 2.6% PCE inflation rate
The US 100 cash index is currently in the red, trading slightly below the 100-day simple moving average (SMA) and showing a decline from its recent all-time high. Despite some positive earnings reports, market sentiment remains bearish as investors await key US data releases that could significantly impact the upcoming Federal Reserve meeting scheduled for
The gold price (XAU/USD) has recently seen a slight uptick, finding support around the $2,300 mark after a three-day losing streak. This increase can be attributed to a modest USD downtick, coupled with a softer risk tone in the market. Despite these positive indicators, the upside potential for gold seems limited at this point. Traders
Synthesia, a revolutionary artificial intelligence firm backed by Nvidia, has introduced a groundbreaking technology that promises to change the landscape of professional video production. Their new “Expressive Avatars” have the ability to convey human emotions based on text inputs provided by the user, blurring the lines between the virtual world and reality. By eliminating the
U.S. prosecutors are not holding back in seeking justice for the former CEO of cryptocurrency exchange Binance. They are pushing for an above-guidance sentence of 36 months, arguing that this harsh punishment is necessary to reflect the gravity of his crimes. The sentencing memorandum filed with the court for the western district of Washington paints
Gold prices have shown little movement recently, hovering within a narrow range as traders brace themselves for the impact of upcoming U.S. economic data on the Federal Reserve’s interest rate path. Despite a slight uptick to $2,325.23 per ounce, the general market sentiment remains cautious. The looming release of GDP and PCE reports has heightened