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
Despite the ongoing geopolitical tensions in the Middle East, the gold price kicked off the new week on a positive note, hovering around $2,360 on Monday. The safe-haven appeal of gold has been evident, especially with the escalating tensions in the region. Last week, several US Federal Reserve officials made hawkish comments that could potentially
Market sensitivity to economic data, particularly the Michigan Inflation Expectation numbers released last Friday, has the potential to significantly impact the USD/JPY exchange rate. An unexpected increase in the Michigan Inflation Expectations Index led to gains for the USD/JPY pair. Looking ahead, investors should pay close attention to speeches by FOMC members, such as Loretta
Gold prices in 2024 have shown remarkable resilience despite a strong U.S. dollar and hawkish statements from the Federal Reserve. While traditional economic indicators would suggest a downward trend for gold prices in such conditions, there are several key factors at play that have kept the precious metal’s value strong. One of the primary reasons
Chinese companies have once again emerged victorious in the Iraqi oil and gas exploration sector, securing five more bids to explore new fields. This comes as no surprise, as Chinese companies have been the sole foreign players to win bids in this round, with licenses covering a total of 10 oil and gas fields. Additionally,
Australia’s government recently announced updated inflation projections, indicating a faster than expected moderation to the central bank’s target range of 2%-3% by the end of the year. While the previous forecast in December suggested that consumer price inflation would slow to 3.75% by mid-2024 and 2.75% by mid-2025, the new projection anticipates that headline inflation
The recent adjustment in inflation forecasts by the central bank has highlighted a dovish tilt in overall policy decisions. While the bank still maintains its projection of reaching the 2.0% inflation target in Q2 of the current year, there has been a downward revision in the forecast for the second half of the year. The
The monthly chart for GBP shows a potential uptrend, but the key resistance level at $1.3142 needs to be surpassed for a confirmed long-term uptrend. The monthly support level at $1.2173 is seen as the next downside target for GBP bears, indicating a bearish trend in the long term. Daily Chart Trend The daily chart