GBP/USD Price Analysis: Pound is under increasing bearish pressure with 1.2500 support in play The Sterling keeps trading within a bearish channel from early March lows and seems ready to test an important support area at 1.2500. Wednesday’s long negative candle reflects an impulsive bearish move and gives sellers hope to explore fresh year-to-date lows. Read More…
Month: April 2024
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
Why can’t we think of benefiting from rising prices by participating in that trend as investors? Let me explain. I wrote to you about the rally in Gold prices more than a month ago. Now gold has rallied to all-time highs recently. Consumers who were planning to buy gold are worried as they will have
Global financial markets are bracing for potential upheaval as geopolitical strains drive gold to new record while oil prices surge. This surge, alongside the rally in metals like Copper, ignites concerns over an inflation comeback. Such inflationary pressures, combined with a revival in manufacturing and service sectors, could deter major central banks from implementing significant
We’re Hiring, Part-time heroes wanted, sign at entrance to Target Store, Queens, New York. Lindsey Nicholson | Universal Images Group | Getty Images The unemployment rate among Black Americans jumped in March, according to data released Friday by the Department of Labor. Black unemployment rose to 6.4% last month, up from 5.6% in February. That’s
Pictured here is a Foxconn factory in Zhengzhou city on Sept. 4, 2021. Vcg | Visual China Group | Getty Images Apple iPhone manufacturer Foxconn on Friday posted a dip of 9.6% in revenue for the first quarter of 2024, compared to the same period last year. The company, which trades as Hon Hai Precision
Gold hits record highs, defying US Nonfarm Payrolls spike and US Dollar gains, highlighting safe-haven status. Fed rate cut outlook adjusted after employment data, central bank remarks. Geopolitical tensions and strong demand from China bolster Gold’s market strength. Gold rallied to a new all-time high, ignoring a strong March Nonfarm Payrolls report in the United
Crude oil futures are settling at $85.43. That is up $0.28 or 0.33%. The high price for the day reached $86.20. The low price was at $84.85. The weekly inventory data showed that crude oil stocks showed a build of 3.210 million barrels. The expectations was for a draw of -1.511 million barrels. Gasoline stocks
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
Oil prices extended gains on Wednesday as investors worried about supply disruptions from a worsening geopolitical landscape, although a surprise jump in U.S. crude oil inventories eased some of those concerns. Brent crude futures rose 84 cents, or 0.9%, to $89.76 a barrel by 11:38 a.m. ET (1538 GMT). U.S. West Texas Intermediate futures rose
The forex markets showed rather muted response to the latest batch of economic data released today. Euro has continued its near-term recovery, unaffected by Eurozone’s lower than expected CPI flash data coming. This lack of response likely stems from the understanding that a slight miss in CPI figures does not significantly alter ECB plans for
Flat Rock, North Carolina, parked tractor trailer billboard with now hiring, Ingles supermarket. Jeff Greenberg | Universal Images Group | Getty Images Private sector job growth expanded in March at its fastest pace since July 2023, indicating continuing buoyance in the U.S. labor market, payrolls processing firm ADP reported Wednesday. Companies added 184,000 workers on
In this article WBA Follow your favorite stocksCREATE FREE ACCOUNT A person rides past a Walgreens truck, owned by the Walgreens Boots Alliance, Inc., in Manhattan, New York City, U.S., November 26, 2021. Andrew Kelly | Reuters Walgreens on Thursday reported fiscal second-quarter sales that beat Wall Street’s expectations, but lowered the high end of
Mexican Peso rises despite higher US Treasury yields, mixed data. Atlanta Fed President Bostic’s hawkish outlook sponsored traders repricing for a less dovish Fed. US jobs data was strong, while Services PMI suggests business activity decelerates. The Mexican Peso posts gains against the US Dollar on Wednesday as US Treasury yields climbed, sponsored by Atlanta