US Dollar Analysis and Chart US economy expands by 2.8% in Q2, initial data show.US dollar little changed, eyes Friday’s US Core PCE release.For all high-impact data and event releases, see the real-time DailyFX Economic Calendar The US economy expanded by 2.8% in Q2 - beating market forecasts of 2% - according to recently released BEA data. Compared to the...

EUR/USD Retail Sentiment Analysis Current Market Sentiment 48.19% of traders are net-long on EUR/USDThe ratio of short to long traders is 1.07 to 1Recent Changes: Net-long traders: 5.58% decrease since yesterday, 5.71% increase from last weekNet-short traders: 7.39% decrease since yesterday, 20.11% decrease from last weekAnalysis: The market is slightly bearish, with more traders shorting EUR/USD than going long.Typically, a...

​​​Profit slump and financial performance ​Tesla's second-quarter profits for 2024 plummeted by 45%, with net income falling to $1.47 billion, well below analysts' expectations of $1.9 billion. The electric vehicle giant faced headwinds from slower sales, increased costs due to employee layoffs, and significant investments in artificial intelligence infrastructure. ​Despite these challenges, revenues rose 2% to $25.5 billion, narrowly exceeding...

Article written by Tony Sycamore, Market Analyst for IG Australia When will Apple report its latest earnings? Apple is scheduled to report its third quarter (Q3) earnings on Thursday, August 1, 2024. Key Financial Metrics Last quarter (Q2), Apple reported a revenue beat of $90.75 billion vs. $90.01 expected and an EPS beat of $1.53 vs. $1.50 estimated. The company...

Robert Sockin, Global Economist at Citi, shared his perspectives on the US monetary policy and the Federal Reserve's commentary. Sockin believes the Fed may be done with interest rate hikes and will likely move into a wait-and-watch mode now.

Dean Kim, the Head of Global Research Product at William O'Neil + Co. says there's an anticipated upswing in investor interest for emerging markets, especially India, now that the US is showing signs of recovery,

South Korea started allowing short-selling of stocks on the two indexes in May 2021 while keeping a pandemic-era ban in place for more than 2,000 equities.

A lower-than-expected inflation reading in the US for October sparked a market rally, fueled by hopes that the Federal Reserve's interest rate hike cycle might be concluding, subsequently driving down yields and the dollar index.

Monday, Oct. 15CrossFi, Built on Cosmos SDK, to Launch EVM-Compatible L1 Mainnet on TuesdayCrossFi, built on Cosmos SDK and using Ethermint and Evmos to be interoperable with the Ethereum Virtual Machine, will be launching its EVM-compatible layer-1 mainnet on Tuesday, offering a platform for Web3 payments with Alchemy as a launch partner, following a testnet launch with over 1 million...

European provider of EU-GxP (European Good Practice) compliant seed-to-sale cannabis software, TRUSTT, has launched a free plan.This innovative offering is designed to support smaller and startup cannabis cultivation facilities in achieving EU-GxP compliance, optimizing crop monitoring, and streamlining operations – all at no cost. Applications are now open to the first 20 facilities worldwide until Oct.31, with plans to extend...

SMART Glb Hldgs is preparing to release its quarterly earnings on Tuesday, 2024-10-15. Here's a brief overview of what investors should keep in mind before the announcement. Analysts expect SMART Glb Hldgs to report an earnings per share (EPS) of $0.40. The announcement from SMART Glb Hldgs is eagerly anticipated, with investors seeking news of surpassing estimates and favorable guidance...

Deep-pocketed investors have adopted a bullish approach towards Qualcomm ( QCOM ) , and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in QCOM usually suggests something big is about to happen. We gleaned this information from...

Greece has repeatedly asked the British Museum to permanently return the 2,500-year-old sculptures that British diplomat Lord Elgin removed from the Parthenon temple in the early 19th century when he was ambassador to the Ottoman Empire.

British politics is abuzz with musical chairs like excitement. PM Rishi Sunak, who had to remove his outspoken interior minister Suella Braverman for her article on a pro-Palestine march in UK, has brought ex-PM David Cameron — who had lost the top job over Brexit — back into the fresh equation.

Besides Clapton, Alicia Silverstone, Rob Schneider and Woody Harrelson (who later retracted) have publicly supported RFK Jr, who reportedly said COVID-19 may just be 'ethnically targeted.' The virus targets Caucasians and Black people while sparing Ashkenazi Jewish people and Chinese people, he said at a New York dinner.

Canadian Prime Minister Justin Trudeau also said on Tuesday (September 19) his government does not seek to 'escalate' tensions with India. This, in the backdrop of the two countries expelling a senior diplomat each.

The airline, which was once considered the pride of Pakistan and was the first international airline to be given access to fly to Beijing, is said to be suffering millions in losses on a daily basis.

ANZ managers have informed their respective teams about the new policy this week in generic emails, reaffirming the bank's expectation that staff devote at least half their working hours in the office each month, afr.com reported.

Pfizer announced the deal in March, its largest purchase in a string of recent acquisitions thanks to a once-in-a-lifetime cash windfall from its COVID-19 vaccine and treatment.

Companies are increasingly committing to their own timelines for reducing their emissions, but many acknowledge that their ability to slow planet-warming CO2 emissions is contingent on faster action from governments.

Ripple CEO Brad Garlinghouse expects the native token to be included in the White House’s proposed digital asset reserves and anticipates an XRP exchange-traded fund (ETF) to debut before 2025 ends. His comments, made in a Bloomberg Markets interview, followed news that the U.S. Securities and Exchange Commission (SEC) has abandoned its appeal in its long-running case against Ripple. In...

TL;DR Ethereum remained one of the altcoins that failed to chart a new all-time high during the most recent bull cycle and now stands 50% away from its local peak. However, ETH holders have continuously removed the number of tokens sitting on exchanges, which could suggest that a price rally could finally be around the corner. ETH on Exchanges Diminishes...

In crypto trading, timing is everything and can be the difference between huge profits or disappointing losses. This was made quite clear recently when a crypto whale pocketed $1.8 million in profits from Aave (AAVE) trades but left a staggering $10.9 million on the table due to a poorly timed exit. The whale, identified by the wallet address “0xfc0,” accumulated...

This week, we examine Ethereum, Ripple, Cardano, Binance Coin, and Toncoin in greater detail. Ethereum (ETH) For the first time in over three weeks, Ethereum closes the past seven days in green with almost a 4% gain. This comes after the price bounced on the key support at $1,800 and briefly revisited $2,000. However, at the time of this post,...