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Australian Dollar Q2 Fundamental Forecast: Long AUD/USD Downtrend May Be Fading at Last
Australian Dollar Q2 Fundamental Forecast: Long AUD/USD Downtrend May Be Fading at Last
Mar 28, 2024
This article focuses on the fundamental outlook for the Australian dollar. If you would like to learn more about technical forecast and price action analysis, download DailyFX’s complete second-quarter forecast by clicking the link below. It's free! Recommended by David Cottle Get Your Free AUD Forecast Australian Dollar Q2 Fundamental Outlook The Australian Dollar has endured a miserable couple of...
Euro declines to five-week trough amid thin trading
Euro declines to five-week trough amid thin trading
Mar 29, 2024
Euro Decline Amid Holiday Thin Trading Euro declined in European trade on Friday against a basket of major rivals, sharpening losses for the fourth straight session against the dollar and plumbing five-week lows amid thin trading due to the Good Friday holiday. Euro Heading for Quarterly Loss Euro is heading for a quarterly loss, the second in the three quarters...
Euro Outlook
Euro Outlook
Mar 28, 2024
Most Read: Pound Sterling Update: UK Recession Confirmed by Final GDP Data, GBP Mixed Trading can sometimes feel like a popularity contest, where following the crowd seems the safest bet. However, experienced traders know that hidden opportunities often lie in taking the road less traveled. Contrarian indicators, like IG client sentiment, offer valuable glimpses into the market's mindset. By understanding...
Japanese Yen Q2 Technical Forecast: USD/JPY, EUR/JPY, GBP/JPY at Critical Juncture
Japanese Yen Q2 Technical Forecast: USD/JPY, EUR/JPY, GBP/JPY at Critical Juncture
Mar 28, 2024
This article focuses primarily on the technical outlook for the yen. For a deeper understanding of the fundamental factors driving the Japanese currency's trajectory in the second quarter, feel free to download our comprehensive Q2 forecast. It's complimentary! Recommended by Diego Colman Get Your Free JPY Forecast USD/JPY TECHNICAL OUTLOOK USD/JPY soared during the first three months of 2024, advancing...
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FedEx jumps on profit beat, improved margins in its largest unit
FedEx jumps on profit beat, improved margins in its largest unit
Mar 22, 2024
(Reuters) - FedEx ( FDX ) shares surged in premarket trading on Friday after the parcel giant beat estimates for quarterly profit and reported a higher operating margin at Express, its largest unit. Shares of the company rose 12.4% to $297.75 before the bell, with rival UPS up 3.5%. FedEx ( FDX ) has taken several measures to protect margins...
Japan's union group Rengo announces biggest wage hikes on record
Japan's union group Rengo announces biggest wage hikes on record
Mar 22, 2024
TOKYO (Reuters) -Japanese firms have agreed to raise pay by 5.25% this year, the biggest rise under comparable data since 2013, the country's largest union group Rengo confirmed on Friday. The results of the closely-watched wage negotiations are announced in several stages, in which the blue-chip firms are first to wrap up their talks in mid-March. The second announcement on...
Cathie Wood's ARK Invest scoops up nearly 10,000 Reddit shares in debut
Cathie Wood's ARK Invest scoops up nearly 10,000 Reddit shares in debut
Mar 22, 2024
(Reuters) - Popular investor Cathie Wood's ARK Invest bought nearly 10,000 shares of Reddit ( RDDT ) in the social media platform's strong market debut on Thursday, an email from the asset manager showed. A total of 9,982 shares of the loss-making company was added to ARK Next Generation Internet ETF ( ARKW ) and ARK Fintech Innovation ETF (...
India stops taking Russian oil delivered on Sovcomflot tankers, Bloomberg News reports
India stops taking Russian oil delivered on Sovcomflot tankers, Bloomberg News reports
Mar 22, 2024
March 22 (Reuters) - All of India's refiners are now refusing to take Russian crude carried on PJSC Sovcomflot tankers due to U.S. sanctions, Bloomberg News reported on Friday. Reuters reported earlier this week that India's Reliance Industries, operator of the world's biggest refining complex, would not buy Russian oil loaded on tankers operated by shipper Sovcomflot (SCF) after recent...
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US Prosecutors Charge Canadian Hacker in $65M Crypto Heist
US Prosecutors Charge Canadian Hacker in $65M Crypto Heist
Feb 4, 2025
U.S. authorities have charged 22-year-old Canadian Andean Medjedovic for allegedly stealing approximately $65 million from two decentralized finance (DeFi) protocols, Indexed Finance and KyberSwap. The U.S. Department of Justice (DOJ) announced on February 3 that a federal court had unsealed a five-count indictment against him. The Charges Against Medjedovic According to court documents, Medjedovic manipulated smart contracts on the two...
Bitcoin Leads US Equity Markets Amid Macro Developments, Yet Stays Resilient: Report
Bitcoin Leads US Equity Markets Amid Macro Developments, Yet Stays Resilient: Report
Feb 4, 2025
Bitcoin (BTC) is becoming increasingly sensitive to macroeconomic factors. In fact, the digital asset is leading equity markets in the United States in response to President Donald Trumps latest economic and policy changes. Despite this heightened sensitivity to macroeconomic developments, BTC has remained resilient, exhibiting structural strength in higher time frames. The cryptocurrency has outperformed U.S. equities like the SP...
El Salvador Buys the Dip, Adds 11 BTC to Its Holdings
El Salvador Buys the Dip, Adds 11 BTC to Its Holdings
Feb 4, 2025
El Salvador has expanded its Bitcoin reserves by purchasing an additional 11 BTC on February 4. The move is part of President Nayib Bukele’s ongoing strategy to accumulate the cryptocurrency, particularly during market downturns. Bitcoin Purchases According to the Nayib Bukele Portfolio Tracker, the latest acquisition brings El Salvador’s total holdings to 6,067.18 BTC, valued at approximately $613.7 million. The...
Are Cardano Bulls in Trouble? Whales Unload Millions Worth of ADA
Are Cardano Bulls in Trouble? Whales Unload Millions Worth of ADA
Feb 4, 2025
TL;DR One popular analyst claimed that ADA whales haven’t bought the dip. Instead, they have sold almost $250 million worth of the asset. Contrary to the recent crash, analysts predict a reversal to over $1, with factors like a potential Ripple-Cardano partnership and regulatory efforts boosting optimism. Another Correction on the Horizon? The cryptocurrency market decline witnessed at the start...
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