This article explores the technical outlook for the Australian dollar, focusing primarily on AUD/USD and AUD/JPY. For a more comprehensive perspective, access the fundamental forecast by downloading the complete second-quarter trading guide. Recommended by David Cottle Get Your Free AUD Forecast AUD/USD Q2 TECHNICAL OUTLOOK AUD/USD remains in a long-term or ‘secular’ downtrend channel which has been in place since...

Crude Oil Q2 Fundamental Outlook Crude oil prices may continue to rise 2024’s second quarter but they remain subject to the considerable near-term uncertainty that dogged them as the year got under way. The Organization of Petroleum Exporting Countries and its allies (the so-called ‘OPEC +’ grouping) have agreed to extend their production cuts of 2.2 million Barrels Per Day....

US Dollar Basket (DXY) The generally accepted benchmark of US performance, the US dollar basket, has enjoyed a great start to the year. The dollar gained in strength as robust data reversed prior aggressive rate cut expectations. Price action received a late boost in March despite the Fed issuing a more dovish message and maintaining its projection of three rate...

Euro Poised for a Fundamental Change The European Central Bank will cut rates in the second quarter of the year and will continue to cut borrowing costs during the second half of the year if recent central bank rhetoric is to be believed. The financial markets certainly think that this is the most likely scenario and that is going to...

03:42 PM EDT, 08/27/2024 (MT Newswires) -- US benchmark equity indexes were mostly higher ahead of Tuesday's close as markets analyzed the latest economic data. The S&P 500 and the Nasdaq Composite were up 0.1% each at 5,624.3 and 17,752.1, respectively. The Dow Jones Industrial Average was little changed at 41,244.3. Among sectors, technology led the gainers, while energy saw...

03:55 PM EDT, 08/27/2024 (MT Newswires) -- Health care stocks edged higher late Tuesday afternoon with the NYSE Health Care Index and the Health Care Select Sector SPDR Fund (XLV) both up 0.1%. The iShares Biotechnology ETF (IBB) eased 0.1%. In corporate news, Cosciens Biopharma ( CSCI ) shares plunged 32% after the company said top-line results from a phase...

03:58 PM EDT, 08/27/2024 (MT Newswires) -- Tech stocks rose late Tuesday afternoon, with the Technology Select Sector SPDR Fund (XLK) adding 0.8% and the SPDR S&P Semiconductor ETF (XSD) up 0.7%. The Philadelphia Semiconductor Index climbed 1.1%. In corporate news, Bill (BILL) shares jumped 7% in recent trading, a day after the company's chief executive and financial officers bought...

03:52 PM EDT, 08/27/2024 (MT Newswires) -- Consumer stocks were mixed late Tuesday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) shedding 0.2%. Redbook US same-store sales last week rose 5% from a year earlier after a 4.9% increase in the previous week. In corporate news, Trip.com's...

In the last three months, 10 analysts have published ratings on Monolithic Power Systems ( MPWR ) , offering a diverse range of perspectives from bullish to bearish. In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months. Bullish Somewhat Bullish Indifferent...

IBM ( IBM ) underwent analysis by 7 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish. The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 2 2...

(Reuters) - Intel ( INTC ) and the U.S. government are on track to finalise $8.5 billion in direct funding for the chipmaker before the end of the year, the Financial Times reported on Friday, citing people familiar with the discussions. (Reporting by Rhea Rose Abraham in Bengaluru) ...

(Reuters) - Mazda ( MZDAF ) is recalling 77,670 sports vehicles in the U.S. over a software error that may cause the front airbags to deploy with excessive force in a crash, the U.S. National Highway Traffic Safety Administration said on Friday. The recall involves some MX-5 Miata vehicles from model years 2016-2023. Dealers will update the air bag sensor...

The Madhya Pradesh Assembly election exit poll results will be streamed live on all News18 network channels, including CNBCTV18, after 6.30PM on Thursday, November 30.

The cases were lodged against Union Minister of State Rajeev Chandrasekhar over his controversial social media posts following the blasts at a convention centre in Kochi during a prayer meeting of Christian religious group Jehovah's Witnesses.

As part of the Yatra, more than 2,500 mobile performing vans and over 200 mobile theatre vans will be pressed into service to cover the 2.55 lakh gram panchayats and clusters in all cities and towns of the country.

The Karnataka Assembly election results threw up an unexpected suspense on Tuesday, as a simple majority tantalisingly eluded BJP and...

In a big boost to farmers in India's youngest state, Telangana Chief Minister, K Chandrashekhar Rao, on Thursday launched the...

Indian refiners said on Wednesday they were in no hurry to replace Iranian oil with alternatives, counting on the fact...

It is a much more difficult thing at the moment for the US to induce other countries to reduce their...

A court in Shanghai sentenced the founder of the Chinese insurance company that owns New York City's Waldorf Hotel to...

The Discovery Fund aims to identify and empower entrepreneurs and early-stage startups to leverage the potential of cryptocurrencies to address real-world problems.

The crypto industry has been focussing hard on making the business more environment friendly.

Shark Tank star and Canadian millionaire Kevin O’Leary, who has always been bullish on Bitcoin, expressed how the adoption of green energy by mining companies could reduce fossil fuel usage and trigger a wider acceptance of sustainable energy

El Salvador and Iceland are hotspots to watch out for as world wakes up to power of cutting-edge geothermal.