Dollar Strengthens Amid Declining Rate Cut Odds The dollar rose in European trade on Friday against a basket of major rivals, maintaining gains for the fourth straight session near six-week highs as the odds of a June Fed interest rate cut decline. Now investors await important US personal spending data later today, in addition to Fed Chair Jerome Powells speech....

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...

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...

Q2 GBP/USD, EUR/GBP, and GBP/JPY Technical Outlooks The British Pound has started re-pricing against a range of currencies after the Bank of England’s shift in tone. Ahead of the March meeting, financial markets had penciled in the first UK rate in mid-Q3 and priced Sterling-pairs accordingly. The shift forward to the June MPC meeting has seen Sterling fall and this...

02:00 PM EDT, 05/08/2024 (MT Newswires) -- (Updates prices.) Gold prices edged down midafternoon on Wednesday, pushed lower by a stronger dollar and rising treasury yields. Gold for June delivery was last seen down US$1.50 to US$2,322.70 per ounce. The price of the precious metal has fallen off a record close of US$2,413.80 per ounce set April 19 as hopes...

NEW YORK, May 8 (Reuters) - U.S. bond giant PIMCO said on Wednesday it is increasing its bond exposure in developed markets outside the United States as inflation could complicate the shift of the Federal Reserve to lower interest rates. The $1.9 trillion asset manager expects an easing in central bank policies to bolster bonds in markets such as Australia,...

* Dow eyes 6th straight win; best since 9-session stretch in Dec * Uber ( UBER ) falls on weak Q2 gross bookings forecast * Intel ( INTC ) down after Q2 revenue warning * Indexes: S&P 500 down 0.05%, Nasdaq off 0.24%, Dow up 0.3% (Updated to 1800 GMT/1400 Eastern time) By Shristi Achar A and David French May...

02:00 PM EDT, 05/08/2024 (MT Newswires) -- Tech stocks were mixed in Wednesday afternoon trading, with the Technology Select Sector SPDR Fund (XLK) 0.2% higher and the SPDR S&P Semiconductor ETF (XSD) down 0.2%. The Philadelphia Semiconductor index declined 0.7%. In corporate news, Intel ( INTC ) shares fell 2.9%. The chipmaker updated its Q2 outlook after the US Commerce...

The initiative, conducted in collaboration with IIT Bombay and the Department of Consumer Affairs (DoCA), aims to assess the application of large language models (LLM) in enhancing the efficiency of India's consumer grievance redressal system.

Karnataka Chief Minister Siddaramaiah, this policy revision reflects the Karnataka government's commitment to staying ahead of all and fostering growth in this critical sector.

According to a press release, clusters economically viable for drone use will be identified, with 15,000 women SHGs in selected states receiving Central Financial Assistance covering 80% of drone costs, up to ₹8 lakh.

According to Google, the use of artificial intelligence (AI) by developers to build and offer enhanced user experiences emerged as one of the top innovation trends in apps and games. Several of the local developers on the list have even integrated AI into their offerings.

Accusing Kejriwal of being busy with election campaigning in poll-bound states and waking up to the situation late, Minister of State for Consumer Affairs, Food, and Public Distribution, Ashwini Kumar Choubey, said that the Centre had held a meeting with Chief Secretaries and senior officials from four North Indian states on 20th October to discuss measures to reduce air pollution, which he claims weren't adopted by the AAP-led governments.

On Tuesday, the Gehlot government invited bids for both projects to build the dams within the next four years. The chief minister had announced both projects in last year’s budget.

Activists have contended that words like "ecotourism facilities" and "any other purposes" are too vague and may pave the way for widespread exploitation and misuse.

The probe pertains to Dapoli resort, which is allegedly illegal. The former minister and Shiv Sena (Uddhav) leader, Anil Parab, allegedly wangled a permit to use land meant for agricultural use. The ED had started the investigation under the the Prevention of Money Laundering Act (PMLA) after a complaint from the Environment Ministry.

Tripoli, Nov 2 (Reuters) - Production at Libya's Waha Oil Company has reached more than 335,000 barrels per day (bpd), the National Oil Corporation (NOC) said in a statement on Saturday. A subsidiary of NOC, Waha exports through the Es Sider terminal and operates as a joint venture with Total Energies (TTEF.PA) and ConocoPhillips. ...

Nov 2 (Reuters) - Warren Buffett and Berkshire Hathaway ( BRK/A ) extended their retreat from stocks in the third quarter, slashing their holdings in Apple ( AAPL ) and boosting cash to a record $325.2 billion. Berkshire also reported a 6% decline in quarterly operating profit, largely the result of higher insurance underwriting liabilities including for Hurricane Helene, and...

Nov 2 (Reuters) - B. Riley Financial ( RILY ) backed Franchise Group, the owner of brands including The Vitamin Shoppe and Pet Supplies Plus, is preparing to file for bankruptcy as soon as this weekend, Bloomberg News reported on Saturday citing people with knowledge of the plans. ...

(Reuters) - TGI Fridays, an American casual dining chain, said on Saturday that it has filed for Chapter 11 bankruptcy protection after grappling with prolonged financial challenges and a collapsed deal with UK-based Hostmore. In a filing with the U.S. bankruptcy court for the Northern District of Texas, the company listed both assets and liabilities in the range of $100...

TL;DR The cryptocurrency market rebounded, with Bitcoin reaching almost $58,000 and Ethereum spiking above $3,000. Meme coins like Shiba Inu also saw significant gains. Despite the price surge, some SHIB ecosystem metrics, including burn rate and transactions on Shibarium, have declined. Back on the Green Track The cryptocurrency market rebounded substantially in the past few hours, erasing some of the...

Andrew Kang, founder of Mechanism Capital, predicted that over 98% of altcoins have already peaked for the current cycle. He noted that only a select few coins might see new highs in late 2024 to early 2025, with meme coins likely to make up most of the coins with the potential to reach new highs. Altcoin and Meme Coins Prediction...

Following an impulsive bearish decline, Ripple has encountered heightened volatility and fluctuations. However, the price is likely to undergo a period of sideways consolidation near the $0.42 region before initiating its next major move. XRP Analysis By Shayan The Daily Chart An in-depth analysis of the daily chart reveals that Ripple has been in a downtrend, characterized by a multi-month...

Gold (XAU/USD) Analysis and Chart PBoC left its gold reserves untouched for the second consecutive month.Gold’s multi-month range remains in play.You can Download our Complimentary Q3 Gold Technical and Fundamental Forecasts below: Recommended by Nick Cawley Get Your Free Gold Forecast Gold prices are under slight pressure as China's central bank – the People’s Bank of China (PBoC) - holds...