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Australian Dollar Holds Up Against USD Despite Tepid Retail Sales Data
Australian Dollar Holds Up Against USD Despite Tepid Retail Sales Data
May 28, 2024
Australian Dollar Analysis and Chart Recommended by David Cottle Get Your Free AUD Forecast The Australian Dollar crept higher again against its big brother from the United States on Tuesday as broad risk appetite overcame some underwhelming Aussie economic data. Retail sales for April limped in with a 0.1% rise. Admittedly that was much better than the 0.4% slide seen...
Yen moves in a positive zone as Japanese treasury yields rally
Yen moves in a positive zone as Japanese treasury yields rally
May 27, 2024
Yen gained ground in Asian trade on Tuesday against a basket of major rivals, extending gains for the second straight session against the US dollar and moving away from three-week lows. Yens movements come as Japans 10-year treasury yields rallied, while US 10-year yields fell, in turn reducing concerns about the widening yield gap. Japans finance minister recently issued warnings...
Aussie gains ground after hot Australiann inflation data
Aussie gains ground after hot Australiann inflation data
May 28, 2024
The Australian dollar rose in Asian trade on Wednesday against a basket of major rivals, resuming gains following hot inflation data. Such data heaped pressure on the RBAs policymakers, and hurt the odds of Australian rate cuts this year. The Price The AUD/USD rose 0.3% today to 0.6666, with a session-low at 0.6639. The pair lost 0.1% on Tuesday, the...
Dollar gives up one-week high ahead of Waller's remarks
Dollar gives up one-week high ahead of Waller's remarks
May 24, 2024
Dollar fell in European trade on Friday against a basket of major rivals, giving up one-week highs and on track for the first loss in seven days on profit-taking. Despite the decline, the greenback is heading for the best weekly profit in a month and a half after the Fed's latest meeting minutes reduced the odds of multiple rate cuts...
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Market Chatter: JPMorgan Chase to Admit Trade Reporting Lapses, Set to Pay $100 Million as Part of Settlement With CFTC
Market Chatter: JPMorgan Chase to Admit Trade Reporting Lapses, Set to Pay $100 Million as Part of Settlement With CFTC
May 23, 2024
06:40 AM EDT, 05/23/2024 (MT Newswires) -- JPMorgan Chase ( JPM ) has agreed to pay $100 million to settle an investigation by the US Commodity Futures Trading Commission for trade reporting lapses, Reuters reported late Wednesday, citing a source with direct knowledge of the matter. JPMorgan ( JPM ) has agreed to admit to breaking the CFTC rules as...
Disney's ESPN Sublicenses 10 College Football Playoff Games to Warner's TNT Sports
Disney's ESPN Sublicenses 10 College Football Playoff Games to Warner's TNT Sports
May 23, 2024
06:35 AM EDT, 05/23/2024 (MT Newswires) -- Walt Disney's ( DIS ) ESPN ( DIS ) said Wednesday it agreed to sublicense 10 college football playoff games to Warner Brothers' (WBD) TNT Sports over five years. Financial terms were not disclosed. TNT Sports will air two first-round playoff games during the 2024 and 2025 seasons and two quarterfinal games each...
FOCUS-European automakers need time, not tariffs, to fend off China competition
FOCUS-European automakers need time, not tariffs, to fend off China competition
May 23, 2024
MUNICH, May 23 (Reuters) - Europe's car giants won't have much time to restructure their operations and product lines to compete with ascendant Chinese automakers, and stiffer tariffs will do little to protect the status quo, industry executives said during a Reuters event. European trade regulators in Brussels have said they could levy new tariffs on Chinese electric vehicles based...
KE Holdings Q1 Adjusted Earnings, Revenue Drop
KE Holdings Q1 Adjusted Earnings, Revenue Drop
May 23, 2024
06:39 AM EDT, 05/23/2024 (MT Newswires) -- KE Holdings ( BEKE ) reported Q1 adjusted earnings Thursday of 1.18 Chinese renminbi ($0.16) per American depositary share, down from 2.92 renminbi per ADS a year earlier. Five analysts polled by Capital IQ expected normalized earnings of 0.77 renminbi. Revenue for the quarter ended March 31 was 16.38 billion renminbi, down from...
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Ripple Price Analysis: Is XRP on the Verge of a Massive Rally?
Ripple Price Analysis: Is XRP on the Verge of a Massive Rally?
Nov 21, 2024
Ripple has seen a slight rejection at the crucial $1.3 resistance, leading to a temporary period of consolidation. Nevertheless, a continuation of the corrective phase is expected for the short term, with the price’s primary target being the $0.9 support region. XRP Price Analysis By Shayan The Daily Chart Ripple recently surged to test the critical $1.3 resistance zone, a...
SEC Chairman Gary Gensler Confirms He Will Step Down In January
SEC Chairman Gary Gensler Confirms He Will Step Down In January
Nov 21, 2024
Gary Gensler, the current chairman of the U.S. Securities and Exchange Commission (SEC), confirmed on Thursday that he will be stepping down from his role starting in January.  Gensler confirmed the news in an announcement on Twitter and a post to the SEC’s website, saying it had been an “honor of a lifetime” to “ensure that our capital markets remain...
Bitcoin Market Cap Approaches $2 Trillion, Targets Amazon and Alphabet
Bitcoin Market Cap Approaches $2 Trillion, Targets Amazon and Alphabet
Nov 21, 2024
Bitcoin’s market capitalization hit an all-time high of $1.93 trillion on Thursday, Nov. 21, when the asset reached a record high of $97,850. This means that its market cap is now larger than the world’s sixth-largest company, Saudi Aramco, and just $230 billion behind e-commerce giant Amazon. The firm, also known as the Saudi Arabian Oil Group, is a majority...
After Bitcoin, This Altcoin Could Pump Next According to Social Trends: Santiment
After Bitcoin, This Altcoin Could Pump Next According to Social Trends: Santiment
Nov 21, 2024
Due to Bitcoin’s persistent rally over the past week, the cryptocurrencys market cap is a few steps away from hitting $2 trillion, and social media is abuzz with excitement. A tweet by on-chain analytics platform Santiment revealed that social media is bustling with speculation on which cryptocurrencies may experience top isolated rallies in the coming weeks. As a result, a...
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