Gold Whipsaws and Signals a Potential Momentum Shift The precious metal rose phenomenally in the wake of the FOMC meeting and updated summary of economic projections. The US dollar acted as the release valve for all the hawkish sentiment that had been priced into the market. US activity, jobs and inflation data printed on the higher side of estimates in...

Most Read: U.S. Dollar Outlook Market Sentiment: USD/JPY, USD/CAD, USD/CHF The U.S. dollar, as measured by the DXY index, strengthened this past week, closing at its best level since mid-February on Friday. Despite initial losses following the Fed’s dismissal of renewed inflation risks and indications that it was still on track for 75 basis points of easing this year, the...

Japanese Yen (USD/JPY) Analysis BoJ minutes extend the ‘carry trade’ as officials rule out rapid rate hikesLike clockwork, Japan’s top currency diplomat voices dissatisfaction with recent yen volatility, weaknessIG Client sentiment ‘mixed’ despite massive short positioningThe analysis in this article makes use of chart patterns and key support and resistance levels. For more information visit our comprehensive education library BoJ...

Number of traders net-short has decreased by 16.42% from last week. SYMBOLTRADING BIASNET-LONG%NET-SHORT%CHANGE IN LONGSCHANGE IN SHORTSCHANGE IN OI Gold BEARISH 50.43% 49.57% 11.14% Daily7.51% Weekly 6.18% Daily-16.42% Weekly 8.62% Daily-5.85% Weekly Gold Bearish Data provided by of clients are net long. of clients are net short. Change in Longs Shorts OI Daily 11% 6% 9% Weekly 8% -16% -6%...

01:40 PM EDT, 03/19/2025 (MT Newswires) -- Tech stocks were higher Wednesday afternoon, with the Technology Select Sector SPDR Fund (XLK) rising 0.8% and the SPDR S&P Semiconductor ETF (XSD) adding 0.7%. The Philadelphia Semiconductor index was up 0.5%. In corporate news, the European Commission said Tuesday it has notified Alphabet (GOOG) that its preliminary findings show two of the...

01:13 PM EDT, 03/19/2025 (MT Newswires) -- US equity indexes rose alongside gains in government bond yields after midday on Wednesday ahead of announcements from the Federal Reserve and Chair Jerome Powell's press briefing. The Nasdaq Composite rose 0.8% to 17,648.2, with the S&P 500 up 0.6% to 5,645.2 and the Dow Jones Industrial Average trading 0.6% higher at 41,820.3....

01:39 PM EDT, 03/19/2025 (MT Newswires) -- Health care stocks declined Wednesday afternoon, with the NYSE Health Care Index down 0.6% and the Health Care Select Sector SPDR Fund (XLV) shedding 0.5%. The iShares Biotechnology ETF (IBB) fell 0.4%. In corporate news, UnitedHealth Group's ( UNH ) Optum Rx unit said Wednesday that it's eliminating as much as 25% of...

01:34 PM EDT, 03/19/2025 (MT Newswires) -- Financial stocks advanced in Wednesday afternoon trading with the NYSE Financial Index up 0.4% and the Financial Select Sector SPDR Fund (XLF) gaining 0.5%. The Philadelphia Housing Index added 0.2%, and the Real Estate Select Sector SPDR Fund (XLRE) fell 0.3%. Bitcoin (BTC-USD) rose 2.3% to $84,620, and the yield for 10-year US...

(Reuters) - Nvidia ( NVDA )-backed CoreWeave is aiming to raise as much as $2.7 billion in its U.S. initial public offering, a regulatory filing by the AI startup showed on Thursday. The artificial intelligence-focused cloud services provider and some of its investors are looking to sell 49 million shares priced between $47 and $55 each. The offering is expected...

Providing a diverse range of perspectives from bullish to bearish, 7 analysts have published ratings on Vertex in the last three months. The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 5 1...

OTTAWA (Reuters) -Canada said on Wednesday that China had executed four of Canadian citizens on drugs smuggling charges earlier this year, and strongly condemned Beijing's use of the death penalty. Foreign Minister Melanie Joly told reporters that all four had been dual citizens and said Ottawa would ask for leniency for other Canadians facing the same fate. There are four...

OTTAWA (Reuters) -Canada said on Wednesday that China had executed four Canadian citizens on drugs smuggling charges earlier this year, and strongly condemned Beijing's use of the death penalty. Foreign Minister Melanie Joly told reporters that all four had been dual citizens and said Ottawa would ask for leniency for other Canadians facing the same fate. There are four Canadians...

The update came after Beijing announced Meng Hongwei was under investigation in China.

There had been restrictions imposed on the entry of women belonging to the age group of 10-50 in the hill shrine as part of its centuries-old tradition.

The round of assembly polls scheduled in November-December 2018 lay in the fact that the Bharatiya Janata Party (BJP) will see itself contesting against the Congress in four out of the five states; Chattisgarh, Madhya Pradesh, Rajastan and Mizoram.

Some youth there (J-K) have been misled into militancy, but this force has ensured security commendably, he said.

SEOUL, May 24 (Reuters) - Singapore Airlines has tweaked its in-flight seatbelt sign policies and altered at least one flight route after a turbulence incident this week killed one person and left dozens critically injured, according to the airline and flight data. The airline is adopting a more cautious approach to turbulence, including not serving hot drinks or meals when...

03:53 AM EDT, 05/24/2024 (MT Newswires) -- Four Corners Property Trust ( FCPT ) said late Thursday it has acquired, via a sale-leaseback transaction, eight Mavis Tire-operated properties for $20 million. The properties, which are located across six states, are under long-term, triple net leases, the company said. ...

LONDON/JOHANNESBURG (Reuters) - BHP's resolve to add more copper to its portfolio will be tested by Anglo American investors' demands for a simpler offer for the whole company or a cash sweetener to clinch a deal that could become the biggest in mining history. Anglo on Wednesday gave BHP, the world's biggest listed miner, additional time to present a binding...

03:58 AM EDT, 05/24/2024 (MT Newswires) -- Acme United ( ACU ) said late Thursday it has acquired the assets of Elite First Aid, which provides tactical, trauma and emergency response products. Financial terms of the deal weren't disclosed. The company expects the acquisition to be accretive. Elite First Aid had revenue of roughly $4.2 million in 2023, Acme said....

Negotiations between the Justice Department and Binance include the possibility that its founder Changpeng Zhao would face criminal charges in the US under an agreement to resolve the probe into alleged money laundering, bank fraud and sanctions violations, according to the Bloomberg.

A spot crypto ETF would track the market price of the underlying crypto asset, giving investors exposure to the token without having to buy the currency. The SEC has previously denied all spot bitcoin ETF applications citing potential for fraud, but that could soon change after it lost a legal battle in August.

Binance will pay $4.3 billion in one of the largest corporate agreements in US history. Changpeng Zhao will pay a $50 million fine under a deal that requires him to step down as CEO. Zhao pleaded guilty Tuesday to violating the Bank Secrecy Act in federal court in Seattle.

The crypto market is experiencing one of its longest, most bitter winters in recent history. It has caused a massive...