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...

US DOLLAR FORECAST – EUR/USD, GBP/USD, USD/JPY Most Read: US Dollar Forecast: PCE Data to Steal Show; EUR/USD, USD/JPY, GBP/USD Setups The dollar fell slightly on Monday, but losses were moderate and probably contained by rallying U.S. Treasury yields. Many traders decided to take profits after the greenback's strong performance last week, while others avoided taking large directional positions in...

09:17 AM EDT, 08/26/2024 (MT Newswires) -- Financial stocks were advancing premarket Monday as the Financial Select Sector SPDR Fund ( XLF ) was 0.4% higher recently. The Direxion Daily Financial Bull 3X Shares ( FAS ) was 1.4% higher and its bearish counterpart Direxion Daily Financial Bear 3X Shares ( FAZ ) was down 1.3%. Prestige Wealth ( PWM...

09:18 AM EDT, 08/26/2024 (MT Newswires) -- Health care stocks were higher pre-bell Monday, with the Health Care Select Sector SPDR Fund ( XLV ) up 0.2% and the iShares Biotechnology ETF ( IBB ) was ahead 0.6%. BeiGene ( BGNE ) shares were up more than 3% after the drug maker said its BGB-16673 has received fast-track designation from...

* PDD Holdings ( PDD ) slumps after quarterly revenue miss * Oil shares up on supply disruption fears, Middle East tensions * Boeing ( BA ) slips as NASA picks SpaceX over Starliner (Updates with market close) By Johann M Cherian and Noel Randewich Aug 26 (Reuters) - The S&P 500 finished lower on Monday, with AI heavyweight Nvidia...

01:27 PM EDT, 08/26/2024 (MT Newswires) -- Energy stocks were higher Monday afternoon, with the NYSE Energy Sector Index rising 1.3% and the Energy Select Sector SPDR Fund (XLE) up 1%. The Philadelphia Oil Service Sector index was posting a 1.1% increase, and the Dow Jones US Utilities index was adding 0.7%. Front-month West Texas Intermediate crude oil was climbing...

TOKYO, March 22 (Reuters) - In the coming years, Satoaki Kanoh needs to replace almost a dozen ageing machines at his Tokyo-based maker of acrylic panels, a major undertaking that he worries will become even more expensive. Ideally, I'd like to do one a year. But I don't have that much money, Kanoh said of the customised pieces of machinery...

The two companies will establish a DePIN alliance in south-east Asia.AIOZ's native token is currently trading flat after the announcement, it is up by more than 200% in 30 days.AIOZ Network will use Alibaba Cloud to improve Web 3, AI, storage and streaming services.Decentralized infrastructure network (DePIN) AIOZ Network has become the leading blockchain partner in Alibaba Cloud’s Innovation Accelerator...

(Reuters) - The U.S. government's antitrust lawsuit against Apple ( AAPL ) draws on the watershed 1998 case that broke Microsoft's ( MSFT ) stranglehold on desktop software, but that may prove to be an imperfect blueprint for addressing smartphone competition. The market for the iPhone today looks very different from the near-monopoly enjoyed by Microsoft's ( MSFT ) Windows...

In the preceding three months, 17 analysts have released ratings for Confluent , presenting a wide array of perspectives from bullish to bearish. The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 7 5 5...

A fire that broke out at the waste treatment plant in Kochi on March 2, 2023, continues to spread toxic fumes even after 11 days of the incident. The Kerala government has said that 95 percent of the fire has been extinguished, but the smoke from the landfill has not entirely subsided. 

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.

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.

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.

By Yantoultra Ngui SINGAPORE (Reuters) -Singapore's banks posted mixed second-quarter earnings on Thursday, with DBS Group maintaining its 2025 outlook and United Overseas Bank resuming guidance but trimming expectations amid macroeconomic uncertainties. DBS, Singapore and Southeast Asia's largest bank by assets, reported a 1% rise in April-June net profit to S$2.82 billion ($2.20 billion), beating a S$2.77 billion mean estimate...

By Andrea Shalal and Manoj Kumar WASHINGTON/NEW DELHI (Reuters) -U.S. President Donald Trump on Wednesday imposed an additional 25% tariff on Indian goods, citing New Delhi's continued imports of Russian oil in a move that sharply escalated tensions between the two nations after trade talks reached a deadlock. The new import tax, effective 21 days after August 7, will raise...

SAO PAULO, Aug 6 (Reuters) - Brazilian pulpmaker Suzano posted on Wednesday a second-quarter core earnings slightly above analysts estimates, while it also raised planned investments for 2025 by about 7% after announcing a deal to swap standing timber. Core earnings, as measured by adjusted earnings before interest, taxes, depreciation and amortization (EBITDA), stood at 6.09 billion reais, down 3%...

WASHINGTON (Reuters) -The U.S. Federal Aviation Administration said on Wednesday it issued a ground stop for United Airlines flights at several U.S. airports while the company itself said its teams were working to resolve a tech outage as soon as possible. ...

Rosseti Group Russias leading electric grid operator has announced its interest in becoming an operator for hosting mining infrastructure. The company told TASS that this initiative focuses on utilizing underloaded power supply centers, improving capacity utilization, and fostering economic growth. Rosseti Targets Crypto Mining to Use Idle Power According to the report, Rossetis position as the largest grid company in...

Wall Street feared Monday that a flashy showing by a Chinese open-source AI startup meant the Internet wont need faster chips. The decline in Nvidia shares was dramatic on Monday, starting off the morning with a bang. NVDA went into free fall right out of the gate. Within minutes of the stock exchanges opening, the hot chipmakers stock fell from...

Eight of the past twelve months of February going back to 2013 have seen double-digit gains for Bitcoin, according to Coinglass. The average gain for the second month of the year is 15.6%. Moreover, only two Februaries over the past twelve years have been months of decline, namely in 2014 and 2020. The asset remained flat in February 2018 and...

Seychelles-based crypto exchange KuCoin has pleaded guilty to conducting an unlicensed money-transmitting business. As per the agreement, KuCoin faces monetary penalties of more than $297 million, which includes a forfeiture of $184.5 million and a fine of $112.9 million. KuCoin will also be suspending its US market activities for two years. Founders Michael Gan and Eric Tang will relinquish $2.7...