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...

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...

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%...

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...

05:08 PM EST, 12/11/2024 (MT Newswires) -- The Nasdaq Composite closed above the 20,000 level for the first time amid a rally in major technology shares as markets assessed official inflation data. The technology-heavy Nasdaq jumped 1.8% to 20,034.9 on Wednesday, while the S&P 500 rose 0.8% to 6,084.2. The Dow Jones Industrial Average fell 0.2% to 44,148.6. Communication services...

05:19 PM EST, 12/11/2024 (MT Newswires) -- Eldorado Gold ( EGO ) was marginally higher in U.S. after-hour trade Wednesday as it released its updated Mineral Reserve and Mineral Resource estimates as of September 30. Among highlights, Eldorado said 2024 gold mineral reserves increased to 11.9 million ounces with measured and indicated gold mineral resources of 22.0-million ounces. It also...

04:32 PM EST, 12/11/2024 (MT Newswires) -- The Nasdaq Composite closed above the 20,000 level for the first time Wednesday as markets assessed official data showing that consumer inflation accelerated in line with Wall Street's projections last month. The technology-heavy Nasdaq jumped 1.8% to 20,034.9, while the S&P 500 rose 0.8% to 6,084.2. The Dow Jones Industrial Average fell 0.2%...

NEW YORK (Reuters) -Wall Street's benchmark S&P 500 index rose on Wednesday and a rally in tech stocks lifted the Nasdaq above the 20,000-point milestone for the first time, after a U.S. inflation report boosted expectations of a Federal Reserve interest rate cut. The Dow Jones Industrial Average dipped, dragged by health insurers as U.S. lawmakers introduced a bill seen...

Cisco Systems Inc ( CSCO ) reported its fiscal fourth quarter results that revealed declining earnings and revenue. The networking company still managed to surpass estimates despite revenue decline for the third continous time this year. Partnered with Nvidia Corporation ( NVDA ) , Cisco ( CSCO ) remains confident of being equipped to break new ground in AI. In order to...

Aug 20 (Reuters) - Investment firm Turn/River Capital is exploring a potential sale of Redwood Software that could value the maker of automation software at about $2.5 billion including debt, according to people familiar with the matter. San Francisco-based Turn/River has tapped Goldman Sachs ( GS ) to launch a sale process for Redwood that is expected to attract interest...

(Reuters) - AI chip and software startup Recogni unveiled a novel computing method on Tuesday that could make its chips used to train and run artificial intelligence systems smaller, faster and less expensive to operate. Backed by BMW, Bosch and venture capital firm Mayfield, Recogni develops specialized chips and software to enable AI inferencing - the process of trained AI...

LONDON (Reuters) - An intense storm sank a luxury yacht off Sicily's coast on Monday, killing one man and leaving six missing, including British tech entrepreneur Mike Lynch and his daughter. Fifteen people escaped before the yacht sank. Here are details about the missing passengers. MIKE LYNCH AND DAUGHTER HANNAH Tech entrepreneur Lynch built Britain's biggest software company, Autonomy. Often...

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.

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.

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.

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. 

12:02 PM EDT, 05/17/2024 (MT Newswires) -- Salesforce ( CRM )' (CRM) upcoming fiscal Q1 results are unlikely to spur excitement as it is usually a seasonally soft quarter, and with foreign exchange headwinds and weak prints from front-office peers tempering expectations, Morgan Stanley said in a report Friday. But the firm said the near-term caution is being offset by...

12:06 PM EDT, 05/17/2024 (MT Newswires) -- (Updates with additional details in the third, fourth, and fifth paragraphs) Hess (HES) shareholder D.E. Shaw intends to abstain from voting on Chevron's ( CVX ) planned $53 billion takeover of the oil company, Bloomberg reported Friday, citing Managing Director Jason Singer. D.E. Shaw is one of the top 15 shareholders in Hess,...

12:03 PM EDT, 05/17/2024 (MT Newswires) -- Aqua Metals ( AQMS ) said Friday it closed a $8.05 million public stock offering of almost 20.2 million shares at $0.39 apiece, along with related warrants at $0.01 each. The offering included the full exercise by the underwriter of its overallotment option, and net proceeds will be used for working capital and...

12:03 PM EDT, 05/17/2024 (MT Newswires) -- (Updates with Arbutus comments in sixth and seventh paragraphs. Updates stock move in the last paragraph.) Arbutus Biopharma ( ABUS ) shareholder Whitefort Capital Management issued an open letter to shareholders Friday urging the company to stop further share issuances and explore strategic alternatives for its hepatitis B portfolio. Whitefort, which holds about...

Bitcoin prices have typically rallied in the past following halvings. Six months after the first halving in 2012, the price jumped to $126 from $12. After the second halving in 2016, it went to $1,000 from $654 within seven months and in 2020 it shot up to $18,040 from $8,570 in the same time period.

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.

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.

Bankman-Fried was found guilty of seven counts of fraud and conspiracy after jurors in Manhattan deliberated for less than five hours Thursday.