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...

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...

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%...

09:14 AM EDT, 08/27/2024 (MT Newswires) -- Health care stocks were declining premarket Tuesday as the Health Care Select Sector SPDR Fund ( XLV ) was 0.1% lower and the iShares Biotechnology ETF ( IBB ) was down 0.2% recently. Trinity Biotech ( TRIB ) shares were over 49% higher after the company said it received substantial additional orders for...

08:52 AM EDT, 08/27/2024 (MT Newswires) -- Health care stocks were flat to marginally higher premarket Tuesday as the Health Care Select Sector SPDR Fund (XLV) was 0.02% higher and the iShares Biotechnology ETF (IBB) was unchanged. Trinity Biotech ( TRIB ) shares were 56% higher after saying Monday it received substantial additional orders for TrinScreen HIV, leading to a...

08:46 AM EDT, 08/27/2024 (MT Newswires) -- Oil prices eased early on Tuesday, edging down after a day-prior gain of 3.5% spurred by reports one of Libya's competing governments is shutting off oil exports in a fight to control the country's central bank. West Texas Intermediate crude oil for October delivery was last seen down US$0.51 to US$76.91 per barrel,...

08:50 AM EDT, 08/27/2024 (MT Newswires) -- US equity futures were slightly lower ahead of Tuesday's opening bell as traders shifted their focus to the upcoming earnings report of chipmaker Nvidia ( NVDA ) due later in the week. The Dow Jones Industrial Average futures slipped 0.2%, S&P 500 futures declined 0.1%, and Nasdaq futures edged 0.1% lower. Nvidia (...

Piper Sandler initiated coverage Monday Visa Inc ( V ) and Mastercard Inc ( MA ) with Overweight ratings, citing their strong positions in the global payments landscape and potential for sustained growth. Analyst Arvind Ramnani said that Visa and Mastercard ( MA ) are attractive businesses to own. They’re both poised to benefit from: Scale Extensive FinTech ecosystem partnerships...

Piper Sandler analyst Harsh V. Kumar noted that last week, the SOX was up 2%, while the NASDAQ and S&P were up 1% and 2%, respectively.  Starting in geopolitics, the U.S. is again cracking down on China’s Huawei Technologies Co Ltd. The government has revoked licenses to Intel Corp ( INTC ) and Qualcomm Inc ( QCOM ) .  Kumar noted that the move forced Intel ( INTC ) to revise...

(Reuters) - U.S. insurance and home inspection software provider Porch Group is suing China Construction Bank Corp (CCB), the country's third-biggest lender by assets, for allegedly enabling a massive fraud that caused monumental losses for Porch. Porch and its units accused the Chinese lender of conspiring with employees of the now bankrupt Israeli insurance firm Vesttoo to issue dozens of...

Ratings for GLOBALFOUNDRIES ( GFS ) were provided by 14 analysts in the past three months, showcasing a mix of bullish and bearish perspectives. 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 1 6...

History was made when the Rajya Sabha convened for its winter session on Monday. It was the upper House’s 250th session that came 67 years after its first sitting on May 13, 1952.

Here are the main excerpts from the foreign minister Subrahmanyam Jaishankar's interview with German news website Spiegel Online. 

Jharkhand chief minister Raghubar Das and rebel Bharatiya Janata Party (BJP) leader Saryu Rai on Monday filed nomination papers against each other from Jamshedpur East seat.

Justice Sharad Arvind Bobde, who would take oath as the 47th Chief Justice of India on Monday, has decided several key cases and was part of the recent historic verdict that cleared the way for the construction of a Ram Temple at the disputed site in Ayodhya.

Th Suzlon wind turbines received the RLMM (Revised List of Models & Manufacturers) listing from the Ministry of New and Renewable Energy, marking an important milestone for the successful commercialisation of the product. Shares of Suzlon Energy Ltd ended at ₹40.49, up by ₹1.85, or 4.79%, on the BSE.

Projected to generate 482 million units in its inaugural year post-commissioning, the cumulative energy generation over a 25-year span is anticipated to reach 12,050 million units. Shares of SJVN Ltd ended at ₹75.17, down by ₹0.50, or 0.66%, on the BSE.

Aulerth's offerings range from ₹5,000 to as high as ₹2.8 lakh. Are women willing to spend this much on jewellery made from scrap? Founder and CEO Vivek Ramabhadran definitely believes so. Aulerth produces couture-inspired pieces in association with designers like JJ Valaya, Suneet Varma, among others. It has reported 33% repeat customers in the past year and expects a spike to 40% soon.

For the last several years, Starbucks has been testing different kinds of plastics. In 2019, the company went to a straw less lid, eliminating a good amount of plastic. By the end of 2023, the goal is to reduce by 15 percent the amount of material in each cup.

The Discovery Fund aims to identify and empower entrepreneurs and early-stage startups to leverage the potential of cryptocurrencies to address real-world problems.

The crypto industry has been focussing hard on making the business more environment friendly.

Founded in 2017 by Jaynti Kanani, Anurag Arjun, Sandeep Nailwal and Mihailo Bjelic as a secondary scaling solution for the Ethereum blockchain, Polygon is building a suite of scaling solutions.

The bitcoin mine would use solar and storage technology from Tesla and be entirely run on renewable energy