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US Dollar Index Edges Lower, US Q1 GDP Second Estimates Prints at 1.3%
US Dollar Index Edges Lower, US Q1 GDP Second Estimates Prints at 1.3%
May 30, 2024
US Dollar Index Edges Lower, US Q1 GDP Second Estimates Prints at 1.3% US economic growth slows, according to BEA data.US dollar slips as inflation seen nudging lower. Recommended by Nick Cawley Get Your Free USD Forecast For all economic data releases and events see the DailyFX Economic Calendar US real gross domestic product(GDP) increased at an annual rate of...
Yen tries to recoup from four-week trough amid brisk developments in Japanese yields
Yen tries to recoup from four-week trough amid brisk developments in Japanese yields
May 29, 2024
Yen rose in Asian trade on Thursday against a basket of major rivals, on track for the first profit in three sessions against the US dollar amid attempts to move away from four-week lows. The gains came as Japanese 10-year treasury yields spike to 13-year highs, underpinning the yen. The Price The USD/JPY pair fell 0.25% to 157.26, with a...
Gold Price Forecast: Bearish Continuation in Play with Key Support Under Threat
Gold Price Forecast: Bearish Continuation in Play with Key Support Under Threat
May 30, 2024
Most Read: Market Sentiment Analysis Outlook - EUR/USD, USD/CAD, Dow Jones 30 Gold (XAU/USD) has enjoyed a remarkable rally this year, peaking near $2,450 in early May. However, the upward impetus has recently started to wane, with bullion retreating over 4% from its highs in the past few trading sessions. This price correction suggests a shift in investor sentiment, with...
Euro sharpens decline to two-week trough on European rate prospects
Euro sharpens decline to two-week trough on European rate prospects
May 30, 2024
Euro fell in European trade on Thursday against a basket of major rivals, heading for the second loss in a row against the dollar and plumbing two-week lows after giving up the psychological level of $1.08 amid concerns about the interest rate gap between Europe and the US. Markets are expecting multiple European rate cuts this year after data showed...
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Wall St set for muted open as investors assess tariff outlook
Wall St set for muted open as investors assess tariff outlook
Mar 26, 2025
(Reuters) -Wall Street's main indexes were poised for a restrained open on Wednesday, with investors exercising caution as they awaited economic data and more clarity on the Trump administration's fresh tariffs that are expected to take effect next week. U.S. equities experienced a brief reprieve over the last two sessions, following President Donald Trump's indication that not all tariffs would...
Sector Update: Energy
Sector Update: Energy
Mar 26, 2025
08:56 AM EDT, 03/26/2025 (MT Newswires) -- Energy stocks advanced premarket Wednesday with the Energy Select Sector SPDR Fund (XLE) 0.8% higher recently. The United States Oil Fund (USO) was up 0.6% and the United States Natural Gas Fund (UNG) was 0.6% lower. Front-month US West Texas Intermediate crude oil was up 0.7% at $69.51 per barrel at the New...
Wall St set for muted open as investors assess tariff outlook
Wall St set for muted open as investors assess tariff outlook
Mar 26, 2025
(Reuters) -Wall Street's main indexes were poised for a restrained open on Wednesday, with investors exercising caution as they awaited economic data and more clarity on the Trump administration's fresh tariffs that are expected to take effect next week. U.S. equities experienced a brief reprieve over the last two sessions, following President Donald Trump's indication that not all tariffs would...
Sector Update: Tech
Sector Update: Tech
Mar 26, 2025
08:45 AM EDT, 03/26/2025 (MT Newswires) -- Technology stocks declined premarket Wednesday as the Technology Select Sector SPDR Fund (XLK) was down 0.2% and the SPDR S&P Semiconductor ETF (XSD) recently fell by 1.2%. Grab Holdings ( GRAB ) is in discussions for up to a $2 billion loan to fund its potential takeover of Indonesian rival GoTo Group, Bloomberg...
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Market Chatter: Sumitomo Mitsui Financial Eyes Boosting Investment in India's Yes Bank
Market Chatter: Sumitomo Mitsui Financial Eyes Boosting Investment in India's Yes Bank
Jul 15, 2025
06:42 AM EDT, 07/15/2025 (MT Newswires) -- Sumitomo Mitsui Financial Group ( SMFG ) is contemplating investing a further $1.1 billion in Indian lender Yes Bank, Bloomberg News reported Tuesday, citing people familiar with the matter. Sumitomo Mitsui is looking to buy roughly 5% of Yes Bank shares from Carlyle Group ( CG ) and other minority shareholders, and could...
Wells Fargo profit rises on lower bad loan provisions
Wells Fargo profit rises on lower bad loan provisions
Jul 15, 2025
July 15 (Reuters) - Wells Fargo's ( WFC ) profit rose in the second quarter as it set aside less money to shield for potential bad loans. The fourth-largest U.S. lender's net income was $5.49 billion, or $1.60 a share, in the three months ended June 30, it said on Tuesday. That compares with $4.91 billion, or $1.33 a share,...
Medical device maker AngioDynamics beats Q4 revenue estimates
Medical device maker AngioDynamics beats Q4 revenue estimates
Jul 15, 2025
Overview * AngioDynamics ( ANGO ) fiscal Q4 net sales rose 12.7%, beating analyst expectations, per LSEG data * Adjusted EPS for fiscal Q4 beat analyst estimates, per LSEG data * Co generated $16.2 mln free cash flow in Q4 due to strong growth Outlook * AngioDynamics ( ANGO ) sees FY2026 net sales $305 - $310 mln * Company...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
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Bitcoin (BTC) Could Tank Below $75K if This Key Support Fails (Analyst)
Bitcoin (BTC) Could Tank Below $75K if This Key Support Fails (Analyst)
Feb 3, 2025
TL;DR Bitcoin (BTC) has tumbled by 10% since the start of February, with analysts warning that further declines to $80,000 or even $74,400 are possible if key support levels fail. Others suggest Trump’s tariff policies could drive demand for BTC as a hedge against inflation and currency devaluation. The Correction Might be Just Starting January was a highly successful period...
South Korea’s Kimchi Premium Reaches 3
South Korea’s Kimchi Premium Reaches 3
Feb 3, 2025
The Kimchi premium, a price difference where Bitcoin trades higher on South Korean exchanges, has surged to 12%, its highest level since 2022. Unlike previous spikes driven by strong buying demand, this rise appears linked to broader market instability and currency shifts. Bitcoin Price Down, Kimchi Premium Up Over the weekend, the crypto market experienced a massive downturn that wiped...
Tariffs to Fuel Bitcoin Surge, Says Bitwise Strategist
Tariffs to Fuel Bitcoin Surge, Says Bitwise Strategist
Feb 3, 2025
Jeff Park, Head of Strategy at Bitwise, believes that tariffs will ultimately be a powerful catalyst for Bitcoin’s long-term rise. This comes as the recent imposition of these charges by President Donald Trump has caused volatility in the crypto market. The Potential Impact of a Tariff War on Bitcoin In a February 2 post on X, Park emphasized that this...
End of an Era? MicroStrategy Pauses 3
End of an Era? MicroStrategy Pauses 3
Feb 3, 2025
The worlds largest corporate holder of BTC has paused its months-long acquisition spree of the biggest cryptocurrency that started immediately after the US elections in November 2024. Within this time, the company broke the record for the single largest purchase of BTC and strengthened its presence in the Bitcoin ecosystem by nearly doubling its holdings. BTC Buying on Pause The...
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