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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...
Yen opens the week on a positive note
Yen opens the week on a positive note
Jun 2, 2024
Yen rose in Asian trade on Monday against a basket of major rivals, resuming gains against the dollar after the Japanese government revealed it intervened into the forex market last month to prop up the local currency. The gains are also underpinned by slower US 10-year treasury yields following somewhat stable personal spending data, which likely paves the way for...
USD/JPY Below 156.00 on US Dollar Weakness, US Jobs Data Remains Key
USD/JPY Below 156.00 on US Dollar Weakness, US Jobs Data Remains Key
Jun 4, 2024
Japanese Yen Prices, Charts, and Analysis US ISM PMI highlights weak manufacturing activityJapan spent over $62 billion propping up the Japanese Yen. Recommended by Nick Cawley Get Your Free JPY Forecast The latest Institute for Supply Management (ISM) data released yesterday reveals that manufacturing activity in the United States continues to contract for the second consecutive month and the 18th...
Yen rebounds as US treasury yields slow down
Yen rebounds as US treasury yields slow down
May 30, 2024
Yen gained ground on Friday against a basket of major rivals, extending gains for the second straight against the dollar and moving away from four-week lows, as US treasury yields lost ground. Japans 10-year treasury yields gained ground today as US treasury yields conversely tumbled, reducing the yield gap between the two countries to 20-year lows. Now the markets await...
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China says Taiwan seeks to give away chip industry to US
China says Taiwan seeks to give away chip industry to US
Feb 25, 2025
BEIJING, Feb 26 (Reuters) - China said on Wednesday that Taiwan was seeking to give away the island's semiconductor industry to the United States as a souvenir. U.S. media have said Taiwan Semiconductor Manufacturing Co ( TSM ) , the world's largest contract chipmaker and a major supplier to companies such as Apple ( AAPL ) and Nvidia ( NVDA...
WiseTech Global names billionaire founder Richard White executive chairman
WiseTech Global names billionaire founder Richard White executive chairman
Feb 25, 2025
(Reuters) - Australian logistics software maker WiseTech Global ( WTCHF ) appointed Richard White as its executive chairman on Wednesday, even as the firm's board and investors remain split over the billionaire founder's role following a flurry of controversies. Earlier in the week, four non-executive directors announced their departure from the firm, owing to differing views around White's role in...
INSIGHT-DeepSeek rushes to launch new AI model as China goes all in
INSIGHT-DeepSeek rushes to launch new AI model as China goes all in
Feb 25, 2025
(Repeats story published Tuesday night in Asia) * DeepSeek likely to release next-generation R2 model before May - sources * Startup shuns typical Chinese tech giant culture, is known for flat hierarchy * China embraces DeepSeek after initial regulatory concerns about its mass chip purchases * Firm instructed to keep low-profile amid global concerns about its privacy practices By Eduardo...
Apple shareholders vote to keep its diversity policies
Apple shareholders vote to keep its diversity policies
Feb 25, 2025
(Reuters) -Apple shareholders voted to keep the tech giant's diversity, equity and inclusion policies on Tuesday, a win for management which had opposed efforts by a conservative group to scrap the program. The vote at the iPhone maker's annual meeting was seen as a test of shareholder views about the value of DEI programs, which many companies added or beefed...
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UK PM favourite Boris Johnson pledges tax cut as race to succeed Theresa May starts
UK PM favourite Boris Johnson pledges tax cut as race to succeed Theresa May starts
Jun 10, 2019
Leading Brexit advocate Boris Johnson promised tax cuts for higher earners if he becomes Britain's next prime minister as the contest to replace Theresa May — and take charge of the EU divorce — officially kicked off on Monday.
Hundreds of thousands march in Hong Kong to protest China extradition bill
Hundreds of thousands march in Hong Kong to protest China extradition bill
Jun 10, 2019
Hong Kong was plunged into a fresh political crisis on Sunday night after more than half a million people took to the streets to thwart a proposed extradition law that would allow suspects to be sent to mainland China to face trial. Organisers said the turnout outstripped a demonstration in 2003 when 500,000 hit the streets to challenge government plans for tighter national security laws.
Delhi records all-time high temperature at 48 degree Celsius
Delhi records all-time high temperature at 48 degree Celsius
Jun 10, 2019
The mercury shattered all records in Delhi with parts of the national capital recording an all-time high of 48 degrees Celsius Monday.
Narendra Modi visits bombed Sri Lanka church, vows support after attacks
Narendra Modi visits bombed Sri Lanka church, vows support after attacks
Jun 9, 2019
Prime Minister Narendra Modi on Sunday honoured those killed by Islamist militants in Sri Lanka's Easter bombings, vowing support for the island nation as Delhi seeks to counter the rise of China in the region. The hours-long stop in Sri Lanka was part of Modi's first overseas trip after winning a second term. He arrived from the Maldives, where on Saturday he called for a global conference to tackle the threat of terrorism. In recent years, China's presence has grown in both in Sri Lanka and in the Maldives as Beijing financed infrastructure projects and sought closer military ties, especially for its navy. The debt from those projects has, however, become a burden for both countries. India is pursuing what it calls a "neighbourhood first" foreign policy centred on its allies in South Asia, although there is little sign of a warming in relations with arch rival Pakistan.
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Foot Locker to emphasize newer Nike styles at stores amid soft demand for its shoes
Foot Locker to emphasize newer Nike styles at stores amid soft demand for its shoes
Dec 4, 2024
(Reuters) - Foot Locker ( FL ) executives said on Wednesday they are working closely with Nike to emphasize its newer styles, including Vomero and Air DT Max shoe models, amid softness in demand for the sneaker giant's products as the holiday shopping season begins. We'll work through some of this short-term turbulence and play the long game for sure,...
--Street Color: Robinhood Plans Expansion Into Asia With Headquarters in Singapore, Bloomberg Reports
--Street Color: Robinhood Plans Expansion Into Asia With Headquarters in Singapore, Bloomberg Reports
Dec 4, 2024
01:01 PM EST, 12/04/2024 (MT Newswires) -- Price: 40.16, Change: +1.52, Percent Change: +3.93 ...
Market Chatter: New Fortress Energy's Jamaica LNG Assets Eyed by Vitol, Glencore
Market Chatter: New Fortress Energy's Jamaica LNG Assets Eyed by Vitol, Glencore
Dec 4, 2024
01:00 PM EST, 12/04/2024 (MT Newswires) -- Vitol Group and Glencore are considering acquiring the Jamaican liquified natural gas assets of New Fortress Energy ( NFE ) , Bloomberg reported Wednesday, citing people familiar with the matter. New Fortress did not immediately reply to a request for comment from MT Newswires. (Market Chatter news is derived from conversations with market...
Angus Gold Shares Up 2% After Infill Drilling at Gold Zone Confirms
Angus Gold Shares Up 2% After Infill Drilling at Gold Zone Confirms "Thick and Continuous Mineralized System"
Dec 4, 2024
01:01 PM EST, 12/04/2024 (MT Newswires) -- Angus Gold ( ANGVF ) shares were last seen up 2% after the company on Wednesday released positive assay results from the final seven diamond drill holes completed in the banded iron formation (BIF) Gold Zone as part of its 2024 drill program at the Golden Sky Project near Wawa, Ontario. The company...
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