In a bold move towards technological advancement, Swedish financial technology company Klarna has reported that a significant majority of its workforce is now utilizing generative artificial intelligence tools as part of their daily tasks. With over 87% of its employees engaging with AI tools such as OpenAI’s ChatGPT and the company’s own internal AI assistant,
Gold price saw an increase in trading activity on Tuesday, despite the consolidation of the US Dollar. The current market sentiment is cautiously optimistic, but there are potential factors that could impact the price of gold in the near future. Traders are waiting on the sidelines ahead of key US inflation data that is set
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The recent survey released by the Federal Reserve Bank of New York showed that Americans are increasingly concerned about inflation. The survey indicated that consumers expect inflation to reach 3.3% a year from now, up from March’s 3%. Additionally, they anticipate inflation to be at 2.8% three years from now. This growing apprehension about rising
The recent departure of Adam Dodds, the CEO of U.K. stock trading service Freetrade, has sparked a wave of changes within the company. As Dodds steps down and hands over the reins to Viktor Nebehaj, it signifies a new chapter for Freetrade. This transition comes at a crucial point in the company’s growth trajectory, as
The DXY Index is currently experiencing mild losses at 105.35, indicating a modest bearish trend. Market attention is focused on conservative Fed comments and April inflation expectations, which could potentially shape the US Dollar outlook. As bets on the Fed remain stable, they also provide support to the USD, despite the slight decrease in value.
The Elliott Wave charts of Copper Futures HG_F are indicating impulsive bullish sequences in the cycle from the 3.6592 low. This has led us to favor long positions at this stage, as buyers have been appearing at key levels in the market. A recent 3-wave pattern emerged when buyers entered right at the equal legs
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The current price of Brent crude oil is facing a downturn, hovering around 82.55 USD per barrel, causing significant concerns in the market. The primary worry affecting the market is the uncertainty surrounding demand levels, which is putting pressure on the commodity. The recent comments made by US Federal Reserve representatives have heightened expectations that
GameStop shares have experienced a rollercoaster ride in the stock market, with a recent rally of over 40% in premarket trading. This surge came after “Roaring Kitty” (Keith Gill), the man behind the epic short squeeze of 2021, made a comeback online for the first time in three years. Gill, a former marketer for Massachusetts
The week is off to a positive start on Wall Street, with Dow futures edging higher and setting a positive tone for trading. As the market eagerly awaits the release of key inflation data, the trading ranges are expected to be narrow, indicating a cautious approach among investors. The recent optimism in the market has
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