The AUD/USD pair has climbed to 0.6620, driven by a positive market mood and a weakening US Dollar. Despite the release of stubborn US PPI data, the appeal of the US Dollar has failed to gain traction. US Dollar Vulnerability The US Dollar Index (DXY) has dipped towards the crucial support level of 105.00 against
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AMC Entertainment recently announced the successful completion of a new equity capital raise, generating approximately $250 million in funds. This move took place amidst a resurgence of the meme stock craze, ignited by the return of “Roaring Kitty.” The company sold 72.5 million shares in an at-the-market equity offering that commenced on March 28. Despite
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 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
Silver prices are constantly fluctuating in the market, impacted by a variety of factors that investors need to be aware of in order to make informed decisions. Understanding the dynamics of the silver market is crucial for those looking to diversify their investment portfolios and capitalize on potential opportunities. In this article, we will explore
Upon examining the monthly chart, it becomes evident that GBP is facing a significant hurdle at the high of $1.3142. This level, located close to the resistance of $1.3111, must be surpassed for a long-term uptrend to be established. Failure to breach this level could result in a downside target of $1.2173, which is currently
Ahead of the upcoming CPI numbers on 13 May 2024, investors are closely monitoring India’s retail inflation trends. Projections suggest that retail inflation is likely to remain steady at around 4.8% in April 2024, following a slight decline in March. There is a possibility that it could touch 5.0% year-on-year again, although estimates vary between
The recent downgrade in inflation forecasts by the central bank has added to the overall dovish tone in monetary policy decisions. The projections indicate that inflation is expected to reach the 2.0% target in Q2 of this year, with a subsequent increase to approximately 2.6% in the second half of the year. However, these figures
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