Gold prices have been oscillating recently, hovering near a three-week low. One of the key factors influencing this trend is the increasing likelihood of the Federal Reserve cutting interest rates later this year. This expectation has been fueled by signs of easing inflationary pressures in the United States, which in turn undermines the strength of
Potential
Dutch digital bank, Bunq, is eagerly anticipating the acquisition of a banking license from U.K. financial regulators by the end of this year or the beginning of next year. CEO and founder, Ali Niknam, expressed his hopes during an interview at the Viva Tech conference in Paris. Niknam acknowledged the potential challenges that may arise
As Asia ushers in the new trading month for global markets, there is a keen focus on manufacturing PMI data from the continent’s major economies. Investors are anticipating a shift in interest rates from the U.S. and other countries, which could have a significant impact on market trends. Key indicators to monitor include factory activity
As we delve into the current market trends concerning the AUD/USD exchange rate, it is essential to take into account various influential factors. While finalized S&P Global Manufacturing PMI numbers for May are significant, the spotlight remains on the more impactful ISM Manufacturing PMI survey-based data. Moreover, the absence of any FOMC member speeches, as
In our recent assessment of the NASDAQ 100 (NDX), QQQ ETF, SP500 (SPX), SPY, Apple (AAPL), Tesla (TSLA), Amazon (AMZN), Nvidia (NVDA), Microsoft (MSFT), Meta Platforms (META), Netflix (NFLX), and Alphabet (GOOGL), we have identified a potential Elliot Wave pattern. Our analysis suggests that we are currently witnessing the development of Wave iii of (i)
North Dakota Governor Doug Burgum recently denied claims that former President Donald Trump had made promises to oil executives in exchange for financial support for his potential reelection bid. The allegations stated that Trump had offered to reduce regulations on the oil industry if they raised $1 billion to help him return to the White
Most stock markets in the Gulf region saw an upturn on Sunday with the Saudi index leading the way. Saudi Arabia’s benchmark index rose 1.1% following a U.S. inflation reading that hinted at potential interest rate cuts from the Federal Reserve. This increase came after the index hit a more than five-month low on Thursday.
The current estimate projects the unemployment rate to remain at 3.9%, with a possible high estimate of 4.0% and a low of 3.8%. This stability in the unemployment rate is a positive sign for the economy, indicating that job market conditions are relatively strong. However, it is crucial to monitor any fluctuations as they could
The AUD/USD pair is heavily influenced by economic data releases from both Australia and the United States. These data points can significantly impact buyer demand for the Aussie dollar and dictate the overall direction of the currency pair. In this article, we will analyze the potential effects of key economic indicators on the AUD/USD pair
The recent decision by Standard & Poor’s (S&P) to downgrade France’s sovereign debt rating from “AA” to “AA-” is expected to have more of a political sting than a financial market impact in the short term. Citigroup analysts predict that the downgrade could push the spread between French and German benchmark bonds out by 3-5
Billionaire investor Bill Ackman has taken a major step by selling a 10% stake in Pershing Square, a move aimed at eventually making his investment firm public. The fundraising round saw the company raise $1.05 billion, representing 10% of the management company and suggesting a valuation of $10.5 billion. The investors involved in the deal
Doconomy, a Swedish fintech startup, has recently secured 34 million euros in funding from major European banks, such as UBS and CommerzVentures. This influx of cash, obtained through a Series B financing round, highlights the increasing importance of climate-focused financial technology in the industry. Doconomy offers innovative tools that enable bank customers to measure the