As the new trading week opens, the forex markets present a scene of relative tranquility during the Asian session. Dollar is attempting a modest recovery from last week’s downturn, yet the impetus for a decisive rally seems absent. In contrast to the upbeat sentiment in Asian equity markets, spurred by Friday’s surge on Wall Street,
In this article LYV Follow your favorite stocksCREATE FREE ACCOUNT (L) Taylor Swift performs onstage during her The Eras Tour at Paycor Stadium in Cincinnati, Ohio, on June 30, 2023. (R) Beyoncé performs onstage during her Renaissance World Tour at the Johan Cruyff Arena in Amsterdam, Netherlands, on June 17, 2023. Getty Images Ticketmaster parent
Blockchain-based startups continue to gather funding during the current bear market, with MetaMask partner Blockaid raising $33 million in October. However, the overall funding in the crypto industry has dropped to levels last seen in 2020, amassing $2.1 billion over 297 deals in the third quarter of 2023, as reported by Messari. As is often
Share: The Canadian Dollar is bounding higher, extending weekly gains. Canada Unemployment Rate missed forecasts, hampering CAD upside. CAD gains 17.5K jobs, entirely part-time employment; wage growth also lower. The Canadian Dollar (CAD) is seeing further upside against the US Dollar (USD) after a US Nonfarm Payrolls (NFP) report that came in below expectations, printing
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
Gold was broadly topsy-turvy in the first half of the year. It started at $1,823 an ounce and went up to $2,072 initially on worries over the global growth outlook and inflation concerns. By the end of the second quarter, it corrected significantly due to rising bond yields and the forecast that high interest rates
The U.S. economy saw job creation decelerate in October, confirming persistent expectations for a slowdown and possibly taking some heat off the Federal Reserve in its fight against inflation. Nonfarm payrolls increased by 150,000 for the month, the Labor Department reported Friday, against the Dow Jones consensus forecast for a rise of 170,000. The United
In this article DKNG Follow your favorite stocksCREATE FREE ACCOUNT New England Patriots cornerback Stephon Gilmore, #24, stretches during the New England Patriots practice session in Foxborough, Massachusetts, on Oct. 22, 2020. Barry Chin | Boston Globe | Getty Images Sports betting company DraftKings on Thursday posted quarterly revenue that came in ahead of analysts’
Share: EUR/USD gained more than 1% on Friday, rising near 1.0730. The USD, measured by the DXY index, will close with a 1.40% weekly loss. The dovish stance of the Fed and weak NFPs from October made the USD tumble. In Friday’s session, the EUR/USD soared to 1.0730, closing a 1.50% gaining week, its best
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
An AI bot made illegal trades, acting on insider information, and then lied about it to its human handlers. It occurred in a demonstration event at the UK’s AI safety summit. Apollo Research conducted the experiment. The BBC wrote up a report on the simulated conversation between a bot that was acting as an AI
Gold prices were largely flat in early Asian hours on Friday, as investors looked forward to the U.S. October non-farm payrolls report later in the day for more clues on the Federal Reserve’s interest rate path. FUNDAMENTALS * Spot gold was almost flat at $1,985.09 per ounce by 0112 GMT and U.S. gold futures were
Armoured vehicles of the Israel Defense Forces (IDF) are seen during their ground operations at a location given as Gaza, as the conflict between Israel and the Palestinian Islamist group Hamas continues, in this handout image released on November 1, 2023. Israel Defense Forces | Reuters The Israel-Hamas war could have a significant impact on
In this article TEAM Follow your favorite stocksCREATE FREE ACCOUNT Michael Cannon-Brookes, co-CEO of Atlassian. Scott Mlyn | CNBC Atlassian shares plummeted 9% in extended trading Thursday despite better-than-expected earnings and revenue from the software maker and a forecast that met Wall Street’s expectations. Here’s how the company did, compared to the consensus among analysts
Decentralized finance (DeFi) protocol Aave paused a number of markets on Nov. 4 after receiving reports of an issue affecting “a certain feature,” according to a post on X (formerly Twitter). The pause affects multiple networks, including Aave V2 Ethereum Market and certain assets on Aave V2 on Avalanche. In addition, certain assets on Polygon,
Share: S&P 500 ended the week up by 0.9%, with the Nasdaq and Dow Jones also posting significant gains, reflecting a positive shift in investor sentiment. U.S. labor market data showing a slowdown in job growth fueled speculation that the Federal Reserve may halt rate hikes. Fed officials Thomas Barkin and Neil Kashkari highlighted the
Yesteday, the NZD, CAD and AUD were the strongest of the major currencies as “risk on” flows dominated with the giddy stock markets. The USD and the CHF were the weakest as the flow of funds exited the “safe-havens”. Today, so far, the price action is very limited. Looking at the changes of the major
The old adage is that magazine covers are a jinx. That’s particularly true with The Economist but Barron’s has had some doozies, including making the case for Pfizer earlier this year (it’s down 40% since). The cover this week certainly raised alarm bells but it may prove to be one of the better-timed calls in