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Dollar set for weekly drop on US slowdown signs By Reuters
Written by Tom WestbrookSINGAPORE (Reuters) - The dollar headed for its biggest weekly decline against the euro in two-and-a-half months on Friday as signs of slowing inflation and a slowing U.S. economy raised the prospect of an interest…
Premium Forex Watch Recaps: May 13 – 17, 2024
Global inflation updates and Fed talk were the main drivers this week, with a few high-level country-specific economic events creating opportunities as well, including Australian jobs data and the US CPI.
Out of six discussions, Only two…
6% of global nickel output at risk as turmoil hits New Caledonia
There is definitely some drama in the base metals market right now. Copper has reached record levels due to supply shortages, and now nickel prices are rising, partly due to violent protests in New Caledonia.France's Pacific region…
Here’s How to Unlock the Secrets of the Investment Titans By Investing.com
In the ever-evolving landscape of stock market investing, gaining insights from the strategies of legendary investors has long been a desirable aspiration. Now, with InvestingPro+'s groundbreaking feature, Insights, investors can view…
XTX Holdings (UK) Limited Posts Double-Digit Profit Decline in 2023
XTX Markets' global UK subsidiaries have published their 2023 financial results, revealing their profits fell by double digits. Despite this, the company's management views the results positively, noting that 2022 was an…
BofA Bullish on INR Ahead of Elections; Advises Caution on USDINR Options By Investing.com
Bank of America's latest analysis points to a bullish outlook for the Indian Rupee (INR) as the country heads into the elections. The fundamental outlook appears strong, supported by improvement in the current account and clear debt…
Weekly Market Outlook (20-24 May)
Upcoming events:Monday: People's Bank of China LPR, Waller Federal Reserve Bank.Tuesday: Reserve Bank of Australia meeting minutes, Canadian Consumer Price Index.Wednesday: Reserve Bank of New Zealand policy decision, UK CPI, FOMC…
Bridger Aerospace reports record Q1 revenue in 2024 By Investing.com
Bridger Aerospace (ticker not provided) has reported a record first-quarter revenue of $5.5 million for fiscal 2024, a significant increase from the $365,000 in the same quarter of the previous year. This increase was attributed to the…
Hong Kong Trials China's e-CNY
Hong Kong, the dynamic hub of Asian finance, has taken a pioneering leap into the future of digital currency. in This is the first step of its kindChina has launched a pilot program for its electronic currency CNY, or digital yuan,…
Hedge funds play a weak Japanese yen By Reuters
Written by Neil McKenzieLONDON (Reuters) - Pressure on Japan to support a weak yen may have eased, but the currency's weakness remains a headache for Tokyo.The yen has fallen 9.4% against the dollar so far this year, and appears poised…