The XAU/USD pair is consolidating near 1955.00, while waiting for the publication of new drivers on the market. The focus of investors will be meetings of the Bank of England and the National Bank of Switzerland on the interest rate, which will be held on Thursday, June 22. Current forecasts suggest a 25 basis point increase by the UK regulator to 4.75%, while the...
Gold prices receded on Monday as the U.S. dollar and Treasury yields gained after traders digested Friday’s jobs report, with attention turning to U.S. inflation data later this week.
The UK stock market continues unstable dynamics against the background of an upward correction in the bond market, which even positive corporate reports cannot compensate for. Thus, the automaker Rolls-Royce Holdings plc recorded revenue growth to 6.950B pounds, exceeding the 6.059B pounds expected by analysts, and earnings per share of 0.0218 pounds compared to...
GBPJPY is trading weak for the third consecutive day on weak Pound sterling. It hit a low of 180.40 and is currently trading around 181.11.
The US currency is adding in value, recovering from a fairly active decline at the end of last week, when the USD/JPY pair retreated from local highs from July 7. At the moment, the quotes are held in the support area of 142.15–141.15, preparing to continue growing. On Friday, the USD was under pressure after the publication of the July labor market report. Thus,...
Market Roundup •U.S. private payrolls beat expectations in July, ADP says • US Indexes down: Dow 0.98%, S&P 1.38%, Nasdaq 2.17% •US Jul ADP Nonfarm Employment Change 324K, 189K forecast,497K previous •US Gasoline Inventories 1.480M,-1.300M forecast,-0.786M previous •US Distillate Fuel Production 0.080M, -0.005M forecast,-0.251M previous •US Gasoline...
American entertainment company Netflix Inc. shares remain in a corrective trend at around 422.00. Analysts are positive about the prospects for the company's shares: for example, Barclays Plc. updated the forecast, raising the target price to 375.0 dollars from 250.0 dollars earlier, despite maintaining the Equal-Weight rating, and also noted that over the past 2...
Recently, the media have been increasingly discussing closed meetings between the US and Iranian authorities, which take place with the mediation of Oman and Qatar. It is reported about stable negotiations between the financial departments, thanks to which part of the previously blocked Iranian funds in foreign banks has already been returned. Thus, experts note...
The AUD/USD pair shows growth, developing a strong "bullish" momentum formed at the beginning of the month. Since then, the instrument has risen from 0.6500 to 0.6760, demonstrating a decline only on June 7 after the release of weak macroeconomic statistics from Australia. The current growth of quotations is noticeably limited by the fact of the US Federal Reserve...
NYSE:U Unity Software Inc.'s shares jumped on Monday, rising over 20%, after Apple Inc. revealed it will be partnering with the video game software development company for its latest Apple Vision Pro headset. "We know there is a community of developers who have been building incredible 3D apps for years. Today, we are excited to share that we've been working...
The shares of Apple Inc. reached a new all-time high on Monday, going above the previous record of $182.94 registered back in January 2022, as investors braced for the tech giant's annual Worldwide Developers Conference. Later today, Apple will be revealing a plethora of updates and new products, including the new rumored mixed-reality headset, which Bloomberg...
The world's leading cryptocurrencies sank on Monday following the news that the United States Securities and Exchange Commission (SEC) filed a lawsuit (www.teletrader.com) against Binance Holdings Ltd., and its Chief Executive Officer Changpeng Zhao (CZ) over the suspected improper management of customer funds. At 12:20 pm ET, Bitcoin plunged 4.85% to trade at...
The XAU/USD pair is consolidating after a fairly active decline last Friday, June 2, which leveled all attempts to increase the instrument during the trading week. Gold is testing 1945.00 for a breakdown, waiting for new drivers to appear on the market. The reason for the active decline in quotations was the May report on the labor market published in the US. The...
Gold prices fell sharply on Friday and were headed for their worst week in eight as hawkish remarks by U.S. Federal Reserve officials through the week bolstered bets for at least one more interest rate hike and buoyed the dollar.
Trade idea Short positions can be opened when the price consolidates below 0.8895 with targets at 0.8765, 0.8365 and stop-loss at around 0.8970. Implementation period: 5-7 days. Long positions can be opened above 0.9045 with targets at 0.9185, 0.9295 and stop-loss at around 0.8980.
The XAU/USD pair is relatively stable, holding near 2000.00 after a modest rise the day before. Gold took advantage of the weakness of the US currency on Tuesday to partially recoup for the sharp decline last Friday, as well as the extremely uncertain start to trading this week. At the same time, the growth of the instrument is limited, as the market still...
Shares of Tesla Inc., the world's leading manufacturer of electric cars, have been trying to decline since the end of last month but have now stabilized around the 187.50 mark. Investors are waiting for the publication of the Q1 financial report , which will be released today after the market closes. Experts predict that the corporation's revenue will be about...
Worries about a potential increase in US Fed interest rates, which could slow economic growth and reduce energy consumption, outweighed strong economic data from China and a decline in US fuel stocks, causing the asset to move negatively. A report published yesterday by the American Petroleum Institute (API) recorded a reduction of 2.675M barrels, more than the...