As investors ponder the outcomes of recent national elections and the potential for US easing, emerging market currencies face an uphill battle in the coming months. According to a recent Reuters poll of currency analysts, the outlook for these currencies remains bleak, with little hope for a significant rebound in the near future. The US
admin
In a recent announcement, buyout firm Apollo Global Management revealed its plans to acquire a 49% equity interest in Intel’s manufacturing facility in Ireland for a staggering $11 billion. This move marks a significant development in the technology and semiconductor industry, with Apollo taking over a substantial stake in the Fab 34 facility located in
Almost five years ago, GameStop champion Keith Gill revealed a $53,000 bet in his favorite video game retailer. This week, Gill’s net worth is over $289 million. The meme stock leader, who can move the stock by simply posting cryptic messages online, shared a screenshot of his portfolio Monday night, showing he held onto his
When it comes to making financial decisions, it is crucial to conduct thorough due diligence checks. This involves researching and analyzing the various factors that could impact your investment. By performing your own due diligence, you can make informed decisions that are aligned with your financial goals and risk tolerance. Trading in cryptocurrencies, contracts for
The USD/JPY pair saw a decline reaching the 155.00 barrier due to a shift in market sentiment towards risk-off, resulting in an increased demand for safe-haven assets such as the Japanese Yen. This shift was driven by rumors circulating that the Bank of Japan (BoJ) is considering reducing its bond purchases, which would potentially raise
The recent release of the PMI Manufacturing indices for various countries has shown disappointing results for the United States. The actual Final Manufacturing PMI came in at 51.3, exceeding the expected value of 50.9. Similarly, the ISM Manufacturing PMI was reported at 48.7, lower than the anticipated 49.8. This data has had a negative impact
The recent statements made by Bank of Japan Deputy Governor Ryozo Himino regarding the impact of the yen’s movements on the economy have sparked discussions about the central bank’s approach to monetary policy. Himino emphasized the need for vigilance in analyzing the effects of exchange rate volatility on economic activity, prices, and overall economic outlook.
European shares experienced a rise for the third consecutive session, with bond-proxy sectors leading the way. This surge was attributed to expectations of an interest rate cut from the European Central Bank (ECB) later in the week. The STOXX 600 index ended higher, with Spanish and Italian stocks showing significant gains. Global factory activity offered
The recent OPEC+ meeting over the weekend had a mixed impact on the price of crude oil. Despite the decision made by oil producers to extend production cuts of 3.66 million barrels per day until the end of 2025, the price of WTI oil opened today at $76.72 per barrel, only slightly higher than Friday’s
As Mexican president-elect Claudia Sheinbaum prepares to take office, she is confronted with the daunting task of fulfilling campaign promises to expand social programs in the wake of a significant budget deficit. The deficit, which soared to 5.9% of gross domestic product (GDP) in 2024, has been largely attributed to the spending spree initiated by
EURCHF has been on a rollercoaster ride recently, hitting a 14-month high of 0.9928 before plummeting towards the 50-day SMA. Momentum indicators have turned bearish, signifying a possible shift in market sentiment. The pair has been attempting to recover from its massive downtrend that spanned from 2021 to 2023. Support and Resistance Levels After the
The gold price is currently hovering near a three-week low as the market anticipates a potential rate cut by the Federal Reserve. The speculation surrounding a rate cut is driven by signs of easing inflationary pressures in the United States. This expectation is undermining the value of the US Dollar, which, in turn, is providing