In a shocking turn of events, British technology entrepreneur Mike Lynch was recently acquitted of fraud charges in a landmark trial involving allegations made by Hewlett Packard. However, just two months after his acquittal, Lynch – once referred to as “Britain’s Bill Gates” – was reported missing following the sinking of a superyacht named the
The Australian labour market has been displaying resilience, posing challenges for lower inflation. The recent Consumer Price Index (CPI) data revealed that annual inflation is in line with expectations. However, the sustained strength of the services sector, fueled by a robust jobs market, is preventing a significant decline in inflation. Additionally, annual wage growth in
The dollar slid to its lowest point against the euro in the current year as traders awaited potential revisions in U.S. payrolls data, juxtaposed with an impending speech by the Federal Reserve Chair Jerome Powell. Notably, U.S. bond yields nosedived to their lowest level since August 5th, eliciting concerns as they crashed to levels not
The Australian Dollar has shown potential for advancement following the release of RBA Minutes which suggest that current cash rates will remain unchanged for an extended period of time. This indicates stability in the Australian economy, potentially leading to an increase in the value of the Australian Dollar. RBA’s decision not to cut rates in
Electric vehicles have been gaining popularity due to their potential long-term cost-saving benefits for consumers. While the initial purchase price of an EV tends to be higher than that of a traditional gasoline-powered car, the recurring costs associated with fuel and maintenance are generally lower. This leads to a total lifetime cost that can be
The recent slowdown in U.S. inflation and a cooling labor market have led to increased speculation that the Federal Reserve may soon lower interest rates. This has resulted in a bearish sentiment towards the dollar, causing key currency pairs to approach critical levels. For GBP/USD, technical analysis suggests the possibility of a retest of the
BTCUSD, also known as Bitcoin, has faced a period of sideways trading in recent sessions. This lack of direction has been accompanied by deteriorating sentiment among traders, partly due to multiple rejections at the 50-day SMA. Additionally, momentum indicators are currently skewed to the downside, further adding to the bearish outlook for BTCUSD. Despite the
As markets around the world eagerly anticipate Federal Reserve Chair Jerome Powell’s upcoming speech, there is a sense of optimism and buoyancy. Investors are hoping for dovish rhetoric from the central banker, which has led to a positive outlook for stock markets. Asian shares have reached a one-month peak, with stock futures indicating a positive
A devastating event took place in Sicily when the luxury yacht “Bayesian” sank after being hit by a violent storm. This incident resulted in the loss of one life and left six people missing, including British tech entrepreneur Mike Lynch and his daughter. The situation has sparked an investigation as rescue teams work tirelessly to
The USD/CHF pair is currently trading in negative territory near 0.8620, marking the third consecutive day of losses. The main factor contributing to this downward pressure on the pair is the weakening US Dollar. The market is anticipating three quarter-point rate cuts by the Federal Reserve this year, which is weighing on the USD. Traders
In Tuesday’s Asian session, the New Zealand Dollar gained momentum as positive risk sentiment weighed on the US Dollar, leading to an increase in the NZD/USD pair. Investors eagerly awaited the rate decision from the People’s Bank of China (PBoC) ahead of Fedspeak later in the day. The PBoC announced that the one-year and five-year
The price of gold has been steadily climbing, with it currently hovering around $2500 per troy ounce. This surge can be attributed to the rising demand for safe-haven assets in the face of ongoing geopolitical tensions. The unresolved conflict in the Middle East, particularly between Israel and Gaza, has led to uncertainty and instability in