The AUD/USD pair is facing selling pressure during the early Asian session on Monday as the US Dollar (USD) gains strength. This is primarily due to the release of better-than-expected US job data, which has led to an uptick in the USD, thereby weighing on AUD/USD. This article will analyze the factors contributing to the
The US Dollar Index experienced a significant rally last week after Friday’s release of better-than-expected non-farm payroll data. This surprising report prompted increased demand for the US dollar and resulted in a 0.5% gain for the index. The daily chart revealed that resistance at 103.62, which had been tested multiple times since January 17th, was
Italy is taking a major step towards its renewable energy goals by investing in Enel’s photovoltaic (PV) panel factory in Sicily. Prime Minister Giorgia Meloni announced the allocation of 90 million euros ($97 million) from the National Recovery and Resilience Plan (NRRP) to support the expansion of the factory and establish a new production line.
Investors are becoming increasingly wary of the market dominance of Big Tech companies, leading them to seek alternative investment strategies. This sentiment is driven by the fear that too much money is concentrated in a handful of stocks within popular exchange-traded funds (ETFs) tied to major indices such as the S&P 500 or the Nasdaq
The US Dollar (USD) saw a significant rise on the Dollar Index (DXY) chart, reaching a high of 103.90 on Friday. This surge was mainly driven by a promising labor market report, which convinced the markets that a rate cut in March is unlikely. Fed Chair Powell further reinforced this idea, stating that the bank
In the realm of estate planning, there exists a document that goes beyond the traditional will and serves to ease the burden on loved ones when you pass away. This document, referred to by certified financial planner Doug Boneparth as a “death note,” provides immediate access to vital information that is often overlooked in traditional
The global economy is constantly evolving, and it is crucial to stay informed about the latest developments and trends. In this article, we will analyze the current economic situation, focusing on factors such as the Federal Reserve’s decision, geopolitical instability, and the impact on different financial markets. Additionally, we will explore the performance of gold
The dollar index is on track for its first weekly decline this year, as lower U.S. bond yields reshape the financial market. Traders are closely watching the U.S. jobs data expected later today, as it may provide insights into when the Federal Reserve will begin easing rates. The decline in the dollar index is driven
The British Pound (GBP) has started a fresh increase against the US Dollar (USD), with the GBP/USD pair rising above the 1.2625 level. This upward movement comes after the pair formed a base above the 1.2665 resistance zone. The bulls managed to push the pair above the 1.2725 level and the 50-hour simple moving average.
Deutsche Bank, the largest bank in Germany, has announced its impressive fourth-quarter earnings, surpassing expectations and solidifying its place as a strong player in the banking industry. Despite a nearly 30% decline in net profit compared to the same quarter the previous year, the bank reported a net profit of 1.3 billion euros ($1.4 billion),
Indian Prime Minister Narendra Modi’s government is set to present its final budget before elections, with an emphasis on fiscal prudence and infrastructure spending. The budget for the financial year 2024/25 will be announced by Finance Minister Nirmala Sitharaman, and is expected to lay out the government’s economic vision for the country for the next
The AUD/JPY cross is experiencing a decline for the third consecutive day, indicating vulnerability to further sliding. During the Asian session, spot prices dropped to a nearly one-month low, currently trading around the 96.20-96.15 area. Bears are now aiming to push prices below the 100-day Simple Moving Average (SMA), extending the downward trajectory. The Australian