Image Source: Pexels Most Asian stock markets are experiencing declines on Friday, in response to the drop in Wall Street’s performance yesterday. This is due to renewed worries about the future of interest rates, as the possibility of a rate reduction
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Image source: Pixabay We are in a bit of no person’s land today as we are in between key economic data points for March and only a handful of less-than-market-moving earnings reports on deck today. Coming off yesterday’s big data dump,
This is a new record bullish trading week for the gold market. Even with the rise in the price of the US dollar, the price of gold rose towards the new historical psychological resistance of $2,300 per ounce. Moreover, the
Image Source: Freepik NEOUSD Daily Crypto Chart NEOUSD Elliott Wave Technical Analysis Function: Follow Trend Mode: Motive Structure: Impulse Position: Wave (3) Direction Next higher Degrees: Wave ((3)) of Impulse Wave Cancel invalid Level: 9.85 Details: Wave (3) is Equal to
Image Source: Pixabay Overview: The softer-than-expected ISM services report caught the market leaning the wrong way. Although interest rates had a muted reaction, the dollar was sold. In fact, the Dollar Index saw its second-biggest loss of the year, falling by about
USD/CAD falls to 1.3500 due to multiple headwinds. The US Dollar corrects further on the weak US ISM Services PMI report. Higher Oil prices due to deepening supply concerns boosted the Canadian Dollar. The USD/CAD pair falls sharply to the
XAUUSD has reached another milestone, briefly touching above the key $2300 level.The continuous rise came amid yesterday’s lower-than-expected ISM services PMI reading (51.4 vs 52.7).Fed’s chairman Jerome Powell has also provided comments underscoring the possibility for the interest rate cuts
Image source: Pixabay Aussie on The UpThe Australian Dollar is tearing higher against USD today as the weakness in the greenback continues to drive movements across FX markets. With traders now leaning into the prospect of a June rate cut, USD
Michael Dell is growing richer by the day as the Dell stock price continues its strong surge. According to Bloomberg, his net worth has jumped by more than $27 billion this year and currently stands at over $106 billion. That
