The major US stock indices are set to open mixedNASDAQ index is up 9.92% for the month (best since January 2023 when it rose 10.68%)S&P index is up 7.64% (best since October 2022Dow Industrial Average is up 5.73% (best sinse October 2022)In premarket trading, Dow...
OpenAI staff threatens to quit unless the board resigns
OpenAI staff reportedly threaten to quit unless the board resigns, according to Wired; 550 employees threaten to leave OpenAI and join Microsoft's (MSFT) AI division run by Sam Altman if the board doesn't resign and reinstate Altman and BrockmanMicrosoft shares which...
Kickstart your forex trading on November 20 with a look at the EURUSD, USDJPY and GBPUSD
The USD is lower in trading today led by the move lower in the USDJPY. In the kickstart video to your FX trading on November 20, 2023 (watch video above), the USDJPY is one of the biggest movers in early US trading to start the week. The pair is continuing its move to...
Treasury Secretary Yellen: US China recognize they have opportunity to work together
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
The JPY is the strongest and the CAD is the weakest as the NA session begins
The strongest to weakest of the major currenciesThe JPY is the strongest and the CAD is the weakest as the NA session begins. The USD is weaker with declines mainly vs the JPY, AUD and NZD. Pimco is buying JPY in anticipation that the Bank of Japan (BoJ) will face...
ForexLive European FX news wrap: Dollar slumps further amid mixed markets
Headlines:Markets:JPY leads, USD lags on the dayEuropean equities mixed; S&P 500 futures flatUS 10-year yields up 3.9 bps to 4.480%Gold down 0.4% to $1,972.10WTI crude up 1.5% to $77.05Bitcoin up 2.0% to $37,160It was a heavy start to the new week for the dollar...
November Outlook: Creeping Growth of The U.S. Economy
The risk of a hard landing in the U.S. economy is growing and may even increase in 2024. Statistics show that the Fed has successfully curbed inflation by raising key rates. After hiking it 11 times, the U.S. Fed has contained its enthusiasm for three consecutive...
HSBC lifts 2023, 2024 China GDP growth forecast
As we get into Q4, just about everyone is coming around to the idea that the Chinese economy has bottomed out. I still hold my reservations as we all know, data from China is well.. data from China. In any case, HSBC is the latest to revise higher their forecasts for...
UK PM Sunak: We can only cut taxes once we control inflation and debt
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Stocks still sticking to a more tentative mood for now
If there's any consolation for the dollar today, it is that there isn't an overwhelmingly positive risk mood to pile on the misery for the greenback. US futures are still looking rather tentative, keeping little changed in European trading thus far. Meanwhile,...
Blockchain Technology: A New Era of Transaction Processing
Blockchain technology has emerged as a revolutionary innovation in the world of transaction processing. With its decentralized and transparent nature, blockchain is transforming the way we conduct transactions across various industries. In this article, we will delve...
Cryptocurrency Market Structure: Connecting Emotions and Economics
The cryptocurrency market has gained significant attention in recent years. With the rise of Bitcoin and other digital currencies, people from all walks of life have become fascinated with the potential of these decentralized financial systems. However, it is...
Understanding Buy and Hold Investors
A buy and hold investor is an individual who buys stocks or other investments with the intention of holding onto them for a long period of time. This investment strategy focuses on making long-term gains instead of short-term profits. The main goal of a buy and hold...
USD/JPY sinks further to lowest in six weeks
USD/JPY daily chartThe pair just touched a low of 148.20 on the day, its lowest level in six weeks, as the dollar is finding it tough to stay afloat in the new week. The drop continues the downside momentum from last week after USD/JPY fell past the 150.00 mark and is...
NASDAQ: Upcoming NVIDIA Earnings
The US100 declined during this morning’s futures market and also ended Friday’s session lower. However, the instrument is not witnessing any significant downward pressure or momentum, but continues to honor the established price range. According to the Chicago...
US Indices Are Near Their Highs for the Year. Why, and What You Need to Know
The year 2023 hasn’t been smooth for markets (and all of us, honestly). We’ve heard many experts' concerns about the poor outlook for shares, and it seems that stock indices have mostly declined. However, the reality is that the S&P 500, the Nasdaq, and the Dow...
SNB total sight deposits w.e. 17 November CHF 476.9 bn vs CHF 476.3 bn prior
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Microsoft unveils that Sam Altman is to lead its new advanced AI research team
In case you missed the news then: Sam Altman forced out as OpenAI CEOMicrosoft CEO, Satya Nadella, has now come out with the news that Sam Altman alongside former OpenAI co-founder, Greg Brockman, will join the company to lead a new advanced AI research team. The full...
European stocks in a more mixed mood at the open today
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
ECB’s Wunsch: Bets on rate cuts risk prompting rate hikes instead
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...