The Australian dollar continues to have a quiet week. AUD/USD is trading at 0.6796 in the European session, up 0.06% on the day at the time of writing. Australian CPI dips to 3.5% Australia’s inflation Read more…
Oil price declines for the second straight day after recent three-day strong recovery rally was repeatedly rejected just under 200DMA ($77.80). Subsequent weakness generated reversal signal following a break below pivotal support at $74.51 (50% Read more…
The NZD/USD pair has climbed to the highest level since 15 January 2024, continuing its trajectory within an ascending channel towards a target of 0.6233. The New Zealand dollar’s growth is primarily fuelled by the Read more…
Lowe’s (LOW) is making major changes to company initiatives amid pressure from its conservative customers and dwindling sales. The company revealed in an internal email, which was leaked by conservative activist Robby Starbuck on X, that it Read more…
Illustration by Kristen Radtke / The Verge Apple has eliminated about 100 jobs across its digital services group according to Bloomberg, as part of a “shift in priorities” for the division. The majority of those Read more…
Check back for updates throughout the trading day U.S. equity futures nudged higher in early Wednesday trading as investors braced for what could be one of the most important corporate events in years after the Read more…
EURUSD edges lower on Wednesday after repeated failure to break 1.1200 barrier, but near-term action can be described as consolidation, as long as the price stays above first pivots at 1.1124/14 (trendline support/rising 10DMA) and Read more…
Gold lies within near-term SMAs Momentum oscillators head down Gold unsuccessfully tested the all-time high of 2,531.66 again today, but it is still above the 2,500 round number and the short-term uptrend line. Currently, the price is challenging Read more…
Market picture The cryptocurrency market has plunged 6% to a capitalisation of $2.08 trillion, its lowest level in nine days. Bitcoin is falling in line with the broader trend, while Ethereum and Solana are down Read more…
The Federal Reserve is widely expected to cut interest rates soon, which has boosted the appeal of gold. However, Daniel Ghali, a Senior Commodity Strategist at TDS, warns that a potential correction in gold prices Read more…