EUR/USD appreciates in the midst of uncertainty over the scale of the Fed’s upcoming rate cut. ECB Governing Council member Gabriel Makhlouf said that the central bank is still operating in a “highly uncertain environment”. Rabobank suggests that unfavorable Eurozone fundamentals will likely limit the upside potential for the EUR/USD pair. EUR/USD starts the week on a positive note, edging higher to trade around 1.1090 during the Asian session on Monday. Investors are now focused on the highly-anticipated policy decision from the US Federal Reserve (Fed) later this week. Markets remain divided on whether the Fed will cut rates by 25…
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Asian markets mostly rose Friday and the yen sat around nine-month highs after another healthy day on Wall Street as investors gear up for an expected US interest rate cut next week.More data suggesting the Federal Reserve was winning the battle against inflation provided an extra kick for equities after another rollercoaster week that started with big losses fuelled by worries the world’s top economy could be heading for recession.While concern after last Friday’s big miss on US jobs creation — which followed another well-below-forecast read a month ago — continues to linger, traders are now turning their attention to…
The duo will host the show together for the first timeKevin Mazur/Getty Dan (left) and Eugene Levy at the 2024 EmmysThe Levys have arrived!Eugene and Dan Levy, the hosts for the 2024 Emmy Awards, hit the red carpet before heading inside the Peacock Theater in Los Angeles to helm the show, showing off their sleek ‘fits and father-son bond.Eugene kept it classic in a black tux with a lavender tie, while Dan jazzed it up in black tux and silk white shirt with a unique structured collar that lifted up to the right of his neck by Loewe. Both accessorized…
Currency Exchange International (CXI), a leading provider of foreign exchange services, reported a marginal decrease in net income to $3.9 million for the third quarter ending July 31, 2024, compared to $4 million in the same period last year. The company’s total revenue increased by 2% year-over-year to $24 million, primarily driven by new customer acquisitions in the U.S. market. Despite a loss in Canadian operations, U.S. net income saw a 13% rise to $5.14 million, contributing significantly to the overall performance. Key TakeawaysNet income for Q3 slightly down to $3.9 million from $4 million year-over-year.Total revenue rose by 2%…
(Bloomberg) — Asian stocks are set for a cautious open Monday after a slew of worse than expected Chinese economic activity data landed over the weekend.Most Read from BloombergFutures point to a decline in Hong Kong shares, and a small gain for Australia’s benchmark. US equity futures were steady in early trading after the S&P 500 rose 0.5% on Friday. Moves in Asian markets may be exacerbated by thin trading with Japan and mainland China closed for a holiday.Chinese factory output, consumption and investment all slowed more than forecast for August, while the jobless rate unexpectedly hit a six-month high.…
Join Our Telegram channel to stay up to date on breaking news coverage The Stellar price prediction shows that XLM could face up, and a break above $0.100 is expected to keep the coin above the moving averages. Stellar Prediction Statistics Data: Stellar price now – $0.097 Stellar market cap – $2.85 billion Stellar circulating supply – 29.6 billion Stellar total supply – 50 billion Stellar Coinmarketcap ranking – #29 It’s often said that getting into a crypto project early can be highly rewarding, and Stellar (XLM) is a prime example of the dramatic gains possible in the space. Since…
Join Our Telegram channel to stay up to date on breaking news coverage In a bearish market, strategic investors know the value of balancing short-term gains with long-term potential. While some tokens offer quick wins, others show steady growth over time, making them perfect for different kinds of investors. Whether you’re looking for immediate profits or planning to hold for the future, the top crypto gainers discussed in this article have been carefully selected. They each have a strong track record of performing in both the short and long term. Let’s jump right into it and gain valuable insights into…
Spencer Platt/Getty ImagesMore analysts are recommending “defensive” shares over AI plays as macro conditions change.Utilities, a classic defensive sector, are going toe-to-toe with tech.With some questioning the AI rally, investors could benefit from non-tech growth companies, an analyst said.Defensive recommendations have taken center stage on Wall Street as the artificial intelligence trade shows signs of being overextended and as economic conditions change.Utility stocks — a common buy when times look tough — have gone toe-to-toe with the technology sector’s blowout performance this year. Year-to-date, the utilities and tech sectors have gained 22.08% and 25.69%, respectively.Defensive sectors of the stock market,…
The Pittsburgh Steelers aren’t getting much production on offense. That doesn’t matter much when your defense isn’t allowing anything at all.The Steelers won in Week 1 without scoring a touchdown, then won in Week 2 scoring just one touchdown. The Steelers are 2-0 with two road wins despite some offensive issues, mostly because the defense looks great yet again.The Steelers crushed Broncos rookie quarterback Bo Nix, with T.J. Watt having another fantastic game and everyone else doing their part. The Broncos were stuck on three points for 58 minutes, got another field goal in the final two minutes but couldn’t…
Before taping a Friday “Mad Money,” I always look at the week’s market performance just in case the percentages are noteworthy. They usually aren’t. But this week things were different, very different. The S & P 500 and the Nasdaq had their best weekly gains of 2024, gains that made up for the prior week, which was the worst of the year. This kind of reversal has to be mentioned, even if it only shows the trivial nature of these big increases and declines. These are moves you might as well chalk up to meaningless volatility, largely based on random articles…