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Aussie Market Commentary – Tuesday, May 7

Aussie Market Commentary – Tuesday, May 7

Aussie Sold Post-RBAThe Australian Dollar has come under pressure across early European trading on Tuesday as traders digest the latest monetary policy meeting from the RBA overnight. The bank held headline interest rates steady at 4.35%. However, the tone of the meeting was less hawkish than many were looking for, leading to the current sell-off […]
Analytical Overview Of The Main Currency Pairs – Tuesday, May 7

Analytical Overview Of The Main Currency Pairs – Tuesday, May 7

The EUR/USD currency pairTechnical indicators of the currency pair: Prev Open: 1.0760 Prev Close: 1.0766 % chg. over the last day: +0.06% The euro posted modest gains on Monday, just below the 3-week high reached last Friday. Some positive economic news supported the euro after the May Eurozone Sentix Investor Confidence Index rose more than expected to a 2-year high, […]
USD/JPY Rises To Near 154.00 Amid Improved US Dollar

USD/JPY Rises To Near 154.00 Amid Improved US Dollar

USD/JPY extends gains for the second successive session, trading around 154.00 during the European hours. Unsplash The upward correction in the US Dollar (UUP) provides support for the US Dollar, consequently, underpinning the USD/JPY pair. However, the Greenback could face resistance due to investors’ optimism following the softer US labor data on Friday. This development has reignited hopes for […]
COST Favors Rally To Continue In Bullish Sequence

COST Favors Rally To Continue In Bullish Sequence

Costco Wholesale Corporation., (COST) engages in the operation of membership warehouse in the United States, Puerto Rico, Canada, United Kingdom, Mexico, Japan, Korea, Australia, Spain, France, Iceland, China & Taiwan together with its subsidiaries. It offers branded & private-label products in the range of merchandise categories. It also operates e-commerce websites in the US, Canada, […]
Binance CEO calls for release of detained officer in Nigeria

Binance CEO calls for release of detained officer in Nigeria

Richard Teng, CEO of Binance, has publicly asserted that Tigran Gambaryan, the exchange’s compliance officer detained in Nigeria, is “innocent and must be released.”Gambaryan, a US citizen overseeing financial crime compliance at Binance, and Nadeem Anjarwalla, the exchange’s regional manager for Africa were detained on February 26 in Abuja, Nigeria’s capital city. The detention was […]
S&P 500 Forecast: Continues To See Inflows

S&P 500 Forecast: Continues To See Inflows

The S&P 500 (SPY) rallied early during the trading session on Monday, as it looked like money was flowing back into Wall Street and stocks overall. Pixabay This does make a certain amount of sense, because people are starting to celebrate the idea that the jobs report in the United States was fairly weak, and therefore we […]
Solana And Cardano: Solana Rises To The $158.00 Level

Solana And Cardano: Solana Rises To The $158.00 Level

Solana chart analysisThe price of Solana has been in a stable bullish consolidation since the beginning of May. Last Wednesday, we fell to the $118.68 level, a new low. After that we see a positive consolidation and recovery above the $130.00 level. With new support at that level, we initiated a recovery that continued over […]
Disney Income Drops 69% And EPS Plummets In Earnings 
                    
 
 

Disney Income Drops 69% And EPS Plummets In Earnings    

The Walt Disney Company today reported some very disenchanting numbers in its second quarter 2024 financial results on May 7th, compared with the previous quarter and also the previous year. Pixabay Where the business did see profits, they were grown heavily by the company’s theme parks and other ‘Experiences’ businesses, in the face of dwindling numbers from Disney’s streaming and […]
Bull Of The Day: PDD Holdings Inc.

Bull Of The Day: PDD Holdings Inc.

PDD Holdings (PDD)  also known as Pinduoduo, is a Chinese e-commerce platform that specializes in group buying deals. Founded in 2015 by Colin Huang, PDD quickly gained popularity by offering discounted products through team purchases.It utilizes a social commerce model, encouraging users to share deals with friends and family to unlock additional discounts. PDD’s platform is particularly […]
Communications, Energy Are 2024’s Sector Leaders For US Stocks

Communications, Energy Are 2024’s Sector Leaders For US Stocks

The upside momentum in the US stock market so far this year continues to be led by rallies in communications services and energy shares, based on a set of ETFs through Monday’s close (May 6). Both sectors are outperforming the broad market and their counterparts. Unsplash Communication Services Select Sector SPDR Fund (XLC) and Energy Select Sector […]