July 2024 - Page 163 of 267 -

Analytical Overview Of The Main Currency Pairs – Friday, July 12

Jul 12, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash The EUR/USD currency pairTechnical indicators of the currency pair: Prev Open: 1.0829 Prev Close: 1.0868 % chg. over the last day: +0.36 % The euro rose to $1.088, hitting a five-week high, mainly due to the dollar’s weakening after the release of inflation data that confirmed estimates of a Federal Reserve rate cut in September. The […]

Sensex Today Rallies 622 Points; Nifty Tops 24,500 Mark

Jul 12, 2024 Jeremy Parkinson Finance 0

After opening the day on a positive note, Indian share markets continued the momentum as the session progressed and ended on firm footing.Benchmarks Sensex and Nifty50 indices rose to record highs on Friday lifted by a solid rally in information technology (IT) stocks.At the closing bell, the BSE Sensex stood higher by 622 points (up 0.8%).Meanwhile, the NSE […]

EUR/USD Price Analysis: Fed Rate Cut Expectations Surge

Jul 12, 2024 Jeremy Parkinson Finance 0

The EUR/USD price analysis shows strong bullish momentum as the dollar falls amid a surge in expectations for a September Fed cut. Meanwhile, economists expect the European Central Bank to cut rates twice more this year.It was a dark day for the dollar on Thursday when the US CPI report showed the first decline in […]

Citigroup Tops Expectations For Profit And Revenue On Strong Wall Street Results

Jul 12, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Pexels CNBC’s Leslie Picker joins ‘Squawk Box’ to report on the bank’s quarterly earnings results.Video Length: 00:03:45More By This Author:Dell Shares Slide In Extended Trading Despite Beating On Revenue And Earnings Home Depot Revenue Misses, Shares Slip Reddit Shares Climb On Revenue Beat In First Quarterly Report Since IPO

Rio Tinto Considers $32 Billion Acquisition Of Canadian Mining Giant Teck Resources Industry response and future prospects

Jul 12, 2024 Jeremy Parkinson Finance, No picture 0

In a move that could significantly reshape the mining industry, Rio Tinto, the global mining giant listed in London and Sydney, is reportedly considering buying Teck Resources. Following BHP’s unsuccessful £24.7 billion bid for Anglo American, Rio Tinto has been evaluating potential targets, with the Canadian mining firm at the forefront. Detailed proposals and financing approachesRio Tinto […]

USD/CHF Price Analysis: Correcting Back In Wave C Of An ABC Pattern

Jul 12, 2024 Jeremy Parkinson Finance 0

USD/CHF is declining in what looks like the wave C of a three-wave ABC correction. The correction is from the rally that took place between the June 18 lows at 0.8827 up to the July 3 peak at 0.9051. USD/CHF Daily Chart The pair has not yet reached the end of wave C and could still […]

Bitcoin Price Makes A New Pullback Below The $58000 Level

Jul 12, 2024 Jeremy Parkinson Finance 0

Bitcoin chart analysisYesterday’s attempt by the price of Bitcoin to reach $60,000 was stopped at the $59,500 level. We had two bullish attempts in the previous two days, and both stopped at $59500. Yesterday, we saw the initiation of bearish consolidation from that level. The price fell below $58000 and below the EMA 200 moving average. The […]

USD/CAD Remains Sideways Above 1.3600 Even Though US PPI Rise Strongly

Jul 12, 2024 Jeremy Parkinson Finance 0

Photo by Michelle Spollen on Unsplash USD/CAD remains in a tight range above 1.3600 despite US PPI turning out hotter than expected. Market speculation for Fed rate cuts in September remains firm. The weak Canadian job market boosts prospects of more rate cuts by the BoC. The USD/CAD pair doesn’t move much from its current range above 1.3600 […]

IPOs 2024: Tempus AI Addresses Medical Diagnostic Use Case

Jul 12, 2024 Jeremy Parkinson Finance 0

Photo Credit: StockSnap from Pixabay According to a market report, the use of AI in medical diagnostics is expected to grow at 25% CAGR from $0.8 billion in 2022. Chicago-based Tempus AI (Nasdaq: TEM) is a leading player in the market that recently went public to a weak market response. Tempus’s HistoryTempus was founded in 2015 by Groupon co-founder […]

Real Average Nonsupervisory Wages Near, Real Aggregate Nonsupervisory Payrolls At All-Time Highs

Jul 12, 2024 Jeremy Parkinson Finance 0

Now that we have the CPI reading for June, we can calculate how average wag earners are doing in “real” terms.First, real average hourly nonsupervisory wages increased 0.4% for the second straight month. On a YoY basis, they have risen slightly under 1.0%:This is on par for average real wage growth for the past 30 […]