Category Archive: Finance, No picture
ExxonMobil Reports Worse Than Expected Results For Fourth Quarter
Image Source: Unsplash Exxon Mobil Corporation (NYSE: XOM) reported its financial performance for the fourth quarter of 2024. The company achieved earnings of $7.6 billion, translating to $1.72 per share. This performance was primarily driven by significant production milestones in the Permian and Guyana regions. The quarter also saw cash flow from operating activities reaching $12.2 billion, with free […]
EUR/USD Slides As Soft Inflation In Germany’s Six States Validates ECB Dovish Bets
EUR/USD faces selling pressure and declines to near 1.0370 in Friday’s European session. The major currency pair declines as the Euro (EUR) weakens across the board amid a slowdown in inflationary pressures in six German states. Softer-than-expected Consumer Price Index (CPI) data for January boosts confidence that Eurozone price pressures are on track to return sustainably to the European Central […]
Gold Has Reached A New Record High; Further Gains Ahead?
Gold hits record high above $2,800/oz Trump’s tariff threats boost safe-haven demand ECB rate cut, BoC easing support gold rally US rates unchanged, PCE data eyed for volatility Trade war fears fuel gold’s monthly surge Gold is poised for its largest monthly gain since March 2024, driven by its dual appeal as both a safe-haven asset and an inflation hedge.Gold surged to a record […]
EUR/USD Monthly Forecast: February 2025
Having traversed above the 1.05000 ratio late last week and early this one, the EUR/USD has seen selling develop once again and is battling to remain above the 1.04000 level. The EUR/USD is near the 1.04100 ratio as of this writing and traders are urged to compare it to the Forex values being seen as […]
Gold Price Analysis: Bullish Breakout Signals Path To $3,000 Amid Economic Uncertainty
Image Source: Pixabay Gold prices have entered a bullish consolidation phase after reaching a fresh all-time high of $2,800 during the early European session on Friday. Despite this surge, the Federal Reserve’s hawkish pause and rebounding US bond yields have limited additional gains. As traders anticipate the release of the US PCE Price Index, market dynamics […]
Silver Price Forecast: XAG/USD Recovers To Near $30.50 As Trump’s Tariff Threats Keep Outlook Intact
Silver price (XAG/USD) recovers a majority of intraday losses and rebounds to near $30.50 in Friday’s European session. The white metal bounces back strongly as its outlook remains firm amid fears that United States (US) President Donald Trump will impose 25% tariffs on Canada and Mexico on Saturday for allowing illegal immigrants and the deadly […]
USD/JPY Forecast: Finding Buyers On Dips
The US dollar has fallen a bit during the course of the trading session on Thursday, but we continue to see plenty of buyers in this market. This is not a huge surprise, considering just how much of a difference there is in the interest rates of these 2 economies. The US dollar continues to […]
Trump Confirmed Plans To Impose 25% Tariffs On Canada And Mexico
Image Source: Pixabay At the end of Thursday, the Dow Jones Index (US30) was up 0.38%. The S&P 500 Index (US500) added 0.53%. The Nasdaq Technology Index (US100) rose by 0.25%. The US stocks closed higher after a choppy Thursday amid mixed earnings results, while Fed policy bets remained unchanged following the release of key economic […]
XRP Price Stuck In Consolidation: Where’s The Next Big Move?
XRP price started a consolidation phase from the $3.20 resistance zone. The price is now consolidating gains and might aim for more gains above the $3.20 zone. XRP price started a downside correction from the $3.220 zone. The price is now trading above $3.050 and the 100-hourly Simple Moving Average. There was a break above […]
Daily Market Outlook – Friday, Jan. 31
Image Source: Pixabay Asian markets declined on Friday, burdened by worries regarding DeepSeek’s influence on the AI sector. US futures increased following positive reports from Apple. Regional equities represented by the MCSI index reversed a two-day gain, with SK Hynix and Samsung experiencing significant drops in response to AI stock sell-offs as the nation’s markets reopened […]
