Tag: Business

In October, personal income in the United States increased by 0.6% compared to the previous month, surpassing the expected 0.3% rise. This growth amounted to a total increase of $147.4 billion. At the same...

The European Central Bank (ECB) Executive Board member Isabel Schnabel has expressed a cautious stance on the current accommodative monetary policy. Despite the recent dovish sentiment within the central bank, Schnabel believes that the...

The US 100 index is currently trading sideways, just below its all-time high, as it grapples with the August 5, 2024 trendline. Market sentiment remains cautiously bullish, with investors closely monitoring geopolitical tensions and...

The Canadian dollar took a hit recently, dropping over 1.4% against the US dollar. This drop came after President Trump's threats to impose new tariffs on goods from Mexico and Canada. The USDCAD pair...

The EUR/USD mid-day analysis shows that the intraday bias remains neutral and the outlook is unchanged. While there may be more consolidations above the temporary low of 1.0330, a further decline is expected as...

Minneapolis Federal Reserve President Neel Kashkari recently shared his thoughts on the upcoming December meeting, hinting at the possibility of a rate cut. In an interview with Bloomberg TV, Kashkari mentioned that a 25-basis-point...

The Reserve Bank of New Zealand is gearing up for its last policy meeting of 2024, with expectations high for a rate cut of 50 basis points. The RBNZ has been on a loosening...

The latest PMI figures were just released, and unfortunately, they were not as positive as analysts had hoped. Both the Flash Manufacturing PMI and Flash Services PMI for Germany and France fell below the...

Gold (XAUUSD) has been showing an interesting Elliott Wave pattern in the short term. The recent rally ended at 2790.07, marking the completion of wave ((3)). This was followed by a pullback in wave...

The Australian Dollar (AUD) continued to decline against the US Dollar (USD) and tested the 0.6440 support level. However, it managed to bounce back above a bearish trend line with resistance at 0.6480 on...