Date Archives

Month: May 2024

Eurozone Inflation Exceeds May Expectations, Impact on ECB

May 31, 2024

Eurozone inflation exceeds expectations in May. In May, the Eurozone’s annual headline inflation rate increased more than expected, despite a slowdown in the monthly rate....

NZD/USD Technical Analysis: Key Levels and PCE Data Focus

May 31, 2024

NZD/USD rises above 0.6100, with a focus on US Core PCE data FUNDAMENTAL OVERVIEW: After three days of losses, the New Zealand Dollar (NZD) found...

US Dollar Retreats from Weekly High Amid Softer US GDP Numbers

May 30, 2024

US Dollar retreats from weekly high following softer-than-expected US GDP numbers. The US Dollar (USD) eased further on Thursday following the release of US Gross...

USD/CAD Finds Support at 1.3600 as Focus Shifts to US Core PCE Inflation

May 28, 2024

USD/CAD finds temporary support around 1.3600 as attention turns to US core PCE inflation data. FUNDAMENTAL OVERVIEW: The USD/CAD pair finds temporary support around 1.3600...

Nvidia’s Stock Jumps 6% Premarket with AI Chip Demand Boosting Revenue

May 23, 2024

Nvidia shares climbed over 6% in premarket trading after reporting a significant revenue surge FUNDAMENTAL OVERVIEW: Shares in Nvidia (NASDAQ: NVDA) jumped over 6% in...

Bank of England’s Broadbent Hints at Potential Rate Cut This Summer

May 20, 2024

Broadbent from the Bank of England suggests a potential rate cut this summer. Deputy Governor Ben Broadbent stated on Monday that the Bank of England...

USD/CHF Stays Near 0.9100 on Positive Market Sentiment

May 20, 2024

The USD/CHF maintains near 0.9100 levels amid positive market sentiment. FUNDAMENTAL OVERVIEW: For the third consecutive day, the USD/CHF maintains its upward momentum, hovering around...

Walmart’s Adjusted Earnings Exceed Estimates in First Quarter

May 16, 2024

Walmart’s adjusted earnings for the first quarter exceeded expectations In the first quarter, Walmart announced income and revenue figures that surpassed analysts’ predictions, benefiting from...

Bitcoin Hits $66,700 with CPI Data Boost, Struggles to Break Range

May 16, 2024

Bitcoin price surged to $66k following CPI data, yet it remains range-bound. FUNDAMENTAL OVERVIEW: On Thursday, the price of Bitcoin experienced an increase, buoyed by...

Gold Price Forecast: Trends and Predictions

May 15, 2024

Gold finds favor as investors seek safety amid global turmoil. FUNDAMENTAL OVERVIEW: Gold jumps on Wednesday after softer-than-expected US inflation (CPI) and retail sales data...

Natural Gas Prices: Latest Trends & Analysis

May 14, 2024

Natural Gas remains steady despite profit-taking at elevated levels. FUNDAMENTAL OVERVIEW: Natural Gas price (XNG/USD) has surged 40% since the end of March, partly due...

Achieve Financial Goals: Invest Wisely with Capital Street FX

May 11, 2024

Outline: Understanding the Forex Market Strategies for Successful Forex Trading Introducing Capital Street FX How Capital Street FX Helps You Invest Bonus Benefits of Capital...

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