Apple Gains After Earnings Beat, Carrying Nasdaq 100 Futures Higher
Apple’s financial results beat expectations, with both EPS and revenue clocking in above estimates. Shares of the tech company rally after the earnings announcement. Read More
Gold Prices Rise as Markets Focus on Fed Rate Cut Bets and Regional Bank Woes
Gold prices aimed slightly higher on Thursday as Fed easing bets and regional bank woes continued to drive market sentiment. Bearish technical patterns are brewing for XAU/USD, however. Read More
Japanese Yen Toys with the Market as Ranges Break then Retreats. Where to for USD/JPY?
The Japanese Yen sunk and then sailed north against the US Dollar this week as markets contemplate the Fed’s action against the Bank of Japan’s non-action. Is the trend intact for USD/JPY? Read More
IronFX UK Sees 2022 Profit Rise despite Fall in Revenue
Notesco UK Limited, which operates the brokerage brand IronFX in the United Kingdom, published its annual financials for 2023, showing a correction in the revenue at $643,795. The figure dropped by more than 25 percent from the previous year’s $863,071 when the firm doubled its revenue. Profit of IronFX UK Climbs The company ended the year with a pre-tax profit […]
GBP/USD Price Forecast: Fresh Yearly Highs for Pound Ahead of NFP
GBP/USD extends its recent upside now hitting new 2023 highs but with NFP around the corner, will we see a continuation or pullback? Read More
US Dollar (DXY) Struggles Continue as the Latest US Jobs Report (NFP) Nears
If current market pricing is to be believed, US interest rates will be 175 basis points lower this time next year, and that will hit the dollar hard. Next up, US NFPs. Read More
Swiss Franc Price Outlook: Banking Woes Support CHF Bid
The Swiss Franc has been one of the top performers against the dollar as its safe-haven allure provides shelter from the recent banking and economic uncertainty Read More
April Jobs Report: NFP Rises by 253k as Unemployment Falls and Average Hourly Earnings Rise
US Jobs numbers surge higher as average hourly earnings adds to inflationary concerns. Unemployment matches January print, a 50-year low. Read More
Cboe’s Global FX Revenue Rises 8% YoY in Q1
The net revenue from foreign exchange trading activities on Cboe Global Markets’ platforms increased by 8% year-over-year during first quarter 2023, the American exchange operator disclosed on Friday in its latest financial performance report. The increase came primarily as a result of higher net transaction fees, Cboe said.Cboe FX Hits Multiple Volume Records in Q1In the report, Cboe noted that […]
S&P 500, Nasdaq Weekly Outlook: Banking Sector Stress Takes Center Stage
US equities have struggled to clear past their recent highs even as the US Federal Reserve hinted at a pause in the hiking cycle. As the earnings season draws to a close, banking sector concerns appear to be taking center stage, posing a risk to the multi-week uptrend. Read More