Image Source: Unsplash The price of a troy ounce of gold climbed to 2330.00 USD on Friday. This surge was driven by investors’ ongoing evaluation of the potential direction of the US Federal Reserve’s monetary policy following mixed macroeconomic data.The US
USD/CAD trades sideways ahead of the US core PCE Inflation that will influence Fed rate cut expectations. The US Dollar remains on backfoot as weak US Q1 GDP raise concerns over the economic outlook. Investors see the BoC pivoting to
USDJPY’s price action suggests continued strength. This analysis examines the technical situation and explores potential scenarios for the currency pair. USDJPY Maintains Uptrend: Rising Trend Line Support: A key technical indicator for USDJPY is the rising trend line on the 4-hour
Image Source: Unsplash Chevron Corporation (NYSE: CVX) reported its first-quarter earnings for 2024, showcasing a robust performance despite a slight dip in earnings compared to the previous year.The company announced earnings of $5.5 billion, or $2.97 per share (diluted), a decrease from the
Image Source: Pexels The European Central Bank is on the verge of starting rate cuts and monetary developments are proving no hurdle to doing so. March data shows a subdued recovery in bank lending and money growth. With inflation expectations falling further, today’s data
Image Source: Unsplash ExxonMobil left much to be desired in its earnings report today, on April 26th. The company suffered declining earnings and EPS. This comes in spite of alaready negative Q4 financial results earlier this year. Today, on April
Image Source: Pixabay JPY VolatilityTraders are questioning whether we’re seeing the first signs of intervention today by Japanese authorities after USDJPY suddenly plunged around 1.2% before reversing the losses immediately. Overnight, the BOJ held policy unchanged, defying those expecting a policy
EURUSD has displayed renewed buying pressure, breaking above key resistance. This analysis examines the technical situation and explores potential scenarios for the currency pair. EURUSD Stages Rally: Upside Move Gains Momentum: EURUSD has built on its upward momentum, reaching a high
The latest retail sales data suggests a robust consumer, leading economists to become even more optimistic about more robust economic growth this year. To wit: “It has been two years since forecasters felt this good about the economic outlook. In the latest
Image Source: Unsplash Linked here is a detailed quantitative analysis of Emerson Electric Co. (EMR). Below are some highlights from the above-linked analysis:Company Description: Emerson Electric Co. designs and supplies product technology, and delivers engineering services and solutions to a wide range of industrial,
