Overview: The Federal Reserve triggered a dollar sell-off yesterday and follow-through selling was seen in Asia before profit-taking emerged. That created a new dollar selling opportunity in early European turnover.Unsplash The FOMC revised up this year’s growth forecast, shaved the unemployment projection,
March 21, 2024
Company: Rumo SABloomberg ticker: RAIL3 BZMarket cap: US$8,619mBackground: Rumo S.A. owns and operates rail networks. The Company transports agricultural commodities, chemicals, petrochemicals, construction materials, electronic goods, automotive parts, steel and forestry products, and fertilizers. Rumo serves customers in Brazil. World Class Benchmarking of Rumo
Image Source: Unsplash Boeing (BA) is an American multinational corporation that designs, manufactures, and sells airplanes, rotorcraft, rockets, satellites, and telecommunications equipment. It is one of the world’s largest aerospace manufacturers, along with its main competitors Airbus and Lockheed Martin. Boeing
Image Source: Unsplash As of Wednesday’s stock market close, the Dow Jones Index (US30) was up 1.03%. The S&P 500 Index (US500) added 0.89%. The Nasdaq Technology Index (US100) closed positive 1.25%. The US stocks closed at record highs on Wednesday after the US Federal Reserve left its outlook
EURUSD has displayed a promising turnaround, bouncing from a recent low and breaching a key resistance level. This analysis explores the technical situation and examines potential scenarios for the currency pair. Price Recovers from Lows: Strong Bounce Witnessed: EURUSD has staged
The Swiss National Bank is the first major central bank in the developed world to cut rates in this cycle, lowering its main key rate from 1.75% to 1.50%. This came as a surprise, as the status quo was expected
FTSE Breaking OutAhead of the Bank of England meeting today, the FTSE has broken out to its highest levels since May 2023. A weaker-than-forecast inflation reading earlier in the week has prompted speculation that we might hear a more dovish
While many inspiring teachings exist about attaining individual happiness, it’s worthwhile to consider how happy entire countries are on a collective scale. Happiness, like love, is perhaps one of the least understood and most sought-after emotions and experiences in human
Ernest Hemingway wrote one of the great lines about how change happens in The Sun Also Rises. Here is the set-up and delivery: “How did you go bankrupt?” Bill asked. “Two ways,” Mike said. “Gradually and then suddenly.” The phrase “gradually and
Image Source: DepositPhotosAUD/JPY continues to extend its gains that began on March 15, trading higher around 99.90 during the European session on Thursday. The Australian Dollar (AUD) maintained its upward trajectory supported by positive economic data from Australia, bolstering the
