Quick Look: Silver prices hit a three-year high at $27.25, a 9.4% increase, showcasing a bullish market trend. Key drivers include strong industrial data from China, a technical breakout, and a global supply deficit. Parallel rise in gold prices, with gold reaching a new high at $2,315, reflecting increased interest in precious metals. Silver’s industrial …
Quick Look: Zebra Technologies partners with Google Cloud and Qualcomm to boost workplace productivity with AI. The initiative aims to reduce cognitive load and improve decision-making and training via AI chat. The partnership will take place at Google Cloud Next 2024 in Las Vegas. Zebra’s financial health and innovation showed a $15.05 billion market cap …
AI at Work: Zebra, Google Cloud & Qualcomm Join Forces Read More »
Quick Look: USD/JPY approaches 152.00, with support at 151.20, hinting at further gains. Technicals show USD/JPY bullish above 150.50, with critical supports at 151.20 and 150.65. Market watchers for potential Japanese intervention around the 155.00 level. Upcoming U.S. jobs report critical for currency and interest rate directions. The USD/JPY pair has made significant headlines as …
USD/JPY Nears 152 Amid US Jobs Data Anticipation Read More »
Quick Look: AUD gains against US Dollar amid economic optimism and ahead of US Initial Jobless Claims. Economic indicators show Australia’s robust economic performance, with services and composite PMI rising. US shows mixed economic signals; Fed officials signal readiness for rate adjustments. China’s Services PMI improvement suggests a stable recovery, affecting Australia positively. Aussie trades …
AUD Surges: Economic Optimism & Fed Insights Propel Rise Read More »
Quick Look: Dell’s shares climbed 8.6%, marking a 67% rise in 2024 and 214% over the past year. Completed a historic $60 billion merger with EMC, expanding market footprint. Analysts rate the company as a ‘Moderate Buy,’ with a target price of around $102.88. In the whirlwind of today’s trading, Dell Technologies Inc. (NYSE: DELL) …
Dell Skyrockets 8.6% to $128.58, Up 214% This Year Read More »
Quick Look: WTI crude is up by 0.3% to $85.43, and Brent crude is up by 0.5% to $89.35 amid global tensions. May gasoline + +0.1%, heating oil + +0.8%, natural gas + +1.1%. Crude inventory +3.2M barrels; gasoline inventory -4.3M barrels. Tehran vows retaliation; Ukrainian attacks impact Russian refining. In the latest commodities market …
Gasoline Prices Up 0.5%: Geopolitical Tensions Stir Markets Read More »
Quick Look: Thailand and Singapore emphasize digital and green economies, deep tech, and smart cities. The economic outlook for Thailand in 2024 projects growth of 2.8%-3.3%, with calls for governmental action to stimulate the economy. Ongoing EU-Thailand trade talks seek to balance economic growth with democratic principles. The partnership aims for economic resilience and innovation, …
Singapore-Thailand Talks Boost Digital & Green Growth Read More »
Quick Look: NZD/USD edges higher by 0.55%, still under bearish control. Daily RSI at 44; Hourly RSI peaks at 76, hinting at short-term bullishness. Trades below key SMAs; bearish Measured Move pattern suggests targeting 0.5800s. US Services PMI miss vs. NZ economic contraction; RBNZ holds on rates. Short-term relief is possible, but the broader trend …
Quick Look: USD Index drops to 104.00, weakened by subpar economic indicators, hinting at investor unease. Euro and Pound gain on optimism, breaking key technical levels. WTI crude >$86/bbl, Gold nears $2,300/oz, Silver >$27/oz. Influences market sentiments with varied forecasts for major currencies. The USD Index (DXY), a barometer for the U.S. dollar’s strength against …
Quick Look: Tesla (TSLA) faces its first annual sales decline amid fierce EV competition. Production at 433,000 vehicles; deliveries fell to 387,000 units. Price cuts strain profit margins, and TSLA’s stock drops sharply. Production issues include Model 3 updates and factory disruptions. Recently Tesla has encountered its first annual sales decline since the onset of …
Tesla Faces 1st Annual Sales Drop Amid EV Battle Read More »
Quick Look: Cocoa prices have skyrocketed, doubling in early 2024 and tripling over the past year. Major chocolate companies face stock declines and increased production costs, pushing chocolate to become a luxury commodity. Financial analysts highlight the negative impact on companies like Hershey, with consumer behaviour shifting due to rising prices. In an unprecedented shift …
Cocoa Prices Triple: Hedge Funds Face Record Exposure Read More »
Quick Look: Photoncycle introduces a cost-effective, hydrogen-based home energy storage in Oslo, offering a solid alternative to traditional batteries. Their technology promises 20x the storage density of lithium-ion batteries and eliminates fire and explosion risks. With $5.3M in funding, it targets off-grid potentials and heating markets, challenging products like Tesla’s Powerwall. CEO Bjørn Brandtzaeg highlights …
Photoncycle’s Hydrogen Home Energy: Cheaper & Safer Read More »
Quick Look: The Australian Dollar consolidates against the USD and finds support at 0.6450. Global risk appetite influences AUD’s strength against USD. AUD/JPY sees a modest increase, with resistance at Tenkan-Sen, 100.50, and 101.00. As of Tuesday, the AUD/USD pair entered a consolidation phase, experiencing a slight rally during the session. The currency found major …
Australian Dollar’s Turbulent Trade: USD And JPY Market Analysis Read More »
Quick Look: AUD/USD is close to crucial support, hinting at possible further declines or a bullish reversal. EUR/USD approaches a support zone, with its future direction depending on its resilience. GBP/USD’s fluctuations around its SMA indicate uncertainty in its next movement direction. EUR/AUD maintains a neutral to cautiously bullish outlook, influenced by iron ore prices …
Quick Look: Micron’s stock hit a record high of $127.38, a 53% gain YTD, fueled by the AI sector growth. Bank of America raises the company’s price target to $144, citing potential in HBM chip technology. Analyst consensus rates Micron a ‘Strong Buy’, with an average price target of $129.96. According to insider sales, institutional …
WhoIs Best Broker is leading Forex and Economy news Website. We provide you with the latest news and videos straight from the Financial Industry..
