Forex Market News and Analysis

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Tue, 07 May 2024 21:30:04 GMT

J&J progresses with lawsuit settlement

Recently, Johnson & Johnson has reported that the firm has been progressing in settling the ongoing talc lawsuit with a $6.48 billion settlement.

Tue, 07 May 2024 18:30:05 GMT

Apple is set to suffer decline in demand

Analysts have reported that due to Apple promising to implement AI in its future phone models demand for current models is set to decline, as consumers wait for new iPhones.

Tue, 07 May 2024 15:30:05 GMT

MasterCard gains from card spending

The payment card firm MasterCard has reported that due to high credit card spending by the US consumers the firm has experienced a 10% increase in transaction turnover.

Tue, 07 May 2024 12:30:04 GMT

KKR increases earnings

Private equity management firm KKR & Co has increased its quarterly profits by 20% on an annual basis, as earnings have been increased by transaction and management fees.

Tue, 07 May 2024 09:30:04 GMT

Haleon almost reaches forecasts

The maker of Sensodyne toothpaste Haleon has reported that in the first quarter of 2024 it almost reached the market expectations.

Tue, 07 May 2024 06:30:05 GMT

Aston Martin fails at both fronts

Despite most companies managing to increase sales in an environment of rising costs, Aston Martin has suffered from both lower sales and rising costs, in the first quarter of 2024.

Tue, 07 May 2024 03:30:04 GMT

GSK raises expectations

The firm has increased its annual profit forecasts. However, the CEO Emma Walmsley has revealed that the pace of growth could decrease.

Mon, 06 May 2024 21:30:04 GMT

Next keeps expectations unchanged

The British retailer next has reported higher than expected quarterly sales numbers. Meanwhile, the firm has kept its future profit forecasts unchanged.

Mon, 06 May 2024 18:30:04 GMT

Trump buys DJT stock

The ex-President of the United States Donald Trump has increased his stock stake in the Trump Media & Technology Group from 57.6% up to 65.0%.

Mon, 06 May 2024 15:30:05 GMT

Starbucks experiences decline

Starbucks has reported that the firm would reduce its annual sales expectations due to a decline of demand in China and the United States.

Mon, 06 May 2024 12:30:05 GMT

Microsoft expands in Asia

Tech giant Microsoft has expanded in South East Asia by opening a regional data centre in Thailand. The new data centre is the first one of its kind in the region.

Mon, 06 May 2024 09:30:04 GMT

Bank of Japan fails to prop up the Yen

The comments done by Bank of Japan about monetary tightening and the intervention in the markets done last week have failed, as the Yen has continued to lose value. The markets are aware that the Bank of Japan cannot reach its inflation target without a decline in the national currency.

Mon, 06 May 2024 06:30:03 GMT

Americans buy London real estate

BNP Paribas has reported that United States investors have been buying up commercial real estate in London at a rate not seen for eight years.

Mon, 06 May 2024 03:30:05 GMT

Eli Lilly raises expectations

The obesity drug maker Eli Lilly has revealed that the firm expects 2023 sales to be larger by $2 billion than it was previously expected.

Fri, 03 May 2024 21:30:09 GMT

US labour costs increase

The latest release of the US Employment cost index has revealed that the costs have increased by 1.2%, which was higher than the expected 1.0% increase. These news are signalling an upcoming surge in inflation.

Fri, 03 May 2024 18:30:04 GMT

European car makers experience weak demand

Reuters has published a report which indicates that European car makers like Mercedes, Stellantis and Volkswagen have all experienced a decline in demand for new vehicles.

Fri, 03 May 2024 16:55:37 GMT

Gold traders wait for decline

The Bureau of Labor Statistics has published the Non-farm Employment Change, Average Hourly Earnings and the Unemployment Rate. The data has been abysmal. The data reveals that the US economy is not doing well, as the Chairman of the Fed stated on Thursday. The economy is declining. A declining economy might need interest rate cuts. Non-farm Employment Change was forecast to

Fri, 03 May 2024 16:48:37 GMT

USD/JPY extends decline, traders go short

The Bureau of Labor Statistics has published the Non-farm Employment Change, Average Hourly Earnings and the Unemployment Rate. The data has been abysmal. The data reveals that the US economy is not doing well, as the Chairman of the Fed stated on Thursday. The economy is declining. A declining economy might need interest rate cuts. Non-farm Employment Change was forecast to

Fri, 03 May 2024 16:39:06 GMT

GBP/USD waits for Bank of England and UK GDP

The Bureau of Labor Statistics has published the Non-farm Employment Change, Average Hourly Earnings and the Unemployment Rate. The data has been abysmal. The data reveals that the US economy is not doing well, as the Chairman of the Fed stated on Thursday. The economy is declining. A declining economy might need interest rate cuts. Non-farm Employment Change was forecast to

Fri, 03 May 2024 16:12:42 GMT

EUR/USD surges due to US events

The Bureau of Labor Statistics has published the Non-farm Employment Change, Average Hourly Earnings and the Unemployment Rate. The data has been abysmal. The data reveals that the US economy is not doing well, as the Chairman of the Fed stated on Thursday. The economy is declining. A declining economy might need interest rate cuts. Non-farm Employment Change was forecast to

Fri, 03 May 2024 16:01:11 GMT

Gold is still below 2,300.00

The Bureau of Labor Statistics has published the Non-farm Employment Change, Average Hourly Earnings and the Unemployment Rate. The data has been abysmal. The data reveals that the US economy is not doing well, as the Chairman of the Fed stated on Thursday. The economy is declining. A declining economy might need interest rate cuts. Non-farm Employment Change was forecast

Fri, 03 May 2024 15:48:09 GMT

USD/JPY continues to move lower

The Bureau of Labor Statistics has published the Non-farm Employment Change, Average Hourly Earnings and the Unemployment Rate. The data has been abysmal. The data reveals that the US economy is not doing well, as the Chairman of the Fed stated on Thursday. The economy is declining. A declining economy might need interest rate cuts. Non-farm Employment Change was forecast

Fri, 03 May 2024 15:30:03 GMT

Walmart reveals new food brand

This week, Walmart announced a new label food brand "bettergoods" that is set to expand the firm's offer.

Fri, 03 May 2024 15:12:16 GMT

GBP/USD looks for support

The Bureau of Labor Statistics has published the Non-farm Employment Change, Average Hourly Earnings and the Unemployment Rate. The data has been abysmal. The data reveals that the US economy is not doing well, as the Chairman of the Fed stated on Thursday. The economy is declining. A declining economy might need interest rate cuts. Non-farm Employment Change was forecast

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