Forex Market News and Analysis

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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

Fri, 03 May 2024 15:05:07 GMT

EUR/USD faces 1.0800

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

Fri, 03 May 2024 13:06:24 GMT

Apple stock jumps due to earnings

Despite suffering a 10% decline in iPhone sales, Apple has managed to bear quarterly financial forecasts by a slight margin. However, the stock is surging due to a different reason. The company has announced share buybacks that would amount to a total of $110 billion. The earnings per share for the first quarter were forecast to be $1.505, but actual

Fri, 03 May 2024 13:05:21 GMT

Apple stock jumps due to earnings

Despite suffering a 10% decline in iPhone sales, Apple has managed to bear quarterly financial forecasts by a slight margin. However, the stock is surging due to a different reason. The company has announced share buybacks that would amount to a total of $110 billion.

Fri, 03 May 2024 12:37:11 GMT

US employment data is below all forecasts

The Bureau of Labor Statistics has published the Non-farm Employment Change, Average Hourly Earnings and the Unemployment Rate. The data has been abysmal. US Dollar index has reacted to the news with an initial drop downwards below 105.00.

Fri, 03 May 2024 12:36:43 GMT

US employment data is below all forecasts

The Bureau of Labor Statistics has published the Non-farm Employment Change, Average Hourly Earnings and the Unemployment Rate. The data has been abysmal. US Dollar index has reacted to the news with an initial drop downwards below 105.00. Non-farm Employment Change was forecast to show 238,000 new jobs created. Actual numbers is just 175,000. Average Hourly Earnings were expected to show

Fri, 03 May 2024 12:30:05 GMT

3M passes expectations

Due to increased demand for electronics, 3M has managed to beat the quarterly earnings estimates. The news caused a 5.00% surge of the firm's stock price.

Fri, 03 May 2024 09:30:10 GMT

Leidos increases 2024 forecasts

Defence Company Leidos Holdings is increasing its 2024 revenue expectations, as it is experienced high demand for weaponry.

Fri, 03 May 2024 06:30:04 GMT

Meta defends its process

This week, Meta announced that its risk mitigation process is sufficient and the firm will not have an issue with a recent investigation that was started by the European Commission.

Fri, 03 May 2024 03:35:03 GMT

Coca-Cola experiences high demand

Bottler of Coca-Cola HBC has beaten its revenue estimates due to high demand of the products.

Fri, 03 May 2024 03:30:03 GMT

Hermes defends against Birkin

The fashion group Hermes has revealed that it would defend itself against a lawsuit that has been filed by Birkin.

Thu, 02 May 2024 21:30:08 GMT

SES buys Intelsat

Satellite firm SES has announced that it would buy Intelsat for a total of $3.1 billion. The firm intends to use debt to make the acquisition, which caused a drop of SES stock price.

Thu, 02 May 2024 18:30:03 GMT

Bank of Japan comments on inflation

The Japanese monetary policy maker Bank of Japan has revealed that increasing prices and wages are set to increase household income and cause more inflation that would allow the country to reach the 2.00% inflation target.

Thu, 02 May 2024 15:30:04 GMT

Mercedes-Benz keeps prices unchanged

German car maker Mercedes-Benz has revealed that despite a profit drop in the first quarter of 2024, the firm would not reduce prices.

Thu, 02 May 2024 12:30:03 GMT

Cannabis stocks surge

United States are set to reclassify cannabis as less dangerous drug, which would reduce penalties associated with growing, use and distribution. The news caused a major surge of weed stocks.

Thu, 02 May 2024 12:05:49 GMT

Gold returns to trade below 2,300.00

On May 1, US monetary policy makers, who decide upon the supply of the US Dollar, announced the Federal Funds Rate. The rate is used as a base rate for all USD denominated debt. The Fed has kept the interest rate unchanged at 5.50%, as the financial markets expected. In addition, the central bank has published the Federal Open Markets

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