Recent content by syamfx2020

EURUSD fell heavily towards a fresh 6-month low and broke several supports during the process after the US dollar extended the bullish rally. ECB's possible pause in rate hike sentiments has been keeping the euro under pressure lately. However, the President of the European Central Bank (ECB)...

The past few trading sessions have been a tough time for gold and silver buyers. But the metals have pulled back a bit during the early trading session on Friday, as we continue to see a lot of noisy behavior ahead of next week’s FED meeting. As of this writing, gold price rebounded back to...

Global markets ended last week on a mixed note rattled by uncertainty over the next moves of central banks. Overall, global markets continue to face uncertainty over the direction of interest rates, which are likely to lead the volatility in the near term. This week the economic calendar will...

Shares of Apple (NASDAQ: AAPL), which is also the world's most valuable listed company, sharply reversed from the monthly highs. The stock dropped back to below $180 ahead of Apple’s annual event on September 12. As of writing this article, the stock trades at $176. The stock fell more than 4%...

Shares of the video game retailer GameStop (NYSE: GME) jumped more than 8% in after-hours trading on Wednesday after the company reported better-than-expected fiscal second-quarter earnings report. GameStop posted an adjusted loss per share of $0.03 and revenue of $1.16 billion topped the $0.14...

Crude oil prices spiked to fresh ten-month highs on Tuesday after the largest oil producers & exporters namely Saudi Arabia and Russia agreed to extend their voluntary oil production cuts through the end of this year, trimming 1.3 million barrels of crude out of the global market and boosting...

Global equity markets slid lower today after the disappointing August services PMI readings from China and European regions. China pointed to a bigger-than-expected slowdown in services activity. The Caixin services purchasing managers' index in August increased by 51.8, which was less than the...

Shares of the giant provider of CRM solutions, Salesforce (NYSE: CRM) and identity management software firm Okta (NASDAQ: OKTA) bounced last week after both the companies topped expectations in Q2 and provided an upbeat outlook. Salesforce (CRM) shares surged more than 10% last week as the...

Crude oil prices and precious metals registered solid gains while global stocks ended modestly higher last week after the NFP data. The much-anticipated US Non-Farm Payrolls (NFP) report came mixed. The United States announced that Nonfarm Payrolls increased by 187k in August, surpassing...

Today traders across the globe waiting for the much-anticipated Non-Farm Payrolls (NFP) report after Thursday’s release of the core PCE price index suggests the possibility of an additional 25 basis points rate increase this year. Additionally, US weekly unemployment claims dropped to 228k from...

The euro remains under pressure against the US dollar and other currency pairs following the release of Eurozone inflation data. The latest Eurozone CPI report showed that the annual inflation rate was unchanged at 5.3% YoY in August. The inflation rate was expected to fall to 5.1%. On the other...

The price of Bitcoin (BTCUSD) has increased by more than 7% in the past 24 hours to $28,100 as the US court ruled in favor of Grayscale Investments, a subsidiary of Digital Currency Group, in regard to the application of a spot BTC ETF. The upside momentum was also lifted after the social media...

Global markets ended mixed on Friday after U.S. Federal Reserve Chair Jerome Powell acknowledged the possibility that the Fed might have to hike interest rates again during his speech at the Jackson Hole conference. After the speech, CME Group projected that there is a 20% chance that the Fed...

Vaccine stocks regained momentum nowadays after the new variants of covid EG.5.1, known as "Eris" and XBB.1.16.6 are emerging in the U.S. As per the latest report, Covid hospitalizations have surged around 22% over the last week in the U.S. Meantime, a new coronavirus variant has been detected...

The US dollar pairs remain the centre stage of attention for the next two days. The dollar index, which tracks the U.S. currency against six major peers reversed from the 11-week highs and ended lower on Wednesday. The index had good two-way price moves since the beginning of this week...