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Shares of the world's most valuable listed company Apple (NASDAQ: AAPL) reached a new all-time high of $185.90 on Monday ahead of its annual software developer conference. The tech pioneer unveiled a new "Vision Pro" mixed-reality headset during its worldwide developer’s conference Monday. While...

Global markets started the new week on a positive note after US President Joe Biden signed the debt ceiling bill into law, averting a potentially catastrophic default by the US government. The bullish sentiment was also boosted by the latest OPEC+ meeting outcome. The Organization of the...

Eurozone inflation data showed signs of moderating in May, giving the European central bank room to pause interest-rate increases soon. The latest Eurozone CPI data showed the Eurozone's inflation rate dropped to 6.1% in May, marking its lowest level since February 2022 and falling below the...

Shares of Cloud-based software provider Salesforce (NYSE: CRM) hit a fresh 52-week high of $222 on Tuesday. The stock gained more than 60% this year. The company is set to report financial results for the last quarter today, after the market close. The company is expected to post quarterly...

Global markets started the new week with positive news. US President Joe Biden and House Speaker Kevin McCarthy reached an “agreement in principle” to raise the nation's legal debt ceiling on Saturday. However, the markets hardly moved on Monday morning as the U.S. and UK markets are closed for...

EURUSD plunged to a new 2-month low of 1.0715 after the release of disappointing German GDP data. The data showed Europe’s largest economy, Germany enters recession after GDP falls for the second successive quarter. The GDP contracted by 0.3% during the first quarter of 2023. This comes after...

The California-based teleconferencing platform Zoom Video Communications Inc (NASDAQ: ZM) reported better-than-expected earnings and revenue for its fiscal first quarter on Monday. Zoom ended the last quarter with 215,900 enterprise customers, up 9% from a year earlier. The company also...

Following a sharp drop to a fresh 2-month low of 1.7170 on Friday last week, the EURNZD pair staged a rebound and was traded above 1.7230 during the European session on Monday. However, the pair retreats back to below 1.72 later in the session as the upside momentum was limited. The traders...

The US dollar retreated from the 2-month highs while US stocks and oil prices ended slightly lower on Friday following the mixed remarks from US Treasury Secretary Janet Yellen and Fed Chair Jerome Powell. The Fed chair Jerome Powell reinstated that inflation is still far above the target, but...

Netflix Inc (NASDAQ: NFLX) stock surged almost 10% on Thursday after the streaming pioneer unveiled details about its new ad development to advertisers. The company said it had five million monthly active users for its cheaper, ad-supported option and 25% of its new subscribers were signing up...

Walmart, America's largest retailer stock is consolidating now after failing to break above the 52-week high of 154.65. On Wednesday, the stock closed at $149.53. The company will be in focus today as it publishes its first-quarter financial results before the bell on Thursday. The company is...

The world's largest video game publisher Tencent reported robust first-quarter revenue numbers. The Chinese gaming giant revenue in the first quarter increased by 11% — the fastest growth in more than a year. The revenue came in at 150B Chinese yuan ($21.4B) vs. the 146.09B yuan expected. Net...

Commodities, Precious metals and stocks ended mixed last week despite the latest US CPI and PPI readings showing continued month-over-month inflation moderation. Investors and market participants remain concerned about the debt ceiling impasse, after the meeting between President Biden and...

The U.S. dollar is considered the world over as currency that offers the most with regard to stability. The US Dollar Index, which measures the greenback’s value against the basket of six major currencies price action remained volatile and traded with a strong bid tone on Thursday. As of this...

GBPUSD reversed from the fresh yearly highs of 1.2675 and retreated back to below 1.2570 ahead of the Bank of England interest rate decision. The central bank is expected to raise the bank rate by 25 basis points to 4.5% today. Interest rate decision to be announced at 12:00 GMT, with updated...

Shares of Digital lodging platform Airbnb (NASDAQ: ABNB) gained about 35% this year. On Monday, the stock extends its recent rebound and closed almost 5% higher ahead of the earnings results. Airbnb is scheduled to report its Q1 financial results on Tuesday, May 09, after the market closes. The...

Global markets ended mixed last week after the 3 major central banks RBA, FED, and the ECB raised interest rates by 25 basis points across their lending rates, respectively. The central banks hinted at a possible holding of interest rates in the period ahead. The main attractions for this week...

The volatility remained high this week, based on a list of important data and events while the dollar index finished the overnight session almost unchanged with volatility squashed ahead of the US NFP data. NFP report measures the previous month's employment condition, which is a key indicator...

EURUSD EUR/USD has been consolidating above the 1.1000 level on Friday after a recovery in the Asian session. The upcoming catalyst for the pair will be the April Nonfarm Payrolls data from the US, with investors also monitoring news related to the banking crisis. The long-term outlook appears...

Following yesterday’s Fed release, the European Central Bank (ECB) comes out with its Interest Rate decision today at 12:15 GMT. The ECB is expected to announce a 0.25% increase in its benchmark interest rate. While market participants and investors would be keenly looking at whether the Central...