Currencies
Bank of Japan, Yen News and AnalysisBank of Japan hikes rates by 0.15%, raising the policy rate to 0.25%BoJ outlines flexible, quarterly bond tapering timelineJapanese yen initially sold off but strengthened after the announcement Recommended by Richard Snow Get Your Free JPY Forecast BoJ Hikes to 0.25% and Outlines Bond…
Article written by Yeap Jun Rong – Market Strategist SingaporeWhen does Coinbase Inc report earnings?Coinbase is set to release its quarter two (Q2) 2024 financial results on 1 August 2024, after the US market closes.Coinbase’s 2Q 2024 results – what to expectKey Metrics2Q 20232Q 2024EYoY Growth %Total Revenue (US$ millions)7081,39697.2%-…
Euro (EUR/USD) Remains Under Pressure as German Economy Contracts in Q2The ECB may need to act to reboot the German economy.German inflation data out later today is now key. Recommended by Nick Cawley Introduction to Forex News Trading For all high-importance data releases and events, see the DailyFX Economic CalendarThe…
British Pound (GBP) Latest – Will the Bank of England Cut Rates This Week?Expectations are growing that the BoE will start cutting rates this week.GBP/USD may have already put in its medium-term high. Recommended by Nick Cawley Get Your Free GBP Forecast The Bank of England will release its latest…
Bitcoin (BTC/USD) and Ethereum (ETH/USD) News and AnalysisPresidential candidate Donald Trump champions Bitcoin and vows to create a government “stockpile”Bitcoin rose after Trump’s speech but resistance zone comes strongly into viewEthereum continues broader consolidation pattern Recommended by Richard Snow Get Your Free Bitcoin Forecast Presidential candidate Donald Trump threw his…
US Inflation Data Little Changed in June, USD and Gold Listless Post-releaseUS Core PCE y/y unchanged at 2.6%, missing estimates of 2.5%.Interest rate probabilities are unmoved with a September cut fully priced in.For all high-impact data and event releases, see the real-time DailyFX Economic Calendar Recommended by Nick Cawley Get…
Curious to learn how market positioning can affect asset prices? Our sentiment guide holds the insights—download it now! Recommended by Richard Snow Improve your trading with IG Client Sentiment Data AUD/USD:Retail trader data reveals that 78.72% of traders are net-long, with a ratio of 3.70 long traders for every short…
Article written by Tony Sycamore, Market Analyst for IG AustraliaWhen will Apple report its latest earnings?Apple is scheduled to report its third quarter (Q3) earnings on Thursday, August 1, 2024.Key Financial MetricsLast quarter (Q2), Apple reported a revenue beat of $90.75 billion vs. $90.01 expected and an EPS beat of…
US Dollar Analysis and ChartUS economy expands by 2.8% in Q2, initial data show.US dollar little changed, eyes Friday’s US Core PCE release.For all high-impact data and event releases, see the real-time DailyFX Economic CalendarThe US economy expanded by 2.8% in Q2 – beating market forecasts of 2% – according…
Profit slump and financial performanceTesla’s second-quarter profits for 2024 plummeted by 45%, with net income falling to $1.47 billion, well below analysts’ expectations of $1.9 billion. The electric vehicle giant faced headwinds from slower sales, increased costs due to employee layoffs, and significant investments in artificial intelligence infrastructure.Despite these challenges,…
