Raspberry Pi Holdings (RPI) shares soared during its first day of trading on the London Stock Exchange (LSE). The British personal computer maker started conditional trading on Tuesday 11 June 2024 and its IPO performance gave the LSE a much-needed boost as it had battled to attract tech listings in the past. During morning trade,…
The EUR/USD pair declined to 1.0740 on Wednesday, nearing the month’s low. This downward movement is primarily driven by the political instability in France following the significant developments in the European Parliament elections. French President Emmanuel Macron has called for early legislative elections after the far-right party’s strong showing. While Macron retains the presidency and…
China is reportedly converting unsold residential properties into economic housing to dispose of this notable inventory. Economists and Chinese property developers have said that the action will not significantly help this financially challenged market. In May 2024, Beijing announced a proposal for a 300bn CNY credit facility that could trigger bank financing for state-owned enterprises…
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Gold vs the Fed الذهب يواجه الفيدرالي Source link
2024.06.12 2024.06.12 Mexican peso loses its shine. Forecast as of 12.06.2024 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ When a political party is willing to enact radical reforms, any currency can quickly lose its appeal, as happened with the Mexican peso. Let’s discuss this topic and make a trading plan for USDMXN. Quarterly fundamental Mexican peso forecast There is only one…
FTSE 100 in Recovery Mode Despite Stagnant GDP Growth Source: DailyFX The FTSE 100 bounced back from Tuesday’s low of 8,115, despite the UK GDP marking its weakest performance in four months due to declines in industrial output and construction offsetting a rise in services. Further gains depend on US CPI data and today’s FOMC…
US Bureau of Labor Statistics – US CPI Report (May) Source: DailyFX The latest US inflation report revealed a more significant easing in price pressures than anticipated. All headline figures were below expectations and last month’s numbers. The unexpected drop in core CPI y/y from 3.6% to 3.4% surprised the market, causing the USD to…
What’s interesting, the term tear sheet can have various meanings depending on the industry. In the case of finance, it is a concise summary of a company’s financial performance and key data, typically used by analysts, financial advisors and investors to analyze the investment potential of a company. In the majority of cases, a tear…
Yesterday, the USD/CAD exchange rate climbed above 1.3785 for the first time since mid-April. However, today’s USD/CAD chart shows that it failed to consolidate at this peak and has dropped to a weekly low. These fluctuations might be interpreted as traders positioning themselves ahead of today’s critical events. According to ForexFactory: At 15:30 GMT+3, US…