The news of Mike Lynch’s acquittal in June was a moment of relief for the British technology entrepreneur who had been embroiled in a lengthy legal battle with Hewlett Packard. However, just two months after being cleared of fraud charges, tragedy struck as Lynch was reported missing following the sinking of a superyacht off the
admin
The dollar has fallen to its lowest point this year against the euro, with traders anxiously awaiting potential revisions to the U.S. payrolls data. This uncertainty is further compounded by an upcoming speech from Federal Reserve Chair Jerome Powell, adding to the volatility in the market. The pressure on the U.S. currency is evident as
In recent months, the Australian labor market has shown remarkable resilience, posing challenges for the country’s inflation outlook. Despite this resilience, annual inflation rates have remained in line with expectations. However, concerns have been raised regarding the sustainability of this trend, especially in the services sector. The strong jobs market has been a driving force
Financial advice websites often provide general news and publications, along with personal analysis and opinions, which may not be suitable for every individual’s specific financial situation. It is crucial to understand that such content is intended for educational and research purposes only, and should not be considered personalized recommendations or advice to make any financial
Electric vehicles (EVs) have been touted as a more cost-efficient option for consumers compared to traditional gasoline-powered cars. While initial purchase prices may be higher for EVs, the long-term savings on fuel and maintenance costs make them a potentially cheaper choice over the lifetime of the vehicle. However, various factors such as the EV model,
BTCUSD, also known as Bitcoin, has been stuck in a sideways trading pattern over the past few sessions. The sentiment surrounding this cryptocurrency has been deteriorating, especially after facing multiple rejections at the 50-day SMA. This lack of upward momentum has caused concerns among traders and investors. Downside Potential and Key Levels to Watch In
A luxury yacht named Bayesian, carrying 22 people and anchored off the port of Porticello, was struck by a violent storm, resulting in the tragic sinking of the vessel. One person on board lost their life, and six individuals, including British tech entrepreneur Mike Lynch and his daughter, are still missing. Among the missing passengers
The USD/CHF pair has been struggling and losing ground, hovering around 0.8620 in the early Asian trading session. One of the major factors contributing to this decline is the market’s expectation of three quarter-point rate cuts by the Federal Reserve this year. This anticipation has significantly weakened the US Dollar, putting pressure on the pair
Recent developments in the U.S. inflation rate and labour market have created uncertainty in the currency market, leading to a bearish sentiment towards the dollar. This has caused key currency pairs, such as GBP/USD, to approach critical levels that could potentially trigger new medium-term trends. Technical analysis of GBP/USD indicates the possibility of a retest
Investor confidence is on the rise as anticipation builds for Federal Reserve Chair Jerome Powell’s upcoming speech. Stock markets around the world are showing signs of positivity, with Asian shares reaching a one-month peak and stock futures pointing towards a positive open in London and New York. The possibility of dovish rhetoric from Powell is
The New Zealand Dollar has shown strong gains in the Asian session on Tuesday, driven by positive market sentiment that has weighed on the US Dollar. Investors are closely watching the People’s Bank of China (PBoC) rate decision, as well as upcoming Fedspeak scheduled for Tuesday. The PBoC decided to maintain the one-year and five-year
Gold prices have been on a remarkable upward trajectory, with the precious metal hovering around $2500 per troy ounce. This surge can be largely attributed to the increased demand for safe-haven assets in light of ongoing geopolitical tensions. The focus remains on the conflict in the Middle East, especially with U.S. Secretary of State Antony