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Economics
US weekly jobless claims increase to 11-month high
The number of Americans filing new jobless claims rose to an 11-month high, indicating a slight weakening in the labor market, with claims affected by seas
Stocks
Hedge funds exposure to Chinese stocks at the lowest in five years: GS
Global hedge funds have reduced their exposure to Chinese equities to the lowest level in five years while significantly increasing their investments in Ja
Economics
US: Initial Jobless Claims rose more than estimated last week
US citizens that applied for unemployment insurance benefits increased by 249K in the week ending July 27 according to the US Department of Labor (DoL) on
Stocks
Progressive groups in the US push for Nvidia antitrust investigation
U.S. progressive groups and Senator Elizabeth Warren urge the Department of Justice to investigate Nvidia's market dominance in AI chips.
Forex
GBP/USD consolidates in a range around mid-1.2800s, looks to BoE for fresh impetus
The GBP/USD pair struggles to capitalize on the previous day's post-FOMC positive move and oscillates in a narrow trading band during the Asian session on
Commodities
Oil prices extend gains on Israel-Hamas fears, OPEC+ awaited
Focus was also squarely on a meeting of the Organization of Petroleum Exporting Countries and allies (OPEC+), for more cues on the cartel’s plans for produ
Commodities
Silver Price Forecast: XAG/USD holds position near $29.00 with a positive bias
Silver price retraces its recent gains, trading around $28.90 per troy ounce during the Asian hours on Thursday.
Forex
USD/CHF languishes near its lowest level since March, holds above mid-0.8700s
USD/CHF drifts lower for the third straight day amid the post-FOMC USD selling bias.
Forex
EUR/USD extends its recovery above 1.0800 amid Fed September rate cut signal
The EUR/USD pair rebounds to nearly 1.0835 during the Asian session on Thursday.
Forex
AUD/JPY Price Analysis: Remains depressed near mid-97.00s, lowest level since March 12
AUD/JPY drifts lower for the third straight day and dives to a fresh multi-month low.
Forex
Japanese Yen extends rally to four-month highs due to hawkish BoJ
The Japanese Yen (JPY) continues to climb against the US Dollar (USD) for the third straight session, reaching a four-month high of 148.50 on Thursday.
Economics
China’s manufacturing sector unexpectedly shrinks in July- Caixin PMI
Investing.com-- Chinese manufacturing activity unexpectedly shrank in July, private purchasing managers index data showed on Thursday, furthering the notio
Commodities
Crude Oil lurches higher amid US inventory draws, fresh Middle East tensions
West Texas Intermediate (WTI) US Crude Oil jumped back into $78.00 per barrel on Wednesday after the Energy Information Administration (EIA) reported anoth
Forex
GBP/USD churns below 1.2900 ahead of BoE rate call
GBP/USD waffled in a near-term range on Wednesday after the Federal Reserve (Fed) hit wide market expectations of one last rate hold for July, with expecta
Forex
EUR/USD cycles familiar levels as NFP jobs dump looms ahead
EUR/USD churned near key technical levels on Wednesday after the Federal Reserve (Fed) held rates steady for one last meeting as markets had broadly antici
Commodities
WTI holds above $78.00 amid escalating Middle East tensions
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $78.00 on Thursday. WTI price edges higher amid the fear of wider geopolitical
Economics
Fed keeps rates steady, but acknowledges inflation progress
Investing.com -- The Federal Reserve left interest rates unchanged Wednesday, but acknowledged recent progress on inflation and cooling in the labor market
Stocks
Meta Platforms delivers upbeat guidance as Q2 results beat estimates; shares jump
Investing.com -- Meta Platforms on Wednesday delivered better-than-expected guidance for the current quarter after reporting second-quarter results that be
Economics
Fed Chair Powell's speech 'firmly risk positive': Evercore
Federal Reserve Chairman Jerome Powell indicated a potential interest rate cut in the upcoming September meeting, a move that has been widely expected.
Stocks
Elon Musk’s xAI considers buying Character.ai- The Information
Investing.com-- Elon Musk’s xAI start-up is considering buying chatbot maker Character.ai as it seeks more ways to test its flagship artificial intelligenc
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