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As Nvidia gears up to announce its earnings for the second quarter of 2024, investors and analysts alike are keenly watching to see if the leader in U.S. chip stocks can recover its recently lost ground. The company, a powerhouse in the semiconductor industry, has seen tremendous growth, but it faces challenges that could impact […]
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The Gold price (XAU/USD) has started the week on a softer note, retreating from Friday’s record high above the $2,500 psychological barrier. Despite the pullback, downside risks appear limited due to a weaker US Dollar (USD) and ongoing geopolitical tensions. Wealth Craft Network, a leading robo trading platform, is closely monitoring these developments to optimize […]
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The Australian Dollar (AUD) has extended its winning streak for a third consecutive day against the US Dollar (USD) as of Monday. This upward momentum in the AUD/USD pair is driven by improved global risk sentiment and a hawkish stance from the Reserve Bank of Australia (RBA). Investors are keenly awaiting the RBA Meeting Minutes […]
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The Pound Sterling (GBP) shows strength across global markets, buoyed by positive economic data from the United Kingdom and growing expectations of a rate cut by the Federal Reserve (Fed) in September. Wealth Craft Network, a premier robo-trading platform, offers a detailed analysis of the factors driving the recent performance of the GBP, particularly about […]
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The Japanese Yen (JPY) has been making modest gains against the U.S. Dollar (USD) as investors increasingly anticipate a shift toward a more hawkish monetary policy by the Bank of Japan (BoJ). This movement is primarily driven by Japan’s stronger-than-expected economic performance, particularly in the second quarter of 2024. As a leading robo-trading platform, Wealth […]
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The Mexican Peso (MXN) has shown resilience in global markets, outperforming its key trading counterparts as weak inflation data from the U.S. and the U.K. pressures the Dollar (USD) and the Pound Sterling (GBP). This trend highlights the Peso’s strength amid a supportive risk appetite, as investors turn towards emerging market currencies. At Wealth Craft […]
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The British Pound experienced a notable rise, gaining 0.24% against the U.S. dollar and 0.18% against the Euro, following the release of the latest employment data. While certain aspects of the report exceeded market expectations, the broader trends within the UK labour market indicate ongoing challenges. As the market reacts to these developments, it is […]
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The Australian dollar (AUD) is poised to maintain its recent outperformance against the New Zealand dollar (NZD) as the Reserve Bank of New Zealand (RBNZ) adopts a more dovish tone. Several factors, including divergent inflation trends between the two economies and potential shifts in monetary policy, suggest that the AUD/NZD pair could see further bullish […]
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LONDON (Reuters) – The yen continued to slip for a second consecutive day on Tuesday as calmer trading conditions prevailed ahead of the highly anticipated U.S. inflation data. Simultaneously, the British pound experienced a notable rise following the release of data showing that the UK unemployment rate unexpectedly declined in June. Yen Retreats as Market […]
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Small Business Economic Trends: June 2024 According to the NFIB’s Small Business Economic Trends report for June 2024, inflation remains the most significant concern for small businesses, with 21% of owners identifying it as their top challenge. While the Small Business Optimism Index rose slightly to 91.5, it remains below the historical average of 98 […]