May home sales slow down as elevated mortgage rates keep buyers at bay
US Home Sales Show Unexpected Increase Amid High Mortgage Rates In May, existing home sales in the United States rose unexpectedly, but the overall trend continues to be relatively weak, largely due to elevated mortgage rates. The National Association of Realtors (NAR) reported on Monday that home sales climbed by 0.8% last month, reaching a […]
European stocks recover while attention stays on the Middle East; UK retail sales fall
Half-time report We’re witnessing some growth in this week’s final trading session. The Pan-European Stoxx 600 index was up by 0.6% at the close, with most sectors—other than oil and gas—showing positive movement, likely impacted by the intensifying conflict between Israel and Iran. Stock chart icon Stock chart icon This chart reflects the Stoxx 600 […]
GBP/USD Price Prediction: Challenges 1.3500, nine-day EMA limit before UK Retail Sales figures
GBP/USD might encounter initial resistance at the 9-day EMA of 1.3501. The 14-day relative strength index remains above 50, supporting the bullish trend. The primary support level is at the bottom of the ascending channel near 1.3410. The GBP/USD pair is moving up for the second session in a row, hovering around 1.3500 during Asian […]
Microsoft Aims to Reduce Staff in Sales Departments
Microsoft Plans Another Round of Layoffs Sources indicate that Microsoft is gearing up for another series of job cuts, targeting thousands of positions, particularly within the sales department. According to reports, the tech giant is expected to announce these layoffs in early July, coinciding with the close of its fiscal year. While the primary focus […]
May Sees Decline in Retail Sales, Yet Core Sales Surprised with Strength
US Retail Sales Decline in May Retail sales in the US dropped in May as consumers scaled back on car purchases, coupled with lower fuel prices leading to reduced costs at gas stations. Yet, when we take a closer look at the data, various core spending categories continue to show strength, illustrating the unusual dynamics […]
U.S. Dollar Strengthens Even with Poor Retail Sales Data: Insights for EUR/USD, GBP/USD, USD/CAD, USD/JPY
Recently, there have been discussions surrounding the volatility of financial markets, particularly with regard to cryptocurrencies and other high-risk financial products. Many experts agree that these instruments can be quite complex and, unfortunately, not everyone fully understands how they work. It’s essential to acknowledge that, while these investments can offer opportunities, they also carry significant […]
Retail sales drop in May due to trade conflicts
Retail sales in the U.S. dropped in May as the country continues to adjust its trade policies, impacting both consumers and businesses. According to the Commerce Department, retail and food service sales fell by 0.9% from April, totaling $715.4 billion in May. This drop was sharper than the anticipated 0.6% decline forecasted by economists. This […]
Australian Dollar rises as US Dollar weakens before Retail Sales report.
The Australian dollar is expected to recover some daily losses as fears surrounding Israeli-Iranian tensions ease. Iran has reached out to several countries, including Oman, Qatar, and Saudi Arabia, to encourage President Trump to push for an immediate ceasefire. Market participants are awaiting the US retail sales figures for May, which will be released on […]
EUR/USD rises as traders overlook Iran-Israel tensions before US Retail Sales
The EUR/USD is projected to reach 1.1572 as the market reacts to a recent missile strike on Israel. Market sentiment from the Fed is shifting towards a more dovish stance following disappointing manufacturing data from the US. Traders are listening closely to comments from ECB officials as they await the Fed’s policy decision on June […]
Herbal Medicine Company Sees 64,000% Surge Despite No Sales
Biotech Stocks Focused on Herbal Medicines Surge This year, biotech stocks that concentrate on herbal remedies have seen a staggering increase of over 46,000%. Yet, the companies themselves report no revenues and are not particularly profitable. A remarkable surge has propelled Regencell Bioscience Holdings Limited to a market valuation close to $30 billion as of […]