Category: business

By Antonio Di Giacomo, Senior Market Analyst at XS.com Meta Platforms saw its shares fall by nearly 1.2% after news emerged of a significant shift in its artificial intelligence strategy: the development of a new closed and monetizable model called Avocado, expected to debut in the spring. The announcement also…

By Ahmad Assiri, Research Strategist at Pepperstone The Fed delivered a rate cut as expected, effectively keeping policy on the same broadly priced trajectory without introducing any substantive shift. The post-meeting statement emphasised that the risks around the Fed’s dual mandate remain balanced. Inflation is still somewhat elevated and may…

By Linh Tran, Market Analyst at XS.com EURUSD surged strongly in yesterday’s trading session and is currently holding around the 1.1700 region as the market continues to adjust expectations regarding monetary policy from both the U.S. and the eurozone. The current upward trend reflects a combination of a weakening USD…

By Frank Walbaum, Market Analyst at Naga European equities slipped on Wednesday, with investors bracing for a potentially pivotal Federal Reserve meeting later in the day. The DAX retreated after four consecutive gains. Traders could opt to lock in profits and reduce exposure ahead of what could be a market-defining…

By Wael Makarem, Financial Markets Strategists Lead at Exness Oil prices stabilized to a certain extent after two sessions in the red. The American Petroleum Institute (API) reported a massive draw in crude oil inventories of 4.8 million barrels, significantly larger than the forecast of a 1.7 million barrel draw,…

By Konstantinos Chrysikos,Head of Customer Relationship Management at Kudotrade The dollar edged lower on Wednesday, erasing Tuesday’s gains, and remained confined to a consolidation range as investors awaited the Federal Reserve’s policy decision and updated economic projections. Markets widely expect a rate cut today, alongside projections pointing to two additional…

Amsterdam, Dec 10: Standards to illuminate how organizations respond to disclosure expectations on crucial labor rights issues across the value chain are being updated, with a global consultation now underway. Launched on International Human Rights Day, this public comment period will conclude GRI’s review of all labor-related disclosures and is…