Article Category: finance

What happens when a cybersecurity giant makes a $25 billion bet on the future of identity security just days before reporting earnings? That’s the question surrounding Palo Alto Networks (PANW) as investors brace for its fiscal Q4 results on Monday. On one hand, Wall Street is watching for steady revenue growth and strong execution in...

US equities extended their winning streak on Wednesday, with the Dow Jones Industrial Average (^DJI) jumping 450+ points (+1%) and the S&P 500 (^GSPC) and Nasdaq Composite (^IXIC) each posting back-to-back record closes. The rally was fueled by growing conviction in a September Fed rate cut, following softer-than-expected inflation data earlier this week. Inflation Data...

The USD/CHF pair experienced a sharp decline on Friday, tumbling nearly 1% to 0.8000 following Federal Reserve (Fed) Chair Jerome Powell’s keynote address at the Jackson Hole Economic Symposium. The Swiss Franc (CHF) surged against the US Dollar (USD), reversing earlier gains that had briefly pushed USD/CHF to 0.8104, a two-week high, before retreating to...

The EUR/JPY currency pair strengthened to around 172.40 in Monday’s early European session, gaining 0.14% on the day as market sentiment improved. The cross maintains a constructive technical outlook, supported by the 100-day Exponential Moving Average (EMA), with the Relative Strength Index (RSI) confirming continued upside momentum.  Traders are closely watching the immediate resistance near...

Gold (XAU/USD) extended its decline for the second straight day on Friday, pressured by a stronger US Dollar (USD) and reduced Federal Reserve (Fed) rate cut bets. The yellow metal, often viewed as a safe-haven asset, has failed to attract fresh buying interest despite a generally cautious market mood.  Instead, investors appear reluctant to make...

The AUD/JPY currency pair showed modest gains during the early European session on Friday, trading near 95.45, marking a daily increase of 0.24%.  The pair’s continued resilience above the 100-day Exponential Moving Average (EMA) signals a positive technical outlook, although traders should remain cautious of potential short-term consolidation. ProDivia Group broker Jason Brown offers valuable...

The EUR/USD currency pair dropped 0.40% during the North American session on Wednesday, reflecting strong US economic data that bolstered the Greenback. The pair traded at 1.1604, having reached a daily high of 1.1662, as investors digested S&P Global’s Purchasing Managers Index (PMI) surveys and the latest labor market figures from the United States.  The...

Gold (XAU/USD) staged a notable rebound on Monday, climbing over $30 from a two-week low observed earlier during the Asian session around the $3,324–3,323 region. The recovery underscores a growing interplay between US bond yields, Federal Reserve (Fed) policy expectations, and geopolitical developments, which continue to shape the dynamics of the safe-haven bullion. In this...

The GBP/JPY currency pair regained positive momentum at the start of a new trading week, climbing back closer to the 200.00 psychological mark during the Asian session. Spot prices remain near the over one-year high reached last week, reflecting a combination of supporting factors that continue to favor the British Pound (GBP) over the Japanese...

The USD/CAD currency pair depreciated to around 1.3800 during Asian trading hours on Monday, erasing gains recorded over the previous two sessions. Market participants attribute the USD weakness to a prevailing dovish tone surrounding the US Federal Reserve’s (Fed) policy outlook, as traders increasingly anticipate a potential rate cut in September.  Amara Johns, a broker...