After the social networking behemoth announced earnings that exceeded expectations, Meta’s stock is having a field day on Thursday, rising roughly 14%. The movement was sufficient to push the shares to 52-week highs, and they are now on the verge of a significant turning point. Following strong quarterly results from …

This year, it’s anticipated that the cost of energy, food, and metals will continue to decline. According to a new World Bank research, prices are projected to continue to fall in 2023, but consumers won’t likely experience much respite because commodity costs are still higher than they were before the …

US growth data comes in below expectations. US Dolla rises across the board boosted by US yields.AUD/USD up marginally, off highs after losing ground for four days in a row.The AUD/USD is rising marginally on Thursday after it trimmed gains on the back of US economic data. The pair peaked …

Pending Home Sales in the US fell sharply in March. US Dollar Index holds in positive territory above 101.50.Pending Home Sales in the US declined by 5.2% on a monthly basis in March, the data published by the National Association of Realtors showed on Thursday. This reading followed February’s no-change …

The ANZ Business Outlook survey is due during the Asian session in New Zealand, and it will be followed by Australia’s Import and Export Price Index. Prior to central bank meetings, markets are awaiting crucial economic data from the US and Eurozone. On Thursday, Wall Street declined once more due …

Oil ignored the official reports issued regarding a sharp decline in US inventories of oil and oil products, to continue the decline for the second consecutive session on Wednesday. Crude bulls focused on the sharp rise in recession fears besieging the US economy in the recent period, as the US …

The Summary of Deliberations from the April 12 meeting of the Bank of Canada, at which the interest rate was left steady, revealed that they debated raising rates. According to the projections of the BoC Governing Council, the document notes that inflation was dropping. Officials concurred that expecting rate reductions …

On Wednesday, Bitcoin was soaring by more than 5% at one point. If the apex crypto can regain the $30,000 level, alt-coins may gather the strength to break through their own resistance marks. At the time of writing, the most famous cryptocurrency is up +5.4% trading at $29,723.During the 24-hour …

Gold is trading at $1987.05 per ounce at the time of writing. Wednesday’s US session is choppy for gold price, which is still moving sideways. Despite positive US data, the US dollar declines during the American session. In advance of the FOMC meeting next week, US Treasury rates hit new …

The performance of the General Motors stock, on Wednesday, shows investors are completely confused about cars. General Motors–2.19% reported a bigger profit than expected and raised its full-year financial forecasts amid a recovery in overall US auto sales. But the stock tanked, making it even clearer than it already was …