Online sports betting saw a huge spike in revenue in Q1. MGM Resorts International (NYSE:MGM) stock was surging on Monday, rising some 3% after the gambling stock released promising first quarter results within its BetMGM business. In its first quarter business update released on Monday, BetMGM reported a 34% year-over-year revenue increase in Q1. The
The latest projection is here: CTV projects Carney’s Liberals will form a minority government. This is less positive for the CAD if accurate. Sure enough …. CAD taking a hit: The USD is more broadly higher also, against EUR, AUD, Kiwi$, GBP This article was written by Eamonn Sheridan at www.forexlive.com. Source link
GBP/USD weakens to around 1.3425 in Tuesday’s early Asian session. Improved optimism over trade tension supports the US dollar and creates a headwind for the pair. Traders brace for the BoE’s Dave Ramsden speech later on Tuesday. The GBP/USD pair attracts some sellers to near 1.3425 during the early Asian trading hours on Tuesday, pressured
People’s Bank of China USD/CNY reference rate is due around 0115 GMT. The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate
EUR/USD softens to around 1.1415 in Tuesday’s early Asian session. Bessent said it’s up to China to de-escalate the trade war. Traders raise their bets on the ECB rate reductions. The EUR/USD pair edges lower to near 1.1415 during the early Asian session on Tuesday. The Euro (EUR) weakens against the US Dollar (USD) amid
Japan’s leading life insurers are planning to cut their holdings of Japanese government bonds (JGBs) by a combined 1.3 trillion yen ($9.1 billion) in fiscal 2025, marking a shift in strategy amid new capital regulations. According to their disclosed asset management plans, four of the top 10 insurers intend to reduce their JGB positions during
Singapore will on Tuesday release Q1 numbers for unemployment, highlighting a very light day for Asia-Pacific economic activity. In the three months prior, the jobless rate was 1.9 percent. Also, the markets in Japan are closed on Tuesday for Showa Day and will re-open on Wednesday. For comments and feedback contact: editorial@rttnews.com Economic News What
USD/CHF trades near the lower end of its daily range on Monday after a notable decline. Bearish signals dominate with downward pressure from key moving averages. Technical levels point to support near 0.8210 and resistance around 0.8315. During Monday’s session, USD/CHF was seen trading near the lower end of its daily range, moving around the
The USDJPY has broken below the 100-hour moving average and has now extended down to test the next key target — the 200-hour moving average, which comes in at 142.274. The low price just reached 142.267. It’s worth recalling that last Thursday, the price moved down toward the 200-hour MA but found willing buyers ahead
Zain Vawda Market Analyst Zain is an experienced financial markets analyst and educator with a rich tapestry of experience in the world of retail forex, economics, and market analysis. Initially starting out in a sales and business development role, his passion for economics and technical analysis propelled him towards a career as an analyst. He
European Central Bank (ECB) policymaker Olli Rehn said on Monday that underlying inflationary pressures in the Eurozone are easing, per Reuters. Key takeaways “Tariffs’ effects in euro area are two ways.” “I agree with markets that tariffs will slow down inflation, there are mostly downside risks to projections.” “We should not a priori rule out
When the economist and geopolitical strategist Brunello Rosa was finalising drafts of his book Smart Money last year, he noted presciently that critical events might unfold before its publication in paperback. The book, written with co-author Casey Larsen, envisages a new cold war unfolding between the US and China in which “digital de-dollarisation” plays a
Trading remains notably subdued across global financial markets today as investors adopt a cautious stance. On deck are quarterly earnings from four of the “Magnificent Seven”—Amazon, Apple, Meta Platforms, and Microsoft. On top of that, key releases including US and Eurozone GDP, US non-farm payrolls, and Eurozone CPI flash inflation data will provide critical insights
India’s industrial production growth accelerated slightly in March, data from the Ministry of Statistics and Programme Implementation showed Monday. Industrial production rose 3.0 percent year-over-year in March, faster than the revised 2.7 percent growth in February. The expected increase was 3.3 percent. The overall growth in March was mainly due to the developments in the
2025.04.28 2025.04.28 The Pound Goes with the Flow. Forecast as of 28.04.2025 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ When BoE officials openly discuss the impact of the U.S. dollar’s exchange rate on UK inflation, you can’t help but watch GBP/USD. Will the pair manage to restore its upward trend? Let’s discuss it and make a trading plan. The article
