NextEra to build 15 gigawatts of power for data centers by 2035
NextEra CEO John Ketchum acknowledged that the huge power demand from AI data centers is raising affordability concerns.
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Gold under pressure as US Dollar firms and Treasury yields rise
Gold (XAU/USD) kicks off the week on a quiet note, with traders reluctant to take fresh positions ahead of the Federal Reserve’s (Fed) interest rate decision on Wednesday. At the time of writing, XAU/USD is trading around $4,190, easing after rising to an intraday high of $4,219. -
USD/CHF climbs to one-week high as traders brace for Fed and SNB rate decisions
The Swiss Franc (CHF) trades on the back foot against the US Dollar (USD) on Monday as markets reposition ahead of this week’s key monetary policy decisions from the Federal Reserve (Fed) and the Swiss National Bank (SNB). -
Jewelry owners may want to check their homeowners insurance coverage as gold and other precious metal prices soar
The price of gold and other metals that are used to create jewelry have skyrocketed over the last year, which means your own collection may be under-insured. -
EUR/JPY Daily Outlook
Daily Pivots: (S1) 180.24; (P) 180.77; (R1) 181.14; More… Range trading continues in EUR/JPY and intraday bias stays neutral. Further rally is expected with 179.74 support intact. On the upside, break of 181.98 will resume larger up trend to 100% projection of 161.06 to 173.87 from 171.09 at 183.90 next. However, firm break of 178.80 […]
The post EUR/JPY Daily Outlook appeared first on ActionForex.
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EUR/GBP Daily Outlook
Daily Pivots: (S1) 0.8725; (P) 0.8734; (R1) 0.8743; More… Intraday bias in EUR/GBP is turned neutral with current recovery. But further decline is expected with 0.8800 resistance intact. Fall from 0.8863 should at least be a correction to the up trend from 0.8221, with risk of bearish reversal. Below 0.8270 will target 0.8631 cluster (38.2% […]
The post EUR/GBP Daily Outlook appeared first on ActionForex.
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EUR/AUD Daily Outlook
Daily Pivots: (S1) 1.7499; (P) 1.7565; (R1) 1.7599; More… Intraday bias in EUR/AUD remains on the downside at this point. Fall from 1.8160 is seen as the third leg of the pattern from 1.8554. Deeper decline should be seen to 100% projection of 1.8160 to 1.7561 from 1.7976 at 1.7377. Firm break there will pave […]
The post EUR/AUD Daily Outlook appeared first on ActionForex.
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Pound Sterling Price News and Forecast: GBP trades subduedly
The Pound Sterling (GBP) trades slightly lower against its major currency peers at the start of the week, hovering at around 1.3320 against the US Dollar (USD). -
McDonald’s will assess if franchisees are providing value under new standards
McDonald’s has leaned into value to appeal to cash-strapped diners who have been visiting its restaurants less frequently. -
What another Fed cut could mean for your personal borrowing costs
Many types of consumer loans are impacted when the Fed lowers its overnight lending rate, but it also depends on the product and duration.
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