Author: FX

© Reuters. FILE PHOTO: BTS perform during the 64th Annual Grammy Awards show in Las Vegas, Nevada, U.S. April 3, 2022. REUTERS/Mario Anzuoni/FILE PHOTO SEOUL (Reuters) -An estimated 400,000 people gathered in South Korea’s capital Seoul on Saturday as fans from around the globe commemorated the 10th anniversary of the debut of K-Pop boy band juggernaut BTS. The band is on temporary break as a group with two of its seven members currently doing mandatory military service, but that did not stop a host of celebratory events this week catering to a loyal fanbase known as “ARMY”. At the “BTS…

Michael M. Santiago/Getty Images News United Nations Secretary General Antonio Guterres blasted fossil fuel companies this week for their attempts to justify continued oil and gas production as “incompatible with human survival.” The energy industry’s aim to deal with the emissions causing global warming by capturing and storing them, rather than phasing out production, is undermining climate progress, Guterres told the Climate Change Conference in Bonn, Germany. “The problem is not simply fossil fuel emissions. It’s fossil fuels, period,” he said. “We are hurtling towards disaster, eyes wide open, with far too many willing to bet it all on wishful…

GOLD PRICE, CHARTS AND ANALYSIS:GOLD FORECAST: NEUTRAL Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter READ MORE: Gold Weekly Forecast: Gold (XAU/USD) Prices Delicately Poised Heading into Blockbuster WeekGold has been on a rollercoaster this week with whipsaw price action sending mixed signals. A week that promised a lot did deliver on the volatility front but failed to provide any clarity on the possible direction of Gold prices moving forward. At the time of writing Gold trades at $1962/oz, just a smidge higher than last weeks…

peterschreiber.media/iStock via Getty Images Biologic drugs, among the most expensive medications that are often used in treating cancer and rare diseases, will propel European pharmaceutical companies to achieve more in sales than their US counterparts. By 2028, three of the top five pharma companies in terms of sales will be Europe based, according to analytics and consulting firm GlobalData. They are Roche (OTCQX:RHHBY), Sanofi (SNY), and AstraZeneca (AZN). The other two are Merck (NYSE:MRK) and Johnson & Johnson (NYSE:JNJ). In 2028, Roche (OTCQX:RHHBF) and Sanofi (SNY), are projected to be, respectively, the No. 1 and No. 2 top drugmakers in…

© Reuters. Proof-of-work coins that had a fair distribution at their launch are the most likely to avoid being labeled as securities by the United States Securities and Exchange Commission (SEC), according to OG and educator Dan Held. Last week, the SEC sued Binance and Coinbase (NASDAQ:), accusing them of offering a number of altcoins as unregistered securities. As a result, many of the tokens mentioned in the lawsuit were delisted by major trading platforms, which tanked their prices.Continue Reading on Coin Telegraph Source link

onurdongel/E+ via Getty Images For the week ending June 16, the Industrial Select Sector (XLI) gained +2.98%. XLI was among the 10, out of the 11 S&P 500 sectors, which closed the week in green. YTD, XLI has risen +7.37%. Meanwhile, the SPDR S&P 500 Trust ETF (SPY) rose +2.22% (YTD +14.91%), helped by the Federal Reserve keeping its policy rate unchanged, which broke a streak of 10 straight rate hikes. The SP500 index has now been on a five-week winning streak. The top five gainers in the industrial sector (stocks with a market cap of over $2B) all gained…

As we turn the page into a new trading week for the GBPUSD, what are key levels in play and why?This week, the price of the GBPUSD GBP/USD The GBP/USD is the currency pair encompassing the United Kingdom’s currency, the British pound sterling (symbol £, code GBP), and the dollar of the United States of America (symbol $, code USD). The pair’s rate indicates how many US dollars are needed in order to purchase one British pound. For example, when the GBP/USD is trading at 1.5000, it means 1 pound is equivalent to 1.5 dollars. The GBP/USD is the fourth…

MON: US Juneteenth Market HolidayTUE: PBoC LPR Announcement, RBA Minutes, NBH Announcement, German PPI (May), US Building Permits (May)WED: BoC Minutes, BCB Announcement, CNB Announcement, UK Inflation (May), New Zealand Trade Balance (May)THU: BoE Announcement, SNB Announcement, Norges Bank Announcement, CBRT Announcement, Banxico Announcement, Bank of Indonesia AnnouncementFRI: Japanese CPI (May), UK Retail Sales (May), EZ/UK/US Flash PMIs (Jun)NOTE: Previews are listed in day-orderPBoC LPR (Tue): The PBoC is likely to cut its Loan Prime Rates next week with the 1-Year LPR, which most loans are based on, currently at 3.65% and the 5-Year Loan Prime Rate, the reference rate…

asbe Last week’s declining financial stocks reflected an acquisition by a large stock exchange operator and softer outlooks at two large regional banks. Meanwhile, the climbers were led by a fintech that received some favorable attention from a sell-side analyst and included three Argentine banks. Overall, financial stocks ended the week in the green, but underperformed the broader market. The Financial Select Sector SPDR ETF (NYSEARCA:XLF) rose 1.2% during the week, lagging the 2.6% gain for the S&P 500. Nasdaq (NASDAQ:NDAQ) dropped the most of financial stocks with market cap over $2B during the week ended June 16, falling 11%…

© Reuters. FILE PHOTO: Pentagon Papers whistleblower Daniel Ellsberg participates in a news conference held by the whistleblower group ExposeFacts.org at the National Press Club in Washington April 27, 2015. REUTERS/Jonathan Ernst By Bill Trott WASHINGTON (Reuters) -Daniel Ellsberg, the U.S. military analyst whose change of heart on the Vietnam War led him to leak the classified “Pentagon Papers,” revealing U.S. government deception about the war and setting off a major freedom-of-the-press battle, died on Friday at the age of 92, his family said in a statement. Ellsberg, who had been diagnosed with inoperable pancreatic cancer in February, died at…