Ipsos (IPS.PA), a global market research firm, reported a revenue increase of 4.8% in the first quarter of 2024, amounting to €558 million. This growth is attributed to a combination of organic expansion and acquisitions. Despite a downturn in the US market, the company achieved significant organic growth in its EMEA (Europe, Middle East, and Africa) and Asia Pacific regions. Ipsos also announced its upcoming Investor Day and reaffirmed its commitment to achieving its financial targets for the year. Key Takeaways Ipsos’ revenue grew by 4.8% in Q1 2024, reaching €558 million. The company e ..read more

Gold remains lifted by geopolitical risks amid sharp rise in US Treasury yields. Federal Reserve officials emphasize ongoing inflation concerns, hinting at maintaining higher interest rates for longer. Strong US labor market data reinforces robust economic backdrop. Gold prices advanced late in the North American session on Thursday, underpinned by heightened geopolitical risks involving Iran and Israel. Federal Reserve (Fed) officials delivered hawkish messages, triggering a jump in US Treasury yields, which boosted the Greenback. XAU/USD trades at $2,384, with gains of more than 1%, afte ..read more

On April 18, Bitcoin (BTC) futures contracts exhibited significant demand for short (sell) positions, sparking speculations of further bearish momentum. This trend was influenced by the lack of inflows into spot Bitcoin exchange-traded funds (ETFs) and the expectations of rising interest rates in the U.S., all contributing to a negative market sentiment. Bitcoin funding rate flips bearish after 6 months Retail traders often favor perpetual futures, a type of derivative that closely mirrors the price movements of regular spot markets. To maintain balanced risk exposure, exchanges implement a ..read more

Investing.com– U.S. stocks gave up gains Thursday, as investors weighed up rising treasury yields on easing hopes for rate cuts and quarterly earnings ahead of results from streaming giant Netflix.  At 15:06 ET (17:53 GMT), rose 21 points, or 0.1%, but had up around 330 points intraday.  The fell 0.2%, while fell 0.4%. Treasury yields continue to melt-up on hawkish fed speak, stronger economic data Treasury yields continued to trend higher rate-cut expectations continued to take knock following remarks from Fed speakers calling for patient on cuts, while others flagged the p ..read more

CHARLOTTE, N.C. – Ally Financial Inc. (NYSE: NYSE:) announced today that it exceeded analyst expectations for its first quarter of 2024, with adjusted earnings per share (EPS) and revenue surpassing consensus estimates. The company reported an adjusted EPS of $0.45, which was $0.11 higher than the analyst estimate of $0.34. Revenue for the quarter was also ahead of expectations, coming in at $1.99 billion against the consensus estimate of $1.96 billion. The positive earnings and revenue beat drove Ally Financial’s shares up by 1.2% as investors responded favorably to the company’s financia ..read more

(Reuters) -Nashville-based independent music company Concord has agreed to buy British song investor Hipgnosis Songs Fund for $1.40 billion, the companies said on Thursday, gaining rights to the catalogues of artists including Shakira and Neil Young. Hipgnosis Songs Fund launched a strategic review last year after a shareholder revolt in October led to a board overhaul. Its investors will get $1.16 per share in cash, representing a premium of about 32% to Wednesday’s closing price, based on current exchange rates. Hipgnosis shares, which have fallen more than 45% from their 2021 peak, rose 3 ..read more

(Reuters) – Walmart-backed digital marketing company Ibotta will likely raise $577.3 million at a valuation of $2.67 billion, after pricing its initial public offering on Wednesday. It plans to sell 6.6 million shares of its class A common stock at $88 apiece, exceeding its earlier price range of $76-$84 apiece, Ibotta added. Increased buzz around artificial intelligence and hopes of a rebound in the U.S. IPO market from a two-year slump, buoyed by a possible soft landing for the economy have encouraged more tech companies to test the IPO waters. Ibotta, founded in 2011, provides a platform ..read more

The RSI on the daily chart lies deep in negative terrain but recovered. The hourly RSI paints a growing buying momentum, trending the positive territory. The MACD on both charts signals a less intense selling momentum. The NZD/USD stands recovered to 0.5919, it seeing 0.60% gains. The dominant sentiment remains bearish, subtly dominated by sellers due to the consistent positioning beneath key Simple Moving Averages (SMAs). However, indicators on the daily and hourly charts seem to be recovering. On the daily chart, the Relative Strength Index (RSI) demonstrates a negative sentiment as ..read more

United States Senator Elizabeth Warren has sent a letter to Treasury Secretary Janet Yellen commenting on Deputy Treasury Secretary Wally Adeyemo’s testimony before the Senate Banking Committee on April 9. She pursued the same line of thought as she did during the hearing — Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT). Warren expressed her support in the letter for the legislative adoption of more comprehensive AML/CFT measures for stablecoins. Adeyemo appeared at the Senate hearing to discuss Treasury proposals for expanding its sanctions powers to blockchain val ..read more

[ForexOnFire.com] Forex trading can be challenging! Learn new forex day trading tips with this 7-minute forexonfire example from USD/JPY and RSI, featured at … source The post Forex Trading System Tips: USD/JPY and RSI first appeared on Forex Trader Hub ..read more