Category: Ahead
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Newsquawk Week Ahead: Highlights include US PCE, UoM, Global CPI’s, and NVDA earnings
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MondayUK Market Holiday (Bank Holiday), German Ifo Index (August) Tuesday: China central bank meeting minutes, China industrial profits (July), German GfK consumer confidence (September) Get married:Australian CPI (July), NVIDIA (NVDA) Earnings (Q2) ThursdaySpanish CPI (Aug), German Länder CPI (Aug), Eurozone Sentiment Survey (Aug), US GDP (2nd) and Personal Spending Index…
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BofA: The US dollar has rallied ahead of 10 of the past 13 elections
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Bank of America confirmed that the US Dollar Index (DXY) historically tends to rise from August until the US election day in November, indicating potential strength for the US dollar ahead of the upcoming elections. Key points: Seasonal trends: Since 1970, the US Dollar Index has shown strength in August,…
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Dollar edges lower ahead of Jackson Hole; euro, sterling higher By Investing.com
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The US dollar fell in early European trading on Friday, as the recovery from seven-month lows faltered ahead of Federal Reserve Chairman Jerome Powell’s much-anticipated speech at the Jackson Hole Symposium. At 04:30 ET (09:30 GMT), the dollar index, which tracks the greenback against a basket of six other currencies,…
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US FDA approves updated COVID shots ahead of fall and winter By Reuters
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Written by Maryam Sani and Manas Mishra (Reuters) – The U.S. Food and Drug Administration on Thursday approved updated COVID-19 vaccines from Pfizer Inc. Pfizer (New York Stock Exchange:) and accident (NASDAQ:) is targeting a new variant of the disease, just in time for a vaccination campaign in the fall.…
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Is a Gradual Rise Ahead?
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Bitcoin price remains stable above the $60,000 area. Bitcoin is now consolidating its gains, and bulls may target a move above the $62,000 resistance area. Bitcoin has started a consolidation phase above the $60,000 area. The price is trading above the $59,500 level and the 100-hour simple moving average. A…
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Is a Gradual Rise Ahead?
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Bitcoin price remains stable above the $60,000 area. Bitcoin is now consolidating its gains, and bulls may target a move above the $62,000 resistance area. Bitcoin has started a consolidation phase above the $60,000 area. The price is trading above the $59,500 level and the 100-hour simple moving average. A…
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Japanese rates could trail yen, stock market ahead of Ueda’s testimony By Investing.com
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Bank of Japan Governor Kazuo Ueda is scheduled to speak to parliament on Friday, facing the delicate task of informing policymakers of possible future monetary policy amid current market volatility. Japanese stock markets have been steadily rising recently, with the index hitting an all-time high, while the yen fell to…
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Japanese rates could trail yen, stock market ahead of Ueda’s testimony By Investing.com
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Bank of Japan Governor Kazuo Ueda is scheduled to speak to parliament on Friday, facing the delicate task of informing policymakers of possible future monetary policy amid current market volatility. Japanese stock markets have been steadily rising recently, with the index hitting an all-time high, while the yen fell to…
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Bitcoin Resistance: Here Are The Challenges Ahead For BTC
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Bitcoin is facing certain resistance levels on the chain that could threaten future gains. Here are the exact prices at which these levels are located. Short-term Bitcoin holders have a cost basis at these levels in the future. As CryptoQuant author Axel Adler Jr. explains in a new article, mail…
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US stock futures edge higher ahead of key payroll revisions, Fed minutes By Investing.com
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U.S. stock index futures were slightly higher on Wednesday, as investors were cautious ahead of initial revisions to U.S. jobs data and the release of minutes from the Federal Reserve’s latest policy meeting. At 06:20 ET (10:20 GMT), Apple Business Insider stock was up 32 points, or 0.1%, gaining 3…
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Dollar nears 7-month low ahead of Powell, Swedish crown falls after rate cut By Reuters
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By Ankur Banerjee and Stefano Ribaudo (Reuters) – The dollar hovered near a seven-month low on Tuesday amid bets the U.S. central bank will start cutting interest rates next month, with traders bracing for comments from Federal Reserve Chairman Jerome Powell on Friday. The dollar’s weakness has lifted the euro…
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Dollar nears 7-month low ahead of Powell, Swedish crown falls after rate cut By Reuters
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By Ankur Banerjee and Stefano Ribaudo (Reuters) – The dollar hovered near a seven-month low on Tuesday amid bets the U.S. central bank will start cutting interest rates next month, with traders bracing for comments from Federal Reserve Chairman Jerome Powell on Friday. The dollar’s weakness has lifted the euro…
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Wall St ends higher, extending rally ahead of Jackson Hole By Reuters
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By Steven Kolb NEW YORK (Reuters) – U.S. stocks rose on Monday, posting their biggest weekly percentage gain this year as investors focused on the Democratic National Convention and the upcoming Jackson Hole Economic Symposium. The tech-heavy Nasdaq led all three major U.S. stock indexes to a higher close, helped…
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US stocks edge higher; cautious trading ahead of Jackson Hole, Fed minutes By Investing.com
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U.S. stocks rose on Monday, steadying after last week’s strong gains, as investors awaited minutes from the Federal Reserve’s latest policy meeting, as well as the central bank’s Jackson Hole symposium, for clues on future monetary policy. By 09:35 ET (13:35 GMT), the index was up about 90 points, or…
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Yuan up as dollar wobbles ahead of Jackson Hole By Reuters
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SINGAPORE (Reuters) – China’s yuan was on track for its biggest gain in two weeks on Monday, benefiting from a broad sell-off in the dollar as investors bet on a U.S. interest rate cut, but it weakened against the strong yen. The Chinese currency rose to 7.1314 yuan per dollar…
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Newsquawk Week Ahead: Jackson Hole, Fed and ECB Minutes, Canada and Japan CPI, Flash PMI
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19th-23rd August 2024: Mon: US Democratic National Convention (Aug 19-22), Bank of Indonesia Announcement, New Zealand Trade Balance (Jul) Tue: US Democratic National Convention (Aug 19-22), PBoC LPR, RBA Minutes, Riksbank Announcement, CBRT Announcement, EZ Final CPI (Jul), Canadian CPI (Jul) Wed: US Democratic National Convention (Aug 19-22), FOMC Minutes,…
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Dogecoin Remains Firmly Ahead Of Shiba Inu In This Metric
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The cryptocurrency sector, led by Dogecoin and Shiba Inu, has seen a series of ups and downs over the past six months. These ups and downs have been highlighted by volatility, which is known as meme coins. Most of these cryptocurrencies have shown similar price movements; hence, their holders have…
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Dogecoin Remains Firmly Ahead Of Shiba Inu In This Metric
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The cryptocurrency sector, led by Dogecoin and Shiba Inu, has seen a series of ups and downs over the past six months. These ups and downs have been highlighted by volatility, which is known as meme coins. Most of these cryptocurrencies have shown similar price movements; hence, their holders have…
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FTM secures top gainer spot with 8% jump, but market signals caution ahead
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Fantom, a scalable blockchain platform for DeFi, surged 8% in value on the morning of August 16, making it the best performer in the cryptocurrency market. At the time of writing, Fantom (FTM) is still up 8%, trading at $0.393 per coin, according to crypto.news data. The crypto asset’s daily…