Category: August
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3 Reasons You Must Hold Pepe Unchained (PEPU) and Mpeppe (MPEPE) In August
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The world of cryptocurrencies is full of opportunities, especially for those who know where to look. Recently, Pepe Unchained (PEPU) has been making waves in the crypto community, catching the attention of both veteran investors and newcomers alike. Besides PEPU, there is another token, Mbebe (Mbebe)PEPU is gaining popularity, with…
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Daily Broad Market Recap – August 19, 2024
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Market participants appear to have woken up on the right side of the bed this week, as the risk-on mood led to strong gains for stocks and high-yielding currencies on Monday. How did the rest of the asset classes perform? Let’s take a look at the latest headlines and market…
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Daily Broad Market Recap – August 19, 2024
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Market participants appear to have woken up on the right side of the bed this week, as the risk-on mood led to strong gains for stocks and high-yielding currencies on Monday. How did the rest of the asset classes perform? Let’s take a look at the latest headlines and market…
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Trade ideas thread – Monday, 19 August, insightful charts, technical analysis, ideas
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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Weekly Market Outlook (19-23 August)
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Upcoming Events: Monday: New Zealand Services PMI, Fed Waller, Bank of Canada Senior Loan Officer Survey. Tuesday: PBOC key interest rate, RBA minutes, Canadian CPI, Eurozone wage growth. WednesdayCanada Producer Price Index, FOMC Meeting Minutes. Thursday:Australia/Japan/Eurozone/UK/US preliminary PMIs, ECB minutes, US jobless claims, Jackson Hole symposium. Friday:New Zealand Retail Sales,…
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US August prelim UMich consumer sentiment 67.8 vs 66.9 expected
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The final score for July was 66.4. Current conditions 60.9 vs. 62.7 previously Expectations 72.1 vs. previous 68.8 Inflation over one year 2.9% vs. 2.9% in the previous year Inflation over 5-10 years 3.0% vs. 3.0% previously Overall, expectations for both personal finances and the economic outlook over the next…
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Soft August jobs report could sway fed to deliver supersized rate cut in September By Investing.com
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Expectations of a major interest rate cut in September had lost steam after recent economic data showed that recession fears were just hype about nothing, but with the labor market now in the driver’s seat of monetary policy, the August jobs report has the potential to revive bets on a…
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Stocks secure best week of the year, reversing early August sell-off
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Despite the recent rally in tech stocks, mega-cap names like Alphabet (GOOG, GOOGL), Amazon (AMZN), and Microsoft (MSFT) have seen their shares decline over the past month as investors question the viability of the AI space. Shares of Google parent Alphabet Inc. fell 14%, while Amazon shares fell about 8%.…
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Daily Broad Market Recap – August 15, 2024
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Dollar dominance was the name of the game after the US posted strong retail sales numbers. How did the rest of the currencies and asset classes perform? Let’s discuss the headlines: Headlines: Australia MI July inflation expectations rise to 4.5% from 4.3% The Australian economy added 58.2 thousand jobs in…
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Daily Broad Market Recap – August 14, 2024
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The Reserve Bank of New Zealand stole the show early today with a surprise interest rate cut, but data from the UK and US quickly drew attention to other market themes. How did your favorite assets trade on Wednesday? Let’s discuss the headlines: Headlines: The Reserve Bank of New Zealand…
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Australian jobs report due 15 August 2024, the unemployment rate will not be 10.1%
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The Australian labour market report is due at 11.30am Sydney time. 0130 GMT 2130 EST (Wednesday) The unemployment rate is expected to remain steady at 4.1%. Yesterday, a special study conducted by Roy Morgan published its unemployment report for July: The “real” unemployment rate rose to 10.1% (up 1.8 percentage…
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Daily Broad Market Recap – August 13, 2024
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Easing producer price pressures in the United States have fueled speculation of a Federal Reserve rate cut and encouraged risk-taking in markets. How did your favorite assets trade on Tuesday? Let’s take a look at the headlines that highlighted it: Headlines: Westpac: Consumer sentiment in Australia The index improved from…
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Daily Broad Market Recap – August 12, 2024
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Market price action was mixed at the start of the week, with some traders standing on the sidelines ahead of this week’s data releases while others factored in rising tensions in the Middle East. What assets are you watching closely that have seen increased volatility and price trends? We’re breaking…
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OPEC is set to release its latest, August, monthly report later today (Monday)
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OPEC is due to release its latest monthly report on Monday, August 12. OPEC’s monthly Oil Market Report addresses the key issues affecting the global oil market and provides an outlook on crude oil market developments for the coming year. The report provides a detailed analysis of key developments affecting…
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Weekly Market Outlook (12-16 August)
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Upcoming Events: Tuesday: Australian Wage Price Index, UK Labor Market Report, Eurozone ZEW Index, US NFIB Small Business Optimism Index, US Producer Price Index. Wednesday:Reserve Bank of New Zealand Policy Decision, UK CPI, US CPI. Thursday:Japan Q2 GDP, Australia Labor Market Report, China Industrial Production and Retail Sales, UK Q2…
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August electricity prices up 1.5pc a unit on higher fuel, forex costs
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New calculations show that consumers will pay about 1.5 percent more per unit of electricity used in August, due to higher fuel and foreign exchange costs. The Energy and Petroleum Regulatory Authority has revised electricity prices upwards in its latest monthly review, which will see average domestic customers pay an…
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The Keg Royalties Income Fund announces August 2024 cash distribution
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Article Content VANCOUVER, British Columbia, Aug. 9, 2024 (GLOBE NEWSWIRE) — Keg Revenue Income Fund (the “Fund”) (TSX: KEG.UN) today announced that an August 2024 distribution of $0.0946 per unit has been declared and is payable to unitholders of record as of August 21, 2024. The August 2024 distribution will…
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Global Market Weekly Recap: August 5 – 9, 2024
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Risk sentiment was one of the main driving forces behind price action for most of the week, although there were instances where some asset classes and major currencies deviated from the group. On the other hand, central bank events and high-profile economic updates highlighted divergences in interest rate expectations, spurring…
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Daily Broad Market Recap – August 8, 2024
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Markets have been pricing in recession fears, sending prices of several major assets higher on Thursday. What headlines helped boost market sentiment yesterday? We break them down for you: Headlines: RICS: Scale UK house prices rise It reached -19% in July, which is more negative than the -17% reading in…