Category: Higher
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Softer US auto sales highlight the pain from higher rates
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High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates more risk 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 or…
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Japan’s new PM supports higher corporate taxes, more defense spending
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Shigeru Ishiba, who became Japan’s new prime minister on Tuesday, is a former defense minister known for his deep knowledge of security policy. Ishiba’s push to bolster the military and call for the creation of an Asian NATO may anger Beijing, but he is cautious in his words regarding China.…
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USD moving higher as Powell taps the brakes on cuts
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The Fed chairman hit the brakes after saying that if all goes as planned, there will be two more cuts in 2024. Expectations for a 50 basis point cut fell to 36%. At one point last week, the forecast was around 60%. USDJPY: USDJPY rose to test and move above…
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USD/JPY higher to open the week – update after weekend news and Monday data
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High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates more risk 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 or…
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Israel stocks higher at close of trade; TA 35 up 1.02% By Investing.com
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Investing.com – Israeli stocks rose after the close on Sunday, as gains in the stock sector pushed shares higher. At the end of trading in Tel Aviv, it rose by 1.02%, reaching a new all-time high. The best performers of the day were Energean Oil & Gas PLC (TASE:), which…
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S&P, Dow open higher after fresh inflation, consumer spending data By Investing.com
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Investing.com – U.S. stocks opened mostly higher on Friday after a batch of new economic data showed that the Federal Reserve’s preferred measure of inflation had slowed near its 2% target and that consumer spending growth was broadly flat. By 09:39 ET (13:39 GMT), the index had added 8 points,…
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Wall St closes higher on strong US economic data By Reuters
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Written by Echo Wang (Reuters) – Wall Street’s major indexes closed higher on Thursday, hitting a record high, as a rise in Micron Technology (NASDAQ:) shares and a strong U.S. jobless claims report eased concerns about the labor market. Shares of Micron Technology rose after the memory chip maker forecast…
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CarMax beats second-quarter revenue estimates on higher unit sales By Reuters
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By Ananta Agarwal (Reuters) – Used car retailer CarMax Inc beat Wall Street estimates for second-quarter revenue on Thursday as price cuts on used vehicles boosted unit sales, especially in the retail segment, sending its shares up 6.4 percent in afternoon trading. Used car dealerships have had a rocky ride,…
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Asia FX ticks higher, yuan hits 16-mth high on China stimulus cheer By Investing.com
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Most Asian currencies rose slightly on Wednesday as the dollar was hurt by continued bets on interest rate cuts, while China’s yuan hit a 16-month high on optimism about more stimulus measures. The Australian and New Zealand dollars made strong gains thanks to their exposure to China, while the Japanese…
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Bitcoin Price Targets Higher Levels: Can the Momentum Hold?
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This article is also available in Spanish. Bitcoin price is rising again above the $63,800 resistance level. Bitcoin may gain momentum if it surpasses the $64,750 resistance area and then $65,000. Bitcoin is targeting further gains above the $64,800 area. The price is trading above $63,650 and the 100-hour simple…
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3 reasons there are still higher prices to come for Gold – UBS target US$2700
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Gold hit an all-time high on Monday, and UBS is looking for more upside ahead. 1. The Fed’s recent 50 basis point rate cut has boosted enthusiasm for gold by lowering the opportunity cost of holding non-yielding assets. This is expected to be the start of a broader easing cycle,…
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Canada stocks higher at close of trade; S&P/TSX Composite up 0.11% By Investing.com
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Investing.com – Canadian stocks were higher after the close on Monday, as gains in the banking and services sectors led shares higher. The US stock index rose 0.11% at the close in Toronto, reaching an all-time record high. The best performers in the session were: Safe Energy Services Company .…
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Taiwan stocks higher at close of trade; Taiwan Weighted up 1.68% By Investing.com
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Investing.com – Taiwan stocks were higher after the close on Monday, as gains in the industrials and services sectors led shares higher. At the end of trading in Taiwan, the index rose by 1.68%. The session’s top performer was Arima Communications Corp (TW:), which rose 350.24% or 7.39 points to…
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Israel stocks higher at close of trade; TA 35 up 0.78% By Investing.com
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Investing.com – Israeli stocks were higher after the close on Sunday, as gains in the banking and financial services sectors led shares higher. At the close in Tel Aviv, the index rose by 0.78%. The best performers in the session were: Azrael Group Ltd. (TASE:), which rose 3.42% or 800.00…
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Saudi Arabia stocks higher at close of trade; Tadawul All Share up 0.41% By Investing.com
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Investing.com – Saudi Arabia stocks were higher after Sunday’s close, as gains in the banking and finance sectors led shares higher. At the close in Saudi Arabia, the general market index rose by 0.41%. The session’s top performer was Red Sea Housing Services Co. (TADAWUL:), which rose 9.88% or 5.60…
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Solana Jumps 10% As Fed Eases Rates, Analysts Eye Even Higher Gains
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This article is also available in Spanish. The fifth-largest cryptocurrency by market cap, Solana (SOL), has been back in the spotlight since it recently saw a massive price surge. The token surged by over 10% amid the Fed’s interest rate cuts, catching investors’ attention once again and sparking all the…
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Poland stocks higher at close of trade; WIG30 up 0.11% By Investing.com
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Investing.com – Polish stocks were higher after the close on Thursday, as gains in the industrials and services sectors led shares higher. At the close of trading in Warsaw, the index was up 0.11%. The best performers in the session were: Dino Polska SA (WA:), which rose 6.34% or 19.80…
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Japan stocks higher at close of trade; Nikkei 225 up 0.37% By Investing.com
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Investing.com – Japanese stocks were higher after the close on Wednesday, as gains in the banking and services sectors led shares higher. At the end of trading in Tokyo, the index rose by 0.37%. The best performers in the session were: M3 Company (TYO:), which rose 5.30% or 71.50 points…
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US interest rate futures see higher odds of super-sized Fed move
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By Gertrude Chavez Dreyfus NEW YORK (Reuters) – Futures contracts for the federal funds rate, which measures the cost of unsecured overnight loans between banks, priced in a 60 percent chance that the U.S. Federal Reserve will cut interest rates by 50 basis points on Wednesday, London Stock Exchange calculations…
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Oil squeezes higher as specs bet heavy against crude
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Oil daily We have seen this pattern several times recently: positioning data released late Friday shows a very negative situation in oil, and on Monday there will be bullish pressure. But unfortunately, the gains didn’t last, at least not recently. There are already signs of that with WTI crude rising…