Category: Markets
-
Asia FX muted as dollar weakens; euro steady as leftists lead French elections By Investing.com
•
Most Asian currencies were little moved on Monday, with the dollar suffering sharp losses amid growing expectations of interest rate cuts, while the Japanese yen held firm on data showing a recovery in average wages. Elsewhere, European stocks steadied after French election results showed a left-wing coalition won the most…
-
Week Ahead in FX (July 1 – 5): U.S. Inflation Updates, RBNZ’s Decision, And U.K.’s GDP On Tap
•
Markets are heading into a relatively quiet trading week with only a few major events expected on the agenda. But that doesn’t mean major assets won’t see increased volatility! Uncle Sam dropped June inflation figures which could impact Fed rate cut talks. The Reserve Bank of New Zealand will also…
-
UK Chancellor Reeves speaks Monday: Focus on making economic growth a “national mission”
•
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…
-
Asia shares firm, euro dogged by French election deadlock By Reuters
•
By Wayne Cole SYDNEY (Reuters) – Asian shares rose on Monday as investors grew more confident about a U.S. interest rate cut in September, while the euro faced political uncertainty after French elections signaled a hung parliament. In France, a left-wing coalition unexpectedly took first place, ahead of the far…
-
RBNZ Monetary Policy Review due Wednesday – “not expecting a whole lot”
•
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…
-
US stock futures edge lower with Powell testimony, CPI data on tap By Investing.com
•
U.S. stock index futures were slightly lower in overnight trading on Sunday as investors looked ahead to Federal Reserve Chairman Jerome Powell’s testimony and key inflation data for more cues on interest rates this week. Futures were steady after Wall Street surged to record highs on Friday as weaker-than-expected data…
-
Reserve Bank of New Zealand policy meeting this week – preview (on hold widely expected)
•
The Reserve Bank of New Zealand will announce its decision at 2pm NZ time on Wednesday 10 July, which is 0200 GMT on the 10th and 2200 EST on the 9th. Brief comments via Westpac on what to expect: We do not expect any change to the policy rate –…
-
Special committee of Paramount Global endorses plan to merge with Skydance Media, source says By Reuters
•
By Don Chmielewski Businessman David Ellison is one step closer to taking control of Paramount Global after a special committee voted on Sunday to back a merger with his company Skydance Media, a source close to the deal told Reuters. The proposed deal is likely to be approved by Paramount’s…
-
ICYMI: Swiss National Bank Chair Jordan ready “to intervene in FX market” if necessary
•
Swiss National Bank President Thomas Jordan spoke in an interview published by Le Temps newspaper on Friday. It was Adam who made the headlines. In case you missed it, Jordan had specific comments regarding the Swiss franc: The Swiss franc can be significantly affected by political uncertainty both within Europe…
-
Trade ideas thread – Monday, 8 July, insightful charts, technical analysis, ideas
•
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…
-
Premium Forex Watch Recaps: July 1 – 2, 2024
•
There were plenty of catalysts to consider this week, and our forex strategists will be focusing on the Eurozone CPI and the UK General Election to determine asset selection and biases this week. Of the four scenario/price outlook discussions this week, Two discussions witnessed the raising of fundamental and technical…
-
Two risks to the AI tech rally By Investing.com
•
Yardeni Research analysts have raised concerns about the continued rise of AI technology, identifying two key risks that could hamper the sector’s massive growth. While AI promises to revolutionize industries, there are signs of “AI hyperinflation” that warrant caution. First, the unprecedented influx of money into AI startups is a…
-
Nvidia gets a rare downgrade By Investing.com
•
Here’s a professional summary of the most important things Wall Street analysts have said over the past week, including a rare downgrade of Nvidia (NASDAQ:) stock. InvestingPro subscribers always get priority when it comes to market-moving rating changes. Intercontinental Exchange (NYSE:) What happened? On Monday, Goldman Sachs upgraded Intercontinental Exchange…
-
Nvidia downgraded on ‘limited further upside’ By Investing.com
•
Investing.com – Here are analysts’ biggest moves in artificial intelligence (AI) this week. InvestingPro subscribers always get priority access to market-moving AI analyst commentary. Upgrade today! Nvidia (NASDAQ:) stock has been downgraded by New Street Research. Analysts at New Street Research downgraded Nvidia stock to neutral from buy on Friday.…
-
Newsquawk Week Ahead: US CPI, Powell testimony and US earnings
•
Sun: French Election (second round) Mon: CNB Minutes (June), Eurogroup Informal meeting of Competitiveness Ministers; Japanese Overtime Pay (May),German Trade Data (May), EZ Sentix Index (July), BoI Announcement, US Employment Trends Tue: BoJ Bond Meeting 9-10, EIA STEO; Australian Consumer Sentiment, Hungarian CPI (June), Mexican 12-monthInflation (June), Powell Testimony (Senate)…
-
Revolut CEO to sell part of stake in $500 million share sale, Sky News reports By Reuters
•
(Reuters) – Nikolai Storonsky, chief executive of British fintech firm Revolut, will sell part of his multibillion-dollar stake in the company as part of a $500 million share sale, Sky News reported on Sunday. The Financial Times reported last month that the digital finance app is working with bankers to…
-
Weekly Market Outlook (08-12 July)
•
Upcoming Events: Monday:Japan wage data. Tuesday:National Federation of Businesses Small Business Optimism Index, Fed Chair Powell’s testimony. WednesdayJapan PPI, China CPI, RBNZ Monetary Policy Decision, Fed Chair Powell Testimony. ThursdayUK GDP, US CPI, US unemployment claims. Friday:New Zealand Manufacturing PMI, US Producer Price Index, University of Michigan Consumer Confidence Index…
-
Here are some of the major themes to watch out for in Q3, according to UBS By Investing.com
•
Investing.com – The first half of 2024 will be marked by an AI-driven stock market rally, volatile bond yields and political uncertainty, according to analysts at UBS. So what does the third quarter hold for investors? In a July 1 note to clients, analysts outlined several key themes they will…
-
Why this is the most misunderstood bull market By Investing.com
•
In a recent note, strategists at Alpine Macro said analysts have underestimated this bull market at every turn. Despite widespread skepticism, the global investment firm believes stocks are poised to continue to outperform expectations, driven by expanding earnings growth and a resilient economy. At midyear, the stock is trading above…
-
Biden is struggling to convince donors and voters By Investing.com
•
President Joe Biden faced a growing crisis of confidence among his allies, donors and party members, after a debate performance that raised questions about his fitness for office and ability to lead. The president’s admission of deteriorating physical and rhetorical condition was not enough to allay concerns, as strategic missteps…