Category: Markets
-
Daily Broad Market Recap – August 14, 2024
•
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…
-
Walmart offered six endorsements on the health of the US and global consumer
•
The combination of the July U.S. retail sales report and comments from Walmart executives is a powerful statement about the health of the American and global consumer. It has better data than any U.S. statistical agency, and it is often forthright about what it sees. Here are some quotes from…
-
Texas adds UK lender NatWest to energy ‘boycott’ list over financing restrictions By Reuters
•
By Ross Kerber The Texas state comptroller said Wednesday that the state has added British bank NatWest to a list of companies that “boycott” energy companies, which could restrict the bank’s business with public entities. NatWest was added to the list because of its restrictions on energy financing, Texas Comptroller…
-
Dollar edges higher ahead of retail sales; sterling gains on GDP growth By Investing.com
•
The US dollar rose slightly on Thursday, but remained close to seven-month lows after benign inflation data, while sterling rose after strong growth data. At 05:45 ET (09:45 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was up 0.1% at 102.452, just above…
-
Chart Art: Fresh Triangle Pattern on Gold (XAU/USD)
•
Check out this new consolidation pattern on the 4-hour time frame for gold! Can the sideways price action continue or are we about to see a breakout soon? Here are the upcoming turning points I’m watching closely: Gold (XAU/USD) 4 hours Chart by TradingView The precious metal has been making…
-
Whole Foods Market’s CEO grocery shops at least 14 times a week, even on vacation: ‘I’m probably very abnormal’
•
Between running billion-dollar companies and managing hundreds of employees, most CEOs don’t have time to go grocery shopping. But Whole Foods Market CEO Jason Buechel chooses to shop 14 times a week. “I go to the grocery store at least twice a day, every day,” Buechl said in a recent…
-
US futures turn flat as we look to North America trading
•
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…
-
Google brings AI answers in Search to new countries By Reuters
•
By Kenrick Kay SAN FRANCISCO — Alphabet Inc. (NASDAQ:GOOGL) said Thursday it is expanding its artificial intelligence-generated summaries of search queries to six new countries, just two months after rolling back some capabilities following a troubled launch. The search giant made its AI Overviews feature — which is displayed at…
-
Pound ticks up after British GDP data, euro holds above $1.10 By Reuters
•
Written by Ankur Banerjee SINGAPORE (Reuters) – Sterling edged up on Thursday after strong British GDP data, while the euro held above $1.10, close to a more than seven-month high hit the previous day, supported by data showing slowing U.S. inflation that boosted expectations for a Federal Reserve interest rate…
-
Chart Art: CHF/JPY Long-Term Trend Confluence
•
Don’t look now, but the CHF/JPY currency pair is right on a major area of interest on its daily time frame. As you can see on the long-term chart below, the pair is testing a Fibonacci level, an uptrend line, and a previous resistance area. Better keep your eye on…
-
RBNZ expected to cut cash rate by at least another 50 bps before year-end – poll
•
23 out of 25 economists expect interest rates to be cut by 25 basis points next October Of the remaining two banks, one expects a 50 basis point rate cut and the other expects no change. 23 out of 25 economists expect the Reserve Bank of New Zealand to cut…
-
Telstra hits 6-month high on upbeat 2025 forecast By Reuters
•
By John Pigou and Ayushmann Ojha (Reuters) – Australian telecoms major Telstra (OTC:) raised its earnings forecast for the 2025 financial year on Thursday, prompting investors to shrug off a 13% drop in annual profit and sending its shares to a six-month high. Telstra has raised the lower end of…
-
Asia FX muted, dollar near 7-mth low after soft CPI data By Investing.com
•
Most Asian currencies remained in a tight range on Thursday after posting strong gains overnight after weaker-than-expected U.S. consumer inflation data put the dollar near a seven-month low. Positive economic readings from Japan, Australia and to some extent China also boosted sentiment towards regional markets. The dollar index hovered around…
-
UBS says doesn’t see reason for 50bp Federal Open Market Committee (FOMC) rate cut in Sept
•
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 tick higher after softer-than-expected CPI data By Investing.com
•
U.S. stock index futures were slightly higher in overnight trade on Wednesday, extending a positive session on Wall Street after data showed consumer inflation slowed slightly in July, boosting expectations for interest rate cuts. Wall Street indexes rose to their highest levels in two weeks after weaker-than-expected inflation readings on…
-
US stock futures tick higher after softer-than-expected CPI data By Investing.com
•
U.S. stock index futures were slightly higher in overnight trade on Wednesday, extending a positive session on Wall Street after data showed consumer inflation slowed slightly in July, boosting expectations for interest rate cuts. Wall Street indexes rose to their highest levels in two weeks after weaker-than-expected inflation readings on…
-
It’s the MLF day in China – No rate cut expected from the People’s Bank of China
•
The People’s Bank of China sets the medium-term lending facility rate on the 15th of each month. The rate is currently 2.3%, after the People’s Bank of China made a surprise interest rate cut on the 25th of last month! There is a widespread expectation that there will be no…
-
Boeing criminal plea deal should be accepted, US DOJ says By Reuters
•
By David Shepardson and Jasper Ward The U.S. Justice Department said on Wednesday that Boeing Co.’s plea deal on a criminal charge related to software linked to two fatal crashes of its 737 Max jets should be accepted, after some relatives of the 346 people killed in the crashes argued…
-
TA of the Day: GBP/USD Bullish Signs Emerge! Is a Trend Reversal Underway?
•
the US Dollar The Australian dollar fell against major currencies today as signs of easing inflation emerged, further supporting the possibility of a Federal Reserve interest rate cut in September. The U.S. consumer price index, a key measure of inflation, rose 2.9% annually, just 0.1% below June’s rate. This was…