Category: week
-
Oil had a rough finish to the week: Closes at the lowest since June 14
•
Crude oil WTI daily The oil market has been in a tough spot. The macroeconomic situation is deteriorating, hopes for Chinese stimulus are fading, and all the data from Russia and OPEC are pointing to a surprise drop in exports. This has led to a real push and pull in…
-
Stock Market News Today: Markets post worst week since mid-April (SP500)
•
Wall Street on Friday posted its worst week since mid-April, as the exodus from technology stocks continued over the past few days, sparked by Thursday’s consumer inflation report. The technology-heavy Nasdaq Composite Index (Compound: Indian) I recorded the first three days A losing streak since June 24, Decrease by 0.81%…
-
Crude oil rises as U.S. inventories fell for third straight week (NYSEARCA:USO)
•
SlavkoSereda/iStock via Getty Images Crude oil futures rose on Wednesday, snapping a three-session losing streak, after the United States reported a much larger-than-expected draw in crude inventories last week, marking a third straight decline. the Crude inventories fell by 4.9 million barrels. It was accompanied by Gasoline and diesel stocks…
-
Canadian CPI cements a Bank of Canada rate cut next week – CIBC
•
The Bank of Canada is scheduled to meet on July 24, and economists are increasingly confident that interest rates will be cut. This is also reflected in interest rate derivatives, which now show a 93% chance of a rate cut. The consumer price index slowed to 2.7% from 2.9%, with…
-
A light one on the agenda in Europe to start the week
•
In case you missed the big news over the weekend in the US: I love him and I hate him. It is not reasonable to want another person dead. Trump got a little cut on his ear because of his bad luck, but we could have had a different headline…
-
Top cryptocurrencies to watch this week
•
The cryptocurrency market saw a slight recovery last week. Although Bitcoin (BTC) suffered initial setbacks at the beginning of the week, it eventually regained some of the lost ground, giving strength to the rest of the market. Some altcoins made impressive and even stronger recoveries. This led to the global…
-
Newsquawk Week Ahead: US & UK Retail Sales, Japan, NZ, UK and Canada CPI, and ECB
•
Mon: Republican Convention, Holiday: Japanese Marine Day, Eurogroup Meeting, Eurogroup Informal meeting ofEnergy Ministers; Chinese GDP (Q2), Industrial Output/Retail Sales (Jun), Swiss PPI (Jun), US NY FedManufacturing (Jul), EZ Industrial Production (Jun); China’s Third Plenum (15-18th July) Tue: Republican Convention; German Wholesale Price Index (Jun), ZEW (Jul), EZ Trade Balance…
-
Keep an eye on China’s Third Plenum meeting next week
•
Shanghai Comp Daily This week’s CPI data showed that China has room for policy stimulus, and its weak economic performance certainly justifies it. There is some optimism with some Chinese stocks rising this week (from lows). The leadership meeting will outline efforts to boost advanced manufacturing, review the tax system…
-
Stock earnings for the quarter were kicked off. What’s on tap for next week?
•
JPMorgan, Wells Fargo and Citigroup kick off earnings season today. PepsiCo also reported earnings yesterday. So, what does the earnings calendar look like for next week? Monday, July 15 Goldman Sachs Black Rock Tuesday, Tuesday, July 16 American bank United Health Group gradual Morgan Stanley. Charles Schwab. PNC Interactive Brokers…
-
Bitcoin Starts July On A Bearish Note, Will CPI Data Change The Narrative This Week?
•
The start of July was not as positive for the Bitcoin and cryptocurrency markets as previously expected due to a number of events that shook the market. For example, the Ethereum ETF did not launch on July 2nd as expected, and the US and German governments reportedly sold large amounts…
-
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…
-
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 –…
-
‘Meltdown’: A week later, WestJet continues to feel the fallout from mechanics strike
•
Breadcrumbs Path Links PMN Business Article author: Canadian Press Christopher Reynolds Posted on July 07, 2024 • Read for 3 minutes You can save this article by registering for free here. Or log in if you have an account. WestJet is still feeling the effects of a machinists’ strike a…
-
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)…
-
USDCHF sellers push the price to the low for the week. Price back below the 100 day MA.
•
The USD/CHF pair is trading at fresh weekly lows today after hitting resistance at the start of the trading week (Monday). This upside resistance came in the swing zone between 0.9044 and 0.90565. The subsequent move to the downside tried to find support against its 100-day moving average mid-week but…
-
Key events and releases for traders in the upcoming trading week
•
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…
-
NASDAQ closed at new record levels each day of this trading week
•
All three major indexes closed higher today. The Nasdaq closed higher for the fourth straight day. Each of those days marked a new record close. The S&P also rose for the fourth straight day, with three of those closings marking new record highs. A screenshot of the final levels shows:…
-
Weak shekel makes rate cut unlikely next week
•
The Monetary Committee of the Bank of Israel will announce its fifth interest rate decision this year on Monday. Since January, when the rate was cut by 0.25% to 4.5%, the Monetary Committee has refrained from implementing further cuts. Capital market sources and analysts currently believe that there will be…
-
NZDUSD trading near session highs for the week. Bias more in favor of buyers.
•
As the trading week comes to a close, the NZDUSD pair is trading near its highest levels of the week. Technically, the move to the upside also broke the 100-bar moving average on the 4-hour chart at 0.61116 and the 200-bar moving average on the same chart at 0.61267. Today’s…
-
New York Fed Nowcast growth estimate for Q2 falls to 1.8% down from 1.93% last week
•
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…