A shopper selects fresh produce from a market stall in the Kingston district of London, UK, on Monday, May 20, 2024. Bloomberg | Bloomberg | Getty Images LONDON — U.K. inflation could be about to hit a major milestone, with some forecasting that a sharp fall in the April print will take the headline rate
Month: May 2024
In this article DJT Follow your favorite stocksCREATE FREE ACCOUNT Aytac Unal/ | Anadolu | Getty Images Shares of Trump Media fell more than 10% on Tuesday, a day after the Truth Social app owner reported a net loss of $327.6 million on just $770,500 in revenue in the first quarter of 2024. Trump Media,
Gold price is correcting lower after touching an all-time high of $2,450 on Monday. Acute bearish divergence on the daily chart could indicate a deeper correction may follow. The pullback appears to be driven by central banks communicating a reluctance to lower interest rates. Gold price (XAU/USD) retreats to the $2,410s on Tuesday as commentary
Fundamental Overview The USD has been generally under pressure since the benign US CPI report last week as the hawkish expectations subsided and the market switched its focus from inflation back to growth. This triggered a positive risk sentiment with risk assets like stocks and bitcoin gaining ground. Such an environment is generally negative for
This is a market that is waiting to get its fix. And that fix lies in big data. In between those events, it’s a really dull one and today is no different. Once again, major currencies are lacking any real appetite with dollar pairs keeping within 0.1% change to one another. The ranges outlined below
Amid the strong US dollar and possibility of higher for longer rates in the US, MCX for June futures contracts fell Rs 629 or 0.85% to trade at Rs 73,738 per 10 grams while MCX July silver contracts were down Rs 1,806 or 1.9% to Rs 93,461 per kg. Gold is up 18% this year,
Australian Dollar weakened broadly during Asian session as its recent rally lost momentum. Despite RBA minutes revealing that a rate hike was considered earlier this month, which should have been supportive for the Aussie, this positive sentiment was countered by weak consumer sentiment readings. Additionally, Aussie seemed to be weighed down by a pullback in
Another earnings report, another sell-off in extended trading for Palo Alto Networks . But like the two releases preceding Monday night’s results, we’re looking at the decline as buying opportunity for long-term investors. Revenue during the cybersecurity company’s fiscal 2024 third quarter increased 15% year over year to $1.985 billion, beating the consensus estimate of
Dow Jones briefly tipped into a new record high, but cautious tones remain. Fedspeak dominates headlines on quiet Monday, risk appetite hesitates. Rate markets still bet on September rate cut, but odds are easing. The Dow Jones Industrial Average (DJIA) tested into a new all-time record high on Monday, but price action is getting pushed
USDJPY bases off 155.95 The USDJPY moved lower in the European session today, after an Asian session run up that moved up to test a swing area near 155.95. The subsequent move higher took the price to and through a swing level at 155.95. After that break, the price did rotate lower, but found support
ICYMI, Morgan Stanley’s Global Strategy Mid-Year Outlook note was published over the weekend. The change in view from the bank’s chief U.S. equity strategist Mike Wilson has catalysed headlines such as: thrown in the towel finally capitulated Wilson’s new forecast is not too far out of line from consensus now. Market Watch earlier collated revised
Oil prices steadied on Monday amid political uncertainty in major producing countries after Iran’s president died in a helicopter crash and Saudi Arabia’s crown prince deferred a trip to Japan on account of his father, the king’s, health. Brent was down 24 cents at $83.74 a barrel by 0958 GMT. The U.S. West Texas Intermediate
Global financial markets are trading with a risk-on sentiment today, starting from the Asian session and continuing through the European and early US sessions. However, gains in stocks have been relatively limited, partly constrained by recovery in benchmark treasury yields, and partly capped by low trading activity. In the currency markets, positions have shifted somewhat
In this article CMG MCD SBUX HD SG DAL WMT PEP TGT Follow your favorite stocksCREATE FREE ACCOUNT People walk past a Sweetgreen restaurant in Manhattan on September 14, 2023. Jeenah Moon | The Washington Post | Getty Images With higher prices and elevated interest rates stubbornly sticking around, Chipotle burrito bowls and European vacations
CVX Elliott Wave Analysis Trading Lounge Daily Chart, Chevron Inc., (CVX) Daily Chart. CVX Elliott Wave technical analysis Function: Trend. Mode: Impulsive. Structure: Motive. Position: Minor wave 1. Direction: Upside in Minute {v}. Details: Looking for a top in Minor wave 1, to ideally break previous wave B top at 171$ to give us additional upside
Fundamental Overview Last week, we saw the USDJPY pair falling after the US CPI report as the market shrugged off rate hikes fears and consolidated the Fed’s higher for longer stance. The following day, the JPY started to lose ground again as not only the interest rates differential remains strong, but we have also the
Gold is up 1% on the day to trade at fresh record highs, keeping around $2,440 currently. The break above $2,400 at the end of last week is being built upon as we get into the new week. Buyers are keeping steadfast and we’re seeing the conviction carry over since March trading. Gold (XAU/USD) daily
In a volatile May when S&P BSE Sensex has slipped 566 points or 0.75%, silver has outsmarted not just the headline index but also its shinier peer gold, and Bitcoin. The white metal has jumped by nearly 11.29% or over Rs 9,580 per kg in this month so far as its industrial appeal returns along
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