GBP/USD Price Forecast: Stumbles on soft UK data, bears target 1.2600 The Pound Sterling extends its agony and printing losses for the sixth straight day against the Greenback. Soft UK GDP coupled with robust US Retail Sales figures boosted the US Dollar and weighed on GBP/USD, which trades at 1.2636, down 0.22%. Read More… GBP/USD resumes downside bias after release
Month: November 2024
Fundamental Overview The Nasdaq rallied into a new all-time high following Trump’s victory and the red sweep as the market started to look forward to bullish drivers like tax cuts and deregulation. The only bearish reason people were looking at was the rise in Treasury yields. That’s generally bearish only when the Fed is tightening
The shine of the election has run into uncertainty about tariffs and elevated P/Es. Pretty much all the gains after the open on post-election morning are now gone and the S&P 500 is now threatening the opening gap while the Nasdaq has already taken a decent bite. Trump’s cabinet picks are leaning heavily on “promises
Written by , ETMarkets.com| Nov 15, 2024, 12:53:35 PM IST 1/11 Stock Ideas Amid recent market corrections, Jefferies has highlighted 10 stocks with strong potential for recovery, recommending a ‘Buy the Dip’ strategy. Stocks such as Hindustan Aeronautics (HAL), Punjab National Bank (PNB), and IDFC First Bank stand out, with their valuations down significantly from their
CNBC’s Jim Cramer on Friday highlighted the biggest events next week on Wall Street, pinpointing earnings reports from Nvidia, TJX and Walmart. And as postelection worries create an uncertain market landscape, he advised that investors proceed with caution. “Look, I’ve told you that there are many pitfalls with individual stocks when it comes to Trump
The USD retreated on Friday after hitting yearly highs near 106.60. The market has responded to Fed Chair Powell’s comments with odds of a December cut falling to 60%. Retail Sales expanded by 0.4% in October vs. the previous month, surpassing expectations. The US Dollar Index (DXY), which measures the value of the USD against
Dollar is trading slightly lower as the market enters the final US session of the week, with mixed US retail sales data failing to provide fresh momentum for the greenback. The currency appears to be taking a breather as the initial impact of the “Trump Trade” begins to fade. Meanwhile, the likelihood of another rate
I’ve been pounding the table for awhile on USD/CAD longs and it’s all come together in the past two months, with a one-way move up through a series of highs in the 1.3950 range. Now the pair has clearly broken out and it’s due to a soft Canadian economy and a surprisingly strong one in
Markets: Gold down $4 to $2562 US 10-year yeilds up 2 bps to 4.44% WTI crude oil down $1.71 to $66.99 S&P 500 down 1.3% JPY leads, GBP lags There wasn’t a tidy narrative on Friday as trading started out with a ‘sell everything’ mode before bonds made something of a comeback. Still, it was
Written by , ETMarkets.com| Nov 15, 2024, 04:37:27 PM IST 1/11 Portfolio Changes In October, mutual funds made significant adjustments to their portfolios by adding and reducing holdings in several small-cap stocks. Notable acquisitions included Sansera Engineering, Sundaram Clayton, and Sky Gold, while key reductions were seen in Orient Cement, Ashoka Buildcon. Here is a list
Alibaba Offices In Beijing Bloomberg | Bloomberg | Getty Images Chinese e-commerce behemoth Alibaba on Friday beat profit expectations in its September quarter, but sales fell short as sluggishness in the world’s second-largest economy hit consumer spending. Alibaba said net income rose 58% year-on-year to 43.9 billion Chinese yuan ($6.07 billion) in the company’s quarter
The Greenback overturns intraday losses and is set to flip in the green. Fed Chairman Jerome Powell surprised markets by casting doubts over December’s interest-rate cut. The US Dollar index surges back to the fresh one-year high from Thursday. The US Dollar (USD) sees earlier declines soften a bit on Friday with US Retail Sales
The forex market entered a phase of relative calm during Asian session today, with major currency pairs and crosses having limited movement. The Dollar softened slightly overnight with to retreat in US Treasury yields, but the losses have been minimal. The greenback found support from Fed Chair Jerome Powell’s comments that Fed is not in
Fundamental Overview Gold is pulling back a bit now after an almost 8% selloff since the US election day. The market didn’t react hawkishly after another hot US PPI report and an acknowledgement from Fed Chair Powell that they can proceed carefully on rate cuts. The market might be fine with just two rate cuts
Sees Eurozone economic growth at 0.8% in 2024, 1.3% in 2025, and 1.6% in 2026 Sees Eurozone inflation at 2.4% in 2024, 2.1% in 2025, and 1.9% in 2026 Of note, they are forecasting the German economy to contract by 0.1% this year as compared to their previous forecast of 0.1% growth in the spring.
Written by , ETMarkets.com| Nov 15, 2024, 01:03:29 PM IST 1/11 Stock Slump The Indian stock market has been trading sluggishly in recent days, with the benchmark index, Sensex, dropping around 2.5% in just one week and losing nearly 11% from it’s all-time high. Amid this weak trading environment, many stocks in the BSE 500 index
Bank of England in the City of London on 6th November 2024 in London, United Kingdom. The City of London is a city, ceremonial county and local government district that contains the primary central business district CBD of London. The City of London is widely referred to simply as the City is also colloquially known
In this article DIS CMCSA FOXA WBD Follow your favorite stocksCREATE FREE ACCOUNT Scene from the FX series Shogun. Source: Disney | FX Disney has done the math on separating its TV networks business, and it appears too messy to be done — at least for now. The company’s Chief Financial Officer, Hugh Johnston, said
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