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
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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
Asian markets kicked off the week on a positive note, buoyed by the record-breaking rally in US markets last week. Despite escalating geopolitical tensions in the Middle East, which have spurred strong rallies in metals, stock investors appear relatively calm. Trading activity today may be muted due to bank holidays in several European countries and
In this article BT.A-GB Follow your favorite stocksCREATE FREE ACCOUNT A BT Group Plc logo on a EE/BT Group Plc store in London, UK, on Wednesday, May 17, 2023. Hollie Adams | Bloomberg | Getty Images LONDON — Shares of BT Group surged Thursday after the firm announced a target of a further £3 billion
Cautious Fed officials and robust Q2 growth limits the USD downside. Markets continue to bet that the easing cycle will start in September. If data continues to underperform, the Fed might consider a July rate cut. The US Dollar Index (DXY) is currently trading at 104.50, maintaining a neutral stance. Strong The overall Q2 growth
The USDCHF has moved back toward the high for the week, and in the process is retesting a swing area between 0.9087 – 0.90978, and converged 100 and 200 bar moving averages on the 4- hour chart at 0.90915. The high price installed near 0.90978, and the price has rotated back lower and below the
The helicopter was carrying Iranian president Ebrahim Raisi and Iranian Minister of Foreign Affairs Hossein Amir-Abdollahian It is said to have “hard landing” near Varzeghan in the East Azerbaijan region of Iran. Rescue teams are searching for the aircraft. Latest reports say the chopper has been found. Iranian officials say weather conditions in the crash
Spot gold rallied sharply on Friday as traders looked past hotter than expected US inflation data to focus on possible rate cuts as the US economy, going by recent key macroeconomic data, is weakening. Spot gold closed with a gain of 1.55% at $2414 Friday. The yellow metal was up around 2.30% on the week.
A view shows the U.S. Capitol in Washington, U.S., May 9, 2024. Kaylee Greenlee Beal | Reuters Government debt that has swelled nearly 50% since the early days of the Covid pandemic is generating elevated levels of worry both on Wall Street and in Washington. The federal IOU is now at $34.5 trillion, or about
In this article GOOS-CA Follow your favorite stocksCREATE FREE ACCOUNT Chris So | Toronto Star | Getty Images Shares of Canada Goose surged 16% on Thursday after the company reported earnings for the fiscal fourth quarter and announced it was expecting year-over-year sales growth for fiscal year 2025. Here’s how the company did: Earnings per