Palo Alto Networks is clawing its way back after a brutal earnings sell-off in February, and Wall Street analysts say the cybersecurity company’s earnings next week will justify its resurgence. Shares of Palo Alto plunged 28% on Feb. 21, a session after the company delivered a more cautious outlook for the rest of 2024. The
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Silver prices (XAG/USD) rose on Wednesday, according to FXStreet data. Silver trades at $28.77 per troy ounce, up 0.54% from the $28.62 it cost on Tuesday. Silver prices have increased by 12.96% since the beginning of the year. Unit measure Today Price Silver price per troy ounce $28.77 Silver price per gram $0.92 The Gold/Silver
Fundamental Overview Yesterday, the USD weakened across the board following the US PPI release where the data came in line with expectations. The reaction showed that the market is eager to buy risk and that even little signs of better inflation figures can trigger positive risk sentiment. This will be important to remember in light
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
Ahead of the US inflation data, gold June futures on the MCX traded on a flat note, up 0.09% or Rs 68 at Rs 72,365/10 grams on Wednesday while MCX Silver July contracts rose 0.18% or Rs 152 to Rs 85,569/kg. The US inflation data (the core consumer price index) is expected to indicate a
Dollar remains broadly under pressure during Asian session as markets await the highly anticipated US CPI data. Expectations of Fed rate cuts have been building again since non-farm payroll data indicated a loosening job market. However, for the Fed to consider monetary easing, it is crucial that inflation shows signs of following suit with clear
People shop in the food section of a retail store in Rosemead, California, Jan. 19, 2024. Frederic J. Brown | AFP | Getty Images Inflation trends may have gotten a little less dreary in April, though they are still likely to keep the Federal Reserve uncomfortable enough to stay on pause with interest rates. The
In this article HD Follow your favorite stocksCREATE FREE ACCOUNT The logo of U.S. home improvement chain Home Depot is seen in Mexico City, Mexico, on Jan. 15, 2020. Luis Cortes | Reuters Home Depot on Tuesday posted quarterly revenue below Wall Street’s expectations, as shoppers postponed bigger discretionary projects like bath and kitchen remodels
GBP/JPY marches higher as markets eat away at “Yentervention” territory. UK labor figures worsened, but not as badly as expected. Japanese GDP growth due on Thursday. GBP/JPY rose further on Tuesday, clipping into the 197.00 handle as the broader FX market continues to sell the Japanese Yen (JPY) across the board. UK labor figures wobbled
USDCHF technical bias is shifted to the sellers. Near the start of the US session, the USDCHF was testing the 100/200 hour moving averages (MAs – blue and green lines in the chart above). After falling below these levels, the price moved down to test the high of a swing area between 0.9048 and 0.9056.
The May and June US copper contracts both touched $5 per pound today, a record high for the the metal. The story is well-known and something I’ve been writing about for years: There has been minimal investment in new supply and the green transition is incredibly copper-intensive. The latest leg is also benefiting from current
Gold prices were flat on Tuesday, as investors awaited key U.S. inflation data that could provide more clues on the Federal Reserve‘s policy path. FUNDAMENTALS * Spot gold was steady at $2,335.93 per ounce, as of 0052 GMT. Bullion prices fell 1% on Monday.* U.S. gold futures fell 0.1% to $2,341.60. * Markets’ focus this
Dollar spiked higher after US PPI reported stronger-than-expected monthly rise. However, this upward movement was quickly reversed within minutes, indicating that bearish sentiment continues to dominate the greenback. The key question now is whether Dollar will see downside breakouts before tomorrow’s crucial CPI release. Sterling’s movements have also been indecisive. The Pound initially recovered following
Wholesale prices jumped more than expected in April, putting up another potential roadblock to interest rate cuts anytime soon. The producer price index, a gauge of prices received at the wholesale level, increased 0.5% for the month, higher than the 0.3% Dow Jones estimate, the Labor Department’s Bureau of Labor Statistics reported Tuesday. However, the
In this article BABA BABA Follow your favorite stocksCREATE FREE ACCOUNT Alibaba said it is working on a rival to ChatGPT, the artificial intelligence chatbot that has caused excitement across the world. Alibaba said its own product is currently undergoing internal testing. Kuang Da | Visual China Group | Getty Images Alibaba posted a beat
Gold prices fell in India on Tuesday, according to data from India’s Multi Commodity Exchange (MCX). Gold price stood at 71,922 Indian Rupees (INR) per 10 grams, down INR 287 compared with the INR 72,209 it cost on Monday. As for futures contracts, Gold prices increased to INR 71,887 per 10 gms from INR 71,855
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not