A customer shops at a supermarket on August 14, 2024 in Arlington, Virginia. Sha Hanting | China News Service | Getty Images Federal Reserve officials will get the latest look at their favorite inflation indicator Friday, a data snapshot that could influence the September rate decision even as policymakers appear to have their focus elsewhere
In this article MDB Follow your favorite stocksCREATE FREE ACCOUNT Dev Ittycheria, CEO, MongoDB. Scott Mlyn | CNBC MongoDB shares jumped as much as 16% in extended trading on Thursday after the database software maker reported healthy fiscal second-quarter earnings and pushed up full-year guidance. Here’s how the company did against LSEG consensus: Earnings per
Mexican Peso declines as Banxico cuts 2024, 2025 GDP forecast. Political unrest over judiciary reform and dismantling of autonomous bodies further pressures the Peso. Banxico sees inflation reaching 3% target by late 2025, with growth risks skewed downward due to slowing US economy. The Mexican Peso depreciated against the Greenback on Thursday, with the latter
Euro fell notably in European session today, as inflation data from both Germany and Spain significantly underperformed expectations. The rapid deceleration in price pressures strengthens the argument for a September rate cut by ECB. With inflation slowing faster than anticipated, there is growing speculation that ECB could have the flexibility to implement two additional rate
Fundamental Overview This week has been pretty boring all around as the lack of catalysts kept the price action confined in a tight range. The market is waiting for the key economic releases next week as we will get the ISM PMIs and lots of US labour market data including the NFP report. As a
gold 10 mins There has been a nice turnaround on the intraday gold chart. It fell about $15 follow a round of USD buying on good GDP data but has since recouped all of that and more. Bids emerged just before $2500 and it’s now in-line for a record close. The intraday record of $2531
Oil prices held mostly steady on Thursday as a smaller-than-expected draw in U.S. crude inventories and continued worries over China demand countered supply disruptions out of Libya. Brent crude futures were down 1 cent, or 0.01%, at $78.64 a barrel at 0043 GMT, while U.S. West Texas Intermediate crude futures were up 8 cents, or
Facade of GAP retail store with logo sign on sunny day, San Francisco, California, June 7, 2024. Nurphoto | Nurphoto | Getty Images Gap shares were halted Thursday morning after its quarterly earnings results were apparently released early. The apparel retailer is set to post second-quarter earnings after the closing bell Thursday. But Bloomberg reported
Euro Stoxx 50 Elliott Wave technical analysis Function: Bullish Trend. Mode: Impulsive. Structure: Gray Wave 1. Position: Orange Wave 3. Direction next lower degrees: Gray Wave 2. Details: Orange Wave 2 appears completed. Now, Gray Wave 1 of Orange Wave 3 is in progress. Wave cancel invalid level: 4495. The Euro Stoxx 50 index currently shows a bullish trend according to the
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New Zealand Dollar made significant gains in Asian session today, boosted by unexpectedly strong business confidence data from New Zealand. In retrospect, RBNZ’s unexpected rate cut just two weeks ago now appears to be a timely and strategic move, welcomed by Kiwi traders. By initiating the policy easing cycle earlier than anticipated, RBNZ may have
Price action is limited with the EURUSD low to high trading range only 15 pips, but the price has been able to extend above the 200-hour MA at 1.11267 (green line in the chart above). If the buyers can keep the price above that level, the buyers remain in contol with a run to the
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Gold October futures contracts at MCX opened flat on Thursday at Rs 71,934 per 10 gram, which is up by 0.27% or Rs 191 while silver September futures contracts were trading at Rs 84,477/kg, up by 0.6% or Rs 500. In this week so far, the prices of gold have traded flat, up by Rs
Nvidia ‘s financials released after Wednesday’s close weren’t quite the $4 billion “Triple Lindy” of upside many investors were hoping for. But they were darn close, which avoided a feared massive sell-off in one of the three U.S. companies in the $3 trillion market cap club. Revenue for at the AI semiconductor powerhouse’s fiscal 2025
Recovering US yields supported the USD on Wednesday. The August NFP release is the most important reading for the Fed’s policy decision. Current market pricing still sees 100 bps of easing by year-end. The US Dollar, measured by the US Dollar Index (DXY), recovered modestly on Wednesday, after closing lower on Tuesday. The 10-year US
Euro is facing significant selling pressure today, with its recent decline gaining momentum. Fresh data from ECB paints a grim picture: bank lending growth in July was notably sluggish, failing to meet even historical averages. Meanwhile, money growth, which had shown signs of improvement in prior months, remained stagnant with M3 increasing by just 2.3%