Prices are displayed in a grocery store on February 01, 2023 in New York City. Leonardo Munoz | Corbis News | Getty Images Just as Federal Reserve officials have grown optimistic that inflation is cooling, news could come countering that narrative. All market eyes Tuesday will be on the release of the Labor Department’s consumer
In this article CSCO Follow your favorite stocksCREATE FREE ACCOUNT Cisco reported better-than-expected fiscal second-quarter results on Wednesday and lifted its forecast for the full year. Shares of the computer networking company initially jumped in extended trading before paring most of their gains. Here’s how the company did: Earnings: 88 cents per share, adjusted, vs.
Galaxy Digital Holdings CEO, Mike Novogratz, believes there’s a chance Bitcoin (BTC) could return to $30,000 or above before the end of March. According to a Feb. 15 Bloomberg report Novogratz spoke at a Bank of America conference the same day and said he would’ve been the “happiest guy” if 2022 ended with BTC at
Oil prices angled upward in early Asian trade on Thursday as the market shrugged off a giant U.S. crude inventory build and the International Energy Agency boosted its demand outlook. Brent crude futures rose 26 cents to $85.64 per barrel by 0131 GMT, while U.S. West Texas Intermediate (WTI) crude futures gained 34 cents to
Yen’s weakness is currently a clearer development in the rather indecisive markets. Germany and UK benchmark yields are extending near term rally while US 10-year yield stands firm above 3.7%. On the other hand, 10-year JGB yield is still capped by BoJ imposed ceiling. Dollar is mixed for now after traders refused to commit over
Share: AUD/USD rebounds from 0.6865-70 support confluence to consolidate biggest daily loss in two weeks. Convergence of head-and-shoulders’ neckline, two-month-old ascending trend line challenges bears. Buyers need validation from 21-DMA to retake control. AUD/USD grinds near intraday high surrounding 0.6915 as it reverses the losses post Australian employment data release during early European morning on
AUDUSD bounces off the swing area floor The AUDUSD trended lower in trading today and is the weakest of the majors. However, it has found some support in a swing area floor that has formed going back to early January (see red numbered circles). Looking at the hourly chart, that floor comes in between 0.68549
Charlie Munger turned 99 last month but he’s still investing with Warren Buffett at Berkshire Hathaway and still weighing in on markets with his classic wit. Today he was asked about long-term valuations and said “I don’t worry about it too much, because I will be dead”. He He was also asked about the secret
Sales at retailers rose far more than expected in January as consumers persevered despite rising inflation pressures. Advance retail sales for the month increased 3%, compared with expectations for a rise of 1.9%, the Commerce Department reported Wednesday. Excluding autos, sales rose 2.3%, according to the report, which is not adjusted for inflation. The ex-autos
In this article RBLX Follow your favorite stocksCREATE FREE ACCOUNT A man photographs a Roblox banner displayed, to celebrate the company’s IPO, on the front facade of the New York Stock Exchange (NYSE) in New York, March 10, 2021. Brendan McDermid | Reuters Shares of Roblox popped 24% Wednesday after the company reported fourth-quarter earnings that beat
China will make up nearly half of this year’s oil demand growth after it relaxed its COVID-19 curbs, the International Energy Agency (IEA) said on Wednesday, but restrained OPEC+ production could mean a supply deficit in the second half. “Supply from OPEC+ is projected to contract with Russia pressured by sanctions,” the Paris-based agency said
Dollar might finally be committing to a rally after stronger than expected retail sales data. Consumer markets appeared to remain robust despite persistently high inflation. Talks of a higher terminal rate for Fed is also growing. On the other hand, Sterling was knocked down earlier today after lower than expected CPI reading, in particular against
Share: UOB Group’s Senior Economist Julia Goh and Economist Loke Siew Ting comment on the publication of the GDP results in Malaysia. Key Takeaways “Malaysia’s real GDP growth moderated to 7.0% y/y in 4Q22 (3Q22: 14.2%) as low base effects wane. However, growth surpassed ours (6.3%) and Bloomberg consensus (6.7%), as well as the long-term
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EURUSD settles between 100/200 hour MAs The EURUSD traded with up and down volatility today. The high price today extended up to the 38.2% and topside swing area near 1.0799 to 1.0805. The low price today extended below the 100 hour MA but held the low of a swing area at 1.0707. The price is
This comes as we see a slightly softer risk mood, with broader markets still largely digesting the US CPI data from yesterday. The greenback is higher across the board with AUD/USD being the biggest loser, down 1.2% to 0.6900 currently: That said, the pair is still sandwiched between key technical levels with offers lined up