In this article TGT Follow your favorite stocksCREATE FREE ACCOUNT A customer shops at a Target store in Miami, Florida, on May 20, 2024. Joe Raedle | Getty Images Target will report its fiscal first-quarter earnings on Wednesday, just days after it said it would cut prices on thousands of groceries and everyday items. The
The Pound Sterling jumps to 1.2750 as UK inflation for April remains hotter than expected. UK annual core inflation rose by 3.9%, likely impacting BoE rate-cut hopes for August. The next move in the US Dollar will be guided by the FOMC minutes. The Pound Sterling (GBP) rallies to 1.2750 in Wednesday’s European session as
The USDCHF has had its upsa and downs today (and this week), with the buyers now making a play after holding support at the 100 bar MA on the 4-hour chart at session lows today. The ability to hold that support and them push above the 50% retracement of the May trading range, has given
We had some data from Japan today: Reuters Tankan, April trade data, March machine orders data. None of it moved the yen too much. We also had comments from Fed officials, Federal Reserve Bank of Cleveland President Loretta Mester and Federal Reserve Bank of Boston President Susan Collins. Both emphasised that rates would be held
Gold prices were steady on Wednesday and hovered above key $2,400 level touched earlier this week, supported by safe-haven buying and the prospect of interest rate cuts from the U.S. Federal Reserve later this year. FUNDAMENTALS * Spot gold held its ground at $2,422.45 per ounce, as of 0106 GMT. Bullion hit a record high
Australian Dollar weakened broadly during Asian session as its recent rally lost momentum. Despite RBA minutes revealing that a rate hike was considered earlier this month, which should have been supportive for the Aussie, this positive sentiment was countered by weak consumer sentiment readings. Additionally, Aussie seemed to be weighed down by a pullback in
In this article DJT Follow your favorite stocksCREATE FREE ACCOUNT Aytac Unal/ | Anadolu | Getty Images Shares of Trump Media fell more than 10% on Tuesday, a day after the Truth Social app owner reported a net loss of $327.6 million on just $770,500 in revenue in the first quarter of 2024. Trump Media,
What you need to take care of on Wednesday, May 22: Financial markets made no progress on Tuesday, with major pairs holding on to familiar levels and within tight ranges. The US Dollar saw a modest uptick amid a risk-averse environment, with Asian and European indexes closing in the red. Wall Street, however, managed to
The buyers had a shot to run higher after the Canadian CPI data this morning suggested that the BOC might have enough proof to cut rates in June. However, after running higher and extending to the 100 bar moving average on the 4-hour chart at 1.36736, technical sellers who could define and limit risk leaned
Major US stock indices have erased earlier declines in trade in positive territory. The S&P index is probably up 4.78 points or 0.09% at 5312.87. It is above its all-time high closing level of 5308.14. The NASDAQ index which closed at a record level yesterday is currently up 3.01 points or 0.02% at 16797. Anything
Oil prices dropped by more than $1 on Tuesday, extending losses on the potential for lingering U.S. inflation to keep interest rates higher for longer, depressing consumer and industrial demand. Brent crude futures fell by $1.54, or 1.8%, to $82.17 a barrel by 1210 GMT. U.S. West Texas Intermediate crude (WTI) futures for June, which
Canadian Dollar sees a broad decline in early US session due to growing speculation about rate cut by BoC in the near future. April’s headline CPI slowed as expected, despite a significant increase in gasoline prices. Core inflation measures also showed more progress in disinflation than anticipated. While it remains uncertain if this progress will
A shopper selects fresh produce from a market stall in the Kingston district of London, UK, on Monday, May 20, 2024. Bloomberg | Bloomberg | Getty Images LONDON — U.K. inflation could be about to hit a major milestone, with some forecasting that a sharp fall in the April print will take the headline rate
In this article M Follow your favorite stocksCREATE FREE ACCOUNT The Macy’s company logo is seen at the Macy’s store on Herald Square on January 19, 2024 in New York City. Macy’s department-store chain announced that they will be laying off roughly 2,350 employees which is about 3.5% of their workforce. The company says that
Hang Seng Index Elliott Wave Analysis Trading Lounge Day Chart, Hang Seng Index Elliott Wave technical analysis Function: Trend. Mode: Corrective. Structure: Red wave 2. Position: Blue wave 3. Direction next higher degrees: Red wave 3. Details: Red wave 1 looking completed at 19787.10. Now red wave 2 of 3 is in play. Wave cancel
GBPUSD stretches to next key swing area The GBPUSD is stretching to a new high for the day and in the process has reached a new swing area between 1.27229 and 1.27351 (see red numbered circles on the chart above). That area was home to a resistance and support stall area on the way up
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Gold prices inched up on Tuesday, hovering near a record peak hit in the previous session as recent economic data boosted bets that the U.S. Federal Reserve would start cutting interest rates later this year. FUNDAMENTALS * Spot gold was up 0.1% at $2,428.14 per ounce, as of 0110 GMT. Bullion hit a record high