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
Another earnings report, another sell-off in extended trading for Palo Alto Networks . But like the two releases preceding Monday night’s results, we’re looking at the decline as buying opportunity for long-term investors. Revenue during the cybersecurity company’s fiscal 2024 third quarter increased 15% year over year to $1.985 billion, beating the consensus estimate of
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
EURUSD keeps banging at the 100 hour MA Looking at the hourly chart of the EURUSD below, the 100-hour MA has been in play over the last 7 or so trading days. The tests of the moving average over that time has found support buyers ahead or soon after a small dip below the MA
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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
Gold price gains ground after reaching a record high on Monday. The hopes for Fed rate cuts and escalating Middle East tensions boost safe-haven assets like gold. Federal Reserve officials Bostic, Barr, Waller, Jefferson, and Mester are set to speak on Monday. The gold price (XAU/USD) gains momentum on Monday. The yellow metal hit a
Fundamental Overview Gold got a boost from the benign US CPI report on Wednesday where the data came in line with expectations. The market firmed up the rate cuts expectations with September and December now fully priced in. The Treasury yields and the US Dollar weakened as a result supporting gold prices. In the bigger
Federal Reserve speakers on Monday include Bostic, Barr, Waller, Jefferson Iranian state media has confirmed no survivors of helicopter crash Saudi Crown Prince postpones his trip to Japan ICYMI – China’s benchmark lending rates were held steady: 1 yr LPR @ 3.45% 5 yr @ 3.95% PBOC sets USD/ CNY central rate at 7.1042 (vs.
Gold prices climbed to a record high on Monday after U.S. economic data last week cemented bets that the Federal Reserve could cut interest rates twice this year. FUNDAMENTALS * Spot gold was up 0.6% at $2,430.19 per ounce, as of 0118 GMT. Bullion hit a record high of 2,440.49 earlier in the session. *
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
Fundamental Overview The S&P 500 has been rallying almost non-stop since the FOMC meeting, and thanks to the miss in the NFP report and the benign CPI report the price eventually hit a new all-time high yesterday. We are currently seeing a bit of a pullback, which is totally normal after such a strong run.
UPCOMING EVENTS: Monday: PBoC LPR, Fed’s Waller. Tuesday: RBA Meeting Minutes, Canada CPI. Wednesday: RBNZ Policy Decision, UK CPI, FOMC Minutes. Thursday: New Zealand Q1 Retail Sales, Australia/Japan/Eurozone/UK/US Flash PMIs, Eurozone Negotiated Q1 Wage Growth, US Jobless Claims. Friday: Japan CPI, UK Retail Sales, Canada Retail Sales, US Durable Goods Orders. Monday The PBoC is
A broad advance in industrial metals took domestic copper prices to record levels last week. A firm overseas market due to fresh Chinese stimulus measures, concerns over tightness in global mine supply, and hopes of strong green demand boosted prices. In the key domestic MCX futures, prices of copper are hovering near Rs 900 a
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