It’s been a stellar month for the U.S. stock market, driven largely by easing monetary policy. Since the Club’s last Monthly Meeting, investors have celebrated the Federal Reserve’s pivot to its rate-cutting era. The U.S. central bank announced its first interest rate reduction in more than four years on Sept. 18, sending stock benchmarks to
The US Dollar trades mildly up as the possible escalation in the Middle East conflict drives flows towards the Greenback. Fed speakers are starting to align with market expectations for gradual to no rate cuts this year. The US Dollar Index rally could pick up steam if Donald Trump leads further in the polls. The
The NZDUSD price action this week has been lower, but there also has seen a lot of ups and downs and consolidation after the sharp move lower from the end of September high at 0.6377 to the low this week at 0.6038 (12 days from top to the bottom) Technically, the NZDUSD has been behaving
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
BEIJING – Oil prices steadied in early trading on Monday, following a more than 7% drop last week on worries about demand in China, the world’s top oil importer, and an easing of concerns about potential supply disruptions in the Middle East. Brent crude futures rose 8 cents, or 0.11%, to $73.14 a barrel by
In this article MS Follow your favorite stocksCREATE FREE ACCOUNT Ted Pick, CEO Morgan Stanley, speaking on CNBC’s Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 18th, 2024. Adam Galici | CNBC Morgan Stanley is set to report third-quarter earnings before the opening bell Wednesday. Here’s what Wall Street expects:
The Australian Dollar appreciates following the PBoC’s rate cuts on Monday. The PBoC has reduced the 1- and 5-year Loan Prime Rates to 3.10% and 3.60%, respectively. The Aussie Dollar appreciated as domestic upbeat labor data has lowered the odds of a RBA’s rate cut this year. The Australian Dollar (AUD) extended its winning streak
aCrude Oil Futures Weekly Forecast: Bears in Control, Watching Key Support Levels 📉 Crude Oil Futures (CL1!) are showing clear signs of bearish momentum, with prices falling sharply in recent weeks. This is reflected in the weekly chart, where the market has consistently respected a long-term descending resistance line (marked in red as the bottom
UPCOMING EVENTS: Monday: PBoC LPR. Tuesday: Canada PPI. Wednesday: BoC Policy Decision. Thursday: Australia/Japan/Eurozone/UK/US Flash PMIs, US Jobless Claims. Friday: PBoC MLF, Tokyo CPI, German IFO, Canada Retail Sales, US Durable Goods Orders. Monday The PBoC is expected to cut the LPR rates by 20 bps bringing the 1-year rate to 3.15% and the 5-year
Gold, of late, has stopped showing much reaction to traditional drivers like the US yields, the US Dollar Index, key macroeconomic data, etc as bulls are now focused primarily on uncertainties over the US presidential election outcome. In addition, the metal is extending its gains on synchronised global rate cuts, ETF inflows and geopolitical factors
Sterling has taken a significant hit after UK inflation data for September showed sharper-than-expected decline, falling below BoE’s 2% target again, and hit the lowest level in over three years. Core CPI also fell more than forecasted, indicating a stronger pace of disinflation. Services prices, a key inflation driver, showed a marked slowdown, reinforcing the
In this article ASML-NL Follow your favorite stocksCREATE FREE ACCOUNT An ASML icon is being displayed on a circuit board, alongside the flags of the USA and China, in this photo illustration taken in Brussels, Belgium, on January 4, 2024. Jonathan Raa | Nurphoto | Getty Images ASML on Tuesday offered the first glimpse into
EUR/USD rebounded on Friday, clipping a week-long losing streak. A last-second recovery in Fiber bids came from broad-market Greenback weakness. The Euro remains poised for further losses after another rate cut from the ECB this week. EUR/USD drifted into a rebound on Friday, snapping a four-day losing streak. A wider selloff in Greenback flows off
Shares of Apple are trading at $235 or up $2.85 or 1.22%. Closing this level would suppress the all-time high close level of $234.82 reached on July 16. Wedbush was out with a report today saying Apple’s iPhone 16 sales in China are forecasted to see a significant rebound over the next year. The analysts
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
Oil futures fell on Friday, declining more than 7% on the week after data showed China’s economic growth slowed and investors digested a mixed Middle East outlook. Brent crude futures fell $1.39, or 1.87%, to $73.06 a barrel. U.S. West Texas Intermediate crude settled at$69.22 a barrel, down $1.45 or 2.05%. Brent settled more than
Dollar continued its reign as the strongest currency for yet another week, bolstered by solidifying expectations around gradual and measured rate cut cycle by Fed. The rate cut from ECB provided some additional tailwind for the greenback. However, momentum behind the Dollar’s rise remains tepid. Strong risk-on sentiment, coupled with sluggishness in U.S. Treasury yields,
A family shops for Halloween candy at a Walmart Supercenter on October 16, 2024 in Austin, Texas. Brandon Bell | Getty Images Just because the Federal Reserve is nearing its inflation goal doesn’t mean the problem is solved, as the high price of goods and services across the U.S. economy continues to pose a burden
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