Category: Finance Tech

May 25, 2022

Stocks shook off some early weakness and turned tentatively higher Wednesday, led by gains in store operators and other retailers. Retailers had been beaten down in recent days over concerns that soaring inflation was eating into their profits. Some of […]

May 24, 2022

Gold is in a great space at the moment with almost all supporting markers favoring the yellow metal. U.S. 10-year TIPS (see graphic below) has plateaued giving added impetus to gold upside because of the reduced cost of holding gold […]

May 23, 2022

Global stocks rose on Monday and the yuan surged after US President Joe Biden said he’s considering cutting tariffs on China. S&P 500 futures were up 0.46% as of 5.27 a.m. ET, suggesting stocks will open higher when trading begins. […]

May 20, 2022

U.S. stock futures traded higher in early pre-market trade after the Dow Jones dropped more than 200 points in the previous session. Investors are awaiting earnings results from Deere & Company (NYSE:DE), Booz Allen Hamilton Holding Corporation (NYSE:BAH) and Foot […]

May 19, 2022

European stocks fell on Thursday to extend losses from the previous session, as mounting concerns over high inflation and slowing global growth sent investors flocking to the safe haven of the dollar and bonds. U.S. retail giants Target and Walmart […]

May 17, 2022

The cryptocurrency market’s near-$2 trillion loss in value forces a difficult question: Could crypto trigger a broader economic slowdown? It’s a concern that highlights the uncertainty inherent in a market that by many measures is still in its infancy but […]

May 17, 2022

For all market-moving data releases and events, see the DailyFX Economic Calendar. Gold is back around $1,828/oz. after falling to a fresh multi-month low on Monday at around $1,787/oz. but the move higher looks set to struggle. The precious metal […]

May 16, 2022

The European Commission’s Spring Forecast for 2022 revised Eurozone inflation upward to 6.1% in 2022 as expected with forecasts expected to decline to 2.7% in 2023. Growth projections in the region were subsequently lowered to 2.3% from 2.7% in February. […]

May 13, 2022

Growth stocks led a rebound in Wall Street’s main indexes on Friday in a week marred by worries about the worsening outlook for economic growth, while Twitter sank after Elon Musk put his deal for the social media company on […]

May 12, 2022

U.S. stock futures traded lower in early pre-market trade after the Nasdaq Composite tumbled over 3% in the previous session. Investors are awaiting earnings results from US Foods Holding Corp. (NYSE:USFD), Motorola Solutions, Inc. (NYSE:MSI) and Tapestry, Inc. (NYSE:TPR). Data […]