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Tag: market


Finance Tech, Liquidity

Retreat in US Yields Supports Gold, But for How Long? XAU/USD, XAU/EUR Price Setups

May 31, 2023

Via: DailyFX

Gold rose on Tuesday, tracking the decline in US Treasury yields after a deal in Washington to raise the government’s debt ceiling, potentially averting a catastrophic government default. But is the short-term downtrend in the yellow metal over? Yields on […]


Energy, Industries

3 renewable energy stocks to buy

May 31, 2023

Via: MoneyWeek

The UK government has pledged to decarbonise the country’s electricity grid by 2035, a target it must hit in order to reach net zero by 2050. However, according to research by the House of Commons, the UK currently lags behind […]


Finance Tech, Trading

Should investors sell in May, or ride out market turbulence?

May 30, 2023

Via: MoneyWeek

“Sell in May and go away” is a popular adage in the investment world. The logic behind it is that investors should sell their stocks in May and hold the cash until the investment season heats up again in October […]


News

A U.S. recession would be ‘good news’ for markets, strategist says

May 26, 2023

Via: CNBC

A U.S. recession may prevent a steep market downturn in the second half of 2023, according to Michael Yoshikami, founder and CEO of Destination Wealth Management. U.S. consumer price inflation eased to 4.9% year on year in April, its lowest […]


News

Fed Minutes Point To Uncertainty About Interest Rate Outlook

May 24, 2023

Via: Markets Insider

The Federal Reserve released the minutes of its May monetary policy meeting on Wednesday, indicating uncertainty about the outlook for interest rates. The minutes revealed participants generally agreed that in light of the lagged effects of cumulative tightening in monetary […]


News

What it would mean for the global economy if the US defaults on its debt

May 22, 2023

Via: ABC News

If the debt crisis roiling Washington were eventually to send the United States crashing into recession, America’s economy would hardly sink alone. The repercussions of a first-ever default on the federal debt would quickly reverberate around the world. Orders for […]


Finance Tech, Liquidity

Oil rises further on prospect of improved demand, debt ceiling hopes

May 22, 2023

Via: Investing.com

Oil prices rose in early Asian trade on Tuesday, extending gains into a third straight session as markets bet on an improvement in U.S. fuel demand ahead of the memorial day weekend, while a positive tone from lawmakers on raising […]


Finance Tech, Liquidity

Fed official stresses importance of dollar’s standing

May 19, 2023

Via: Payments Dive

Neal’s remarks come as President Joe Biden and Republican congressional leaders wrangle over whether and under what terms to increase the U.S. debt ceiling to avoid a default. A failure by the U.S. to pay its debts would likely roil […]


Finance Tech, Trading

Stock market today: Wall Street drifts higher with yields

May 18, 2023

Via: ABC News

Stocks rose again Thursday after more companies reported better profits than expected, while yields climbed after a Federal Reserve official cautioned the end to its interest-rate hikes may not arrive as soon as Wall Street hoped. The S&P 500 gained […]


Finance Tech, Liquidity

Gold Price Forecast: XAU/USD at Risk of Further Downside Below the Psychological $2000 Mark

May 17, 2023

Via: DailyFX

Gold prices have steadied following yesterday’s fall as key support level and 50-day MA come into play. The dollar index (DXY) has strengthened in the early part of the week as the continued deadlock over the US debt ceiling continues. […]


Finance Tech, Liquidity

Americans think gold beats stocks as a long-term investment. Advisors disagree: ‘It’s more like a speculation’

May 17, 2023

Via: CNBC

Americans are upbeat on gold and have soured on stocks — perhaps to their detriment. Twenty-six percent of Americans ranked gold as the best long-term investment in 2023, almost double the 15% who thought so in 2022, according to a […]


Industries, Retail & Wholesale

Retail sales up 0.4% in April, buoyed by solid job market and declining prices in some areas

May 16, 2023

Via: ABC News

Americans picked up their spending modestly in April, spending money online and dining out, buoyed by a solid job market and a retreat in prices for some things. Car sales also rose despite prices that continue to soar, according to […]


Finance Tech, Liquidity

Crude Oil Boosted by US SPR Buying and Defies Soft China Data. Higher WTI?

May 16, 2023

Via: DailyFX

Crude oil nudged slightly higher on Tuesday after notable gains in the North American session after it was announced 3 million barrels will be bought to replenish the depleted supplies at the Special Petroleum Reserve (SPR). The WTI futures contract […]


Capital, Finance Tech

Microsoft’s $75 Billion Activision Deal Cleared by EU

May 15, 2023

Via: The Wall Street Journal

The European Union’s antitrust watchdog approved Microsoft’s MSFT 0.16%increase; green up pointing triangle planned $75 billion acquisition of Activision Blizzard ATVI 1.24%increase; green up pointing triangle, giving the two companies a win after the deal hit a regulatory roadblock in […]


Retail & Wholesale

USPS Ground Advantage Reduces Prices, Simplifies Shipping Solutions and Improves Service Reliability

May 10, 2023

Via: Markets Insider

The U.S. Postal Service today established proposed published pricing for its new product offering, USPS Ground Advantage. Pending favorable review and comments from the Postal Regulatory Commission (PRC), USPS Ground Advantage would launch on July 9. At launch, USPS Ground […]


News

Why the April Inflation Report Reinforces the Fed’s Plans to Pause

May 10, 2023

Via: The Wall Street Journal

Federal Reserve officials were already leaning toward taking a summer vacation from interest rate increases to see if they have done enough to slow the economy and inflation. Wednesday’s inflation report makes that easier because it showed price pressures aren’t […]


Finance Tech, Liquidity

Oil giant Saudi Aramco’s 1st quarter profit down 20% to $31B

May 9, 2023

Via: ABC News

Oil giant Saudi Aramco reported a first-quarter profit on Tuesday of $31.88 billion, down nearly 20% from the same period last year as energy prices have sunk over global recession concerns. The firm known formally as the Saudi Arabian Oil […]


Finance Tech, Liquidity

EUR/USD Price Forecast: Euro Bulls Fight Exhaustion Below the 1.1100 Level

May 8, 2023

Via: DailyFX

EURUSD ticked higher this morning following the European open having held above the psychological 1.1000 level last week. Euro bulls do appear slightly exhausted with the 1.1100 level proving a hurdle too far at present. Friday delivered further positives for […]


Finance Tech, Trading

Stock market today: World shares gain after Wall St rally

May 8, 2023

Via: ABC News

Wall Street is holding relatively steady Monday coming off its worst week in nearly two months, as stocks of several beaten-down banks rally. The S&P 500 was virtually unchanged in early trading. The Dow Jones Industrial Average was edging down […]


Finance Tech, Trading

Stock market today: Apple juices a rally after a brutal week

May 5, 2023

Via: ABC News

Apple was at the head of a widespread rally on Wall Street Friday after the market’s most influential company reported a better profit than expected. Stocks of beaten-down banks also leapt to recover a smidgen of their sharp losses from […]