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Tag: stocks


Finance Tech, Trading

Why is Ether (ETH) price up today?

November 20, 2023

Via: Investing.com

Ethereum (ETH) is witnessing a price breakout on the back of increasing institutional interest in the second-largest cryptocurrency behind Bitcoin (BTC) by market cap. The increased bullish sentiment pushed Ether price up by 26.2% in 30-days. The fact that ETH […]


Industries, Retail & Wholesale

US Breaking News: Retail Sales Beat Pessimistic Estimate, USD Bid

November 15, 2023

Via: DailyFX

US retail sales broke its run of six consecutive positive prints in October, dropping 0.1% in the month of October compared to September. In addition, September’s number was revised higher from +0.7% to +0.9%. Retail sales has contributed to the […]


News

Inflation panic seems to be over but cost of living crisis remains

November 15, 2023

Via: Sky News

Inflation has dropped to 4.6% which means the chancellor and prime minister can claim victory in one of their five pledges – the one to halve inflation by the end of the year. True, there’s still a few months of […]


News

UBS sees a raft of Fed rate cuts next year on the back of a U.S. recession

November 14, 2023

Via: CNBC

UBS expects the U.S. Federal Reserve to cut interest rates by as much as 275 basis points in 2024, almost four times the market consensus, as the world’s largest economy tips into recession. In its 2024-2026 outlook for the U.S. […]


Finance Tech, Liquidity

Gold (XAU/USD) Slips Lower After Fed Powell’s Warning, UST 30-Year Bond Sale Flop

November 10, 2023

Via: DailyFX

Federal Reserve Chair Jerome Powell sent risk markets spinning lower, and bond yields higher after he said that the US central bank was not confident that the current monetary policy was restrictive enough to bring inflation down to target (2%). […]


Energy, Industries

Oil Sell-off Intensifies, Seeing the Commodity Trade Below a Key Level

November 8, 2023

Via: DailyFX

The American Petroleum Institute (API) reported a sizable rise in US crude stocks for the week ending 3 November. The inventory build has weighed on oil prices which have already suffered amid the prospect of a continued growth slowdown in […]


Finance Tech, Liquidity

EUR/USD Price Forecast: Euro Progresses as Markets Prep for NFP

November 2, 2023

Via: DailyFX

The euro pushed higher after disappointing Euro area data showed weak manufacturing PMI’s (see economic calendar below) continue to plague the region. The HCOB manufacturing PMI release slumped to 3-month lows and the 16th consecutive print below the 50 level […]


Finance Tech, Liquidity

AUD/USD Price Forecast: Aussie Dollar Bruised by Chinese PMI’s

October 31, 2023

Via: DailyFX

The Australian dollar is trading lower against the US dollar this morning after Chinese PMI’s disappointed (see economic calendar below). This slowdown in activity led to most soft commodities, precious and base metals to fall thus weighing negatively on the […]


Finance Tech, Trading

Bitcoin (BTC/USD) Technical Outlook: Golden Cross Pattern Fails to Inspire Higher Prices, What Next?

October 31, 2023

Via: DailyFX

Bitcoin prices have taken a bit of a breather since the expansive rally that broke above the $35k mark last week Tuesday. Since then, it appears to be a case of uncertainty and rangebound trade but Bitcoin remains underpinned by […]


News

Stock Market Today: Dow ends higher, but can’t escape 3rd monthly loss; Fed eyed

October 31, 2023

Via: Investing.com

The Dow closed higher Tuesday on the final day of trade for October, as investors digested a raft of corporate earnings, but stocks couldn’t avoid racking up a third-straight loss for the first time since March 2020. The Dow Jones […]


News

Gold, Oil Trajectories Lose Momentum Despite Threat of Escalation

October 27, 2023

Via: DailyFX

On Thursday night, tanks and troops crossed into Northern Gaza in what is expected to be preparations for a larger ground invasion. The Israeli Defence Force (IDF) said the ground raid was conducted to strike several military targets. The move […]


News

Oil Price Update: Demand Fears Outweigh Conflict Concerns

October 25, 2023

Via: DailyFX

Oil prices have broadly declined over the last three trading session with an accelerated move yesterday after European PMI data was released. Dire manufacturing and services data in Europe underscored the headwinds facing the European economy, raising concerns over future […]


Finance Tech, Trading

U.S. Stocks Sharply Lower On Alphabet Results, Surge By Treasury Yields

October 25, 2023

Via: Markets Insider

Stocks have moved sharply lower over the course of the trading session on Wednesday, more than offsetting the gains posted in the previous session. With the downward move, the Nasdaq and the S&P 500 have fallen to their lowest levels […]


News

Asian stocks dip on weak PMIs, China rebounds as state steps in

October 23, 2023

Via: Investing.com

Most Asian stocks extended recent losses on Tuesday following weak business activity readings from Japan and Australia, while Chinese markets rebounded from pre-pandemic lows as a state-run fund began snapping up some equities. Weak sentiment- amid persistent concerns over the […]


News

Stocks making the biggest moves after hours: Netflix, Tesla, Lam Research, Las Vegas Sands and more

October 18, 2023

Via: CNBC

Netflix — Shares of the streaming giant soared 12% after beating Wall Street’s expectations for profits in the third quarter. Netflix notched $3.73 per share on $8.54 billion in revenue while analysts polled by LSEG, formerly known as Refinitiv, forecast […]


News

China’s Q3 GDP grows 4.9% y/y, beats market forecast

October 17, 2023

Via: Investing.com

China’s economy grew at a faster-than-expected clip in the third quarter from a year earlier, official data showed on Wednesday, suggesting the recent recovery may carry enough steam to reach Beijing’s full-year growth target. Gross domestic product (GDP) grew 4.9% […]


Finance Tech, Trading

U.S. Stocks Give Back Ground After Disappointing Consumer Data

October 13, 2023

Via: Markets Insider

After an initial move to the upside, stocks have given back ground over the course of the trading session on Friday. The major averages have pulled back off their highs of the session, with the tech-heavy Nasdaq leading the way […]


Finance Tech, Liquidity

Crude Oil Gaps Lower as Stockpiles Build and Fed in Focus Ahead of US CPI. Lower WTI?

October 12, 2023

Via: DailyFX

Crude oil steadied in Asian trade today after tumbling overnight in the wake of a surge in stockpiles. The move lower unfolded despite favourable conditions for equities after more hawkish comments from Fed speakers. Data released overnight saw the American […]


Finance Tech, Trading

Bitcoin Faces Death Cross as XRP Fails to Capitalize on Appeal Ruling

October 10, 2023

Via: DailyFX

Bitcoin and Ripple have not enjoyed the best of weeks and for once this hasn’t had a lot to do with the Geopolitical situation in the middle east. There have been some developments particularly around ripple which are interesting but […]


News

Markets see higher odds the Fed plows ahead with rate hikes after the blowout September jobs report

October 6, 2023

Via: Markets Insider

After the red-hot September jobs report, markets are pricing in higher odds for the Federal Reserve to hike interest rates at the November meeting. The Labor Department reported Friday that the economy added 336,000 new jobs, above consensus estimates for […]