The forex markets are experiencing a lull today, with little movement in the absence of significant economic releases during European and early US sessions. The much-discussed non-farm payroll revision and the release of FOMC minutes later today are unlikely to spark significant volatility. Instead, markets are likely to remain subdued until tomorrow’s PMI data from
Month: August 2024
Amazon needs to make more money from its retail business at a time when the bar is already high and short-attention-span consumers are looking for bigger and better bargains. Starting in 2025, “the retail business has big shoes to fill from [Amazon Web Services],” research firm MoffettNathanson wrote in a Wednesday note to investors. The
AUD/USD experienced a slight drop, adjusting to 0.67466 on Wednesday. The persistent hawkish views of the RBA keep backing the Aussie versus its peers. Dovish bets on the Fed weaken the USD. On Wednesday, the AUD/USD is seeing a slight decline as traders digest the nearly 2% rally from the last sessions. The discourse on
Solana (SOL) price prediction: Bullish vs. bearish scenarios for the future value of SOL The Solana (SOL) cryptocurrency has been one of the most talked-about assets in the crypto space, known for its high-performance blockchain and a surge in market value in recent years. As someone who has actively traded Solana since its early days,
We’ve been spared from summer doldrums in financial markets this year but early next week could be something of a dud, particularly until Jackson Hole begins. Monday kicks off with Fed’s Waller speaking at 09:15 am ET but that will be all for the day. Tuesday features speeches from the Fed’s Bostic and Barr but
Luke Sharrett/Bloomberg via Getty Images Egg prices are climbing, placing the household staple back in the spotlight as consumers stay concerned not only about inflation but the absolute level of prices. July marked a third straight month that egg prices rose on an annual basis, a reversal from a year of relative decreases. The culprit
Crude oil, also known as black gold, is extracted and refined into various useful products such as gasoline, jet fuel, and many other petroleum products. It is a crucial raw material used in various industries, including transportation, chemicals, and manufacturing. West Texas Intermediate (WTI) and Brent Crude are the primary types of crude oil that
The past few weeks highlighted the volatility of global financial markets and how quickly investor sentiment can shift. The sharp selloff in US markets, driven by fears of an impending recession, now appears significantly overdone in light of last week’s robust rebound. Strong retail sales data was a key factor in this turnaround, showing that
Palo Alto Networks stock has been on a tear into Monday’s fourth-quarter earnings report, entering Friday’s session up nearly 17% since Aug. 5 compared to a roughly 7% gain for the S & P 500 . Translation: Investor expectations of the cybersecurity leader are high. Is this the quarter the company gets back to beating
AUD/USD shows an increase, climbing to 0.6950. RBA’s Bullock was on the wires and maintained its hawkish stance. A weaker USD also benefited the Aussie. The AUD/USD pair experienced an increase of 0.40% during Friday’s session, settling near 0.6950. Mixed sentiment data from the United States combined with the words of Reserve Bank of Australia’s
The major US indices got a boost from lower-than-expected PPI data. Tomorrow the CPI will be released. The PPI data does not necessarily translate into the CPI, but there is some crossover to the PCE data that will be released later this month. Tomorrow, CPI is expected to show a 0.2% gain after a -0.1%
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Product prices as seen at Walmart. Courtesy: Walmart The news Tuesday was good for inflation, and investors hope it will get even better Wednesday when the Labor Department releases the July consumer price index report. With the score being one down, one to go on confirming that the early-year jump in prices either was a
Gold October futures contracts at MCX opened flat today at Rs 70,679 per 10 gram, which is down by 0.08% or Rs 59 while silver September futures contracts were trading at Rs 81,237/kg, down by 0.47% or Rs 387. The prices of gold have gained Rs 800/10 gm while silver has gained Rs 700 per
Dollar weakens broadly in early US session after July’s PPI came in lower than expected, signaling easing in inflationary pressures. This development was well-received by investors, with stock futures ticking up slightly and 10-year Treasury yield dipping in response. While the softer PPI readings provide some relief to those hoping for monetary easing from Fed,
Source: HelloFresh Shares of German meal kit firm HelloFresh jumped on Tuesday after the company reported a better-than-expected profit in the second quarter and said its ready-to-eat meals segment saw rapid growth. HelloFresh shares climbed as much as 20% during morning trade, but had pared gains to rise 11% to 5.90 euros ($6.44) as of
NZD/USD rises further, bullish momentum accelerates. RSI remains in positive territory, MACD shows rising bullish momentum. The 0.6100 zone (200-day SMA) resistance is in focus, break above could extend gains. In Tuesday’s session, the NZD/USD pair rose by 0.92% to 0.6090, continuing the bullish trend seen in recent sessions. The technical indicators suggest that the
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