As oil stocks rise, Wall Street is turning away from big tech
As oil stocks rise, Wall Street is turning away from big tech On Wall Street, big tech stocks were all the rage, with speculators buying them up to absurdly high levels. For example, the legendary quintuple of Facebook (now Meta), Amazon, Apple, Netflix, and Google (now Alphabet) took up about a fifth of the S&P […]
Global stock markets are falling as inflation and economic concerns remain
Global stock markets are falling as inflation and economic concerns remain On Thursday, global shares slumped to an 18-month low, as investors worried that rising inflation would endure, forcing central banks to continue tightening monetary policy. Stocks in the United States closed a choppy session marginally down, as investors juggled concerns over lingering inflation with […]
Gold drops as investors consider US Inflation data
Gold drops as investors consider US Inflation data In Asia on Thursday morning, gold was down. Investors are analyzing the US consumer price index (CPI), which showed that inflation is still strong but has peaked in April, alleviating fears about the Federal Reserve raising interest rates more aggressively. By 11:12 p.m. ET, gold futures had […]
NASDAQ is down more than 3% as investors are disappointed by US inflation statistics
NASDAQ is down more than 3% as investors are disappointed by US inflation statistics After U.S. inflation statistics failed to ease investor concerns about interest rates and the economy, US equities closed substantially lower on Wednesday, with the NASDAQ plunging more than 3% and the Dow plummeting for the fifth day in a row. The […]
Gold rates are approaching their lowest in three months, while silver prices are also down
Gold rates are approaching their lowest in three months, while silver prices are also down Gold prices in plummeted to near three-month lows ahead of the release of monthly US inflation statistics, which experts believe would have an influence on the Federal Reserve’s monetary policy stance. Later in the day, at 6 p.m., the US […]
Dow falls for the fourth day in a row
Dow falls for the fourth day in a row On Tuesday, the market fluctuated between gains and losses as concerns about inflation, interest rates, and the economy weighed on investors. The NASDAQ Composite, which is heavily weighted in technology, was up 2.8 percent at one point. Stocks had virtually lost those gains by late morning, […]
Dollar rises as equity markets are jolted by nervousness
Dollar rises as equity markets are jolted by nervousness The dollar started the week on a solid note, bolstered by dramatically increasing US yields and investors’ flight to safety as Chinese lockdowns, conflict on the outskirts of Europe, and fear of higher interest rates pushed markets into a frenzy. In early trade, the US dollar […]
Markets rally after Powell downplays the possibility of any larger rate hikes
Markets rally after Powell downplays the possibility of any larger rate hikes The market – Dow Jones Industrial Average gained more than 900 points, and the S&P 500 gained the most in two years, as Federal Reserve Chair Jerome Powell downplayed the chance of an even greater interest rate hike after announcing the steepest rate […]
Gold falls as rates rise ahead of the Fed’s rate hike decision
Gold falls as rates rise ahead of the Fed’s rate hike decision Gold prices dropped on Wednesday as increased US Treasury rates and the Federal Reserve’s anticipated interest rate rise announcement dampened demand for zero-yield metal. As of 0217 GMT, spot gold was down 0.3 percent at $1,862.48 per ounce. Gold futures in the United […]
Wall Street falls as the Fed’s attention shifts, and 10-year Treasuries surpass 3%
Wall Street falls as the Fed’s attention shifts, and 10-year Treasuries surpass 3% Wall Street’s main indexes fell on Monday, giving up early gains in tragic trade, as investors became more cautious ahead of this week’s Federal Reserve meeting, when officials are largely anticipated to hike interest rates. In addition to the weakening in […]
Upcoming Market Updates
Upcoming Market Updates : AUD,JPY,CHF,EUR,USD Time 01:30 AM GMT+3 AUD: AIG Manufacturing Index, it measures level of a diffusion index based on surveyed manufacturers. Time 03:30 AM GMT+3 JYP: Final Manufacturing PMI, it measures level of a diffusion index based on surveyed purchasing managers in the manufacturing industry. Time 04:00 AM GMT+3 AUD: MI […]
Could eBay’s fortunes shift on a dime as a result of Amazon’s poor performance?
Could Amazon’s bad performance cause eBay’s stocks to turn on a dime? Amazon’s (AMZN) first-quarter earnings miss and weaker-than-expected second-quarter outlook, released after the market closed on Thursday, could present an attractive investment opportunity in another retailer. I’m looking at eBay (EBAY) in particular. AMZN shares were down roughly 8.5 percent and eBay’s stocks […]
Wall Street closes strongly higher, with Meta and Apple leading the way
Wall Street closes strongly higher, with Meta and Apple leading the way On Thursday, Wall Street finished substantially higher. Meta Platforms released a good quarterly report and growth sectors and easing concerns about the US economy’s first-quarter loss. The parent company of Facebook jumped 17.6% as the social network posted higher-than-expected earnings and returned from […]
Breaking: EUR/USD cracks 1.0500, hits the lowest
Breaking: EUR/USD cracks 1.0500, hits the lowest CAD: BOC Gov Macklem Speaks, As head of the central bank, which controls short term interest rates, he has more influence over the nation’s currency value than any other person. Traders scrutinize his public engagements as they are often used to drop subtle clues regarding future monetary policy. […]
EUR/JPY Price Prediction: Bulls need to break through the 200-EMA to move higher; 130.30 is the target
EUR/JPY Price Prediction: Bulls need to break through the 200-EMA to move higher; 130.30 is the target Despite the bearish opening gap on Monday, the EUR/JPY has been following the primary component of Dow Theory by remaining above Friday’s low of 128.73. The cross continues to form the higher high and higher low structure, but […]
Gold is near a two-month low due to a stronger dollar & the possibility of a rate hike in U.S.A
Gold is near a two-month low due to a stronger dollar & the possibility of a rate hike in U.S.A In Asia on Thursday morning, gold was down, hitting a two-month low. The yellow metal’s demand was harmed by a rising dollar and the prospect of a rate hike in the United States weakened […]
GBP/USD/EUR Beats 14-Year Trend Line Resistance At 127.10/50
GBP/USD/EUR Beats 14-Year Trend Line Resistance At 127.10/50 GBP/USD stays weighty, flexing against the 1.30 support level. The pair is set to stay under pressure while underneath 1.3150, Financial analysts report. Support at 1.2980-1.30 still looks firm, support at 1.2980-1.30 still looks firm. Note that the pair has bombed on different occasions at 1.2980-1.30 since […]
AUD/JPY hits a bit of an air pocket, dollar dragged as a result
AUD/JPY hits a bit of an air pocket, dollar dragged as a result JPY: Trade Balance, it measures difference in value between imported and exported goods during the reported month. AUD: MI Leading Index m/m, it measures change in the level of a composite index based on 9 economic indicators. JPY: Tertiary Industry Activity m/m, […]