Gold consolidating ahead of Fed Minutes Dollar weakness could fuel a short-term rally in the yellow metal It remains to be seen if the key support level at $1780 will hold Today, Wednesday, August 17, the federal reserve will comment on their view of the economy and how they will approach fiscal policy for the Read More…
Corporate America reports better-than-expected earnings, boosting stock prices. Markets are pricing a lower Federal Reserve target rate. Investors are neutral, pending the FOMC meeting minutes. Tuesday saw a slight decline in US stocks due to slightly downbeat Walmart and Home Depot reports. Meanwhile, investors are cautious due to signals of a weakening global economy. The Read More…
Investors are optimistic that the Fed will achieve its inflation target without hurting the economy. Prices are climbing as investors await retail earnings from the US. Markets barely reacted to China’s poor economic data. The E-mini S&P 500 (ES) futures went up as mega-cap growth shares extended the market’s recent rally amid investor optimism that Read More…
Investors keen on the Fed minutes on Wednesday at 13:00 CT The E-mini Nasdaq (NQ) futures is up 23% from the June 16 lows Bulls seem to be in control, with $14, 200 as the target Since the Nasdaq made its lows on June 16th, we have seen a strong move to the upside with Read More…
Crude Prices continue to fall with a multi-year trend line broken to the downside The next support level to watch is $87.61 Inventory Report will be the main focus for Investors on Wednesday Crude Oil has traded down since our last technical analysis overview of the commodity with prices now at $85.47 per barrel. Once Read More…
The Bank of England (BoE) might push the UK economy into a depression with rising interest rates. According to a Reuters poll, the Bank of England will raise borrowing costs by a further 50 basis points (bps) starting next month before reducing the rate to a more typical 25 bps increase in November and then Read More…
Gold prices on the rise due to dollar weakness. The yellow metal might go higher still if the Federal Reserve becomes less hawkish. The Fed’s Daly is open to a more significant rate hike than the expected 50bps. Broader dollar weakness has left the bullion on course for its fourth consecutive weekly gain. US gold Read More…
Last week saw an uptick in US gasoline consumption. US oil refiners and pipeline operators forecast higher energy demand in the second half of 2022. Russia resumes oil supply to Europe via the Druzhba pipeline. Investors flocked to riskier assets in response to lower-than-expected US inflation statistics and promising news on US gasoline consumption. According Read More…
Micron, Novavax, and Upstart warn investors of poor future earnings. Investors are waiting to see if US inflation has peaked. Rising bond yields cause the decline of growth stocks pushing stock futures lower. Micron, Novavax, and Upstart have warned investors that future earnings and revenue will be lower than anticipated. The S&P 500 dropped by Read More…
Markets expect the Federal Reserve to take action against rising inflation. Nvidia expects a 19% drop in Q2 revenue. Tesla shares rose 0.8% after announcing contracts worth around $5 billion. Wall Street ended Monday’s trading day unchanged after last week’s massive jobs report confirmed expectations that the Federal Reserve will take action against inflation. Stock Read More…
