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…
Britain will decide on its next Prime Minister in September. A new Prime Minister will adopt a different policy affecting pound futures. The BoE warned of a looming recession in the UK. The battle for the position of the prime minister of Britain is entering its last stretch, and the decision in September will likely Read More…
Investors await US jobs data for clues on Fed’s monetary policy. S&P 500 suffered losses in oil stocks as oil prices fell. On the charts, a retest of the 50-SMA could be a possibility as bulls show weakness. The E-mini S&P 500 (ES) futures price remains range-bound ahead of the key US jobs data release. Read More…
Gold is expected to average $1,745 per ounce in 2023. The real yield on US 10-year bonds turns positive. Fed officials maintain a more hawkish stance. The outlook for gold (GC) futures is slightly bearish as the US dollar pushes higher. As a result of high-interest rates and a strong US currency, gold will average Read More…
Crude oil futures trading sideways ahead of the OPEC+ meeting. The demand for crude oil decreases amid a poor global economy. The crude oil price is technically within a pennant, looking for a bearish breakout. Following a drop of 1% in the previous trading session, crude oil (CL) futures prices were flat on Wednesday ahead Read More…
Nasdaq futures struggle to break the 13000 mark. Escalating US-China trade tension shrinks investors’ risk sentiment. Further Fed tightening may also weigh on the Nasdaq. On Monday, the E-mini Nasdaq 100 (NQ) futures struggled to break through the 13,000 mark. Stock futures fell Tuesday morning amid rising tensions between the U.S. and China ahead of Read More…
A lower-than-expected German retail sales report erases intraday gains for 6E. Bulls are not convinced with recent hawkish Fed statements amid a stable Eurozone GDP. US dollar bearishness paused amid a sluggish session due to Eurozone recession risks and China-US skirmishes. Intraday trading may be fueled by Eurozone Manufacturing PMI and Unemployment Rate Reports. A Read More…
US dollar weakens after FOMC meeting. Risk sentiment remains positive amid a better-than-expected earnings report. Crude oil inventories significantly drop. Today’s crude oil (CL) futures price analysis is bullish as investors are willing to take risks. Crude stocks went down, and gasoline demand in the US increased, which helped prices rally today. “Risk sentiment has Read More…
Microsoft forecasts strong revenue growth. Google posts positive results showing the company may survive a recession. Investors are expecting the Federal Reserve to raise rates by 75 basis points. The E-mini Nasdaq 100 (NQ) futures outlook remains bullish on Wednesday in the wake of positive risk sentiment. While investors were on edge ahead of a Read More…
