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USD/JPY Drifts Higher, Will the BoJ Announce Bond Tapering at Friday’s Policy Meeting?
USD/JPY Drifts Higher, Will the BoJ Announce Bond Tapering at Friday’s Policy Meeting?
Jun 11, 2024
USD/JPY Analysis and Charts Japanese Yen Prices, Charts, and Analysis The Bank of Japan may announce that it is cutting back its bond purchases.USD/JPY traders will also need to follow US data and Wednesday’s FOMC meeting. Recommended by Nick Cawley Get Your Free JPY Forecast With the USD/JPY exchange rate approaching levels that could cause concern for Japanese authorities, there...
Gold and Silver Struggling to Push Higher, UST 2Yr Yields Remain Elevated
Gold and Silver Struggling to Push Higher, UST 2Yr Yields Remain Elevated
Jun 10, 2024
Gold and Silver Analysis and Charts First Fed rate cut priced-in at the December meeting.Gold nudges higher but the move looks tepid.Silver now running into resistance. Recommended by Nick Cawley Get Your Free Gold Forecast US rate cut expectations are being pushed back further after Friday’s forecast-beating NFPs showed the US labor market in robust health. The first 25 basis...
Aussie resumes losses after grim data
Aussie resumes losses after grim data
Jun 11, 2024
The Australian dollar resumed its losses in Asian trade on Tuesday against a basket of major rivals, approaching five-week lows against its US counterpart following grim data A stream of weak Australian dollar underpinned hopes of early RBA interest rate cuts this year, in turn harming the Aussies standing. The Price The AUD/USD pair fell 0.3% today to 0.6591, with...
FOMC Preview: Dot Plot to Reveal Fewer Rate Cuts in 2024
FOMC Preview: Dot Plot to Reveal Fewer Rate Cuts in 2024
Jun 11, 2024
FOMC Decides Rate Outlook: FOMC almost certain to leave rates unchanged in light of stubborn inflation, robust jobsSummary of economic projections likely to validate market perceptions of a delayed first rate cutA hawkish Fed message may extend the dollars recent ascent but the inflation data may complicate matters in the lead up Fed to Stay the Course and Delay Timing...
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Sector Update: Health Care
Sector Update: Health Care
Jul 2, 2024
08:57 AM EDT, 07/02/2024 (MT Newswires) -- Health care stocks were retreating premarket Tuesday with the Health Care Select Sector SPDR Fund (XLV) down 0.6% and iShares Biotechnology ETF (IBB) 0.5% lower recently. Ardelyx ( ARDX ) shares were down over 18% after the company said it decided against seeking to include its phosphate absorption inhibitor, Xphozah, in the Centers...
Powell Speech in Focus as US Equity Futures Decline Pre-Bell
Powell Speech in Focus as US Equity Futures Decline Pre-Bell
Jul 2, 2024
08:10 AM EDT, 07/02/2024 (MT Newswires) -- US equity futures were lower Tuesday as traders looked ahead to a speech from Federal Reserve Chair Jerome Powell for insights into the country's economy and inflation. Dow Jones Industrial Average futures fell 0.4%, S&P 500 futures declined 0.5%, and Nasdaq futures were down 0.6%. Powell is scheduled to speak before the European...
Social Buzz: Wallstreetbets Stocks Mostly Lower Premarket Tuesday; Tesla, Nvidia to Decline
Social Buzz: Wallstreetbets Stocks Mostly Lower Premarket Tuesday; Tesla, Nvidia to Decline
Jul 2, 2024
06:44 AM EDT, 07/02/2024 (MT Newswires) -- The most-talked-about stocks in the Reddit subforum Wallstreetbets were mostly lower hours before Tuesday's opening bell. Tesla (TSLA) fell by 1.5% in premarket activity, offsetting a portion of its 6.1% increase from the previous session. Nvidia ( NVDA ) declined 1.2% hours before market open, swinging from a 0.6% increase at Monday's close....
Futures slip as megacaps retreat with jobs data, Powell in focus
Futures slip as megacaps retreat with jobs data, Powell in focus
Jul 2, 2024
By Ankika Biswas and Lisa Pauline Mattackal (Reuters) -U.S. stock index futures fell on Tuesday as megacap stocks retreated after a strong session, with additional caution creeping in ahead of jobs opening data and comments from Federal Reserve Chairman Jerome Powell later in the day. Megacap tech stocks Microsoft , Apple and Amazon.com all slipped about 0.4% in premarket trading,...
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This Is What Whales Are Betting On ServiceNow
This Is What Whales Are Betting On ServiceNow
Jul 26, 2024
Whales with a lot of money to spend have taken a noticeably bullish stance on ServiceNow ( NOW ). Looking at options history for ServiceNow ( NOW ) we detected 20 trades. If we consider the specifics of each trade, it is accurate to state that 40% of the investors opened trades with bullish expectations and 40% with bearish. From...
Microsoft's LinkedIn settles lawsuit claiming it overcharged advertisers
Microsoft's LinkedIn settles lawsuit claiming it overcharged advertisers
Jul 26, 2024
July 26 (Reuters) - LinkedIn agreed to pay $6.625 million to settle a proposed class action accusing the Microsoft ( MSFT ) unit of overcharging advertisers by inflating how many people watched video ads on its platform. A preliminary settlement was filed late Thursday in San Jose, California federal court, and requires approval by U.S. Magistrate Judge Susan van Keulen...
ASML Holding's Options: A Look at What the Big Money is Thinking
ASML Holding's Options: A Look at What the Big Money is Thinking
Jul 26, 2024
Whales with a lot of money to spend have taken a noticeably bearish stance on ASML Holding ( ASML ). Looking at options history for ASML Holding ( ASML ) we detected 10 trades. If we consider the specifics of each trade, it is accurate to state that 10% of the investors opened trades with bullish expectations and 70% with...
Demystifying BILL Holdings: Insights From 12 Analyst Reviews
Demystifying BILL Holdings: Insights From 12 Analyst Reviews
Jul 26, 2024
BILL Holdings ( BILL ) underwent analysis by 12 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish. The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 6...
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All These Central Banks May Cut Rates Soon: Bitcoin (BTC) Price to $100K?
All These Central Banks May Cut Rates Soon: Bitcoin (BTC) Price to $100K?
Sep 17, 2024
Typically, a greater flow of new dollars to target lower interest rates inflates the prices of equities and fixed-income bonds. Since the advent of cryptocurrencies, financial markets have found that this new asset class is especially responsive to interest rates and bears an inverse correlation to them. Correlation Spotted: Bitcoin and Interest Rates A recent report from the Fidelity Active...
Bitcoin (BTC) Price Predictions: Big Bull Run or a Depressing Bear Market Ahead?
Bitcoin (BTC) Price Predictions: Big Bull Run or a Depressing Bear Market Ahead?
Sep 17, 2024
TL;DR Bitcoin shows signs of a potential rally, with some analysts predicting a jump to a new all-time high. Conversely, increased exchange inflows suggest possible short-term selling pressure. Good News for the Bulls? Bitcoins price witnessed enhanced ups and downs in the past week, ranging from $56,000 to over $60,500. Currently, it trades at around $59,200, representing a 1% increase...
Bitcoin (BTC) Soared to 3
Bitcoin (BTC) Soared to 3
Sep 17, 2024
Bitcoin dumped hard on Monday but the bulls are back in control now as they propelled a massive rally that resulted in BTC tapping a 3-week peak above $61,000. This comes at a particularly intriguing time as the US Federal Reserve is expected to cut the key interest rates tomorrow or the next day for the first time in years....
Important Deadline for Pi Network Users: Here’s What You Need to Know
Important Deadline for Pi Network Users: Here’s What You Need to Know
Sep 17, 2024
TL;DR Pi Network set a deadline of September 30, 2024, for users to complete KYC verification and for miners to deposit their NFTs on PiBridge. The Pi Core Team plans to reveal the mainnet open roadmap in December 2024, aiming to enable official token transactions. Closing Time in Less Than Two Weeks Pi Network is a cryptocurrency project whose goal...
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