Category Archive: Finance
EUR/USD Price Analysis: ECB’s Less Dovish Remarks Boost Euro
The EUR/USD price analysis shows bullish momentum as the euro gains strength on moderately less dovish ECB policy remarks. At the same time, the dollar is set for its worst week in two months, with all eyes on the upcoming US employment report.On Friday, ECB policymaker Yannis Stournaras said there might only be three ECB […]
Weaker US Jobs Numbers Boost Expectations Of A September Rate Cut
Job creation was weaker, unemployment higher and wage growth more subdued than expected in the April employment report. With Fed Chair Powell leaning dovish at Wednesday’s press conference this has breathed new life into Federal Reserve interest rate cut calls. 175,000 The number of jobs added in the US economy in April Lower than expected […]
Starbucks Earnings Warn Of Belt Tightening
Starbucks latest earnings report sends the message that consumers may finally be retrenching after a few years of spending above their means. Cheap luxury items are low in price by definition and include items that we do not necessarily need but are nice to have. When consumers have confidence in the economy and their jobs, […]
2 Major Regional Banks To Buy On High Rates, Economic Growth
The Zacks Major Regional Banks will benefit from high rates as net interest income (NII) continues to witness a marginal rise despite increasing funding costs impeding net interest margin (NIM) expansion. Solid economic growth and modest loan demand will also support banks’ financials in the near term.Business restructuring/expansion initiatives and digitization will offer support. Though weakening asset […]
Mixed Bag Proposition
S&P 500 didn‘t continue with the dump phase after Powell‘s conference, and also ignored data pointing to tight labor market and persisting inflation pressures. Both the 2y and 10y Treasuries rose while odds of a Sep rate cut again suprassed odds of no cut. The dollar also retreated after biting badly Tuesday, resulting in quite […]
Hershey Company’s Strong Q1 Beats Forecasts: Consolidated Net Sales Surged By 8.9%
The Hershey Company’s Q1 results for 2024 showcase its robust performance and strategic initiatives, with consolidated net sales increasing by 8.9%.The Hershey Company (HSY) has once again demonstrated its resilience and strategic prowess in the face of fluctuating market conditions, as evidenced by its latest financial results for the first quarter ended March 31, 2024. Hershey’s consolidated […]
XAUUSD Commodity Elliott Wave Technical Analysis
Gold Elliott Wave Analysis Function – Trend Mode – Impulse Structure – Impulse wave Position -Wave 4 Direction – Wave 5 Details – Wave 5 still struggles around the Fibonacci support zone. A diagonal seems to be developing for blue wave ‘c’ of 4. Still needs a sharp break out of the diagonal for wave 5 […]
XRP Market Cap Is Poised To Hit $2.61 Trillion Hints Top Crypto Analyst
The post XRP Market Cap Is Poised To Hit $2.61 Trillion Hints Top Crypto Analyst appeared first on Coinpedia Fintech NewsIn a recent tweet that has sparked excitement among XRP enthusiasts, well-known crypto analyst EGRAG CRYPTO hinted at an upcoming market movement for XRP, referring to it as the “3rd Kaboom.” EGRAG CRYPTO’s analysis suggests a significant breakthrough […]
The British Index Has Updated The Historical Maximum. Oil Lost 5% Over The Week
At the end of Thursday, the Dow Jones Index (US30) rose by 0.85%, and the S&P 500 Index (US500) rose by 0.91%. The NASDAQ Technology Index (US100) closed negative 0.33%. Optimism about the economic outlook is supporting stocks. Stocks have also received support since Wednesday when Fed Chair Powell said the Fed’s next move is unlikely to be an interest rate hike. […]
The Commodities Feed – European Gas Rallies
European natural gas prices rallied yesterday despite comfortable storage and a bearish outlook. The move higher in crude oil was more modest, after several bearish developments over the week. Energy – TTF back above EUR30The oil market was little changed yesterday. ICE Brent continues to trade below US$84/bbl after settling 0.28% higher yesterday. It has been […]
