March 2024 - Page 79 of 200 -

Gold Analysis: Record Highs Amid US Rate Cut Signals

Mar 21, 2024 Jeremy Parkinson Finance 0

The easing of signals for future US interest rate hikes and the subsequent decline in the US dollar were a strong catalyst for gold prices to move towards new record levels. It reached the resistance level of $2222 per ounce, the highest ever, before stabilizing around $2203 per ounce at the start of Thursday’s trading […]

BoE, Federal Reserve Keep Interest Rates Steady Amid Inflation Watch

Mar 21, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Pexels After today’s announcement by the Bank of England to hold key rates steady, both the BoE and the Federal Reserve have decided to maintain their current rates, with the BoE holding steady at 5.25% and the Fed keeping its benchmark rate in the range of 5.25% to 5.5%. This decision comes as both central […]

EUR/USD Plunges Following Fed’s Decision On Interest Rate Cuts

Mar 21, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay The EUR/USD pair soared to a weekly high of 1.0933 on Thursday following the Federal Reserve System’s announcement of three interest rate cuts planned for 2024. These adjustments will reduce borrowing costs by 75 basis points.The interest rate remains at 5.5% annually, its highest in 23 years, and has been unchanged for five […]

Fed Dot Plot Projections Point To Stronger Growth And Rate Cuts

Mar 21, 2024 Jeremy Parkinson Finance 0

The last release of the Fed’s quarterly Summary of Economic Projections, aka dot plots, was in December. At the time, the median 2024 GDP projection of the 19 Fed members was a relatively slow 1.4% growth. Further, they expected PCE prices to decline to 2.4% by year-end. Both estimates were slightly lower than their September […]

S&P 500’s Post-Fed Rally – Will It Last?

Mar 21, 2024 Jeremy Parkinson Finance 0

Stock prices reached new record highs, but is there any gas left?Yesterday’s FOMC Rate Decision release has been a game-changer for the stock market, at least for the short-term. The S&P 500 index has reached a new record high at the level of 5,226.19, gaining 0.89% and breaking a two-week-long trading range.This morning, the S&P […]

Bank Of England Sticks To The Script And Keeps Rates On Hold

Mar 21, 2024 Jeremy Parkinson Finance 0

The Bank of England has been careful not to endorse the idea of a near-term rate cut in its latest policy statement. We think it will want to see April and May’s inflation data before doing anything, and that pitches June as the earliest date for the first rate cut. We’re sticking to our call […]

A Swiss Surprise, Micron’s Outlook, Flash PMI Data Ahead

Mar 21, 2024 Jeremy Parkinson Finance 0

Image source: Pixabay US equity futures point to a vibrant market open later this morning. Those futures are being lifted by the market seeing the Fed’s updated economic projections still calling for three rate cuts this year as well as Micron’s (MU) beat and raise earnings report last night. A potential deal to fund the US […]

Tencent Releases Fourth Quarter And Full-year Financial Report For 2023

Mar 21, 2024 Jeremy Parkinson Finance 0

According to the financial report, Tencent’s revenue in the quarter reached 155.196 billion yuan, a year-on-year increase of 7%. As one of the company’s core business segments, Tencent’s gaming business achieved revenue of 179.9 billion yuan in 2023, a year-on-year increase of 5.4%.Image via EqualOceanAmong them, the proportion of international market revenue in total revenue increased […]

AI Will Fundamentally Transform The Job Market – The Risk Of Mass Unemployment Is Low

Mar 21, 2024 Jeremy Parkinson Finance, No picture 0

AI has the potential to radically transform the labor market, impacting workers of all skill levels in a wide variety of companies and sectors. Some jobs will inevitably become obsolete. Yet we don’t expect AI to lead to mass unemployment. Unsplash The rise of AI has sparked intense debate about the impact it could have on the […]

Bitcoin Commentary – Thursday, March 21

Mar 21, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Pexels BTC Bounces Post-FedFollowing a sharp correction lower after breaking out to fresh highs last week, BTC futures bounced off lows yesterday and have now recovered around 50% of recent losses. The driver behind the move was the drop we saw in the US Dollar in response to the March FOMC. The Fed stuck […]