June 2024 - Page 191 of 240 -

Taking Stock Of The Retail Sector After The Q1 Earnings Season

Jun 06, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: UnsplashThe market is starting to look ahead to the June-quarter earnings releases that will start coming out around mid-July. But it is useful to discuss some of the notable trends that we saw in the Q1 earnings season and how estimates for the current period (2024 Q2) are evolving.The Retail sector earnings results showed […]

EUR/USD Looks For Bullish Push Ahead Of Final EU GDP And US NFP Data Drops

Jun 06, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay EUR/USD bulls keep bids buoyed on Thursday, but technical ceiling remains. Broader markets looking ahead to Friday’s US NFP print. Fed rate cut hopes pin into September, ECB unlikely to bring a follow-up cut. EUR/USD pushed back into near-term highs on Thursday, easing below 1.0870 in early market action before recovering ground and […]

NFP: Time To Sit Tight And Sharpen Your Pencil

Jun 06, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: UnsplashMARKETSThe S&P 500 and Nasdaq Composite took a slight breather on Thursday, dipping just a tad as investors cashed in some profits and opted for a wait-and-see approach ahead of a critical labour market report. Having basked in the afterflow of record highs the previous day, traders decided it was time to sit tight and […]

GBP/USD Extends Upside Near 1.2800 Ahead Of US NFP Data

Jun 06, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay GBP/USD holds positive ground near 1.2795 in Friday’s early Asian session. Higher Fed rate cut bets weigh on the US Dollar and US bond yields. Investors expect the BoE to deliver two rate cuts this year. The GBP/USD pair trades in positive territory for the third consecutive day around 1.2795 during the early […]

Stocks And Precious Metals Charts – One Vast Vision Of Imbecility

Jun 06, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash Stocks paused in their meteoric rise higher.As a reminder, this is all leading up to the FOMC meeting next week, and expectations for a rate cut, or a signal that a rate cut will be forthcoming.The VIX drifted lower.The Dollar chopped sideways.Gold and silver rallied higher, with silver taking back all the ground it […]

Here’s The Backstory On Those Potential Fed Rate Cuts

Jun 06, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash Tiff Macklem and the Bank of Canada moved to cut overnight rates 25 basis points this week. Then, today, Christine Lagarde’s European Central Bank cut Eurozone rates 25 basis points.So now everyone and their mother wants to know if Jerome Powell and the Federal Reserve are going to follow suit – sometime soon.Fed […]

GME meme coin skyrockets 97% following RoaringKitty livestream announcement

Jun 06, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

The Solana-based meme coin GameStop (GME) skyrocketed 94% and is the largest gainer in the last 24 hours, according to data aggregator CoinGecko. The sharp rise was fueled by the notification of a livestream scheduled by notorious investor RoaringKitty, set to happen tomorrow at 16h (UTC). For the past seven days, GME growth has surpassed […]

Money In The Midstream

Jun 06, 2024 Jeremy Parkinson Finance 0

Photo by American Public Power Association on Unsplash “Off-the-charts-whacky” is how one analyst described it…Back in 2020, with much of the world on lockdown, demand for energy commodities disappeared virtually overnight.You might remember what happened next.Steady supply meeting disappearing demand had a predictable consequence. In February of that year, one barrel of WTI crude traded for nearly $53. […]

Is The Stock Market Recession Proof?

Jun 06, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay Discover the hidden truths behind the stock market’s resilience, inflation’s real impact, and the disruptive power of AI and meme stocks.Join Andrew Brill as he interviews Phil Rosen, co-founder and editor of Opening Bell Daily. Phil is a seasoned financial reporter with experience working with Business Insider, Inc, and other financial outlets.In this […]

DocuSign Q1 Earnings Top Estimates: Guidance Fails To Impress

Jun 06, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash DocuSign Inc (Nasdaq: DOCU) just came in ahead of Street estimates for its first financial quarter. Shares of the software company are still slipping in extended hours. DocuSign stock sinks on downbeat guidance The stock is being hit primarily because the guidance did not particularly impress. DOCU now forecasts revenue to fall between […]