August 2024 - Page 128 of 238 -

USD/CAD Rebounds Above 1.3700 On Lower Crude Oil Prices, Traders Await US Retail Sales Data

Aug 14, 2024 Jeremy Parkinson Finance 0

Photo by Michelle Spollen on Unsplash USD/CAD extends recovery 1.3715 in Thursday’s Asian session. The US CPI inflation dropped to 2.9% YoY in July from 3% in June, softer than expected. Lower crude oil prices weigh on the commodity-linked Canadian Dollar. The USD/CAD pair trades on a stronger note near 1.3715 on Thursday during the Asian trading hours. […]

Stocks Stall Following Weaker Headline CPI Report

Aug 14, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: UnsplashStocks were mostly flat to slightly up today, with the S&P 500 getting a boost in the last 10 minutes due to a big closing imbalance. Other than that, it was a pretty quiet day.The CPI (Consumer Price Index) report came out today and showed lower inflation than expected, which was in line with […]

Australian Dollar Edges Higher Following Moderate Jobs Figures

Aug 14, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash The Australian Dollar recovers daily losses after the release of the moderate jobs data. The commodity-linked AUD faced challenges as reduced demand and a surplus of commodities put pressure on market prices. The US Dollar experienced losses following a moderate Consumer Price Index data released on Wednesday. The Australian Dollar (AUD) appreciates following the […]

Asia Morning Bites For Thursday, Aug 15

Aug 14, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash Global Macro and Markets Global Markets: US Treasuries didn’t know what to make of yesterday’s CPI release, which was close to consensus. 2Y yields rose slightly (+2.6 basis points), while the yield on the 10Y fell (-0.8bp) to 3.835%. EURUSD pushed up through 1.10 and held the level, though it reached as high […]

USD/JPY Analysis: Sideways Movement And Key Levels To Watch

Aug 14, 2024 Jeremy Parkinson Finance 0

Image Source: PixabayThe USD/JPY pair has been trading sideways within a range of 145.42 and 148.22 for several days. This consolidation phase presents important trading opportunities as we look ahead. Current Market Dynamics As long as the support level at 145.42 holds, this sideways movement can be interpreted as a consolidation for the uptrend that began at 141.68. A breakout above the resistance […]

Gold Price Forecast: XAU/USD Trades With Mild Gains Near $2,450, Eyes On US Retail Sales

Aug 14, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash Gold price posts modest gains around $2,450 in Thursday’s early Asian session. The US CPI inflation rose as expected in July. Any signs of rising geopolitical tensions might lift safe-haven assets like Gold. Gold price (XAU/USD) edges higher to nearly $2,450, snapping the two-day losing streak during the early Asian session on Thursday. The […]

Nasdaq 100 & S&P 500 Elliott Wave Update – Wednesday, Aug 14

Aug 14, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: UnsplashNot much to add to current analysis for either the ES or the NQ. The markets continue to move higher within the context of a minuet “b” wave of a minute “b” wave. I again break down the patterns created and today took both markets down to their respective 5-minute charts. Still not as […]

Charted: The Surging Value Of The Magnificent Seven (2000-2024)

Aug 14, 2024 Jeremy Parkinson Finance 0

The Magnificent Seven are some of the largest companies in the U.S. stock market today, but things looked quite different back in 2000.At that time, Apple, Microsoft, Amazon, and Nvidia had a combined value of just $244 billion. Alphabet (Google) was still a private company, and Meta (Facebook) and Tesla weren’t even founded yet.In this […]

Will The Fed Cut Interest Rates By 0.25 Points Or 0.50 Points In September?

Aug 14, 2024 Jeremy Parkinson Finance 0

Image from CME Fedwatch, annotations by Mish.Market Expectation for September There is currently a 43.5 percent chance of a 50 basis point cut in September. The odds were 53.0 percent yesterday and 69.0 percent a week ago. Stage Set SillinessThe Wall Street Journal reports Cooling July Inflation Sets Stage for Fed’s September Rate CutI find that […]

Is The Carlyle Group’s Dividend As Dangerous As It Looks?

Aug 14, 2024 Jeremy Parkinson Finance 0

The Carlyle Group (Nasdaq: CG) is a massive investment firm with $435 billion in assets under management.It pays a $0.35 per share quarterly dividend, which gives the stock a yield of 3.5%.The company has a stellar reputation as an investment manager… but how trustworthy is its dividend?As always, we’ll start by looking at cash flow. The […]