Category Archive: Finance, No picture
September 2024 Snapshot Of Who Owns The U.S. National Debt
The U.S. national debt is a truly large number. With the nation’s total public debt outstanding of $35,464,673,929,171.69 as of the end of its fiscal year on 30 September 2024, the U.S. government is truly indebted to its major creditors.During FY 2024, the U.S. national debt increased by $2.3 billion, or 6.9%, to reach that number. The […]
USD/CHF Depreciates To Near 0.8650, Downside Risk Seems Restrained Due To Higher US Yields
USD/CHF offers its gains from the previous session, trading around 0.8650 during the early European hours on Tuesday. This downside of the pair could be limited as the US Dollar (USD) gained support following a surge in US Treasury yields, which climbed over 2% on Monday. At the time of writing, the 2-year and 10-year US Treasury […]
Polish GDP Expected To Weaken As September Retail Sales Slump
Image Source: Pexels While we had expected third-quarter GDP growth to moderate below 3% year-on-year, from 3.2% in the second quarter, the decline in retail sales in September points to an even weaker economic performance. We revise our third quarter GDP growth forecast to 2.5%YoY (from 2.8%) and see downside risks to the 2024 economic growth […]
Crude Oil Prices Struggle To Break Out As China Demand Remains Sluggish
Image Source: Unsplash Oil prices ease on Tuesday as possible ceasefire talks in the Middle East dampen sentiments. Focus remain on oil demand in China even as the country tries to decarbonize its economy. Middle East conflict has led to no disruption of crude oil from the region so far. Crude oil prices eased Tuesday […]
General Motors Beats Expectations With $48.8B Revenue In Third Quarter
Image Source: Unsplash General Motors Co. (NYSE: GM) has reported a robust financial performance for the third quarter of 2024, showcasing significant growth in key financial metrics. The company announced a revenue of $48.8 billion, marking a 10.5% increase compared to the same period last year when the revenue was $44.1 billion. This growth can be attributed […]
Inflation Mathematics
Image Source: Pexels Two major labor unions, the Dock Workers Union and the Boeing Machinists Union, have attempted to reach an agreement with their employers on a contract. The dock workers agreement proposes an average 8.5% per year wage increase over six years, and the Boeing Machinists Union’s proposal is for an average 7.5% wage increase […]
USD/CAD Trades Sideways As BoC Policy Takes Centre Stage
The USD/CAD pair consolidates in a tight range above the round-level support of 1.3800 in Tuesday’s European session. The Loonie pair trades back and forth, with investors focusing on the Bank of Canada’s (BoC) interest rate decision, which will be announced on Wednesday.The BoC is expected to reduce its key borrowing rates by 50 basis points (bps) to 3.75%. This […]
FX Daily: More Signs Of Pre-Election Deleveraging
Image Source: Unsplash The dollar is finding more support at the start of this week as US Treasury yields jumped. While some hawkish Fedspeak has contributed to the move, we suspect we are seeing more signs of some deleveraging ahead of the closely contested US election in two weeks; a dynamic that we see supporting the dollar […]
3M Q3 Earnings Report Today: Will It Boost MMM Stock?
Image Source: Unsplash Analysts are projecting 3M’s earnings per share at $1.90. Mixed performance among peers suggests that 3M could face similar challenges. 3M has a history of surpassing earnings expectations. 3M (NYSE: MMM), the diversified industrial giant known for its wide range of products, including adhesives and personal protective equipment, is set to release […]
3 Imminent Breakouts Gold Investors Should Not Miss
Image Source: UnsplashGold and Silver broke out again late last week. Gold closed above $2700 last Thursday, and Silver followed Gold’s breakout with one of its own. Last Friday, Silver closed above $33, surpassing resistance at $32.50, which had held Silver since the middle of May. The breakout from a rough inverted head-and-shoulders continuation pattern projects to a […]
