Category Archive: Finance, No picture
AUD/USD Trades Sideways Slightly Above 0.6200 As US PCE Inflation Takes Centre Stage
The AUD/USD pair trades inside Thursday’s trading range slightly above the two-year low of 0.6200 near 0.6230. The Aussie pair exhibits volatility contraction, with investors focusing on the United States (US) Personal Consumption Expenditure Price Index (PCE) data for November, which will be published at 13:30 GMT.The US Dollar Index (DXY), which tracks the Greenback’s value against six […]
FedEx Freight Valuation Projected Between $30-35 Billion Post-Spinoff
Image Source: Unsplash FedEx (NYSE: FDX) has announced a significant strategic move by deciding to spin off its freight truckload segment. This decision is expected to enhance the company’s focus on its core operations while addressing existing challenges within the shipping industry.The separation is projected to conclude within 18 months, marking a pivotal shift for the shipping […]
Time For A Stock Market Bounce
Image Source: Unsplash There has been a ton of selling over the last two days in the stock market and may feel like we are at just the beginning of a prolonged stock market sell-off, but I would argue we may be at the end of the selling for stocks – at least for now.Video Length: […]
Still No New Highs For Gold Since 1980
Image Source: Unsplash All-time Highs For GoldThe intra-day high for spot gold in 2024 is $2785 oz. That is an increase of 34% over its closing price of $2062 oz at the end of 2023. Indeed, gold holders are happy campers and their confidence and trust is emboldened and confirmed.As the gold price continued to climb […]
The Commodities Feed: Stronger USD Prompts Oil Sell-Off
Image Source: Unsplash Crude oil extended its fall in the early trading session today as broader market concerns have weighed on the complex, while a stronger dollar has also added further pressure. Meanwhile, the above-normal inventory draw keeps pushing US natural gas higher. Energy – WTI settles below $70/bblCrude oil prices edged lower with NYMEX WTI […]
US Bitcoin ETFs see historic outflows as brutal sell-off shakes crypto markets
Key Takeaways US Bitcoin ETFs experienced historic outflows with investors withdrawing $672 million in a day. Fidelity’s Bitcoin Fund led the outflows, followed by Grayscale and ARK Invest ETFs. Share this article US spot Bitcoin ETFs experienced their largest single-day outflow on record, with investors withdrawing approximately $672 million on Thursday amid a broad crypto […]
The Uniform Comes Off
Image Source: UnsplashIt’s honestly very cool to see sanity leak into the market.Take Cintas (CTAS) for instance. I could never understand why a manufacturer of uniforms – – UNIFORMS!!! – – like nurses and cops wear! – – would have a chart like this.In a matter of days, a full 20% of the company’s value is gone. I imagine there’s VASTLY more reductions forthcoming.More By This Author:Novo Nordisk […]
WTI Moves Below 69.00, Further Downside Seems Possible Due To Stronger US Dollar
Image Source: Unsplash WTI price, denominated in dollars, moves for a weekly decline due to a stronger US Dollar. Crude Oil prices struggle as central banks emphasize the need for caution regarding additional rate cuts. J.P. Morgan analysts projected that Oil supply will exceed demand by 1.2 million barrels per day next year. West Texas Intermediate […]
European Homeowners Decide With Their Wallets When It Comes To Energy-Efficient Renovation
Image Source: UnsplashThe building sector is crucial for the green transition, accounting for about a third of Europe’s energy-related emissions in 2022. Our survey in six European countries found that while many homeowners have taken steps to improve energy efficiency, financial concerns are the main barrier to further renovation. Building sector needs to play big role in […]
The Stock Market Struggles May Only Grow Worse
Image Source: UnsplashThe Dow broke its 10-day losing streak today; however, the bad news is it only finished the day up 0.04%. So, while the streak was broken, it was just barely.Meanwhile, the S&P 500 ended the day essentially flat. It was up about 70 to 80 basis points earlier in the day, but those gains […]
