Category Archive: Finance, No picture
AUD/USD Stable At 0.6608 Despite Bearish Market Sentiment
Image Source: Unsplash AUD Decline: The Australian Dollar fell over 0.50% against the US Dollar due to high US Treasury yields and weak bond auction demand. Market Sentiment: Negative sentiment was driven by hawkish remarks from Minneapolis Fed President Neel Kashkari and mixed US economic data. Technical Indicators: AUD/USD faces potential pullback; key support levels at 0.6558/59 […]
Softs Report – Thursday, May 30
Photo by Karl Wiggers on Unsplash CottonGeneral Comments: Cotton was lower yesterday on a stronger US Dollar that hurt new demand ideas. USDA said that 60% of the US crop was rated good to excellent on Tuesday afternoon. The weekly export sales report showed much improved sales last week. Wire reports indicate that speculators were […]
Should I Be Worried? Stock Market (And Sentiment Results)…
Image Source: Unsplash Yesterday I joined Neil Cavuto on “Cavuto Coast to Coast” – Fox Business. Thanks to Neil and Jenna DeThomasis for having me on. In this segment we discussed Markets, the Fed, the American Consumer, Inflation and a lot more. You can watch here:Video Length: 00:03:18The beauty and fun of live TV is that you have […]
Salesforce Guidance Falls Short Of Expectations, Stock Plummets
Image Source: Pexels Salesforce (NYSE: CRM), a leading customer relationship management software provider, reported its first-quarter earnings for fiscal year 2025 after market close on Wednesday. The company’s revenue came in at $9.13 billion, representing an 11% year-over-year increase but falling slightly short of analysts’ average outlook of $9.17 billion.Salesforce posted a GAAP operating margin of 18.7% and […]
Bitcoin ETFs approval was a “psychological turning point”: Goldman Sachs
The Bitcoin exchange-traded funds (ETF) approval in the US in January was a “big psychological turning point” for crypto, according to Mathew McDermott, Goldman Sachs’ global head of crypto. As reported by Forbes, McDermott highlighted the impact of these ETFs at the Coindesk Consensus conference, adding that Bitcoin ETF “obviously has been an astonishing success.”Given […]
Traders Further Lowered Their Expectations For A Fed Interest Rate Cut This Year
At Tuesday’s close, the Dow Jones Index (US30) decreased by 1.06% and fell to a 3-week low. The S&P 500 index (US500) was down 1.06%. The NASDAQ Technology Index (US100) closed negative 0.58%. Stocks declined amid rising bond yields driven by hawkish remarks from Fed officials. On Wednesday, Atlanta Fed President Bostic said that the path to 2% inflation is not guaranteed and that […]
Downward Momentum For New Home Sales Reasserts Itself
After the preceding month’s better-than-expected numbers, the number of new home sales in the U.S. fell in April 2024. Worse, the estimated number of new home sales for January through March 2024 was revised downward.Not uncoincidentally, the median and average sale prices recorded for new homes in those months was revised upward. The overall trend over […]
Precious Metals Market Update May 28th – Metal Prices Surging
As expected, last week’s pause in the precious metals rally was short-lived, and all metals have resumed their upward ascent this morning. At the time of writing, gold is up $30/oz, and silver is up nearly $2/oz, or 6%. Platinum continues to climb, now firmly above the $1,000/oz threshold, trading at $1,064/oz.Most of the macro […]
FX Daily: Bond Sell-Off Softens Risk Environment
Image Source: UnsplashA series of softer US Treasury auctions and a sell-off in the longer end of the bond market is weighing on risk assets and providing some support to the dollar. This may well just be a short-term swing ahead of Friday’s key US data release, but it is a trend worth watching. Elsewhere, we […]
Bitcoin and Ethereum ETFs still off the table for Vanguard – it’s not surprising
For Vanguard, crypto assets like Bitcoin and Ethereum are “more of a speculation than an investment,” and chasing speculative assets will never be the fund’s investment philosophy. No doubt Vanguard constantly says no to Bitcoin exchange-traded funds (ETFs). There is no exception for Ethereum ETFs.Earlier this month, Vanguard reportedly appointed ex-BlackRock ETF head Salim Ramji […]
