Category Archive: Finance, No picture
After Hawkish FOMC Minutes, The Dollar Comes Back Softer
Image Source: Pexels Overview: The dollar was aided yesterday by the hawkish FOMC minutes and the backing up of US rates. The greenback has stabilized today and is softer against all the G10 currencies. The stronger eurozone PMI masks divergence between Germany and France but keeps the recovery narrative intact. The dollar’s broad gains pressured the yuan, […]
Two Trades To Watch: GBP/USD, DAX Forecast – Thursday, May 23
Image Source: Unsplash GBP/USD above 1.27 as the country gears up for an election The PMI announced a general election on July 4th UK composite PMI eased to 52.8 from 54.1 in April USD slips amid risk on trade & despite hawkish FOMC minutes GBP/USD holds above 1.27 The pound is holding on to yesterday’s gains […]
Teen Jobs Dip In April 2024
The employment situation for U.S. teenagers dipped slightly in April 2024. The seasonally adjusted number of 16-19 year olds counted as having jobs decreased from the previous month’s total by 23,000 (or 0.4%) to 5,839,000. That’s just under a third of the entire population of U.S. teens in this age bracket.Although it dipped, the jobs […]
Strong NVDA Report Helped Indices Stay Afloat After Hawkish FOMC Minutes
Image Source: Pexels The US stock indices closed moderately lower on Wednesday, with the Dow Jones Industrials Index falling to a 1-week low. At Wednesday’s close, the Dow Jones Industrial Average (US30) decreased by 0.51%, while the S&P 500 Index (US500) was down 0.27%. The Nasdaq Technology Index (US100) closed negative 0.18%. “Hawkish” minutes from the May 1 FOMC meeting showed that “many” officials doubted […]
EUR/USD Remains Above 1.0800 Ahead Of Eurozone PMI
EUR/USD treads water to halt its three-day losing streak, hovering around 1.0820 during the Asian session on Thursday. The Euro’s appreciation against the US Dollar (USD) can be attributed to a corrective move for the latter. Investors are likely to await Purchasing Managers Index (PMI) data from both the Eurozone and Germany, with subsequent attention turning […]
Elliott Wave Technical Analysis: IBEX 35
Image Source: Unsplash IBEX 35 (Spain) Elliott Wave Analysis Trading Lounge Day Chart,IBEX 35 (Spain) Elliott Wave Technical AnalysisFUNCTION: Trend MODE: impulsiveSTRUCTURE: red wave 5POSITION: blue wave 3DIRECTION NEXT LOWER DEGREES: blue wave 4DETAILS: red wave 4 looking completed at 476. Now red wave 5 of 3 is in play.Wave Cancel invalid level: 4508 The IBEX 35 […]
Gold Market Commentary
Image Source: Unsplash Fed Concerned Over Inflation ProgressGold prices are seeing heavy selling across early European trading on Thursday. The market has reacted negatively to the release of last night’s FOMC minutes with gold futures now down around 4% from the highs recorded earlier in the week. The minutes yesterday echoed the sentiments shared by many […]
The Commodities Feed: Gas Supply Risks
Image Source: Pexels Energy – supply risks push European gas higher European natural gas prices have hit their highest level since January. TTF prices settled 4.2% higher yesterday at almost EUR34.39/MWh. This is after the Austrian energy company, OMV, warned that there was a risk that Russian pipeline flows to Austria could be halted after a court […]
This Is What Hedge And Mutual Funds Did In Q1: Goldman’s HF And MF Monitors
Image Source: PexelsToday Goldman published two of the bank’s most widely read periodic reports: the Hedge Fund Trend Monitor and Mutual Fundamentals, which summarize the quarterly activity and flows of hedge and mutual funds, respectively. Here are the key points from each report.Hedge Fund trend monitor 1) PERFORMANCE: US equity long/short hedge funds have generated a solid +8% […]
SEC engages with Ethereum ETF issuers on S-1 forms
Fox Business journalist Eleanor Terrett said on Thursday that the US Securities and Exchange Commission (SEC) started talks with Ethereum exchange-traded fund (ETF) issuers regarding their S-1 registration forms. She cited sources who said there is still “work to do” on those forms.This could be seen as a positive development, but it suggests there might […]
