Rate Cut Odds Plunge As Powell Signals Willingness To Move Slower
Image Source: Pexels Powell cites a solid economy and will cut rates at a slower pace “carefully”. Fed Will Move CarefullyThe Wall Street Journal reports Powell Says Solid Economy Allows Fed to Consider Rate Cuts ‘Carefully’ Federal Reserve Chair Jerome Powell said recent signs of economic health would allow the central bank to take its time […]
Current Report: Traton
Image Source: PixabayTraton SE (TRATF) is a commercial vehicle manufacturer. The group’s product portfolio comprises trucks, buses, and light-duty commercial vehicles.Transforming Transportation Together. For a sustainable world. this intention underlines the company’s ambition to have a lasting and sustainable impact on the commercial vehicle business and the group’s commercial growth.The company offers products and services under the MAN, […]
EUR/USD Taps 1.05 For The First Time In Over A Year
Image Source: Pixabay EUR/USD continues to decline as the Euro deflates. Fiber found a 57-week low as the Greenback continues to climb. US Retail Sales in the barrel for Friday will wrap up the economic calendar. EUR/USD briefly tested fresh year-long lows on Thursday, piercing the 1.0500 handle for the first time in 54 weeks. A […]
USD/CAD Holds Steady Above 1.4050, US Retail Sales Data In Focus
Photo by Michelle Spollen on Unsplash USD/CAD trades on a flat note around 1.4060 in Friday’s early Asian session. Fed’s Powell said there is no need to hurry rate cuts as the US economy remains strong. The lower crude oil prices continue to undermine the Loonie. The USD/CAD pair trades flat near 1.4060 amid the consolidation of the US Dollar (USD) during […]
Gold Slips On Powell Remarks Of No Rush To Lower Rates
Image Source: Pixabay XAU/USD remains subdued under the weight of a strengthening Dollar and recent US inflation data. Producer Price Index exceeds expectations, suggesting Fed easing cycle might be reconsidered. Investors recalibrate expectations for December Fed rate cut amid ongoing inflation concerns. Gold recovers some ground on Thursday yet remains trading below its opening price for the […]
Fed Chair Jerome Powell Delivered A Dose Of “Unvarnished Truth”
Image Source: Pixabay MARKETSThe post-election rally hit a brick wall overnight after Fed Chair Jerome Powell delivered a dose of “unvarnished truth,” hinting that economic strength might warrant patience on future rate cuts. This was a cold splash of reality for equity traders, who were already loaded up to an 11-year high in U.S. stocks post-Trump […]
15 Undervalued Consumer Discretionary Stocks For 2024
Image Source: Pixabay 15 Undervalued Consumer Discretionary Stocks In this video, Chuck Carnevale, Co-Founder of FAST Graphs, a.k.a. Mr. Valuation will be looking for value in the Consumer Discretionary Sector, 15 consumer discretionary stocks that look reasonably valued. Now, these are discretionary stocks. You saw what happened during Covid to some of them. In each of […]
ASML Projects Up To €60 Billion In Sales By 2030 Amid Semiconductor Boom
Image courtesy of 123rf.com ASML Holding NV (Nasdaq: ASML), a leading Dutch company in the semiconductor industry, has reaffirmed its bullish long-term revenue outlook, projecting sales between €44 billion and €60 billion by 2030. This announcement was made during the company’s investor day, aiming to bolster investor confidence following a notable drop in order intake during the third […]
Trading Gold Is Unlike Trading Anything Else
Image Source: Pixabay Gold has its own laws in trading. The most emotional of all financial assets is traded unlike anything else. Unlike any other commodity, every ounce newly mined adds to the existing stock of Gold. It moves from vault to vault, in various forms. Occasionally it is melted down and given a new form […]
Russell 2000 Earnings Dashboard 24Q3 – Thursday, Nov. 14
Russell 2000 Aggregate Estimates and Revisions The 24Q3 Y/Y blended earnings growth estimate is 34.4%. If the energy sector is excluded, the growth rate for the index is 69.9%. Of the 1,649 companies in the Russell 2000 that have reported earnings to date for 24Q3, 56.2% reported above analyst expectations. The 24Q3 Y/Y blended revenue growth estimate is 0.9%. If the energy sector is excluded, the growth rate for the index […]
