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U.S. stock futures ticked up on Wednesday, ahead of the monthly ADP private payrolls release, with Friday’s key nonfarm payrolls report looming. Here are some of the major premarket U.S. stock movers today: Hewlett Packard Enterprise (NYSE) jumped 15% after the software consultancy reported robust quarterly earnings and provided an optimistic outlook driven by […]
CrowdStrike, HPE, Intel rise premarket; Dollar Tree falls Read More »
The pair has been moving in a downtrend over the previous period due to important economic data as well as developments on the political scene. All of this has exerted pressure on the pair to decline, allowing it to reach important and strong support levels. Looking at the indicators, we find that the RSI
Technical Analysis of the GBP/CHF pair Read More »
Mexico’s President-elect Claudia Sheinbaum, an accomplished climate scientist, may face challenges in fulfilling her environmental promises after her landslide victory, which was partly due to the popularity of her predecessor, who focused on fossil fuels. Sheinbaum, who was elected as Mexico’s first female president on Sunday, inherits a nation dealing with significant environmental issues,
Analysis-Can Mexico’s Sheinbaum, a climate scientist, shake Lopez Obrador’s oil legacy? Read More »
Mizuho has updated its Top Picks list, showcasing their analysts’ highest conviction, catalyst-driven ideas. Following the June update, the revised list now includes new additions such as PayPal Holdings (NASDAQ), Oracle Corp. (NYSE), NEXTracker (NXT), Intra-Cellular Therapies (NASDAQ), Cigna Group (NYSE), DuPont de Nemours (NYSE), and Ventas (NYSE). Mizuho analysts have highlighted the potential
PayPal and Oracle are new top picks at Mizuho Read More »
The #pair has been moving in an uptrend during the previous periods. On the daily timeframe, we notice that the #price is facing a strong resistance area that it has bounced off #several times previously. With the #RSI indicator breaking above the 70 level on the same timeframe, we also note that the #OSMA indicator
#Technical #Analysis of the #nzd/#cad #Pair : Read More »
Gold prices dipped slightly in Asian trading on Tuesday, though they retained some gains from the previous session as signs of a cooling U.S. economy increased expectations for interest rate cuts, driving the dollar to two-month lows. Despite the recent gains, gold remained well below the record highs achieved in May. Upcoming labor market
Gold prices steady as rate cut speculation puts dollar at 2-mth low Read More »
A sharp decline in new housing construction in China is raising hopes that the beleaguered property sector is finally addressing its chronic oversupply issue. However, the absence of a comprehensive strategy to clean up bad assets keeps fears of prolonged stagnation, similar to Japan’s experience, alive. China’s current situation mirrors the U.S. and Spain’s
Analysis-China sees property silver lining but can’t shake Japan comparisons Read More »
The Organization of Petroleum Exporting Countries and allies (OPEC+) announced at its recent meeting that it plans to start scaling back some of its production cuts later this year. Macquarie analysts indicated that this scenario could exert long-term pressure on oil prices. OPEC+ stated it will maintain production cuts of 3.6 million barrels per
OPEC+ decision to scale back cuts “problematic for 2025”- Macquarie Read More »
Bitcoin’s price stabilized on Tuesday, hovering just below critical levels. The dollar’s weakness, driven by speculation about potential interest rate cuts by the Federal Reserve, has sparked some flows into cryptocurrency markets. Bitcoin rose 0.8% over the past 24 hours, reaching $69,049.3 by 01:50 ET (05:50 GMT). The world’s largest cryptocurrency was now about
Bitcoin price today: hovers at $69k, rate cut hopes provides some support Read More »
Asian share markets retreated on Tuesday as global investors awaited India’s official election results and assessed signs that the U.S. economy’s ‘exceptionalism’ might be unwinding due to weakening manufacturing activity. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.4%, following mild gains in U.S. stocks the previous session. Despite this, the index is
Asian shares weaken as Indian election results roll in Read More »