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The #pair has been moving in an upward direction since the beginning of the month, driven by the #economic data released during the previous period for both #currencies. However, the pair has now started to lose its upward momentum and enter overbought #territory. On the 4-hour timeframe, we see that the #RSI #indicator is […]
#Technical #Analysis of the #NZD/#JPY #Pair By fxttime.com : Read More »
The dollar dipped to a one-month low versus the euro on Wednesday amid lower Treasury yields as traders braced for a key U.S. inflation report later in the day that could dictate the path of Federal Reserve policy. However, the yen hovered close to a two-week low as a still-gaping yield gap between local
#Dollar drops to one-month low vs #euro before key #CPI test : Read More »
#Oil_prices rose on Wednesday on expectations for higher demand as the U.S. dollar weakened and a report showed U.S. crude and #gasoline inventories fell while the release of inflation data may point to a more supportive economic outlook. #Brent_crude futures were up 39 cents, or 0.5%, at $82.77 a barrel at 0630 GMT. U.S.
#Oil_prices #rise on #USA #inventories #drawdown #expectations : Read More »
#USA_stock index futures were little changed on Wednesday ahead of the #crucial consumer prices data that will test the recent market rally fueled by hopes of monetary policy easing by the #Federal_Reserve. The tech-heavy Nasdaq notched a fresh record closing high on Tuesday after Fed Chair Jerome Powell’s assessment of U.S. growth and inflation
#Futures_flat before key inflation test : Read More »
The S&P 500 Index rebounded from its initial downside targets near 5000, moving back above the March-April pattern breakdown area and the 50-day moving average. According to JPMorgan technical strategists, this move disrupted the tactical bearish trend momentum, creating a more ambiguous short-term technical setup, while preserving the medium-term rally structure. “The market is showing signs
#S&P 500 rally not expected to #accelerate from current levels: #JPMorgan : Read More »
#IGV, a major exchange-traded fund (#ETF) that tracks the performance of the US software sector, has witnessed a challenging first half of 2024, gaining just 1%. As a #result, software has been broadly underperforming the semiconductor sector, which has surged 30% year-to-date. According to #Jefferies_analysts, investors have been favoring semiconductors, where the benefits of
#Jefferies: Strong M&A activity in #software #likely to continue in the near term : Read More »
#Amazon (#NASDAQ:#AMZN) Web Services (#AWS), the cloud unit of #Amazon (#AMZN), said it plans to invest €7.8 billion ($8.4 billion) in Germany by 2040 to build a cloud computing infrastructure specifically for Europe. The #company intends to launch #several data centers in the German state of Brandenburg by the end of 2025, which will
#Amazon_Web #Services to #invest $8.4bn for #building #cloud infrastructure in #Europe : Read More »
#Wall_Street futures traded largely unchanged ahead of the release of the key monthly consumer price report, which could guide future Federal Reserve thinking. Cisco (NASDAQ:#CSCO)’s results are due after the close, while the meme stock rally continued apace. 1. #USA CPI looms large The release of the crucial monthly U.S. consumer price report is
#USA #CPI, #Cisco #earnings, #meme #stocks – what’s moving #markets : Read More »