Asian Stocks and European Futures Rise Following PBOC Stimulus: Market Summary
(Bloomberg) — European stocks are set to open higher after Asian peers rallied on a slew of stimulus measures announced by China’s central bank to shore up economic growth and stem a selloff in the equity market. Most Read from Bloomberg Contracts for the Euro Stoxx 50 climbed 0.5% as MSCI’s Asia Pacific gauge headed […]
Avoid the Pitfalls of Investing in Plug Power Stock
Rather than squeeze higher after earnings, the PLUG downward spiral is likely to persist Over the past month, Plug Power (NASDAQ:PLUG) shares have experienced roller coaster price action. In mid-July, Plug Power stock briefly entered rebound mode. At the time, renewed hopes for a possible “Fed pivot” on interest rates later this year sent PLUG […]
Gold (XAU/USD) Struggles to Attract Safe-Haven Demand Amid Market Pressures
Gold prices are trending down due to a lack of safe-haven bids and a strong US Dollar. Upcoming US jobs data and interest rate decisions will significantly impact gold’s future performance. September is historically a challenging month for gold, which could further influence its trajectory. Most Read: Brent Crude – Oil Slides on Renewed Demand […]
Gold Surges to All-Time High, Reflecting a 27% Year-to-Date Increase
Bullion has advanced since the Federal Reserve lowered its benchmark interest rate by half a percentage point last week, building on what was already a record-setting year for the precious metal. Rate cuts are often seen as positive for the non-yielding gold. Further rate cuts are to be expected, based off the latest comments from […]
Tesla stock jumps as optimism grows around Q3 earnings and ‘robotaxi day’
Tesla stock surges amid optimism on Q3 earnings, ‘robotaxi day’ October is set to be a critical month for Tesla[/hotlink]. It’s been a rough year for the EV maker’s stock, but a new optimism related to next week’s Q3 earnings release helped drive shares up 5% on Monday, erasing their previous year-to-date losses. The recent […]
Weekly Market Outlook: Spotlight on ECB Rates, China, and the US Presidential Debate
US jobs data missed estimates, keeping recessionary fears very much in play. US Equities continue their September struggles as Oil falters as well. ECB expected to cut rates amidst slowing European economy, while UK jobs data and US CPI figures remain in focus. Read More: Bitcoin (BTC/USD) Eyeing a Deeper Reversal as ETF Outflows Continue […]
Brent Crude Oil Drops Below $70 a Barrel for the First Time Since December 2021
Most Read: GBP/USD Rises on Robust Labor Data – Challenges Ahead for the BoE Oil prices fell off sharply today to trade below $70 a barrel for the first time since December 2021. OPEC + did release its monthly oil report earlier in the day but the selloff was not down to the OPEC + […]
Gold (XAU/USD) Approaches All-Time Highs: Could US CPI Trigger a Breakout?
Most Read: Brent Crude – Oil Slides Below $70 a Barrel, First Time Since December 2021 Gold prices inched higher in Asian trade as market participants brace for the US CPI release. The precious metal continues to flirt with the all-time highs (ATH) around 2531/oz. Market participants may be eyeing US CPI as a catalyst […]
Gold Technical Update: Positioning for a Possible Bullish Breakout Ahead of US CPI Release
This is a follow-up analysis of our prior report “Gold Technical: The recent sell-off may have reached a potential bullish reversal level at US$2,353” published on 26 July 2024. Click here for a recap. Since our last publication, the price actions of Gold (XAU/USD) have managed to stage a rebound above the US$2,353 bullish reversal […]
Weekly Market Outlook: Central Banks Take Center Stage
Week in Review: Market Participants Left with More Questions As the week draws to a close, US data remained robust with a marginal uptick in both the core CPI and PPI prints. Data leading into Thursday’s US session seemed to solidify a 25 bps cut from the Federal Reserve, however the idea of a 50 […]