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Updated: 57 min 43 sec ago

Market Briefing For Thursday, May 9

Thu, 05/09/2024 - 04:28
'Data is the new currency'- is the message you get from everything like the comments provided by Nvidia's CEO, to Salesforce; all basically Ai-themed. Missing is demand.

US Dollar Extends Rally Against Japanese Yen

Thu, 05/09/2024 - 04:20
The USDJPY currency pair has extended its impressive upside move, rallying from the 151.86 low to a high of 155.69 in recent trading sessions.

Dollar Still Trying To Hold On

Thu, 05/09/2024 - 04:07
There have been some doubts from some Fed officials as to whether policy is restrictive enough.

FX Daily: Sterling On The Edge

Thu, 05/09/2024 - 03:55
Amid quiet FX trading conditions, attention during European hours falls squarely on the Bank of England’s policy decision.

Sensex Today Trades Lower; L&T Share Price Falls 5%

Thu, 05/09/2024 - 03:43
Indian share markets are trading lower with the Sensex down by 233 points while the Nifty is down 70 points.

Metals Report For Wednesday, May 8

Thu, 05/09/2024 - 03:30
In this video, Ira Epstein reviews the day's trading in the gold and other relevant metal markets.

GBP/USD Moves Below 1.2500 Ahead Of BoE Policy Decision

Thu, 05/09/2024 - 03:10
GBP/USD extends its losing streak for the third successive session, trading around 1.2490 during the Asian session on Thursday. Thursday brings the BoE interest rate decision, with expectations of maintaining interest rate at 5.25%.

EUR/GBP Extends The Rally Above 0.8600, All Eyes On The BoE Rate Decision

Thu, 05/09/2024 - 02:50
The EUR/GBP cross extends its upside around 0.8605 during the early Europen trading hours on Thursday. The cross edges higher for the third consecutive day ahead of the Bank of England (BoE) interest rate decision.

5 Stocks At The Forefront Of S&P 500 ETF's Latest Rally

Thu, 05/09/2024 - 02:30
Wall Street has regained momentum in recent sessions, with the S&P 500 Index logging the fourth consecutive gain. The benchmark reclaimed the 5,200 level in the latest trading session before ending below the level.

British Pound Breaks Key Trendline Support Against US Dollar

Thu, 05/09/2024 - 02:10
The GBPUSD currency pair has broken below the rising trendline support visible on the 4-hour chart. This technical breakdown suggests that the recent upside move from the 1.2299 low has likely been completed at the 1.2633 high.

2 Tech Stocks To Consider After Impressive Q1 Earnings Beats

Thu, 05/09/2024 - 01:50
Mostly attributed to the Magnificent Seven, tech stocks have fueled the Q1 earnings season with total S&P 500 earnings now expected to be up 5% from the previous period.

Elliott Wave Analysis On USDJPY Recovery Post BOJ Intervention

Thu, 05/09/2024 - 01:30
USDJPY has been on a roller coaster in the last few weeks due to the Bank of Japan (BOJ) Intervention. In this article, we will look at the short-term Elliott Wave path for the currency post-intervention.

The Commodities Feed: US Crude Inventories Edge Lower

Thu, 05/09/2024 - 01:10
Oil prices recovered in the latter part of yesterday’s trading session due to US inventory declines. However, there are still some lingering demand concerns.

SPDR ETF Report For Wednesday, May 8

Thu, 05/09/2024 - 00:50
In this video, Ira Epstein reviews the day's trading in various SPDR-ETF markets for the trading day that ended, Wednesday, May 8.

Elliott Wave Technical Analysis - Bitcoin Crypto Price News

Thu, 05/09/2024 - 00:30
Overall, Bitcoin is still in an uptrend but it is a period of correction in the fourth wave which appears to be complete. Therefore, it is an opportunity for us to join the trend once again. Look for opportunities to open long positions.

Earnings Growth Poised To Accelerate

Thu, 05/09/2024 - 00:10
Total earnings for the 440 S&P 500 members that have reported Q1 results are up +5.0% from the same period last year on +4.2% higher revenues, with 78.0% beating EPS estimates and 60.9% beating revenue estimates.

Another Flat Day With Big Afternoon Earnings: ARM, ABNB & More

Wed, 05/08/2024 - 23:50
Markets were flat again this Hump Day. Over the past week or so of trading, the major indices have been treading water. For today’s session, the Dow scraped together +172 points, +0.44%, while the S&P was exactly 0.00%.

Everything You Need To Know About Gold Stocks

Wed, 05/08/2024 - 23:30
After the introduction of Gold and Silver ETFs and a 13-year secular bear market, everyone knows gold miners suck. Here is almost everything you need to know, divided into a list.

Indicators Are Suggesting A Stock Market Reversal May Be Coming

Wed, 05/08/2024 - 23:10
Stocks were pretty flat today, and we were in a boring sideways session. There is little to say besides that the index is hitting resistance around the 78% retracement level and the 5,198 gap has been filled.

Asia Morning Bites For Thursday, May 9

Wed, 05/08/2024 - 22:50
Japan’s headline cash earnings disappoint. China’s trade and Philippine GDP data are due later today.

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