US Dollar Could Weaken More Broadly – Here’s Why

TalkMarkets - Tue, 08/06/2024 - 10:09
While US indices, Nikkei futures, the USD/JPY, and commodity dollars, some of the assets that have come under intense pressure, all bounced off their lows on Monday, we haven’t seen much follow-through so far in Tuesday’s session.

Stocks Look To Claw Back Recent Losses, But…

TalkMarkets - Tue, 08/06/2024 - 09:52
Following the worst day of trading in US stocks in almost two years, equity futures suggest the market will attempt to reclaim some of that lost ground today.

Elliott Wave Technical Analysis: Apple Inc. - Tuesday, Aug. 6

TalkMarkets - Tue, 08/06/2024 - 09:40
Despite recent news about Warren Buffet selling half of his Apple stake, the analysis suggests further upside to follow.

Indian Stock: Colgate-Palmolive (India)

TalkMarkets - Tue, 08/06/2024 - 09:24
Colgate-Palmolive (India) Limited manufactures consumer products in the oral care and body care area.

The Yen Carry Dump

TalkMarkets - Tue, 08/06/2024 - 09:05
Weak employment data, the simmering Middle East, election jitters, and many other factors are taking the blame for rattling the markets.

Czech Industrial Output Contracts, Yet New Orders Rebound

TalkMarkets - Tue, 08/06/2024 - 08:49
Czech industrial production came in below market expectations, falling 9.1% from a year earlier. However, this was partially due to a high comparison base and more working days in the previous year.

EUR/USD Flirts With Break Below 1.09 While Greenback Sets The Record Straight

TalkMarkets - Tue, 08/06/2024 - 08:44
EUR/USD eases throughout Tuesday after it briefly peaked above 1.10 on Monday. Markets see safe havens easing while US Dollar gains traction. Monthly Germany’s Factory Orders unexpectedly surged 3.9% in June.

UBER Continues To Crush

TalkMarkets - Tue, 08/06/2024 - 08:40
Uber Technologies reported its latest quarterly earnings.

Warner Bros Stock Price Comeback Could Be Epic

TalkMarkets - Tue, 08/06/2024 - 08:40
Warner Bros. Discovery stock price has been one of the worst-performing stocks in Wall Street this year as the company has faced substantial internal and external challenges.

The Nikkei Rebounds But The Easy Money Trade Is Over

TalkMarkets - Tue, 08/06/2024 - 08:34
The Nikkei closed the morning session up 9.4 percent. Expect a retest of the lows because the Bank of Japan has signaled it serious about strengthening the Yen.

USD/JPY Struggles To Extend Recovery Above 146.40 Due To Yen’s Safe-haven Appeal

TalkMarkets - Tue, 08/06/2024 - 08:31
USD/JPY faces pressure after recovering to near 146.40 amid firm Yen’s safe-haven appeal. Fears of global slowdown and a higher-than-expected BoJ rate hike have strengthened the Japanese Yen.

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