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Updated: 1 hour 53 min ago

GBP/USD Analysis: Uptrend Remains Cautious

Wed, 05/15/2024 - 10:58
According to Forex market trading, the pound sterling briefly dipped before recovering to around $1.25 as traders digested recent labor data and monetary policy expectations.

Sensex Today Ends 118 Points Lower; Nifty Below 22,200

Wed, 05/15/2024 - 10:50
After opening the day marginally higher, Indian share markets reversed the trend as the session progressed and ended the day lower.

USD/CAD Recovers Soft US Inflation-induced Losses From 1.3600

Wed, 05/15/2024 - 10:44
USD/CAD bounces back from 1.3600 on weak Canadian Manufacturing Sales data. The US Dollar faces a sell-off due to an expected decline in the US inflation data. Weak US Retail Sales also weighed on the US Dollar.

Dell Climbs 73% YTD, Eyes AI Hardware Boom

Wed, 05/15/2024 - 10:40
As the technology-driven market rally pushes forward, many predict it will eventually lose momentum.

Silver Price Analysis: Reaches new high for May but pulls back after becoming overbought

Wed, 05/15/2024 - 10:34
Silver price has risen to a new high for May following the release of US data. Silver has become overbought on the 4-hour chart and is in the process of pulling back.

Chart Of The Day: Universal Stainless & Alloy

Wed, 05/15/2024 - 10:30
Universal Stainless & Alloy Products, Inc., together with its subsidiaries, manufactures and markets semi-finished and finished specialty steel products in the United States and internationally.

Asian Stock: Sri Trang Agro-Industry

Wed, 05/15/2024 - 10:20
Sri Trang Agro-Industry Public Company Limited is an integrated rubber producer. Its operation extends from plantation to processing to manufacture of rubber and its supply makes up 10% of global rubber consumption.

Guesstimating The Level Of Froth In US Stocks

Wed, 05/15/2024 - 10:10
Calling tops and bottoms in the stock market is the Holy Grail for investing analytics.

Cisco Systems Inc.To Report Q3 After Market Close, What To Expect

Wed, 05/15/2024 - 10:05
Cisco to release Q3 earnings on May 15; analysts expect lower EPS and revenue amid focus on key business segments, acquisitions, and future outlook.

Consumer Prices Have Risen Every Month Since 'Bidenomics' Began, Up 19.5% To Record High

Wed, 05/15/2024 - 10:00
After a fourth straight month of hotter-than-expected PPI, analysts' expectations for CPI were tightly ranged around 0.3-0.4% MoM and printed +0.3% MoM (slightly below the 0.4% expected).

China Ready To Write Down Real Estate Value;. Who’s Next?

Wed, 05/15/2024 - 09:50
Governments worldwide are looking for ways to “ease the real estate crisis” now sweeping much of the developed world.

Real Total Return Of OMXI All-Share Index Still Negative

Wed, 05/15/2024 - 09:44
The 2.270 level is still holding for the OMXI15.

Elliott Wave Technical Analysis: Analog Devices Inc. - Wednesday, May 15

Wed, 05/15/2024 - 09:40
Analog Devices Inc. is exhibiting a strong bullish trend according to the latest Elliott Wave analysis.

US CPI Data: Is There Upside Left In The S&P 500?

Wed, 05/15/2024 - 09:38
U.S. inflation stood at % in April versus 3.5% in March. CFRA strategist sees upside in S&P 500 to 5,415 level. The benchmark index is up over 10% for the year at writing.

GBP/USD Price Analysis: Dollar Softens Post PPI, Eyes On CPI

Wed, 05/15/2024 - 09:30
The US released hotter-than-expected Producer Price Index (PPI) figures. Investors expect only 44 basis points of Fed rate cuts in 2024. British wages minus bonuses grew by 6.0% in the first quarter of 2024.

FX Daily: Optimistic Bias To The Test

Wed, 05/15/2024 - 09:21
Markets appear to be giving an asymmetrically larger weight to the encouraging bits of US data releases, perhaps mirroring communication by the Fed which has failed to turn much more hawkish as disinflation has stalled.

The GME And AMC Short Squeeze Is On Again

Wed, 05/15/2024 - 09:08
On Monday, the popular meme stocks Game Stop and AMC Entertainment surged higher in yet another short squeeze episode. Fundamentally, both companies have been flirting with bankruptcy.

Will USD Be Bought On The Fact After Being Sold On Expectations Of A Softer CPI?

Wed, 05/15/2024 - 08:40
The dollar is trading heavily against the G10 currencies and most of the currencies from emerging markets.

Precarious: One Misfortune Away From Insolvency

Wed, 05/15/2024 - 08:25
As a result, a significant percentage of households that are considered middle-class are one misfortune away from insolvency.

USD/JPY Analysis: Uptrend Could Persist For A While

Wed, 05/15/2024 - 08:15
The Japanese yen fell again, surpassing 156 yen to the dollar, hitting its lowest level in two weeks, raising concerns about the possibility of Japanese authorities intervening again to support the currency.

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