The dollar reached new highs on Wednesday as uncertainty over U.S. interest rates and the upcoming presidential election continued to support safe-haven demand. Risks Point to Dollar Bullishness The dollar has reached its highest level since early August as positive economic data has reduced expectations of aggressive interest rate cuts by the Federal Reserve. According […]
EUR/USD extended its downward movement on Tuesday, retreating about 0.16% and testing a key technical barrier that could lead to fresh 16-week lows if the price breaks below this support level. European Central Bank President Christine Lagarde made several appearances on Tuesday, but her remarks, which were fairly generic, did little to support the euro. […]
Key points: GE Aerospace (GE) Falls Despite Beating Expectations GE Aerospace shares declined despite surpassing expectations for adjusted earnings and revenue. While the company met its full-year guidance, investors had anticipated stronger results, leading to a slight drop in the stock price. Nvidia (NVDA) Marks a Milestone in the Market Nvidia, the maker of artificial […]
Ripple co-founder Chris Larsen has recently contributed more than $10 million to fund the U.S. presidential campaign of Democratic candidate Kamala Harris. Harris Campaign Funding The recent revelations about these donations come from several reports released today, citing data submitted by the U.S. Federal Election Commission (FEC). According to this information, Larsen has donated approximately […]
Stock index futures, along with U.S. equities, were lower on Tuesday, as attention shifted to the third-quarter results of several large companies. Most major Wall Street indexes posted slightly negative sessions on Monday, with the Dow Jones index down 0.8%, ending three straight sessions of gains. The S&P 500 index lost 0.2%, while the Nasdaq […]
The U.S. dollar declined on Tuesday, although it remained near its recent highs in an environment marked by uncertainty related to the pace of interest rate cuts as the date for the U.S. presidential election approaches. Dollar Benefited from Rising Yields The dollar retreated slightly on Tuesday, despite benefiting from a rise in the yield […]
Key points to watch out for: Bank of Canada Likely to Cut Rates by Half a Point Estimates that the Bank of Canada will cut rates by 50 basis points at its October meeting have increased following the latest CPI data. However, markets are not entirely convinced that there will be a significant move, so […]
Key points: Boeing (BA) Moves Toward Ending the Strike Boeing has reached a tentative agreement with the machinists’ union, which could end the strike that has paralyzed much of its production. Boeing shares rose more than 3% in pre-market trading, reflecting the positive impact of the agreement on its valuation. This move is crucial for […]
Tesla will be the first of the “Magnificent Seven” to report in the corporate earnings season. Global financial leaders will meet in Washington, and oil prices remain volatile. Here’s a look at what’s happening in the markets this week. Tesla Reports Its Results As earnings season picks up momentum, Tesla (TSLA) will be one of […]
U.S. equity markets and stock indices were slightly lower on Monday, consolidating near record levels, with attention focused on a series of key results from the technology sector. Positive results from banks and technology companies in the previous week had driven several of Wall Street’s major indices to record highs, with the S&P 500 and […]
