U.S. Stocks Reach New Highs as Inflation Data Softens
U.S. stocks reached fresh closing highs on Wednesday as the inflation data for June came in softer than expected. The Nasdaq 100 (NDX) recorded its highest close since January 14,…
Stocks Emerge From a 5-Day Sell-off as “Buy-the-Dip” Calls Linger
Nasdaq 100 rose 0.1% in late trading in New York on Monday, emerging from the ruins of a five-day selloff that gripped the markets after the Federal Reserve said it…
Market Analysis: USDJPY Turns Bullish Above 114.00 as Gold Slides Below $1850 and Bitcoin Selloff Persists
The US dollar strengthens amid safe-haven demand.USDJPY finds support above 114.00.EURUSD plunges below 1.1300 amid COVID fears.Gold is under pressure as the dollar strengthens.Bitcoin and Ethereum sell-off persists. The US…
Market Analysis: GBPUSD Bounce Back Stalls as Oil Prices Tank Amid US Stockpile Build Up
US dollar firms near 14 months high.GBPUSD is on the defensive as bounce-back stalls.EURGBP edges lower amid euro weakness.Oil prices amid demand concerns in the US.US benchmark indices edge lower…
Market Analysis: EURUSD Eyes Gains Above 1.1800 Amid Dollar Softness as Oil Prices Climb
US dollar softens following disappointing CPIEURSUSD under pressure near 1.1800EURGBP edging lower on British pound strengthOil prices edge higher on supply concerns in the USUS equity benchmarks tank amid ongoing…
Market Analysis: NZDUSD on the Defensive as Dollar Strengthens on Rising Yields
US dollar strengthens across the board, sending majors lowerNZDUSD tanks amid slow economic growth concernsGold under pressure on rising yields, but further downside not favoredUS equities retreat from record highs…
Market Analysis: GBPUSD Rally, Renewed Dollar Strength, and BTC Retreat
GBPUSD under pressure after three days of gainsUSDCHF edging higher as CHF weakness on pandemic fallout concernsOil prices retreat after three days of gains as demand concerns escalateBitcoin and Ethereum…
Nasdaq 100 Forecast Ahead Of Microsoft, Apple, And AMD Earnings
The Nasdaq 100 index is hovering near its highest level on record after the real US yields declined to a record low and strong quarterly results from Tesla. The index…
Surging Trading Volumes Drives Nasdaq Profits up 23% to $1.90 EPS
(Nasdaq) Nasdaq Inc. announced a profit of $ 1.90 EPS, a 23% increase compared to $1.54 EPS from the second quarter of 2020. The result beat a market forecast of…