Stock Market Update: Dow Records First 9-Day Losing Streak Since 1978
Stock Market Today: The Dow Slides Into Its First 9-Day Losing Streak Since 1978 All three main equity indexes gapped down at the open and showed red at the close with less than 24 hours before the Federal Open Market Committee is expected to announce its third interest rate cut since September. Whether it’s the […]
Gold Analysis: A More Hawkish Fed Could Strengthen Medium-Term Downward Trend
Gold Technical: A less dovish Fed may reinforce a medium-term corrective decline This is a follow-up analysis of our prior report published “Medium-term uptrend damaged, spooked by rapid rise in 10-year US Treasury yield” on 14 November 2024. Click here for a recap. Since our last publication, the price actions of Gold (XAU/USD) have staged […]
Cramer Warns: Palantir and Applovin Drive a Risky Market That Can’t Afford to Lose
Palantir, Applovin fuel a can’t-lose market. Cramer says that is dangerous You can’t ban froth. You can’t ban lunacy, especially when it pays off. You can’t tell the insiders or big data analytics specialist Palantir to take profits. You can’t stop the executives at Applovin from bailing up here, and you can’t tell the buyers […]
Markets Weekly Outlook: Can Fed Rate Cut and BoJ Decision Ignite Volatility?
Markets Weekly Outlook – Will Fed Rate Cut and BoJ Decision Spur Volatility? Read More: EUR/USD, GBP/USD Technical Outlook: Price Action Setups to Watch Week in Review: Uptick in US Inflation a Concern? An interesting week that saw swings from risk off to risk on sentiment helping to push US Equities to fresh highs. A […]
Broadcom Stock Soars 25%, Reaches $1 Trillion Market Cap Driven by AI Expansion
Broadcom Stock Surges 25%, Hits $1 Trillion Market Cap on AI Growth Driven by robust expansion in its artificial intelligence business, Broadcom Inc. (AVGO, Financials) announced a 51% year-over-year rise in sales for its fiscal fourth quarter. By fiscal 2027, the corporation estimates that its income connected to artificial intelligence might reach $50 billion yearly. […]
Brent Crude Oil Prices Climb Despite Significant OPEC Forecast Reductions for 2024
Brent Crude – Oil Prices Rise Despite Largest OPEC Forecast Cuts of 2024 Most Read: USD/CHF edges up ahead of SNB rate decision Oil prices continued its steady move higher on Wednesday, up around 1.27% at the time of writing. This is a slight surprise given that OPEC downgraded its 2024 and 2025 forecasts. OPEC […]
What Drove the Nasdaq Past 20,000: Identifying Weaknesses in the Stock Market
What propelled the Nasdaq above 20,000 — plus, weak spots in the stock market Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Market moves: Tech stock strength on Wednesday pushed the Nasdaq up nearly […]
Gold (XAU/USD) Targets $2,700 Amid Anticipated Fed Rate Cuts and Geopolitical Tensions
Gold (XAU/USD) Eyes $2,700 as Fed Rate Cut Looms, Geopolitics in Focus Most Read: Markets Weekly Outlook – Central Bank Focus as US Inflation Looms Gold has started the week on the offensive as the stars have somewhat realigned for the precious metal. The regime change and geopolitical developments in Syria coupled with a Chinese […]
Analysts Anticipate ‘Strong’ Costco Could Announce Stock Split Ahead of Earnings Report
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Ahead of Earnings, Analysts Say ‘Robust’ Costco May See Stock Split Key Takeaways Costco Wholesale is set to report earnings after the bell Thursday as it opens its next fiscal year, with analysts expecting rising revenue and profit. Most analysts tracked by Visible Alpha have a “buy” rating, but the average price target suggests they […]
US Jobs Report Outlook: Effects on DXY and Gold Prices (XAU/USD)
US Jobs Report Preview: Implications for DXY and Gold (XAU/USD) Most Read: Bitcoin’s (BTC/USD) Exchange Reserves Low as Altcoins Steal the Show Market participants are waiting on today’s jobs report from the US in a week that has seen a lot of choppy price action and uncertainty. The exception being a US equity and Crypto […]