Weekly Market Outlook: Job Report May Prompt Cautious Fed, US CPI on the Horizon
Strong US jobs report shifts Fed rate cut expectations from 50 bps to 25 bps. Geopolitical tensions in the Middle East drive up oil prices and safe-haven assets. Upcoming US inflation data and RBNZ rate decision in focus for the week ahead. Oil prices surge on Middle East tensions, with key support and resistance levels […]
One Apple Executive Predicts AI Will Transform the Music Industry
Here’s how AI is going to change the music industry, according to one of the leaders of Apple’s first foray into music Way back in 1995, as all forms of popular entertainment were becoming digitized and the new World Wide Web was turning the internet into a mass medium, I co-founded Apple Music Group, where […]
Midday Stock Highlights: Notable Moves from RIVN, ANF, CVS, and SAVE
Check out the companies making headlines in midday trading. Abercrombie & Fitch – Shares of the teen apparel retailer jumped nearly 8% after JPMorgan added it to its positive catalyst watch list. Analyst Matthew Boss raised the stock’s price target and third-quarter earnings estimate, saying its brands, which include Hollister, showed momentum during the recent […]
WTI Oil: Geopolitical Risk Premiums and China’s Stimulus Could Set a Medium-Term Support Level at $67.55-$65.70 per Barrel
The recent sell-off of 18% in WTI crude oil since August has stalled. An increase in hostilities in the Middle East and impending fiscal stimulus measures from China are likely to trigger a medium-term trend change in oil prices. Technical factors suggest a further potential rebound in WTI crude oil towards the next medium-term resistance […]
Nvidia Shares Surge as CEO Jensen Huang Highlights ‘Unprecedented’ Chip Demand
Nvidia (NVDA) stock jumped as much as 5% on Thursday as CEO Jensen Huang said demand for its next-generation Blackwell chips has been “insane.” In an interview with CNBC on Wednesday after the market close, Huang confirmed the chips are in “full production” despite recent design issues that caused some delays in customer rollouts. “Blackwell […]
Gold Price Forecast: $2500/oz Re-emerges as US Dollar Index (DXY) Recovers
Gold prices hover around $2500/oz as the DXY strengthens, with markets awaiting key data amidst geopolitical tensions. Gold ETFs see continued inflows, marking a fourth consecutive month of gains, signaling sustained investor interest. Technical analysis reveals a bearish triangle pattern on the Gold chart, suggesting a potential price decline. Most Read: S&P 500, Nasdaq 100 […]
Tesla Reports Rise in Quarterly Deliveries, Yet Shares Decline as Investors Demand More
Tesla shares were down about 4% Wednesday morning after the company posted its third-quarter delivery numbers. (David Zalubowski / Associated Press) Tesla’s quarterly vehicle deliveries rose for the first time this year, giving the company some welcomed good news after a bumpy road that nonetheless left investors underwhelmed. Tesla shares, which were trading at around […]
Gold (XAU/USD) Prices Decrease as Q3 Comes to an End
Gold prices fell due to a stronger dollar and end-of-quarter flows, despite being on track for the best quarter since Q1 2016. The market is awaiting US jobs data on Friday, which could impact rate cut expectations and the US dollar. Gold remains extremely overbought at present, will the NFP report inspire a deeper correction? […]
Stock Futures Show Mixed Signals as Major Indexes Approach Record Highs
:max_bytes(150000):strip_icc()/GettyImages-2161632853-57c0ad5feef54b58969aad23d2fb3e72.jpg?w=1024&resize=1024,1024&ssl=1 "Stock Futures Show Mixed Signals as Major Indexes Approach Record Highs")
Stock futures are mixed on Tuesday as fourth-quarter trading gets underway with major indexes at record highs, while investors await key economic data releases in the coming days. Futures tied to the Dow Jones Industrial Average were down 0.3%, while those linked to the S&P 500 were off less than 0.1% and Nasdaq 100 futures […]
Weekly Market Outlook: Will NFP Jobs Data Deter a 50bps Fed Rate Cut?
US PCE data keeps Fed rate cut hopes alive as inflation moves towards 2% target. Commodity prices fluctuate on geopolitical fears and OPEC+ production plans. US jobs data release is key market-moving event in the week ahead, with potential to impact Fed rate cut decisions. Read More: Bitcoin Price Analysis: Key Support Levels and Market […]