Business

news-17062024-154433

Soft Retail Sales Impact on Fed Hawks’ Rhetoric – Actionable Insights for Traders

At the recent Fed meeting, Chairman Powell briefly mentioned consumer spending, but the focus was mainly on inflation and the Fed's dot plot. The...
news-17062024-154414

Citi Downgrades European Equities, Upgrades US Equities: Reasons and Analysis

A recent note from Citi has caused some waves in the financial world. The note, released on Monday, revealed that Citi has downgraded its...
news-17062024-154351

Mexican Peso Weakens Amid Support for Judicial Reform: What Investors Need to Know

The Mexican Peso faced a slight decline against the US Dollar on Monday, dropping by 0.29% as investors turned risk-averse due to weak economic...
news-17062024-114059

Federal Reserve Caution: Interest Rates Will Remain Steady Amid Cooling Inflation Data

The Federal Reserve has announced that interest rates will remain steady for the time being, despite recent cooling inflation data. The Fed is looking...
news-17062024-112749

Tech Fund Investors Shift Focus: Nvidia Gains 20% Weighting and Billions in Demand, Apple...

Tech investors are turning their attention to Nvidia, causing a major technology exchange-traded fund to shift billions of dollars into the chip giant's shares...
news-17062024-094241

Euro Stable as Market Anxiety Eases – Action Forex

The euro remained stable on Monday, with EUR/USD trading at 1.0714, up 0.10% on the day. The recent market anxiety triggered by the upcoming...
news-17062024-094220

Stock Market Update: Nasdaq Leads Gains in Latest Trading Session

The stock market in the US is seeing an overall increase today, with the NASDAQ index leading the way towards gains. If the NASDAQ...
news-17062024-074029

UK Inflation and BoE Policy Push Pound Sterling Below 1.2700

The Pound Sterling is facing challenges as it continues to weaken against the US Dollar for the third consecutive trading day. Currently, the GBP/USD...
news-17062024-072631

Holiday Week Ahead: Retail Sales, Housing, and PMIs

In the upcoming holiday-shortened week, there are several key data highlights to look out for. The US retail sales report will be released tomorrow,...
news-17062024-072614

Is Trump the reason for record-breaking stock market highs?

The stock market hit record highs on Monday, with the Dow, S&P 500, Nasdaq, and Russell 2000 all reaching new peaks. Investors are excited...