EURUSD lost some ground on Friday after hawkish comments from Fed’s Waller. While new week was also launched with a move lower, bulls managed to regain ground and are now trying to push the pair back above 1.10 mark. Source: xStation5
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14
Apr
Apr
US Banks Are Soaring- JPMorgan And Wells Fargo Results Above Expectation
The United States’ largest banks JP Morgan & Chase (JPM.US), Wells Fargo (WFC.US) and Citigroup (C.US) reported Q1 financial results that beat Wall Street analysts’ expectations. The strong results eased fears around the banking crisis, and the companies’ stocks are gaining ahead of the open. JP Morgan shares gained nearly 6%, Wells Fargo 4%, and Citigroup was trading 2% higher […]
14
Apr
Apr
Breaking: US Industrial Production Above Expectations
US, Industrial Production for March. Higher than expected data suggests that US economy is still strong which increases the probability that the Fed will continue rate hikes at the next meeting. On the other hand, recent publications proved a mixed sentiment in US economy, which indicates that the US economy has at least slowed down the growth. US500 […]
14
Apr
Apr
Waller And Bostic See Another Rate Hike
Earlier, before the start of the Wall Street session and before the release of retail sales data, Bostic spoke on interest rates. In his opinion, interest rates should be raised by 25 bps in May. To this, Waller also presents his opinion, noting the decline in inflation, but in his opinion, the Fed’s task is […]
14
Apr
Apr
S&P500 Drops Ahead of Retail Sales
📆 Key report on condition of US consumer to be released at 1:30 pm BST Previous week saw release of solid data from the US jobs market while earlier this week investors were offered softer-than-expected data on US CPI and PPI inflation gauges. Now the time has come for the release of the US retail […]
14
Apr
Apr
Fed Bostic Comments Have Positive Effects on USDIDX
The U.S. dollar index is trying to halt the leading bearish trend, although JPMorgan Bank indicated that there is a deterioration in the “weighted average” economic outlook, and Credit Suisse updated its forecast today and gives an 80% chance of a recession in the U.S. over the next 12 months versus an earlier projection of […]
14
Apr
Apr
BlackRock And UnitedHealth Results Received Positively on Wall Street
BlackRock (BLK.US) and UnitedHealth Group (UNH.US), an insurance and healthcare company, showed results for Q1. Although the results – especially BlackRock’s in essence – do not impress, the shares of both companies are trading slightly higher after the publications, in pre-opening trade in the US market. Later in the hour, key banking sector results from JP Morgan, […]
14
Apr
Apr
Dogecoin Maintains Momentum
Elon Musk has told Morgan Stanley analysts that he wants to make Twitter the world’s largest financial institution. Although the process is a long way off and its finale uncertain, Twitter announced yesterday that it will indirectly make stock and cryptocurrency trading available to users. The beneficiary of this news was Dogecoin, a cryptocurrency associated […]
14
Apr
Apr
Chart of The Day (Ethereum)
Cryptocurrencies are on the move in recent days. Softer inflation readings from the United States triggered a slump in USD and supported riskier assets, including cryptocurrencies. Moreover, it was reported recently that the London Stock Exchange will offer regulated trading and clearing in Bitcoin derivatives, namely futures and options. Improvement in moods towards cryptocurrencies led […]
14
Apr
Apr
Amazon Joins The AI Race
Yesterday, Amazon (AMZN.US) shares gained nearly 5% as the company unveiled a GPT-competing AI technology called ‘Bedrock’. If today’s bank results support sentiment on Wall Street, the company could extend its rise. In a letter to shareholders, CEO Andy Jassy stressed that he will be able to reduce the company’s costs and believes in its […]