S&P 500, Nasdaq 100, Dow Jones Forecast for the Week Ahead
Stocks have generally been strong, but that outlook could come under some pressure in the days/weeks ahead; scenarios and levels to watch.
BTC/USD Fundamental Outlook: Bitcoin, Ether & Cardano Boosted by NFP
Economic data continues to influence the fundamental backdrop with Bitcoin (BTC/USD), Ethereum (ETH/USD) & Cardano (ADA) benefiting from easing recession fears.
Crude Oil Technical Forecast: WTI Chart Shows More Losses Ahead
WTI crude oil prices fell nearly 10% last week, dragging prices to the lowest mark since February. The commodity’s chart shows additional losses may lie ahead after breaking below key levels.
Australian Dollar Outlook: RBA and Trade Play Out in AUD
The Australian Dollar jumped around through the week, with an RBA rate hike and Fed speakers undermining it before trade data provided some support. Where to for AUD/USD?
Gold and Silver Technical Outlook: XAU/USD Eyes Breakout as XAG/USD Struggles
Gold prices closed above a key trendline last week, but progress has been somewhat lacking. Meanwhile, silver is struggling to keep up, is this a sign of weakness?
Sterling Creeps Lower vs Dollar after BoEs Gloomy Outlook
LONDON, Aug 5 Reuters The British pound eased against the U.S. dollar on Friday, a day after the Bank of England BoE raised interest rates by the most in 27 years in an attempt to smother surging inflation but delivered a stark warning about growth. The BoE lifted its main interest rate by 50 basis […]
LSEG says Refinitiv Costs and Savings on Track
LONDON, Aug 5 Reuters London Stock Exchange Group39;s LSEG cost and savings targets for integration of data company Refinitiv are on track, it said after halfyear results and the launch of a larger than expected 750 million pound 911 million share buyback. Investors are closely monitoring the integration of Refinitiv, which LSEG bought for 27 billion […]
London Shares Fall as Energy Stocks Weigh
FTSE 100 still headed for weekly gains LSE rises, says Refinitiv costs and savings on track FTSE 100 down 0.1, FTSE 250 adds 0.1 Aug 5 Reuters UK shares fell on Friday, with energy stocks leading the declines, a day after the Bank of England raised interest rates by the most in 27 years. The […]
GBP Down as BoE forecasts Recession; US NFP
Rates as of 0500 GMT Market Recap The Bank of England demonstrated that its not what you do but what you say that affects the markets recently as we saw earlier in the week with the Reserve Bank of Australia. The BoE hiked by 50 bps, the largest such increase since 1995, but warned that […]
European Stocks Slip, Oil Recovers, Traders Await Data
LONDON, Aug 5 Reuters European equities slipped slightly on Friday but were still set for a weekly gain, while traders waited for U.S. jobs data due later in the session to give clues as to the health of the world39;s largest economy. The MSCI world equity index, which tracks shares in 47 countries, was up […]