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UK Growth Continues to Show Signs of Recovery Despite Stagnant June Print
UK Growth Continues to Show Signs of Recovery Despite Stagnant June Print
Aug 15, 2024
UK GDP, GBP/USD Analysis UK GDP for Q2 expanded as expected but June reveals stagnant growthGrowth trends reveal optimism as the UK enters the rate cutting cycleSterling’s pullback reaches a point of reflection Recommended by Richard Snow Get Your Free GBP Forecast UK GDP for the Second Quarter as Expected – June Reveals Stagnant Growth The first look at economic...
Strong Yen Weighed on Japan’s Trade Balance in July, Fed Speakers up Next
Strong Yen Weighed on Japan’s Trade Balance in July, Fed Speakers up Next
Aug 21, 2024
Japanese Yen (USD/JPY) Analysis Japan’s July trade balance likely impacted by a significantly stronger yenEconomists and market participants expect another rate hike this yearUSD/JPY bearish continuation may receive a helping hand from the Fed Recommended by Richard Snow Get Your Free JPY Forecast Japan’s July Trade Balance Likely Impacted by a Significantly Stronger Yen Japan’s trade balance in July was...
US Dollar Remains Weak Ahead of Jackson Hole, USD/JPY and Gold Latest
US Dollar Remains Weak Ahead of Jackson Hole, USD/JPY and Gold Latest
Aug 19, 2024
US Dollar (DXY), USD/JPY, and Gold Latest US dollar weakens further ahead of key Fed chair speechUSD/JPY looks technically weakGold consolidating Friday’s record high.This year’s Jackson Hole Symposium – “Reassessing the Effectiveness and Transmission of Monetary Policy” – will be held on August 22-24 with Fed chair Jerome Powell’s keynote speech on Friday as the main attraction. Traders expect chair...
US CPI Steadies Around Estimates – USD and Treasuries Rise
US CPI Steadies Around Estimates – USD and Treasuries Rise
Aug 15, 2024
US CPI Analysis US CPI prints mostly in line with estimates, yearly CPI better than expectedDisinflation advances slowly but shows little signs of upward pressureMarket pricing around future rate cuts eased slightly after the meeting Recommended by Richard Snow Get Your Free USD Forecast US CPI Prints Mostly in Line with Expectations, Yearly CPI Better than Anticipated US inflation remains...
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Stocks Mostly Up Pre-Bell as Investors Digest US Attack on Iran
Stocks Mostly Up Pre-Bell as Investors Digest US Attack on Iran
Jun 23, 2025
07:21 AM EDT, 06/23/2025 (MT Newswires) -- The benchmark US stock measures were mostly edging higher before the opening bell Monday as traders evaluate President Donald Trump's decision to have the US join Israel's attacks on Iran, potentially risking a wider conflict in the Middle East. The S&P 500 rose 0.1% and the Nasdaq was slightly in the green, while...
Sector Update: Health Care
Sector Update: Health Care
Jun 23, 2025
08:54 AM EDT, 06/23/2025 (MT Newswires) -- Health care stocks were steady premarket Monday with the Health Care Select Sector SPDR Fund (XLV) easing 0.02% and the iShares Biotechnology ETF (IBB) inactive recently. Novo Nordisk ( NVO ) said it has halted its collaboration with Hims & Hers Health ( HIMS ) on the sale of weight loss drugs, including...
Sector Update: Financial
Sector Update: Financial
Jun 23, 2025
08:57 AM EDT, 06/23/2025 (MT Newswires) -- Financial stocks were leaning lower pre-bell Monday with the Financial Select Sector SPDR Fund (XLF) easing 0.04% recently. The Direxion Daily Financial Bull 3X Shares (FAS) was down 0.2% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 0.3% higher. Fiserv ( FI ) shares were up nearly 6% after...
Geopolitical Tensions Stifle US Equity Futures Pre-Bell
Geopolitical Tensions Stifle US Equity Futures Pre-Bell
Jun 23, 2025
08:08 AM EDT, 06/23/2025 (MT Newswires) -- US equity futures were little changed pre-bell Monday as traders stayed on the sidelines after the US attacked three key Iranian nuclear sites over the weekend. Dow Jones Industrial Average futures, S&P 500 futures, and Nasdaq futures were all down around 0.2%. Investors are monitoring the potential military response from Iran following the...
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Exchange-Traded Funds, Equity Futures Higher Pre-Bell Thursday Ahead of Key Economic Data
Exchange-Traded Funds, Equity Futures Higher Pre-Bell Thursday Ahead of Key Economic Data
Sep 2, 2024
08:23 AM EDT, 08/29/2024 (MT Newswires) -- The broad market exchange-traded fund SPDR S&P 500 ETF Trust ( SPY ) was up 0.3% and the actively traded Invesco QQQ Trust (QQQ) was 0.2% higher in Thursday's premarket activity, ahead of key economic data due later in the day. US stock futures were also higher, with S&P 500 Index futures up...
CIBC Comments on Canada's GDP Data
CIBC Comments on Canada's GDP Data
Sep 2, 2024
08:51 AM EDT, 08/30/2024 (MT Newswires) -- Growth in the Canadian economy was modestly better than expected in Q2, but weak momentum heading into Q3 gives ample reason for the Bank of Canada (BoC) to continue cutting interest rates, said CIBC citing data released Friday. The 2.1% annualized growth rate in Q2 was slightly higher than a 1.8% consensus estimate...
Blackstone nears A$20 billion deal to acquire AirTrunk, Bloomberg News reports
Blackstone nears A$20 billion deal to acquire AirTrunk, Bloomberg News reports
Sep 2, 2024
(Reuters) - Blackstone is nearing a deal to acquire Australian data centre group AirTrunk for A$20 billion ($13.53 billion) including debt, Bloomberg News reported on Monday, citing people familiar with the matter. ($1 = 1.4782 Australian dollars) (Reporting by Gnaneshwar Rajan in Bengaluru; Editing by Mrigank Dhaniwala) ...
Market Chatter: Equinor to Downsize Renewables Division, Starts Union Talks
Market Chatter: Equinor to Downsize Renewables Division, Starts Union Talks
Sep 2, 2024
12:46 PM EDT, 08/30/2024 (MT Newswires) -- Equinor ( EQNR ) plans to downsize its renewables division and is starting talks with unions about the impact on employees, Bloomberg reported Friday. The oil major will prioritize profitability over growth by reducing renewables projects and markets, while it has also started a dialogue with union representatives, about job impacts and is...
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900,000,000 XRP Bought in 48 Hours: Next Stop $3.60 for Ripple?
900,000,000 XRP Bought in 48 Hours: Next Stop $3.60 for Ripple?
Aug 12, 2025
TL;DR Whales accumulated 900M XRP, pushing trading volume up 69% after Ripple-SEC settlement closed. Analysts say breaking $3.27 could lead XRP to $3.60, with $3.37 and $3.5 as stops. Support zone at $2.95 – $3.11 seen as ideal entry before targeting range highs or ATH. Whale Activity and Rising Volumes In the last two days, large holders have purchased 900...
Bitcoin Slipped Below $120K, These Altcoins Crash Harder: Market Watch
Bitcoin Slipped Below $120K, These Altcoins Crash Harder: Market Watch
Aug 12, 2025
Bitcoin experienced a price decline over the past 24 hours, but remains in green territory on a weekly basis.  ETH held its ground at around $4,300, but several well-known altcoins plunged by double digits on a daily basis. BTC Couldnt Keep the Momentum The primary cryptocurrency briefly surged past $122,000 on August 11, while its market capitalization reached almost $2.5...
BlackRock Buys 150,000 ETH: ETFs See Record $1 Billion in Inflows
BlackRock Buys 150,000 ETH: ETFs See Record $1 Billion in Inflows
Aug 12, 2025
The nine US-listed spot Ether ETFs saw an aggregate inflow of $1.02 billion on Monday, the highest ever inflow since the products launched in mid-2024, as around 240,000 ETH was hoovered up by institutional investors. The big inflow day adds to a five consecutive trading day inflow streak totalling $1.8 billion. Ether ETFs have now seen a total aggregate inflow...
$4,300 Milestone Helps Ethereum Push Institutional AUM to Record $32.6 Billion
$4,300 Milestone Helps Ethereum Push Institutional AUM to Record $32.6 Billion
Aug 12, 2025
Investment products tied to digital assets registered $572 million in inflows last week, and reversed the early-week trend. Outflows reached $1 billion in the initial days, likely due to concerns over slowing growth following poor US payroll figures. The tide turned in the latter half, with $1.57 billion flowing in after the government allowed digital assets in 401(k) retirement plans....
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