Author: FX
izusek Maybe it was the prevalence of stock-trading apps combined with stimulus checks, but adults under 40 years old saw their wealth rise rise more than middle-aged or older adults since 2019, according to study by the Federal Reserve Bank of New York’s Liberty Economics. For individuals 39 and younger, wealth surged by a whopping 80%. Contrast that with those 40-54, which saw wealth increase by 10% and those 55 and over, which logged in a 30% gain. Financial assets contributed the most to the increase. For those under 40, the real value of their financial assets rose more than…
Uncle Sam is dropping its January inflation data this week! Will the numbers support the Fed pushing back against a March interest rate cut? Let’s take a look to see what market participants are anticipating from the latest CPI report in the United States and how it may influence market prices: This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies High-impact economic event trading guides Access to exclusive MarketMilk™ sections Plus More! Source link
© Reuters. The sun rises behind an oil tanker driving through the Permian Basin in Mentone, Texas, U.S., November 26, 2019. Picture taken November 26, 2019. REUTERS/Angus Mordant/File Photo (Reuters) -Permian rivals Diamondback (NASDAQ:) Energy and Endeavor Energy Resources are close to finalizing a merger that would create an oil and gas company that could be valued at more than $50 billion, the Wall Street Journal reported on Sunday. A deal could be announced by Diamondback with closely held Endeavor as soon as Monday, the report said, adding that Diamondback fended off competition from other parties including ConocoPhillips (NYSE:) in…
MARKET FORECAST: GOLD, US DOLLAR, EUR/USD, GBP/USDGold prices fall on rising U.S. Treasury yields and a strengthening U.S. dollarEUR/USD and GBP/USD inch lower, but manage to hold above important tech levelsThe U.S. inflation report is likely to be a source of volatility in the week aheadMost Read: US Dollar Eyes US CPI for Fresh Signals; Setups on EUR/USD, GBP/USD, GoldGold prices retreated last week in response to rising U.S. Treasury rates. Despite the increase in bond yields, which can negatively impact risk assets at times, U.S. stocks posted a strong performance, with the S&P 500 and Nasdaq 100 closing at…
Our forex strategists mainly focused on the Kiwi this week with a top tier catalyst from New Zealand in play. That turned out to be a great move as two out of three strategy discussion played out very well, creating strong odds of positive outcomes on net. Check out our reviews to see how we did! If you’d like to follow our “Play of the Day” picks right when they are published throughout the week, you can subscribe to BabyPips Premium. On Tuesday, the New Zealand dollar was at the top of our watchlist ahead of the potentially volatile quarterly…
© Reuters. Republican presidential candidate and former U.S. President Donald Trump speaks as he holds a campaign rally at Coastal Carolina University ahead of the South Carolina Republican presidential primary in Conway, South Carolina, U.S., February 10, 2024. REU PARIS (Reuters) -Top western officials criticized former president Donald Trump on Sunday after he suggested the U.S. might not protect NATO allies who aren’t spending enough on defence from a potential Russian invasion. “Any suggestion that allies will not defend each other undermines all of our security, including that of the US, and puts American and European soldiers at increased risk”,…
WANAN YOSSINGKUM Initial public offering activity in the U.S. is likely to continue to improve throughout this year, according to a Goldman Sachs report. “We expect the US economy will continue to grow, the nominal 2-year UST yield will decline modestly, and valuations will remain elevated relative to history,” Goldman Sachs strategists including Ryan Hammond and David Kostin wrote in a report on Thursday. “If soft data improve to match the hard economic data and equity investor pricing of economic growth, it could lead to a further increase in our IPO Issuance Barometer in coming months.” The Goldman Sachs IPO…
UPCOMING EVENTS:Tuesday: Japan PPI, UK Labour Market report, Switzerland CPI, German ZEW, US NFIB Small Business Optimism Index, US CPI.Wednesday: UK CPI, Eurozone Industrial Production.Thursday: Japan GDP, Australia Labour Market report, UK GDP, UK Industrial Production, Switzerland PPI, US Retail Sales, US Jobless Claims, US Industrial Production, US NAHB Housing Market Index, New Zealand Manufacturing PMI, PBoC MLF.Friday: UK Retail Sales, Switzerland Industrial Production, US PPI, US Housing Starts and Building Permits, US University of Michigan Consumer Sentiment. TuesdayThe UK Unemployment Rate is expected to tick higher to 4.0% vs. 3.9% prior. The markets are likely to focus on wage…
© Reuters. FILE PHOTO: International Monetary Fund (IMF) Managing Director Kristalina Georgieva attends the 54th annual meeting of the World Economic Forum, in Davos, Switzerland, January 17, 2024. REUTERS/Denis Balibouse/File Photo By Maha El Dahan and Federico Maccioni DUBAI (Reuters) -The International Monetary Fund said on Sunday Middle East economies were lagging below growth projections due to oil production cuts and the Israel-Gaza conflict, even as the global economic outlook remained resilient. Despite uncertainties, “the global economy has been surprisingly resilient,” IMF managing director Kristalina Georgieva told the Arab Fiscal Forum in Dubai, while warning of a potential wider impact…
Warning: KNYJY is at high risk of cutting its dividend Source link