Author: FX
Most Read: Gold Price Outlook Rests on Fed’s Guidance, Nasdaq 100 Breaks OutThe U.S. dollar could face increased volatility in the coming days, courtesy of several high-impact releases on the economic calendar, although the most important risk event for financial markets will likely be the FOMC decision, particularly with the November Consumer Price Index report in the rear-view mirror and behind us.The Federal Reserve will announce its December monetary policy verdict on Wednesday. Officials are expected to retain the status quo for the third consecutive gathering, keeping borrowing costs in their current range of 5.25% to 5.50%.In terms of forward…
2/2 © Reuters. Grzegorz Braun, far-right Polish lawmaker from Confederation party, interacts with the media after using a fire extinguisher to put out Hanukkah candles at the parliament in Warsaw, Poland December 12, 2023. Dawid Zuchowicz/Agencja Wyborcza.pl via REUTERS 2/2 WARSAW (Reuters) – A far-right Polish lawmaker used a fire extinguisher to put out Hanukkah candles in the country’s parliament, leading the speaker to exclude him from the sitting and provoking outrage. Footage posted on the website of private broadcaster TVN24 showed Grzegorz Braun of the Confederation take the extinguisher before walking across the lobby of the parliament to where…
The major US stock indices are trading mixed with the S&P and Nasdaq trading above and below unchanged (now lower). The Dow is holding onto small gains at the open The CPI data was around expectations. It just wasn’t bad but it wasn’t better than expected. As a result, the pre-market open gains have been erased. A snapshot of the market is showing:Dow industrial average is up 7.5 points or 0.03% at 36412S&P index is down -10.56 points or -0.23% at 4612.05Nasdaq is down -20 points or -0.14% at 14411In the US debt market, yields are now trading up on…
Share: Inflation in the US, as measured by the change in the Consumer Price Index (CPI), declined to 3.1% on a yearly basis in November, the US Bureau of Labor Statistics (BLS) reported on Tuesday. This reading followed October’s reading of 3.2% and came in line with the market expectation. The annual Core CPI inflation, which excludes volatile food and energy prices, held steady at 4% as forecast. On a monthly basis, the CPI and the Core CPI rose 0.1% and 0.3%, respectively. Follow our live coverage of the US inflation data and the market reaction. Market reaction…
Article by IG Senior Market Analyst Axel RudolphDow Jones, Nasdaq 100, Nikkei 225 – Analysis and ChartsDow hits fresh post-January 2022 highThe index continues to demonstrate strong momentum, pushing to its highest level since early 2022, even as the latest US CPI print and Fed meeting loom large in the week’s calendar. The next step would be a test of 36,570, and then on to the record high at 36,954. So far downside momentum has been lacking, though a short-term pullback towards the summer highs at 35,690 would leave the overall move higher intact.Dow Jones Daily ChartNew to Trading? -…
ADC Therapeutics (NYSE:ADCT) shares jumped 13% premarket on Tuesday after reporting encouraging early results for a combination therapy for patients with relapsed/refractory follicular lymphoma (FL). In an investigator-initiated Phase 2 clinical trial, Zynlonta (loncastuximab tesirine-lpyl), a CD19-directed antibody drug conjugate, in combination with monoclonal anti-CD20 antibody rituximab led to 96.3% overall response rate and 85.2% complete response rate in r/r FL patients. After a median follow-up of 9.7 months, the median progression-free survival (PFS) was not reached, and the 12-month PFS was 92.3%. The data is from a single-institution study conducted at the Sylvester Comprehensive Cancer Center at the University…
© Reuters. Prime Minister Rishi Sunak speaks during a press conference in the Downing Street Briefing Room, in London, Britain December 7, 2023. James Manning/Pool via REUTERS/File Photo By Andrew MacAskill, Michael Holden and Sarah Young LONDON (Reuters) -British Prime Minister Rishi Sunak faces the biggest parliamentary test of his premiership on Tuesday when lawmakers vote on his divisive plan to send asylum seekers to live in Rwanda. The UK Supreme Court ruled last month that Rwanda was an unsafe place to send those arriving in small boats on England’s southern coast, and that the policy would breach British and…
EUR/GBP is testing the top of its December range! Will today’s U.K. data release finally push EUR/GBP out of its consolidation? We’re taking a closer look at the 15-minute time frame for clues: 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
A further drop in wholesale prices on the month is a welcome development with lower prices for mineral oil products contributing in that manner. Just take note that the indices of wholesale selling prices will be rebased to 2021 as of reference month April 2024, with the first results for the new base year to be released in May 2024. This article was written by Justin Low at www.forexlive.com. Source link
Share: Cycle from 10.26.2023 low in QQQ remains in progress as a 5 waves impulse Elliott Wave structure. Up from 10.26.2023 low, wave 1 ended at 348.84 and pullback in wave 2 ended at 344.08. The ETF then made a strong rally in wave 3 towards 394.14. Pullback in wave 4 ended at 382.66 as a double three Elliott Wave structure. Down from wave 3, wave (a) ended at 389.46, wave (b) ended at 391.82, and wave (c) lower ended at 385.82. This completed wave ((w)). Rally in wave ((x)) ended at 390.74 as a flat structure. QQQ…