We expect another 25-bps cut to the overnight rate (to 4.25%) from the BoC meeting next week to build on cuts already delivered in each of the prior two meetings in June and July. Comments Read more…
TheStreet aims to feature only the best products and services. If you buy something via one of our links, we may earn a commission. There are so many different types of vacuums on the market Read more…
Traders see decent chance for 50bps Fed cut in September Powell adds extra importance to jobs data, NFP awaited BoC decides on rates, third consecutive cut is fully priced in Aussie traders lock gaze on Read more…
You can do everything right but still get punished. That’s especially true regarding the stock market and may be true for Nvidia, this past year’s artificial intelligence darling. Nvidia has ridden a tsunami of interest Read more…
Markets were in waiting mode ahead of final pivotal data releases before September’s round of central bank meetings. Equity markets were mixed, with European main indices outperforming their US counterparts amid Nvidia’s somewhat disappointing earnings report, Read more…
Transcript: Conway Gittens: I’m Conway Gittens reporting from the New York Stock Exchange. Here’s what we’re watching on TheStreet today. A tame inflation report gives Wall Street the green light to move higher. The Personal Consumption Read more…
Markets Easy base effects due a high monthly EMU CPI reading last year already foreshadowed a substantial cooling of EMU headline inflation this month. On top of that, German (2.0%) and Spanish (2.4%) national data Read more…
Gold has hit a glass ceiling at $2525 an ounce on the spot market, which it has been battling against for the past two weeks. A series of smaller and smaller pullbacks and more frequent Read more…
Personal income grew 0.3% month-on-month (m/m) in July, up from June’s 0.2% gain and above market expectations (0.2%). Accounting for inflation and taxes, real personal disposable income grew 0.1% for a second consecutive month. Personal Read more…
Daily Pivots: (S1) 0.8418; (P) 0.8456; (R1) 0.8512; More….. Intraday bias in USD/CHF remains neutral as consolidations continues above 0.8399. Further decline is expected as long as 0.8540 minor resistance holds. Break of 0.8339 will Read more…