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Month: October 2024

Cryptocurrencies

Goldman Sachs analyst overhauls S&P 500 targets for 2024 and 2025

Goldman Sachs has boosted its year-end target for the S&P 500, while projecting more gains for the benchmark in 2025, as stocks continue to power higher on the back of solid economic growth, falling Federal Read more…

By , 1 year ago October 7, 2024
Cryptocurrencies

Stock Market Today: Stocks slide as oil, Treasury yields power higher

Check back for updates throughout the trading day U.S. equity futures moved lower in early Monday trading, while Treasury bond yields jumped to the highest levels in two months, as investors looked to reset market Read more…

By , 1 year ago October 7, 2024
Cryptocurrencies

Eurozone retail sales rise 0.2% mom in Aug, EU up 0.3% mom

Eurozone retail sales volume rose 0.2% mom in August, matched expectations. The increase was driven by a 0.2% rise in food, drinks, and tobacco sales, a 0.3% boost in non-food products (excluding automotive fuel), and Read more…

By , 1 year ago October 7, 2024
Cryptocurrencies

Eurozone Sentix rises to -13.8, expectations jump on ECB cut and China stimulus

Eurozone Sentix Investor Confidence edged up in October, rising from -15.4 to -13.8, slightly better than the forecast of -13.9. Current Situation Index saw its fourth consecutive decline, down from -22.5 to -23.3, its lowest Read more…

By , 1 year ago October 7, 2024
Cryptocurrencies

News of the Week (October 7—October 11): NZDUSD Market Overview

Major movement ahead in NZDUSD—time to prepare! The NZDUSD pair, often referred to as the “Kiwi,” represents the exchange rate between the New Zealand Dollar and the US Dollar. The New Zealand Dollar is influenced Read more…

By , 1 year ago October 7, 2024
Cryptocurrencies

EUR/USD Analysis: The Exchange Rate Falls Below 1.100

As shown in today’s EUR/USD chart, the euro has dropped below the 1.100 level against the US dollar. This decline is partly due to Friday’s strong US jobs report, which revealed: → the largest job Read more…

By , 1 year ago October 7, 2024
Cryptocurrencies

Dollar in Recovery Mode, Ahead of US CPI Data

This week could be very interesting, especially after last week’s volatility in the currency markets. The US dollar saw strong gains following speculation and comments from the Fed indicating they are not in a hurry Read more…

By , 1 year ago October 7, 2024
Cryptocurrencies

BoJ upgrades economic outlook for two regions, cautions on wage pressures for small firms

In its latest Regional Economic Report, BoC indicated that all nine regions in the country are “recovering moderately, picking up, or picking up moderately”. Also, BoJ upgraded its economic assessments for the Hokuriku and Tokai Read more…

By , 1 year ago October 7, 2024
Cryptocurrencies

EURUSD Pauses Southward Run Near 1.0950

EURUSD posts 6 red sessions Price plunges below 1.1000 Stochastics indicates upside recovery But RSI keeps falling EURUSD plummeted more than 2% after the pullback from the double top around 1.1200, recording six straight red Read more…

By , 1 year ago October 7, 2024
Cryptocurrencies

Payrolls Proved to be a Game-changer

Markets The US September payrolls report beat market expectations for all key metrics. It also made markets question the need for ‘aggressive’ Fed-support to prevent a potential unwarranted softening of the labour market. US job Read more…

By , 1 year ago October 7, 2024

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