TSMC’s strong Q4 2024 earnings and positive 2025 forecast boosted market sentiment and drove gains in chip stocks like Nvidia. Overall corporate profits remain strong, with a high percentage of S&P 500 companies exceeding earnings estimates. Technically, the S&P 500 is still in a bearish trend, but a close above the 5981 handle could signal
The Pound Sterling drops as the UK GDP rose at a slower-than-expected pace, and factory activity contracted in November. Traders have raised BoE dovish bets for February’s policy meeting. Investors await the US weekly jobless claims and Retail Sales data for December on Thursday. The Pound Sterling faces selling pressure in Thursday’s North American session after the
Investing.com — UBS Group AG (NYSE:) is advising investors to short the Indian rupee and reduce their holdings in the country’s stocks. The Swiss banking institution’s research division suggests that India’s $4 trillion economy is experiencing a structural slowdown. This downturn isn’t attributed to cyclical factors such as oil price fluctuations or sluggish government expenditure.
2025.01.16 2025.01.16 Top 10 Strongest Currencies in the World in 2025 Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ In times of global instability, currency markets face numerous factors influencing the value of national currencies. Variables like inflation, interest rates, and trade balance play a crucial role in shaping the exchange rate. The highest currency serves not only as a sign
2025.01.16 2025.01.16 Pound Rebounds as UK Bond Turmoil Calms. Forecast as of 16.01.2025 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ When the central bank accelerates its rate-cutting cycle, the currency typically encounters a decline. However, the GBPUSD pair surged on the back of slowing inflation in the UK. At first glance, this may seem counterintuitive, but the surge was driven
Yen’s near term rebound gained momentum again today, supported by BOJ Governor Kazuo Ueda’s persistent messaging about a potential rate hike at next week’s policy meeting. Ueda’s repeated remarks are interpreted as laying the groundwork for markets to brace for a monetary policy shift. While recent polls as of last week indicated only a minority
Fundamental Overview The USD weakened across the board yesterday following the softer than expected US Core CPI data as Treasury yields fell aggressively in what could be the peak in inflation hysteria and repricing in rate cuts expectations. Strangely enough, the US Dollar eventually erased all the losses and ended the day pretty much flat
The UK economy expanded slightly in November after two consecutive contractions, the Office for National Statistics reported Thursday. Gross domestic product grew 0.1 percent on a monthly basis in November, following an unrevised fall of 0.1 percent in October. GDP was expected to grow 0.2 percent. Data showed that the services sector was the largest
The Japanese Yen gains positive traction for the second straight day amid BoJ rate hike bets. The narrowing of the US-Japan yield differential provides an additional boost to the JPY. The risk-on mood caps the JPY and helps USD/JPY to rebound from a multi-week low. A modest USD uptick contributes to the pair’s bounce, though
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
Investing.com– Most Asian currencies firmed slightly on Thursday, while the dollar retreated as mildly softer U.S. inflation data fueled expectations of lower interest rates. Among major regional movers, the South Korean won rose slightly after the Bank of Korea unexpectedly held interest rates, amid heightened political uncertainty in the country. The Japanese yen raced to
The unemployment rate in Australia came in at a seasonally adjusted 4.0 percent in December, the Australian Bureau of Statistics said on Thursday – in line with expectations and up from 3.9 percent in November. The Australian economy added 56,300 jobs last month, blowing away expectations for an increase of 14,500 following the downwardly revised
The NZD/JPY cross entered deeper negative territory on Wednesday, giving back 0.77% as it settled around 87.80. Source link
By Anshuman Tripathy (Reuters) -Beacon Roofing Supply on Wednesday rejected a $11 billion takeover offer from QXO, a new player in the building products distribution industry, saying its proposal “significantly undervalues” the roofing material supplier. Earlier on Wednesday, QXO CEO and billionaire Brad Jacobs made public its $124.25 per share offer for Virginia-based Beacon and
The Australian dollar is higher for a third consecutive trading day. In the North American session, AUD/USD is trading at 0.6233, up 0.63% at the time of writing. US headline CPI is rises to 2.9%, core CPI eases to 3.2% The US inflation report for December was a mixed bag, as headline CPI rose while
Stock heatmap by FinViz.com Wed, 15 Jan 2025 14:46:12 GMT Sector Overview Today’s stock market heatmap reveals a strong performance across several sectors, with notable gains in technology, consumer cyclical, and automotive sectors. 📈 Technology: Major players like Microsoft (MSFT) and Oracle (ORCL) have witnessed gains of 0.81% and 1.49% respectively. This uptick comes as
Dollar extended its near-term pullback in early trading after core inflation data for December came in slightly below expectations, offering a degree of relief to traders and investors. Treasury yields also retreated, with the 10-year yield falling back below the 4.7% mark. Core CPI rose by 3.2% yoy, down from 3.3%, a result that eased
