Markets are becoming increasingly confident that the Federal Reserve will start cutting interest rates in 2024. The first cut is expected at the March 20 monetary policy meeting.FreepikFed funds futures are pricing in a 70%-plus probability that the central bank will
December 20, 2023
Image Source: Unsplash On Monday, U.S. Steel agreed to a takeover bid by Japan’s Nippon Steel for $14.1 billion. Ironically, U.S. protectionism played a role.Takeover DramaThe New York Times reports U.S. Steel to Be Bought by Japanese Rival After Takeover Drama U.S.
TM Editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence.Company: BYD Company LimitedBloomberg ticker: 002594 SZMarket cap: US$93,304mBackground: BYD Company Limited is a China-based company principally engaged in the manufacture and sales of
Image Source: DepositPhotosPolish labour market data for November confirms both strong wage growth and employment deteriorating very slowly. Wage growth in the corporate sector should remain in double-digits in 2024. As inflation stabilises, fairly high real wage growth is set to be
Red Sea Disruption Supporting OilOil prices are rising for a third straight session today as concerns over Red Sea shipping routes fuel a spike in prices. Many major companies including those transporting oil have paused shipping routes through the Red
Wednesday’s USD/CAD price analysis revealed a bearish sentiment as investors adjusted their expectations, stepping back from expecting interest rate cuts by the Bank of Canada in the upcoming months. This expectation shift came after domestic data revealed that Canada’s inflation
Image Source: Pexels As of Tuesday’s stock market close, the Dow Jones Index (US30) was up by 0.68%, while the S&P 500 Index (US500) added 0.59%. The Nasdaq Technology Index (US100) closed positive by 0.66%. Meanwhile, the Dow Industrials (US30) and Nasdaq (US100) indices rose to new all-time highs.
Image Source: Unsplash The Bank of Japan met this week and failed to signal a clear end to its negative interest rate policy. This allowed the JPY to weaken and lifted the JPY crosses higher.However, the big picture has not changed!
Image Source: Unsplash FedEx reported a challenging second quarter in 2024 with adjusted EPS falling short expectations.FedEx Corporation (FDX) recently released its financial results for the second quarter of 2024. The company reported a diluted EPS of $3.55 and an adjusted
The EUR/USD pair also reacted to the mixed economic data from the US. Bearish view Sell the EUR/USD pair and set a take-profit at 1.0900. Add a stop-loss at 1.1000. Timeline: 1-2 days. Bullish view Set a buy-stop at 1.0990 and a take-profit
