News from the economy, politics and the financial markets
In this section of our news section we provide you with editorial content from leading publishers.
Latest news
White House Economic Adviser Hasset: Powell probably agrees it's prudent to cut rates
White House Economic Adviser Kevin Hassett said that they should continue lowering the rate and that Federal Reserve (Fed) Chair Jerome Powell probably agrees it's prudent to cut rates in an interview with CNBC on Monday.
AIZ Elliott Wave analysis: Short term trade idea aiming $250
AIZ maintains the bullish sequence from the March 2020 low. In November, the stock broke a key resistance level and set up new opportunities for buyers from the dip targeting $250 next. This blog post explains the overall view and where buyers could find new entries.
BlackRock (BLK) next buying opportunity below $1,000
We previously mapped BlackRock’s (NYSE: BLK) bullish weekly path earlier this year. Today, our analysis continues with the Elliott Wave structure behind its rally from the 2022 low. This update highlights the next high-probability buying opportunity emerging for the stock.
McDonald’s (MCD) is lagging, will it burn out or bounce back?
McDonald’s (MCD) stock has faced short-term pressure, dropping about 2% recently, yet its fundamentals remain strong. The company continues to benefit from its global franchising model, which delivers high margins and stable cash flow.
WTI Crude’s reversal from $60.00 extends to levels near $59.00
Oil prices are trading nearly $1 lower on the day on Monday, as the commodity’s reversal from Friday’s highs above $60.00 extends to session lows below $59.20 ahead of the American session opening times.
S&P 500: The S&P 500 is starting to come under increasing pressure
Failure to break above the trend‑channel line has been the tell. Small ranges since late Nov = momentum fading. Stochastics now turning bearish, giving sellers the advantage.
Silver consolidates as markets await Fed decision amid geopolitical tensions
Silver (XAG/USD) remains stable at the start of the week, trading around $58.40 on Monday at the time of writing, up 0.1% on the day. The white metal extends its consolidation phase, as investors avoid taking fresh positions before the Federal Reserve’s policy announcement on Wednesday.
Singapore Foreign Reserves (MoM) rose from previous 392.2B to 400B in November
Singapore Foreign Reserves (MoM) rose from previous 392.2B to 400B in November
Pound Sterling trades broadly stable in calm start of the week ahead of the Fed
The Pound Sterling (GBP) trades calmly against its major currency peers at the start of the week, hovering at around 1.3320 against the US Dollar (USD).
Gold holds firm above $4,200; awaits Fed rate decision on Wednesday before the next leg up
Gold (XAU/USD) sticks to its modest intraday gains through the early European session on Monday, though it lacks bullish conviction and remains confined in a one-week-old trading range.
USD/INR gains on consistent foreign outflows, RBI’s rate cut
The Indian Rupee (INR) trades lower against the US Dollar (USD) at the start of the week.
EUR/USD holds gains with markets muted in key week for the Federal Reserve
EUR/USD is trading higher on Monday, but remains within last week's range, changing hands at 1.1665 at the time of writing after bouncing from 1.1630 lows on Friday.
USD/CAD Price Forecast: At an important support area around 1.3820
The US Dollar remains in a strongly bearish trend against the Canadian Dollar. The pair lost nearly 2% in the last two weeks, and upside attempts remain limited.
Japanese Yen bulls seem hesitant ahead of the crucial Fed rate decision on Wednesday
The Japanese Yen (JPY) extends its sideways consolidative price move through the early European session on Monday, though the near-term bias seems tilted in favor of bullish traders.
Japan Tsutsui: Focuses to maintain 10-year JGBs at 2%
Japan's Keidanren Chair Tsutsui said during the European trading session on Monday that negotiators are expected to visit China in January to discuss over trade.
Germany Industrial Production n.s.a. w.d.a. (YoY) increased to 0.8% in October from previous -1%
Germany Industrial Production n.s.a. w.d.a. (YoY) increased to 0.8% in October from previous -1%
EUR/GBP strengthens to near 0.8750 on upbeat German Industrial Production data
The EUR/GBP cross gains traction to near 0.8750, snapping the three-day losing streak during the early European trading hours on Monday. The Euro (EUR) edges higher against the Pound Sterling (GBP) after the German Industrial Production data.
German Industrial Production climbs 1.8% MoM in October vs. -0.4% expected
Germany’s industrial sector activity rose more than expected in October, the latest data published by Destatis showed on Monday.
Crude Oil price today: WTI price bullish at European opening
West Texas Intermediate (WTI) Oil price advances on Monday, early in the European session. WTI trades at $60.00 per barrel, up from Friday’s close at $59.91.
Germany Industrial Production s.a. (MoM) registered at 1.8% above expectations (-0.4%) in October
Germany Industrial Production s.a. (MoM) registered at 1.8% above expectations (-0.4%) in October
Showing 301 to 320 of 4294 entries
