#MarketNews
π Good morning, dear traders! How are you? Letβs discuss the most exciting news for the beginning of the week.
π₯ Gold prices surged to a record high of $2,589 per ounce amid growing bets on a Federal Reserve rate cut and reports of a second assassination attempt on Donald Trump.
βοΈ The Federal Reserve is expected to lower interest rates by at least 0.25% this week for the first time in over four years to achieve a soft landing for the US economy. Some investors anticipate a 0.50% cut.
π¬π§ Traders expect the Bank of England to accelerate rate cuts starting in November, with Goldman Sachs predicting a 0.25% reduction amid slowing growth and a Β£22 billion fiscal shortfall.
π¨π³ China's deepening slowdown in August, with industrial output and investment falling short, has prompted growth forecasts of 4.6%-4.7%, below the 5% target.
π―π΅ The yen strengthened beyond 140 per dollar for the first time since 2023, rallying from a low of 161.95 in July. This quarter, the yen marked a 15% gain amid expectations of a narrowing US-Japan interest rate gap.
π’ According to the US offshore energy regulator, nearly a fifth of crude oil and 28% of natural gas production in the US Gulf of Mexico remains offline after Hurricane Francine.
π Intel has secured a $3.5 billion federal grant to produce semiconductors for the Pentagon under the Secure Enclave program, supporting facilities in Arizona and other US states. #INTEL stock up 1.55%
π© More than 30,000 Boeing factory workers went on strike, halting production after rejecting a labor contract with 96% voting in favor of the walkout, marking the first strike since 2008. Shares of #BA fell 3.69%.
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#MarketNews
βοΈ Happy Tuesday, dear traders! Let's check the news moving the financial markets today:
π’ The oil market faces a potential short squeeze as speculators hold a historic net short position on Brent, while supply concerns may be overstated. XBRUSD rises to 72.68
π© Due to the strike, Boeing's credit rating is under review for a potential downgrade to "junk" status. #BA shares declined to 155.53.
π―π΅ Futures traders have flipped from a record short to the most prominent long position in the yen since 2016. USDJPY consolidates at 140.57.
π± iPhone 16 sales during the first weekend are estimated at 37 million units, down 12.7% compared to the iPhone 15's launch weekend sales last year. Apple shares fell to 216 (-2.70%).
π¨π³ According to CNBC, major investors like David Tepper and Michael Burry are increasing their bets on China despite Chinese stocks being at a five-year low. HK50 rises to 17,635.
βοΈ Market uncertainty regarding the size of the upcoming Fed rate cut (0.25% or 0.5%) is at a historic high, according to Bloomberg. UsDollar falls to 100.63.
π Microsoft approved a new $60 billion buyback and announced a 10% increase in quarterly dividends. Microsoft shares rose to 431.
π Volkswagen is considering cutting 15,000 jobs due to the planned closure of 2-3 factories in Germany. #VOW declined to 97.45.
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π’ The oil market faces a potential short squeeze as speculators hold a historic net short position on Brent, while supply concerns may be overstated. XBRUSD rises to 72.68
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#MarketNews
βοΈ Happy Wednesday, dear traders! Today, September 18, we're bringing you the day's most thrilling news highlights:
βοΈ The Federal Reserve is expected to announce a rate cut today, likely 25 or 50 basis points, bringing rates to 5%-5.25%, with markets pricing in over 1% in total cuts by the end of the year.
π―π΅ Japan's export growth slowed to 5.6% in August, with a 0.7% decline in shipments to the US, marking the first drop in nearly three years. This was driven by a 9.9% fall in auto exports.
π’ Brent crude oil rose 2.1% to $74.28 per barrel, supported by Libyan production disruptions and US hurricane season risks.
π The US500 climbed 0.66% to reach a new all-time high of 5670 points. At the same time, the US30 also hit a new high of 41,835 points amid an upcoming Federal Reserve rate decision.
βοΈ #INTEL is cutting costs and restructuring, halting factory projects in Germany and Poland, and pausing Malaysian production. However, shares rose by over 6% after receiving a $3.5 billion federal grant.
π Apple is in early talks with JPMorgan to take over its credit card program from Goldman Sachs, including negotiations over the $17 billion loan portfolio. #APPLE shares rise 0.22%
π± Facebook is facing a significant EU antitrust fine for allegedly using its Marketplace to dominate the classified ads market, with a decision expected as early as next month. Shares of #FACEBOOK were up 0.57%.
βοΈ Boeing and its 30,000-strong union will resume talks Wednesday after a strike halted production. The union seeks a 40% raise versus Boeing's 25% offer. #BA stock is up 0.54%.
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π’ Brent crude oil rose 2.1% to $74.28 per barrel, supported by Libyan production disruptions and US hurricane season risks.
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#MarketNews
βοΈ Happy Tuesday, dear traders! Letβs discuss the most exciting news for the beginning of the week:
π₯ Gold prices surged to a record high of $2,638.31 an ounce, driven by optimism over US interest rate cuts and global economic uncertainty.
βοΈ Federal Reserve officials left the possibility open for another large interest-rate cut following their recent half-percentage point reduction.
π¨π³ China's central bank introduced a stimulus package, including a 0.2 percentage point cut to policy rates, a 0.5 percentage point reduction in the reserve requirement ratio, and Β₯800 billion in liquidity support.
π¦πΊ The Reserve Bank of Australia left its cash rate unchanged at 4.35%, emphasizing the need to maintain restrictive policy as inflation remains above target.
π―π΅ BOJ Governor Kazuo Ueda signaled no rush to raise rates beyond 0.25%, stressing the need to assess global risks and market conditions before further hikes.
π #TESLA stock has surged 36% in the past three months, and with buy-side investors expecting over 450,000 deliveries next week, there is optimism for further gains.
β Chancellor Olaf Scholz condemned UniCredit's move to raise its stake in Commerzbank to 21%, calling it an "unfriendly" and inappropriate approach without consultation. #CBK stock is up 0.91%.
π© Boeing proposed a final offer with a 30% pay increase over four years to over 32,000 striking workers, but the union rejected a vote, citing unmet demands on retirement and wages. #BA stock is up 1.96%.
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#MarketNews
βοΈ Happy Tuesday, dear traders! Letβs discuss the most exciting news for the beginning of the week:
π Shares of European automakers have plunged again, this time following warnings from Stellantis. #STLA.US dropped by 12%.
π© According to Reuters, Boeing suppliers fear the strike may impact long-term jobs. #BA shares declined by 2.72%.
πΊπΈ According to Reuters, this week's US Non-Farm Payroll report will test hopes for a "soft landing" of the economy. The UsDollar corrected to 100.80.
π¨π³ Chinese stocks closed with intense FOMO and greed ahead of the week-long holiday in China starting October 1st, with markets closed for the entire week. HK50 rose to 20,770.
π’ Reuters' September survey revised 2024 oil price forecasts: Brent at $81.52 (down from $82.86) and WTI at $77.64 (down from $78.82). XBRUSD trades at 71.74.
π―π΅ Japan's government resigned, with Kishida stepping down amid low ratings and scandals. Shigeru Ishiba is the new Prime Minister.
π₯ European gas prices have risen by 21% over the past nine months, according to ICE data. XNGUSD climbs to 3.05.
π According to Bloomberg, currency traders are steering clear of the US dollar as elections approach, with long positions shrinking rapidly. The US Dollar has risen to 100.75.
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#MarketNews
βοΈ Good morning, dear traders! Let's check the news moving the financial markets today:
π TSMC raised its 2024 revenue growth outlook to 30%, driven by strong AI demand and a 54% rise in quarterly earnings, easing concerns about global chip demand.
π¨π³ China's $562 billion loan boost for unfinished homes fell short of expectations, causing a retreat in property shares as investors sought more robust policy measures.
β‘οΈ The European Central Bank is expected to accelerate rate cuts with a second consecutive reduction, lowering the deposit rate to 3.25% amid a weakening economy.
βοΈ Boeing is finalizing a $15 billion financing plan, including $10 billion in new stock and $5 billion in convertible bonds, to address financial challenges from ongoing crises and protect its investment-grade credit rating. #BA stock is up 1.67%.
π CALENDAR FOR TODAY - 2024.10.17
π₯ Thursday:
πͺπΊ Main Refinancing Rate - 15:15 GMT+3
πΊπΈ Core Retail Sales m/m - 15:30 GMT+3
πΊπΈ Retail Sales m/m - 15:30 GMT+3
πΊπΈ Unemployment Claims - 15:30 GMT+3
πͺπΊ ECB Press Conference - 15:45 GMT+3
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#MarketNews
βοΈ Good morning, dear traders! How are you? Letβs discuss the most exciting news for the beginning of the week.
π¨π³ China cut LPR rates more than expected, boosting Chinese and Hong Kong stocks. Following the LPR cut, HIK50 rose to 20 530.
π₯ Gold continues to hit record highs, while silver is growing much faster for the second trading day in a row, up nearly 7%. Silver closed at a 12-year high. XAGUSD has risen to 34.00.
π© Boeing reached a tentative agreement to increase workers' wages by 35% over 4 years. The company has also started selling off unprofitable assets. #BA shares rose to 155.32.
π Since mid-July 2024, Berkshire Hathaway, owned by Buffett, has reduced its stake in Bank of America (BAC) by 25%. Sales are continuing and, according to CNBC, accelerating. BAC shares are trading at 42.32.
π CALENDAR FOR TODAY - 2024.10.21
π₯ Monday:
πΊπΈ FOMC Member Kashkari Speaks - 20:00 GMT+3
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#MarketNews
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#MarketNews
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FBS Analytics
The price faces a global trendline as a support at the 145.00 level and navigates within a falling wedge.
The %R oscillator leaves the oversold zone, and the price breaches above TEMA and DEMA, which is a sign of a rise!
#TradeIdea
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#MarketNews
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FBS Analytics
#MICROSOFT could fetch more than 2200 pips after breaking the upper trendline of the symmetrical triangle. Lips crossed the jaw of the alligator, making the subsequent rise in December possible. Microsoft, generating $211 billion in revenue last year andβ¦
Well, #MICROSOFT and #GOOGLE have reached their goals!!! Boeing will invest $1 billion in South Carolina to boost 787 production to 10 jets monthly by 2026 and create 500 jobs.
#BA has broken the falling wedge trendline, and the MACD points to an upside opportunity.
#Forecast
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#MarketNews
Click on
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#MarketNews
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#MarketNews
Thatβs all for today, folks!
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#MarketNews
Hit
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#MarketNews
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#MarketNews
Hope you liked this one! Tap
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#MarketNews
Hit
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#MarketNews
If you are ready for a new trading week, hit
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