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Nasdaq 100: Tech Stocks Surge as Softer Producer Prices Fuel Rate Cut Hopes
U.S. Stocks Climb on Softer Producer Prices, Boosting Rate Cut ExpectationsU.S. stocks reached a near two-week high on Tuesday, driven by softer producer price data that strengthened investor expectations for an interest rate cut by the Federal Reserve in...
2 months ago
Oil News: Crude Oil Outlook Bullish Amid Geopolitical Tensions, Inventory Drops
Oil Prices Hold Steady Amid Geopolitical Risks, Inventory Draws, and Inflation ConcernsLight crude oil futures saw a modest uptick on Wednesday, stabilizing after a sharp sell-off the previous day. Prices are currently hovering near the crucial 50-day mov...
2 months ago
Gold (XAU) Price Forecast: Will CPI Data Trigger a Breakout Toward $2,500?
Gold Edges Toward Record Highs Amid Interest Rate Speculation and Geopolitical TensionsGold prices advanced on Wednesday, nearing the all-time high of $2,483.74 as traders looked ahead to the U.S. Consumer Price Index (CPI) report, expecting it to reinfor...
2 months ago
Consumer Prices Rise 0.2% in July, Matching Expectations
Overall Inflation TrendsThe July 2024 inflation report reveals a complex economic landscape with moderate overall inflation and notable variations across sectors. The Consumer Price Index (CPI) increased by 0.2% month-over-month, resulting in a year-over-...
2 months ago
Silver (XAG) Forecast: Will Rate Cut Hopes Ignite a Silver Rally?
Silver Trading Flat as Market Awaits CPI ReportSilver prices remained stable on Wednesday, hovering around the $27.85 pivot point, which is currently guiding the market’s short-term direction. Unlike gold, which is nearing record highs, silver traders are...
2 months ago
Nasdaq 100: Alphabet Slump Drags Tech Stocks Lower as Inflation Fuels Rate Cut Bets
Wall Street Mixed as Alphabet Weighs on Nasdaq; Inflation Signals Boost Rate Cut BetsWall Street’s major indexes showed mixed performance on Wednesday, driven by a notable decline in Alphabet’s shares and moderated inflation data that has strengthened exp...
2 months ago
Gold (XAU) Price Forecast: Will Retail Sales Data Trigger a Gold Market Surge?
Gold Prices Stabilize as Market Awaits Key Economic DataGold prices are showing signs of recovery on Thursday, following a 1% decline in the previous session. The downturn was driven by consumer inflation data that lessened expectations for a significant...
2 months ago
Silver (XAG) Forecast: Eyes on $29.21 as Retail Sales Data Looms – Market Analysis
Silver Prices Hovering Near Key Pivot Point as Market Awaits Economic DataSilver prices are showing resilience on Thursday, trading above a key short-term pivot at $27.85. This level is crucial as investors anticipate a potential move towards the 50-day m...
2 months ago
U.S. Retail Sales Jump 1% in July to $709.7B, Boosting Confidence Amid Easing Inflation
Retail Sales Surge in July, Surpassing ExpectationsConsumer spending in the U.S. showed remarkable strength in July, with retail sales rising by 1%, significantly outperforming expectations. This robust increase reflects the resilience of consumer demand...
2 months ago
Nasdaq 100 and S&P500: Tech and Consumer Sectors Fuel Strong Market Rebound
Stocks Rally as Economic Data Boosts ConfidenceU.S. stocks surged on Thursday as positive consumer and labor market data reassured investors, easing fears of an imminent recession. The S&P 500 climbed to within 3% of its record high, marking a strong...
2 months ago
U.S. Housing Market Slows: July 2024 Permits, Starts Drop Amid Rising Rates, Uncertainty
U.S. Residential Construction Slows in July 2024The latest data from the U.S. Census Bureau and the Department of Housing and Urban Development reveals a significant decline in new residential construction activity for July 2024, signaling potential chall...
2 months ago
Gold (XAU) Price Forecast: Record Highs as Dollar Weakens and Fed Cut Looms
Gold Hits Record High as Dollar WeakensGold prices reached an all-time high on Friday, propelled by a weaker dollar and growing expectations for a U.S. interest rate cut. The precious metal’s rally reflects increasing investor demand for safe-haven assets...
1 month ago
Oil News: Brent Dips Below $80 as China’s Economic Woes Dampen Global Demand Outlook
Oil Prices Forecast: Brent Falls Below $80 Amid China ConcernsLight crude oil futures are sharply lower on Friday and in a positon to finish the week with a loss as economic concerns in China outweighed geopolitical risks. Brent crude fell below the criti...
1 month ago
Dow Jones: Industrial Average Climbs Amid Strong Consumer Sentiment and Tech Rally
U.S. Stock Market Rebounds as Major Indices Eye Strongest Week of 2024U.S. stock indices are trading higher at the mid-session on Friday, signaling a remarkable recovery in the markets. This rebound follows a tumultuous start to August, with the S&P 5...
1 month ago