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Forex
Dollar edges higher ahead of retail sales; sterling gains on GDP growth
The U.S. dollar edged higher Thursday, but remained close to seven-month lows after the release of benign inflation data, while sterling rose after solid
Commodities
Silver Price Forecast: XAG/USD eyes breakout above $28 as Fed rate-cut bets in September max out
Silver price (XAG/USD) jumps to near crucial resistance of $28.00 in Thursday’s European session.
Commodities
Oil demand outlook softens even as geopolitics simmers: Citi
Recent monthly reports from official energy agencies reveal a softer outlook for global oil demand, even as geopolitical tensions continue to simmer.
Stocks
Wells Fargo: With Fed expected to cut 175 bps through 2025, buy the dip in stocks
Wells Fargo (NYSE:WFC) strategists expect the Federal Reserve to cut interest rates by 175 basis points (bps) by the end of 2025, creating an economic land
Commodities
Buy gold as the Middle East conflict could escalate soon: Alpine Macro
Investors should consider buying gold as geopolitical tensions in the Middle East are likely to escalate in the coming months, according to a recent note f
Stocks
Walmart, Cisco, Deere, Ulta Beauty rise premarket; Alibaba falls
Investing.com -- U.S. stock futures traded slightly higher Thursday, ahead of the release of retail sales data with investors optimistic of the possibility
Economics
GBP: Lower inflation, stronger labour market, what's happening to growth? – Commerzbank
Thursday’s UK inflation figures were generally a little lower than expected due to a sharper fall in services inflation.
Stocks
El Al orders up to $2.5 bln worth of Boeing 737 MAX jets - Reuters
Investing.com -- El Al (TASE:ELAL) on Thursday said it has signed a deal with Boeing (NYSE:BA) to acquire up to 31 of its 737 MAX aircraft, valued at a
Stocks
Buffett and Other Institutional Investors' Moves: Tech Stocks Are Out, Consumer Stocks Are In
In the second quarter, several institutional investors reduced their positions in the seven major tech stocks and reallocated capital into sectors such as
Commodities
Silver Price Prediction: XAG/USD might continue to face stiff resistance near $28.00
Silver attracts some buying on Thursday and recovers further from the weekly low.
Forex
Japanese Yen holds mild gains as upbeat GDP data backing further rate hike
The Japanese Yen (JPY) gains ground against the US Dollar (USD) on Thursday.
Economics
Fed’s Bostic: Open to September rate cut as inflation cools
Atlanta Federal Reserve (Fed) President Raphael Bostic said that he is “open to September rate cut as inflation cools.”
Forex
GBP/USD edges higher amid subdued USD demand, remains below mid-1.2700s ahead of UK GDP
GBP/USD regains positive traction following the previous day’s post-US CPI decline.
Cryptocurrencies
Mosaic Chain wins 73rd parachain slot on Polkadot, set for mainnet launch
Mosaic Chain has secured the 73rd parachain slot on the Polkadot Relay Chain, marking a key step toward its mainnet launch.
Economics
BCA says middling stimulus, US uncertainty sours China outlook
BCA Research flagged a negative outlook on Chinese markets with middling stimulus measures from Beijing and uncertainty over Sino-U.S. relations inspiring
Forex
Forex Today: Soft or hard landing? Upcoming US data will have a say
A persistent selling bias kept the Greenback’s price action subdued for yet another session, a view that was bolstered by further confirmation of the downw
Economics
BoJ could hike rates again in December even if inflation trends sideways: Nomura
Investing.com -- The Bank of Japan is likely to lift interest rates again in December, Nomura expected, even if inflation trends sideways as the once sleep
Stocks
Michael Burry increases Alibaba stake, halves stock portfolio
Michael Burry, the hedge fund manager famous for his 2008 bet against the US housing market depicted in "The Big Short," has further increased his stake in
Stocks
Nike shares pop as Bill Ackman's Pershing Square discloses a $229 million stake
Shares of Nike Inc (NYSE:NKE). 5.1% gained in afterhours trading Wednesday after Pershing Square (NYSE:SQ) Capital Management LP, the hedge fund led by bil
Economics
Rate cuts likely in Sept., Nov., Dec., Macquarie says, as disinflation continues
Investing.com -- The duo of inflation reports released this week showed the disinflation trend is likely to continue, paving the way for the Federal Reserv
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