News
Important Only
USD/CAD: Cannot exclude a July BoC cut – ING
United States EIA Crude Oil Stocks Change below forecasts (-3M) in July 5: Actual (-3.443M)
United States EIA Crude Oil Stocks Change registered at -3.444M, below expectations (-3M) in July 5
USD/JPY: A new line in the sand for intervention at 165 – ING
NZD: A surprise dovish tilt by the RBNZ – ING
FxstreetJul 10, 2024
United States Wholesale Inventories meets forecasts (0.6%) in May
Forex
USD/JPY: A new line in the sand for intervention at 165 – ING
Japan’s verbal interventions are ineffective. Periods of quiet volatility may continue to push USD/JPY higher, with a new line in the sand for intervention now close to 165, ING’s FX analyst Francesco Pesole notes.Fxstreet
Jul 10, 2024
Stocks
Wolfe increasingly convinced Fed will start cutting interest rates in September
Wolfe Research analysts doubled down on their prediction of a Federal Reserve policy shift, citing recent comments from Chair Jerome Powell in his testimony to the Senate Banking Committee and economiInvesting.com
Jul 10, 2024
Cryptocurrencies
Bitcoin and Solana price targets: $250,000 and $800 by the end of 2025 – Liu
Investing.com – On Tuesday, the well-known crypto analyst Dennis Liu announced that his 2023 forecast for Solana (SOL) was incorrect. The analyst raised his price target for Solana to $480 by thInvesting.com
Jul 10, 2024
Stocks
Apple stock target raised at Needham on ads business strength, buyback plan
Needham&Company analysts increased their price target for Apple (NASDAQ:AAPL) to $260 from $220 in a note Wednesday, citing the company's hefty $110 billion share buyback plan and the potential ofInvesting.com
Jul 10, 2024
Commodities
XAU/USD: Citi expects physical gold demand to rebound, maintains $3,000 target
Physical gold demand likely softened in the second quarter compared to the first, although “off a very strong base,” Citi analysts said in a Tuesday note.The Wall Street behemoth notes that underlyingInvesting.com
Jul 10, 2024
Stocks
Barclays launches Volvo AB at Equal Weight, favors Daimler Truck and Traton
Investing.com - Barclays (LON:BARC) has initiated coverage of Volvo AB (OTC:VLVLY) with an Equal Weight rating and a price target of SEK 300. The British investment bank acknowledged Volvo's reputatInvesting.com
Jul 10, 2024
