News
Important Only
New Zealand Electronic Card Retail Sales (YoY): -4.9% (June) vs previous -1.6%
New Zealand Electronic Card Retail Sales (MoM) increased to -0.6% in June from previous -1.1%
FxstreetJul 11, 2024
New Zealand Business NZ PMI fell from previous 47.2 to 41.1 in June
NZD/JPY Price Analysis: Bears seize control, key 20-day SMA broken breached
FxstreetJul 11, 2024
US Treasury yields plummet as inflation surprises, Fed dovish bets grow
USD/JPY plunges on another possible ‘Yentervention’ alongside cooling US CPI inflation
Forex
USD/JPY plunges on another possible ‘Yentervention’ alongside cooling US CPI inflation
USD/JPY plummeted on Thursday, declining 2.6% in a sharp reaction to cooling US Consumer Price Index (CPI) inflation and a broadly suspected “Yentervention” by the Bank of Japan (BoJ) to prop up the floundering JPY.Fxstreet
Jul 11, 2024
Stocks
Culper Research calls out Iris Energy's misrepresentations and overvaluation
Investing.com - In a research note relased on Thursday, Culper Research cast a shadow over Iris Energy Ltd (NASDAQ:IREN), a firm originally focused on bitcoin mining that is now rebranding as a high-pInvesting.com
Jul 11, 2024
Forex
EUR/USD forecast for 2024: UBS presents 3 scenarios that could lead to a decline
The euro (EUR) has remained in a narrow trading range against the US dollar (USD) for much of 2023, with UBS analysts predicting that this trend may persist into the entire 2024. According to UBS, a cInvesting.com
Jul 11, 2024
Indices
Dow Jones Industrial Average churns after cooling US CPI inflation sparks pullback in tech stocks
The Dow Jones Industrial Average (DJIA) mostly stuck to familiar territory on Thursday, clipping into the high end after US Consumer Price Index (CPI) inflation came in below expectations and sparking an uptick in broad-market rate cut expectations in 2024.Fxstreet
Jul 11, 2024
Economic Indicator
Fed's Musalem: CPI data points to encouraging further progress, recession risks are low
Federal Reserve (Fed) Bank of St. Louis President Alberto Musalem noted on Thursday that while the disinflation process is ongoing, the Fed policymaker would like to see more progress and highlighted that recession risks remain low.Fxstreet
Jul 11, 2024
Stocks
Q2 earnings preview: Wells Fargo warns consensus estimates 'are a bit optimistic'
As the second quarter earnings season kicks off, Wells Fargo (NYSE:WFC) analysts caution that consensus expectations may be overly optimistic.The bank states that historically, 65% to 70% of companiInvesting.com
Jul 11, 2024
