Goldman Sachs analyst Hui Shan expects China's central bank to reduce the reserve requirement ratio (RRR) in the third and fourth quarters, aiming to manage the decline in long-term yields. This move comes in response to rising bond prices and weak aggregate demand. The People's Bank of China (PBOC) is also focused on reducing financing costs for companies and...
The Nikkei 225 index in Japan plunged by 12.4%, marking its worst day since the 1987 "Black Monday" crash. The index closed at 31,458.42, shedding 4,451.28 points. The sell-off was triggered by concerns about the U.S. economy and followed a 5.8% drop on Friday. Major companies like Toyota, Honda, and Mitsubishi UFJ Financial Group saw significant declines. The...
Investor Confidence and Financial Targets: Bread Financial Holdings NYSE:BFH is attracting investor interest after setting a medium-term ROTCE target in the low-to-mid 20% range, showing strong confidence in its business model. Market Outlook and Analyst Expectations: Analysts expect this to drive up valuation multiples, boosting the stock price. Improved...
The euro gained on Monday after France's snap election put the far-right in the lead, albeit with a smaller margin than expected. Marine Le Pen's National Rally performed worse than anticipated, easing fears of expansionary fiscal policies. The euro rose 0.4% to $1.0756, while the yen struggled near a 38-year low. The dollar index fell as U.S. inflation data...
Tesla's upcoming Robotaxi event on Aug. 8 has the potential to spotlight Alphabet's Waymo division. While Tesla garners attention for its self-driving car ambitions, Alphabet's Waymo already operates autonomous taxis across the U.S. Analysts suggest that renewed interest in Waymo could significantly boost Alphabet's stock. The autonomous vehicle market is vast,...
The Paris Stock Exchange is expected to open lower on Monday following the European elections, which have raised concerns about the political landscape in Europe. The CAC 40 futures dropped 76.5 points to 7925 points at around 8:15 am, indicating a session start in the red. Markets are reacting to the rise of nationalist parties and French President Emmanuel...
EURUSD Financial Review: Navigating Current Conditions and Projecting Trends" Introduction: The FX:EURUSD currency pair is currently poised for significant developments, with a projected bullish trend following a rapid correction. This analysis incorporates both trend and technical indicators, providing insights into the potential future movements of the...
Any other news outlet more partialized and dumb than CNN out there?... difficult. Adding fire to the bounce. Amazing timing. Nothing can be predicted in the trading world...but I´d say this is great confirmation for the bounce. Let´s see....
Aas broken down from the video, the same pattern has repeated from 2017 were we had a nice push to upside, accumulation then continuation as price broke the previous higher high. so the same pattern is happen currently so we could expect a small pull back based on volume profile which acts as a strong POC for support before looking for long setup!!! Follow me...
As i broke down form the video Gold is at a key area of technical support and bottom channel where we could see price accumulate before potential move to the upside. Based also with vaccine optimism we could see a potential short term sell off as inflation keys in to push price father. Follow me for more setup and Breakdown!!
Financial markets faced a sharp surge in concern. The Fear Index (VIX) soared (+30%). The Argentine Peso lost the same amount of its value yesterday. It is all about the populists in Argentina. Well, it is quite interesting how many times you need to fail again and again to understand one thing - that is a bad idea. Tsipras and Greece again on the brink of...