Apple is announcing a change in its senior management as Luca Maestri its current CFO will step down as of January 1 and be replaced by Kevan Perakh. Apple shares are trading around -0.7 in after-hours trading, after closing higher by 0.15% today. This article was written by Greg Michalowski at www.forexlive.com.
Dow Jones taps a new record high despite thin volumes. Moves in equities remain limited as investors recover from Fed splurge. Key US inflation data looms large at the end of the week. The Dow Jones Industrial Average (DJIA) slipped higher to test a new record high of 41,419.65 on Monday, but investors are still recovering from last Friday’s…
2024.08.26 2024.08.26 US Dollar Dispels Recession Fears. Forecast as of 26.08.2024 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The market received a clear signal that the Federal Reserve’s monetary expansion cycle would begin in September, and it started buying the EURUSD pair against the European Central Bank’s actions. However, the central banks’ decisions will depend on the incoming data. Let’s discuss this topic and…
. Comments from Daly on Bloomberg TV: Hard to imagine anything that could derail Sept rate cut Time to adjust policy is upon us Don’t want to keep making policy tighter as inflation comes down The risks to our goals are now balanced Most likely outcome is that we continue to see gradual inflation slowing, sustainable pace of labor…
Caterpillar benefits from solid Durable Goods Orders data on Monday. NASDAQ, growth stocks move lower on the good economic news. Dow Jones Industrial Average hits new all-time high. CAT stock looks likely to retest resistance zone in the $360s. Caterpillar (CAT) is moving higher on Monday in sharp contrast to the wider market. The NASDAQ and S&P 500…
2024.08.26 2024.08.26 Short-term Analysis for Oil, Gold, and EURUSD for 26.08.2024 Alex Rodiоnovhttps://www.litefinance.org/blog/authors/alex-rodionov/ I welcome my fellow traders! I have made a price forecast for the USCrude, XAUUSD, and EURUSD using a combination of margin zones methodology and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders. Oil has reached the resistance (A) 74.98…
It is often said that success comes to those who embrace change. Successful businessmen, for example, create new products and services that cater to the ever-changing demands of customers. The age-old saying, “The only thing constant in life is change,” isn’t any less true in trading. Of course, adapting to change isn’t easy, but as a forex trader, your job…
General business activity: -9.7 vs -17.5 prior Company outlook: -9.6 vs -18.4 prior Prices paid: +28.2 vs +23.1 prior New orders: -4.2 vs -12.8 prior Shipments: +0.8 vs -16.3 prior Employment: -0.7 vs +7.1 prior These are decently-hot numbers. This isn’t a market mover but it speaks to the steady state of the economy rather than a looming recession….
Current situation The Dollar Index closed last week at 100.55, its lowest level since July 2023. It has not been consistently below this level since April 2022. Technical analysis Although the change of monetary regime in the US is of fundamental importance, the bulls may launch a counterattack in the short term. On a weekly basis, the Dollar’s RSI…
2024.08.26 2024.08.26 Japanese Yen Strengthens on Fed-BoJ Divergence. Forecast as of 26.08.2024 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The divergence in the monetary policies of the Fed and the Bank of Japan provides insight into the trajectory of the USDJPY pair. At the same time, expectations for a reduction in the federal funds rate may be overly optimistic. Let’s discuss this topic and…