Dow Jones Hits Historic 40,000 Milestone, Defying Market Doubts
By Camilo Botia, The Dow Jones Industrial Average has achieved a remarkable feat, soaring to the historic 40,000 mark. This is not just a number, but a significant milestone that underscores the strength of the stock market. This achievement is a testament to the confidence investors have in the resilience of corporate America, driven by the potential for […]
VIX Fear Index Hits Lowest Level Since January 2024
By Samir Al Khoury, The VIX Fear and Volatility Index, which expresses investors’ expectations regarding price movement in the stock market, dropped yesterday from 21.36 points to approximately 12.38 points. This is its lowest level since January 11, 2024, indicating stability and investor satisfaction in the US stock markets, as US stock indices closed with […]
Resilient Canadian Economy: Will the USD/CAD Downtrend Hold Steady?
By Samir Al Khoury, The USD/CAD price continues its downward trend for the fifth consecutive day, reaching 1.3635 today, but it is still up approximately 3% year-to-date. Recent Canadian economic data indicate that the Canadian economy is resilient: • The Ivey Purchasing Managers’ Index (PMI) rose to 63.0 points, surpassing expectations (58.1) and the previous […]
Wall Street Braces for Inflation Data and Potential Market Volatility
By Camilo Botia, Wall Street began the week cautiously as investors prepared for crucial inflation data that could influence Federal Reserve policy and global markets. While stocks, bonds, and the dollar experienced minor fluctuations, the upcoming consumer price index (CPI) report is expected to moderate inflation, though still elevated. Analysts are cautioning about a potential disruption in the recent calm […]
The most important events of the past week
By Samir Al Khoury, United States of America The Michigan Consumer Confidence Index declined, recording 67.4 points, which is lower than expectations (76.0) and the previous reading (77.2). US crude oil inventories recorded a decline of 1.362 million barrels, which was more than expected (-1.430M) but lower than the previous reading (7.265M). The initial jobless […]
Bitcoin Tumbles as Crypto Market Loses Momentum
By Camilo Botia, Bitcoin and the broader cryptocurrency market are facing a significant downturn, raising concerns about the sustainability of the recent rally. The price of Bitcoin has fallen by over 17% since its mid-March peak, wiping out hundreds of billions of dollars from the total market capitalization of digital assets. Several factors are contributing […]
Dollar-Yen Spike: Will the Bank of Japan (BoJ) Move Next?
By Samir Al Khoury, The price of the dollar against the Japanese yen reached 160.20 on Monday, April 29, 2024, marking its highest level since 1990. Currently, the dollar’s value against the yen hovers near the 156 level. Will we witness a new intervention by Japanese authorities to support the local currency, and if so, […]
Metallic Momentum: Aluminum, Copper, and Silver Forge Ahead
By Samir Al Khoury, It seems that the upward trend for certain metals, specifically silver, aluminum, and copper, will persist in the next stage. The price of aluminum increased by about 25% from the low point of January 22, 2024, which was $2,147, to the peak recorded on April 22, which reached $2,689. Currently, the […]
Stocks Surge on Hopes of Fed Rate Cuts
By Camilo Botia, Stocks experienced their best three-day rally since November, driven by rising expectations that the Federal Reserve will cut interest rates this year. The S&P 500 rose 1%, topping its average price over the past 50 days – a technically significant indicator for maintaining positive sentiment. The stronger-than-expected earnings season also buoyed the market, with some sectors […]
Apple Rebounds: Shares Surge on Earnings Beat, Positive Outlook
By Camilo Botia, Apple Inc. shares saw a significant jump in after-hours trading following the announcement of stronger-than-expected earnings in its fiscal second quarter. The company’s prediction of a return to growth has rekindled investor optimism, suggesting a potential easing of the recent slowdown. Key Highlights • Revenue: $90.8 billion in the fiscal second quarter, down 4.3% year-over-year but beating […]
