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 […]
Stocks Surge on Tesla Gains, Anticipation Builds for Earnings and Fed Meeting
By Camilo Botia, Stocks experienced a positive Monday, propelled by Tesla’s upward momentum, as market participants anticipate a significant week packed with corporate earnings reports and a Federal Reserve meeting. • The S&P 500 saw a 0.32% increase, ending at 5,115.34. • The Nasdaq Composite experienced a 0.35% growth, closing at 17,785.55. • The Dow […]
Alphabet Shares Soar on Strong Earnings, Cloud Growth, and First-Ever Dividend
By Camilo Botia, Alphabet, Google’s parent company, delivered a blockbuster earnings report on Thursday that sent its shares surging in after-hours trading. Beating analyst expectations on earnings per share and revenue, the company announced its first-ever dividend and impressive profitability gains in its cloud division. This news propelled Alphabet’s market value beyond the $2 trillion […]
US Economic Data Impact on Australian Dollar’s Strength
By Samir Al Khoury, The Consumer Price Index rose year-on-year in Australia, recording 3.5% yesterday, which exceeded expectations and the previous reading (3.4%). The Manufacturing Purchasing Managers’ Index also recorded 49.9 points, which exceeded expectations. As for the unemployment rate, it was recorded at 3.8%, which is lower than expectations (3.9%). These strong Australian economic […]
