Euro falls as strong US jobless claims support US Dollar
EUR/USD trades lower near the 1.1440 area on Thursday, retreating around 0.2% as the US Dollar (USD) gains support from stronger-than-expected United States (US) labor market data.
Market Analysis
Stocks Pressured by a Renewed Selloff in Chipmakers
The S&P 500 Index ($SPX) (SPY) today is down -0.46%, the Dow Jones Industrial Average ($DOWI) (DIA) is down -0.04%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -1.28%. September E-mini S&P futures (ESU26) are down -0…
Gold loses track of $4,000, drops as Oil shock revives Fed bets
Gold price drops over 1.80% as tensions between the US and Iran fuel fears of a possible Oil supply disruption, driving energy prices higher and potentially triggering another round of inflation. The XAU/USD trades at $…
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British Pound: Dips against US Dollar seen as buying opportunity – Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret note GBP/USD is slightly weaker as it gives back part of yesterday’s strong advance, helped by expectations of a centrist, market-friendly Burnham government. United…
Euro edges lower against the Japanese Yen despite ECB rate hike expectations
EUR/JPY trades around 185.80 at the time of writing on Thursday, little changed on the day after reaching a one-month high earlier this week. The pair is edging slightly lower as the Japanese Yen (JPY) regains some foot…
A priority for the next chancellor: boost the London stock market
Politicians need to see there’s something worth boosting. The current hollowing-out is not healthy
A $3 Billion Reason to Buy Tower Semiconductor Stock Here
Tower Semiconductor (TSEM) is making one of the biggest investments in its history, and it could significantly strengthen the company's long-term growth outlook. The specialty chip foundry plans to invest $3 billion to …
When Call-Writing ETFs Underperform: RYLD Gives Up 8% to Uncapped Peers This Year
RYLD sells covered calls to fund its double-digit yield, but payouts have dropped nearly 50% from the 2021 volatility peak as premiums compressed.
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The Dow Jones Industrial Average discovers the virtue of owning no semiconductors
The Dow Jones Industrial Average (DJIA) added roughly 160 points, or 0.3%, to trade near 52,800 on Thursday while the S&P 500 slipped 0.2% and the NASDAQ Composite shed 0.9%. An early dip to 52,586 found buyers within t…
Here's what to expect when Netflix reports earnings after the bell
Here's how Netflix is expected to perform for the period ended June 30, according to estimates from analysts polled by LSEG:
Dollar Boosted by Better-Than-Expected US Economic News
The dollar index (DXY00) is up by +0.18% today. The dollar is moving higher today as better-than-expected US economic reports signal economic strength. Weekly jobless claims unexpectedly fell to a 10-week low, Jun retai…
Stocks Pressured by a Renewed Selloff in Chipmakers
The S&P 500 Index ($SPX) (SPY) today is down -0.46%, the Dow Jones Industrial Average ($DOWI) (DIA) is down -0.04%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -1.28%. September E-mini S&P futures (ESU26) are down -0…
Oil prices dip but hold near highest in a month on Middle East tensions
July 16 (Reuters) - Oil prices edged lower on Thursday but held near the highest since mid-June as the Iran war escalated, with Tehran asking Yemen's Houthi movement to be prepared to close the Red Sea oil export route.
Crude Oil watches the Houthis aim at the last export route that still works
West Texas Intermediate (WTI) Oil spent Thursday's European morning grinding down to 78.37 before ripping nearly two dollars to 80.29 when the Houthis threatened to target all Saudi Oil sites and key facilities should S…
Gold tests $4,000 as energy-driven inflation fears keep Fed rate hike bets in play
Gold (XAU/USD) edges lower on Thursday as traders look past back-to-back, softer-than-expected US inflation reports and remain focused on renewed Middle East tensions, which are fueling concerns that higher energy price…
Canadian Dollar: Gains eye 1.3981 against US Dollar – Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret report USD/CAD is flat after the Bank of Canada (BoC) left policy unchanged and maintained a cautious tone on growth and inflation. Governor Macklem downplayed the C…
Warren Buffett's Successor, Greg Abel, Has Nearly 30% of Berkshire Hathaway's $351 Billion Portfolio in These 2 Magnificent Artificial Intelligence (AI) Stocks
During this year's first half, Berkshire invested heavily in Alphabet while keeping Apple as its largest position.
European Central Bank: Rate hike risk returns with Oil – ING
ING’s Carsten Brzeski argues that the European Central Bank is likely to keep rates unchanged next week but a surprise hike cannot be ruled out. He notes that renewed Middle East tensions and rising Oil prices have rest…
The BoC holds at 2.25% and removes hike language: Why the Canadian Dollar could remain stuck
The Canadian Dollar (CAD) has entered a consolidation phase against the US Dollar (USD) following a volatile week. While a soft US inflation report initially put the Greenback on the back foot, the Bank of Canada's (BoC…
Eurozone: Energy shock risks for inflation – Rabobank
Rabobank’s Bas van Geffen says renewed US-Iran hostilities have shifted Eurozone inflation risks upward. June’s softer-than-expected flash estimate may buy the ECB time in July, but the earlier decline in energy prices …
Banking Committee's Sen. Rounds liked Warsh's 'tone' in first testimony as Fed chairman
Sen. Mike Rounds, R-S.D., a member of the Senate banking committee, said on CNBC's "Squawk Box" on Thursday that Federal Reserve Chairman Kevin Warsh struck the right in an appearance before the panel this week.
British Pound: UK GDP resilience with Q2 risks – TD Securities
TD Securities reports United Kingdom (UK) Gross Domestic Product (GDP) grew 0.1% month-on-month in May, matching their forecast and beating the market’s flat expectation. Three‑month growth remains strong at 0.7%, with …
S&P 500, Nasdaq open lower as chip stocks weaken
Major U.S. indices weakened, with the Nasdaq and S&P 500 turning negative, while chip, computer hardware, and AI stocks led declines. Gambling and airline stocks bucked the trend. Analysts warn of market tops, citing ov…
DoorDash to let AI agents place real food orders
The CEO of fintech Klarna said the rise of agentic shopping wonât destroy brand loyalty, an outcome feared by e-commerce players who worry that it will be harder to woo bots than the humans whose errands they are runn…