The recently revamped European Union fiscal framework has sparked a debate among analysts at Bank of America Securities regarding its potential impact on critical investments within the bloc. The new rules, which came into effect on April 30, aim to constrain the budgets of member states in order to encourage responsible spending and reduce debt
Upon careful analysis, it is evident that Silver (XAGUSD) has been demonstrating an impulsive rally from the 10.3.2023 low. Considering the recent movement, wave (1) concluded at 25.91 followed by a correction in wave (2) ending at 21.94. The subsequent upward movement in wave (3) reached 29.79. A retracement in wave (4) found support at
The Bank of Canada’s willingness to cut interest rates up to three times before the Federal Reserve takes any action shows the importance of managing the declining currency to protect the inflation outlook. The weakening of the Canadian dollar compared to the U.S. dollar has led to discussions among investors regarding the extent to which
Silver recently surged above $29.8, marking a high not seen since January 2021. Despite this positive movement, the price faced resistance at this level, leading to a pullback to $29.40. It is crucial to note that silver does not appear to be overheated, as it has just entered overbought territory on the RSI for daily
European Central Bank (ECB) Board member Isabel Schnabel recently stated that the central bank may consider cutting interest rates in June. However, she advised caution in making this decision as there is a risk of easing prematurely. The path beyond June remains uncertain, and policymakers must closely analyze incoming data before taking any action. Challenges
China recently reported data that indicated slower growth in retail sales, with only a 2.3% increase in April compared to the previous year. This figure fell short of the expected 3.8% increase, signaling a potential slowdown in consumer spending. The pace of growth was also slower than the 3.1% reported in March, which raises concerns
The influx of higher-income consumers at Walmart has been a driving force behind the retailer’s recent success. These affluent shoppers have played a significant role in propelling Walmart to all-time stock highs. However, former Walmart U.S. CEO Bill Simon cautions that maintaining these customers will be a daunting task. According to Simon, the Walmart experience,
Macquarie analysts have recently made a statement suggesting that one month of at-consensus core CPI may not be sufficient to prompt the Federal Reserve to begin counting down towards a rate cut. They have carefully assessed the latest data and its potential impact on the Fed’s interest rate policy. According to the firm, the most
Under Armour’s Class A shares slumped by 11% while its Class C stock fell by 9% after issuing lower-than-expected full-year earnings guidance. The company expects earnings to be in the range of 18 to 21 cents, a stark contrast to the 59 cents predicted by analysts. This significant gap in projected earnings has clearly impacted
The US Dollar experienced a significant correction following the release of the latest Consumer Price Index (CPI) data, indicating a resurgence of disinflationary trends in April. As a result, the US Dollar Index hovered near the 104.00 level, signaling a potential downside break. Federal Reserve Bank officials, including Chicago President Austan Goolsbee and Minneapolis President
The recent release of CPI figures has indicated a slowdown in inflation, prompting speculation about a potential rate cut in the near future. This development has had a notable impact on the value of the dollar, which has weakened as a result. Consequently, the value of assets priced in dollars, including BTC/USD, has seen a
As per analysts at Wells Fargo, there is a sense of skepticism regarding the possibility of aggressive moves by the US Federal Reserve in terms of interest rates. Despite speculation about rate cuts within the year, the prevailing sentiment remains cautiously optimistic. A “higher for longer” rate mindset, which may have posed challenges for stocks