Article By:
ING Economics
Wednesday, April 24, 2024 7:01 AM EDT
The dollar is trading weaker on the back of the US-Europe PMI divergence. We’d be cautious about jumping into a bearish narrative on the back of soft activity surveys, as hard data has generally helped the dollar of late.
In this article: FXE, FXA, FXB, UUP
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Article By:
Michael Lebowitz
Wednesday, April 24, 2024 6:51 AM EDT
Like investors, NFL General Managers often think they are smarter than their competitors, aka the market. Yet, they frequently have similar mindsets and follow the same narratives that drive their competition.
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Article By:
James Harte
Wednesday, April 24, 2024 6:50 AM EDT
The US Dollar was seen softening yesterday on the back of a weaker-than-forecast set of PMI readings for last month. The March manufacturing PMI was seen falling to 49.9 from 51.9 prior, well below the 52 expected.
In this article: UUP
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Article By:
Peter Mathers
Wednesday, April 24, 2024 6:36 AM EDT
Looking for support as we touched 0.618 Z vs. X. If we find resistance on Medium Level at 150 then we can expected further downside.
In this article: JNJ
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Article By:
The Tokenist
Wednesday, April 24, 2024 6:35 AM EDT
Tesla's stock price soared over 10% in premarket trading, driven by CEO Elon Musk's promises at the earnings call.
In this article: TSLA
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Video By:
LMAX Group
Wednesday, April 24, 2024 6:23 AM EDT
As the week got going, we talked about the possibility that a lot of the Dollar bullishness and equity market bearishness may have been priced to the max, leaving room for a healthy reversal of flow.
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Article By:
ING Economics
Wednesday, April 24, 2024 6:21 AM EDT
Crude oil traded little changed this morning as geopolitical risks continue to ease. Meanwhile, a constructive API report failed to lift sentiment.
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Article By:
JustMarkets
Wednesday, April 24, 2024 5:57 AM EDT
At Monday's close, the Dow Jones Industrial Average (US30) was up 0.69%, while the S&P 500 Index (US500) added 1.20%. The NASDAQ Technology Index (US100) closed positive 1.59% on Tuesday.
In this article: QQQ, TSLA
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The current correction is becoming increasingly oversold, which suggests a bounce is likely toward the previous support of the 50-DMA.
The only real cause of inflation is government spending. While banks can generate money -credit- through lending, they rely on projects and investments to support these loans.
The hope appears to be that robust results from the Mag 7 companies reporting this week will help restore confidence in the fundamental underpinnings and offset some of the Fed-centric worries.
Blue Owl Capital Inc (OWL) is an alternative asset management firm. Over the past year, Blue Owl’s share price rose about 71.5% from $10.89 to $18.58 as of Tuesday’s market close.
In mid-January, the main development options for this year for EUR/USD and USD/JPY were considered . At least a short-term strengthening of the dollar was expected; there were still options in the medium term.
Evidence suggests the bigger trend is still up for the market and another 10% or more is possible before the year end.
The past, present and future of the Canadian cannabis sector, based on the performanceof the MCCCI, which is a proprietary index of 14 stocks.
