That is an absolutely staggering number if you think about it. And as the world continues to embrace the AI-driven future, Nvidia is now the poster boy not only for that revolution but also for the stock market. After its struggles in the first four months this year in the run up to Trump’s Liberation … Read more
Next week, the Fed will be in the quiet period ahead of the FOMC rate meeting on July 30. The S&P Global flash manufacturing and services data will be released for Europe and the US on Thursday. The ECB will likely keep rates unchanged, but given the tariff threat, will likely be biased to more … Read more
The earnings season heats up a little more next week. The bigger names, like Amazon, Apple, Meta or still a week or so away but Tesla and Alphabet will highlight some of the releases next week. Below is a list of the key earnings: Monday 7/21 – Before Open: Verizon (VZ), Domino’s Pizza (DPZ), Monday 7/21 – After Close: NXP Semiconductors (NXPI) Tuesday 7/22 – Before Open: Lockheed Martin (LMT), Coca‑Cola (KO), … Read more
Oil rigs -2 to 422 Gas rigs +9 to 117 Total rigs +7 at 544 This article was written by Greg Michalowski at www.forexlive.com. fbs.mobi
The FT is now reporting that Pres. Trump is pushing for a 15 – 20% minimum tariff on all EU goods. The tariff rate as set by “the letter” had pinned the rate at 30%. He also rejects reducing the 25% sectorial duty on EU cars. The administration is also looking at a reciprocal tariff … Read more
Chicago Fed Pres. Austin Goolsbee is getting his last words and before the quiet period begins after the close of business today. The quiet period last until after the FOMC rate decision on July 30. He says: A little wary as latest CPI data shows tariffs pushing up goods inflation. Pains me to see arguments … Read more
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not … Read more
USDCAD technicals The USDCAD is under pressure in trading today after buyers missed their opportunity to hold the breakout above a key ceiling area during yesterday’s trade. The high yesterday extended to 1.3773, moving above the 1.37498–1.3759 resistance zone, but failed to sustain the breakout, triggering a reversal lower. Earlier in the week, the pair … Read more
Prior month Housing starts 1.263 million revised from 1.256 million Prior month building permits 1.394 million. Housing starts 1.321M versus 1.300M estimate Building permits 1.397M vs 1.390M estimate This article was written by Greg Michalowski at www.forexlive.com. fbs.mobi
“Too Late,” and the Fed, are choking out the housing market with their high rate, making it difficult for people, especially the young, to buy a house. He is truly one of my worst appointments. Sleepy Joe saw how bad he was and reappointed him anyway – And the Fed Board has done nothing to … Read more
