Silver recently surpassed $29.8, marking a new high from January 2021, but it encountered selling pressure at this level, leading to a pullback to $29.40. Despite this, silver does not appear to be overbought yet, with the RSI on daily timeframes just entering overbought territory. In the past month, silver experienced a three-week period of
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According to the median estimate of seven analysts in a recent straw poll, the Bank of Canada is willing to cut interest rates three times before the Federal Reserve makes its first move. The decline in the Canadian dollar relative to the U.S. dollar has raised concerns about its impact on the inflation outlook, prompting
European Central Bank (ECB) Board member Isabel Schnabel recently made comments suggesting that the central bank may consider cutting interest rates in June. However, Schnabel also emphasized the need for policymakers to closely monitor the data before making any decisions, as there is a risk of easing prematurely. This uncertainty surrounding the timing of rate
The recent surge in Walmart’s stock prices fueled by the spending habits of higher-income consumers may not be as sustainable as it seems. While these affluent shoppers have contributed to Walmart’s strong quarterly results, former Walmart U.S. CEO Bill Simon raises a critical point about the potential challenges the retailer may face in the future.
China recently reported data for the month of April that indicated slower growth in retail sales. Retail sales only rose by 2.3% from a year ago, falling short of the 3.8% increase expected. This slower growth in retail sales could be a sign of weakening consumer demand, which is a concerning trend for the economy.
Under Armour, a popular sportswear maker, faced a significant setback with its Class A shares dropping 11% and its Class C stock falling 9%. The reason behind this drastic decline was the company’s announcement of lower-than-expected full-year earnings guidance. Analysts had predicted earnings of 59 cents per share, but Under Armour now expects earnings to
After the latest Consumer Price Index (CPI) data was released, the US Dollar (USD) experienced a significant correction. The disinflationary trend seen in the April CPI numbers indicated a softer economic environment, leading to a depreciation of the USD. This decline has been attributed to a series of data pointing towards easing conditions in various
According to analysts at Wells Fargo, there is a prediction of rate cuts by the US Federal Reserve in the near future. However, the bank does not believe that the Fed will move aggressively on rates. This forecast comes amidst the current “higher for longer” rate mentality that has been prevailing, which may have posed
The recent release of CPI figures has had a significant impact on the price of Bitcoin. With inflation slowing down and the possibility of a rate cut looming, the dollar has weakened, leading to an increase in the value of assets priced in dollars, such as BTC/USD. This spike in value has caused the price
Financial websites can be a great source of information and analysis, but it is important to remember that the content provided is not personalized to your individual financial situation. It is essential to conduct your own research and consult with financial advisors before making any investment decisions based on the information you find on these
Macquarie analysts have expressed their belief that the latest at-consensus core CPI data may not be sufficient to trigger the Federal Reserve’s decision to initiate a countdown on a rate cut. Despite the report meeting expectations, the firm deems it to be lacking in significant impact. They have acknowledged that an in-line print of the
Japan’s Economy Minister Yoshitaka Shindo recently expressed optimism about the country’s economic outlook, stating that he expects a continuation of moderate recovery. He emphasized the importance of closely monitoring risks associated with foreign exchange fluctuations that could potentially drive up domestic prices. Shindo’s remarks underscore the need for vigilance in navigating challenges such as the