The Australian and German indexes set all-time highs. The Reserve Bank of South Africa kept the rate at 8.25%
Global Macro Investing
by InvestMacro
38m ago
By JustMarkets On Wednesday, the US stock indices ended trading with moderate growth. A decline in T-note bond yields supported the broader market. Investors also welcomed reports that S&P Global Ratings maintained its AA+ long-term US sovereign credit rating and A-1+ short-term sovereign credit rating with a stable outlook. As of Wednesday’s stock market close, the Dow Jones Index (US30) increased by 1.22%. The S&P 500 Index (US500) added 0.86%. The NASDAQ Technology Index (US100) closed positive 0.51%. Merck’s (MRK) stock price rose more than&n ..read more
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Target Thursdays: EURGBP, GBPUSD & Crude hit targets!
Global Macro Investing
by InvestMacro
38m ago
By ForexTime Check out these potential profits that you may have missed from our Daily Market Analysis. EURGBP bears bag 20 pips GBPUSD reaches all profit targets Crude bulls pockets 63 points       1) EURGBP extends downside pressure Where and when was Target Price (TP) published? This technical scenario (EURGBP) is based on the FXTM Signals that are posted twice a day (before the London and New York sessions) for all FXTM clients to follow. It can be found in the MyFXTM profile under Trading Services… FXTM Trading Signals.   What happened since TP was published ..read more
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EURSEK: Hits fresh 2024 high at 200-day SMA
Global Macro Investing
by InvestMacro
1d ago
By ForexTime EURSEK hits highest level in 2024 Riksbank signals future rate cuts Krona ↓ Vs. most G10 MTD Prices bullish on D1 but RSI overbought Moment of truth at 200-day SMA The EURSEK hijacked our attention on Wednesday after hitting a fresh 2024 high above 11.50! Bulls were already in a position of power with the minor currency pair blasting through key resistance earlier in the week. With the Swedish Krona weakening further this morning after Sweden’s central bank indicated a potential rate cut as soon as May, further upside could be on the cards for the EURSEK. Note: Ri ..read more
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Australia has seen a decline in inflationary pressures. Japan may conduct currency intervention shortly
Global Macro Investing
by InvestMacro
1d ago
By JustMarkets As of Tuesday’s stock market close, the Dow Jones Index (US30) decreased by 0.08%. The S&P 500 Index (US500) was down 0.28%. The NASDAQ Technology Index (US100) closed negative 0.42%. On Tuesday, stock indices gave up early gains and suffered moderate losses. Nvidia (NVDA) fell more than 2%, causing chip maker stocks to fall, which impacted the overall market. Eight of the eleven sectors ended trading lower. The US economic news on Tuesday was mixed for stocks, with new capital goods orders rising more than expected in February, b ..read more
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Australian Dollar Slides to Three-Week Low
Global Macro Investing
by InvestMacro
1d ago
By RoboForex Analytical Department The AUD/USD pair is declining, reaching 0.6539 on Wednesday. The Australian dollar is heading back to a three-week low following the release of softer-than-expected consumer price index (CPI) data from Australia. For February 2024, inflation in Australia stood at 3.4%, unchanged from the previous report, in contrast to the anticipated slight increase to 3.5%. This marks the lowest inflation level since November 2021. Last week, the Reserve Bank of Australia (RBA) held its meeting and decided to keep the interest rate unchanged at 4.35% annually. The rate ..read more
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How AI and a popular card game can help engineers predict catastrophic failure – by finding the absence of a pattern
Global Macro Investing
by InvestMacro
1d ago
By John Edward McCarthy, Arts & Sciences at Washington University in St. Louis  Humans are very good at spotting patterns, or repeating features people can recognize. For instance, ancient Polynesians navigated across the Pacific by recognizing many patterns, from the stars’ constellations to more subtle ones such as the directions and sizes of ocean swells. Very recently, mathematicians like me have started to study large collections of objects that have no patterns of a particular sort. How large can collections be before a specified pattern has to appear somewhere in the collection ..read more
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California is wrestling with electricity prices – here’s how to design a system that covers the cost of fixing the grid while keeping prices fair
Global Macro Investing
by InvestMacro
2d ago
By Yihsu Chen, University of California, Santa Cruz and Andrew L. Liu, Purdue University  Small-scale solar power, also known as rooftop or distributed solar, has grown considerably in the U.S. over the past decade. It provides electricity without emitting air pollutants or climate-warming greenhouse gases, and it meets local energy demand without requiring costly investments in transmission and distribution systems. However, its expansion is making it harder for electric utilities and power grid managers to design fair and efficient retail electricity rates – the prices that households p ..read more
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Trade restrictions between the US and China are intensifying. Japan’s currency diplomats talk about possible intervention to support the yen
Global Macro Investing
by InvestMacro
2d ago
By JustMarkets The Dow Jones Index (US30) decreased by 0.41% as of Monday’s stock market close. The S&P 500 Index (US500) was down 0.31%. The NASDAQ Technology Index (US100) closed negative 0.27%. Stock indices declined moderately on Monday as some hawkish comments from the Federal Reserve pushed T-note yields up and stocks lower. Atlanta Fed President Bostic said that if the economy performs as expected, the Fed can be patient with interest rates, and he expects only one 25 bps rate cut this year. Bostic’s prediction is less than the three  ..read more
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Japanese Yen Awaits Intervention Amid Weakness
Global Macro Investing
by InvestMacro
2d ago
By RoboForex Analytical Department The USD/JPY pair stabilised around 151.35 by Tuesday, not far from its recent peaks, as the weakness of the Japanese yen has prompted verbal interventions from Japanese authorities. Japan’s Finance Minister, Shunichi Suzuki, mentioned that measures to normalise the yen are quite likely. He cited excessive volatility as increasing uncertainty for the country’s trading partners and creating adverse conditions for business operations. Monetary policy official Masato Kanda remarked that the yen’s current weakness does not reflect fundamental factors, labelli ..read more
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Stocks: What to Make of All This Insider Selling
Global Macro Investing
by InvestMacro
3d ago
Here are details of “The Great Cash-Out” By Elliott Wave International Corporate insiders may sell the shares of their company for any number of reasons but one of them is not because they think the price is going up. In other words, insider selling can serve as a warning. For example, the January 2022 Elliott Wave Financial Forecast, a monthly publication which covers major U.S. financial markets, noted: Only one group is selling. … Corporate insiders sold a record $64.5 billion of their firms’ shares through November [2021]. As the December [2021] Theorist noted, insiders “know what their co ..read more
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