JPMorgan stock sails ahead on an impressive Q3 showing. GAAP EPS arrives 10% above Wall Street consensus. Revenue benefits from investment banking, wealth management fees. Traders focus on setting new all-time high. JPMorgan (JPM) stock surged over 5% on Friday after the nation’s largest bank released earnings that strongly beat consensus. The Producer Price Index […]
Silver price drops to near $31.60 with US core PCE inflation taking center stage. The US core PCE price index accelerated to 2.7% in August year-on-year. Investors expect the Fed to reduce interest rates further by 75 bps in the remainder of the year. Silver price (XAG/USD) extends its correction to near $31.60 in Friday’s […]
Silver price weakens as the US Dollar and bond yields recover. The Fed is expected to cut interest rates by 50 bps in September. Investors’ concerns over Silver’s demand as a metal have deepened. Silver price (XAG/USD) skids below the crucial support of $27.00 in Tuesday’s European session. The white metal weakens as investors worry […]
USD/CAD stays on the sidelines above 1.3700 amid uncertainty over the timeframe for Fed rate cuts. US customers cut heavily on discretionary spending, which indicates a decline in purchasing power. Canadian Retail Sales are expected to have returned in a positive trajectory. The USD/CAD pair trades in a tight range but comfortably holds the crucial […]
