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 faces pressures in extending its upside above $30.00 as US bond yields surge. The Fed seems prepared to cut interest rates in September. Investors keenly await the US core PCE inflation data for July. Silver price (XAG/USD) struggles to extend its upside above the psychological resistance of $30.00 in Tuesday’s New York session. […]
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 […]
Silver price refreshes weekly high at $29.20 as weak US NFP data sends US yields down. The US NFP report showed that labor demand has slowed and wage growth has softened. Investors see the Fed pivoting to policy normalization in September. Silver price (XAG/USD) posts a fresh weekly high at $29.20 in Friday’s North American […]
Silver price becomes flat after the release of the better-than-expected US JOLTS Job Openings data for June. US employers posted fresh 8.18 million vacancies. The Fed is expected to leave interest rates steady for eighth straight time. Silver price (XAG/USD) surrenders its intraday gains and falls slightly below $28.00 in Tuesday’s New York session. The […]
Share: US Dollar Index stays depressed after reversing from 11-week high. Yields, inflation expectations drop but activity data flash mixed signals to prod DXY bears. Absence of hawkish surprise from Fed, China-linked optimism exerts downside pressure on Greenback ahead of top-tier data. US CB Consumer Confidence can offer intraday directions but NFP, Fed’s […]
Share: Market sentiment remains cautiously optimistic despite the latest inaction. S&P500 Futures seek fresh clues to extend Monday’s rebound from one-week low. US Treasury bond yields consolidate the previous week’s rally amid downbeat inflation expectations, employment data. Hawkish Fed talks, US-China jitters are extra filters probing the momentum traders seeking fresh clues. The […]
Share: USD/JPY attracts some buyers and sees a rally to near the 143.00 region Investors digest the US labor data, believing the Federal Reserve (Fed) may not hike twice this year. The possible FX intervention by the Japanese central bank might keep USD/JPY’s upside in check. Traders might prefer to wait on the […]
