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The mega-rocket’s success is SpaceX’s “single most important watch item,” one analyst says.
AUD/USD edges lower after two days of gains, trading around 0.7000 during the early European hours on Thursday. The technical analysis of the daily chart shows that the pair is moving upwards within the ascending channel pattern, suggesting an emerging bullish bias.The AUD/USD pair is caught between nearby Exponential Moving Averages (EMAs) as the pair consolidates after its recent recovery. Price holds above the nine-period EMA, which offers immediate dynamic support, but remains capped by the 50-period EMA just overhead, keeping the near-term bias broadly neutral with a slight constructive tone. The 14-day Relative Strength Index (RSI) at 53.0 sits…
Warren Buffett was critical of a stock market that he said is increasingly driven by speculative trading, as opposed to investing for the long term. “It’s tough to find values when everybody is preferring gambling,” Buffett told CNBC’s Becky Quick.The chairman of Berkshire Hathaway had sharp words on the stock market earlier this year. In May, he likened it to “a church with a casino attached,” specifically calling out the surge in one-day options trading as “gambling.” The stock market has rallied to all-time highs this year, climbing a wall of worry that included an energy shock from an ongoing…
Producer inflation in the United States, as measured by the change in the Producer Price Index (PPI), declined to 5.5% on a yearly basis in June from 6% in May, the US Bureau of Labor Statistics (BLS) reported on Wednesday. This reading came in below the market expectation of 6.2%.On a monthly basis, the PPI declined by 0.3%, following the 0.6% increase recorded in May and improved compared with analysts’ estimate for no change.Other details of the report showed that the PPI ex Food & Energy was up 0.2% and 4.7% on a monthly and yearly basis, respectively.Market reactionThe US…
“I’ve always been a little skeptical of the government’s encouragement to delay claiming benefits.”
MON: OPEC MOMR (Jul), Turkish Retail Sales (May), US Monthly Budget Statement (Jun) TUE: Fed Chair Warsh Testimony, UK BRC Retail Sales (Jun), Chinese Balance of Trade (Jun), German Wholesale Prices (Jun), Chinese M2 Money Supply (Jun), US NFIB Business Optimism Index (Jun), US CPI (Jun) WED: BoC Policy Announcement (Jul), Chinese Activity Data (Jun), Fed Beige Book, Swedish CPIF Final (Jun), Spanish CPI Final (Jun), EZ Industrial Production (May), US PPI (Jun) THU: SNB Minutes (Jul), BoK Policy Announcement (Jul), UK GDP (May), Italian HICP Final (Jun), US Retail Sales (Jun), Jobless Claims, Philly Fed Index (Jul), Pending Home…
Strategic Petroleum Reserve stockpiles are precariously low and have been hit by major equipment failures, leaks and spills, according to a government report.
West Texas Intermediate (WTI) oil price extends its gains for the second successive day, trading around $79.60 per barrel during the Asian hours on Tuesday. Crude oil prices rise due to mounting supply anxieties following a sharp escalation of geopolitical hostilities in the Middle East.US President Donald Trump has reinstated a naval blockade targeting Iranian vessels and customers transiting the Strait of Hormuz, while simultaneously announcing that all other commercial cargo passing through the strategic waterway will be subject to a 20% reimbursement fee. Trump asserted that the US must be financially compensated for its military efforts to secure the…
Profit growth will overcome artificial intelligence concerns and lift the S&P 500, says Evercore ISI
Broker-Operated Prop Trading firm Prop Trading Prop trading moves fast. New firms launch, discounts get bigger and challenge offers compete for attention. But before comparing account sizes and profit splits, there is a more important question to ask: who is actually behind the challenge? What does “broker-operated” mean? Many prop firms rely on separate providers for their platforms, pricing, account technology and trading infrastructure. That can create several layers between the trader and the business running the challenge. When one provider changes its rules, withdraws access or experiences disruption, the trader may feel the impact. Firms such as…