The recent restructuring of the European Union fiscal framework has stirred up concerns among analysts at Bank of America Securities. The new rules, which were put in place on April 30, aim to enforce budget constraints on member states to encourage responsible spending and reduce debt levels. However, this move has sparked a debate on
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Silver (XAGUSD) has been showing signs of impulsive structure since the low on 10.3.2023. The price action has been characterized by waves (1) through (5), with corrections in between. The metal rallied to 25.91 in wave (1), corrected to 21.94 in wave (2), extended to 29.79 in wave (3), and pulled back to 26.02 in
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Silver has recently surged above the $29.8 mark, reaching new highs not seen since January 2021. However, this surge was met with selling pressure, causing the price to pull back to $29.40. Despite this setback, the price of silver does not appear to be overheated. On the daily timeframes, it has just entered overbought territory
The central banks have been a topic of debate lately due to the potential divergence in interest rate policies. The Bank of Canada is expected to cut interest rates three times ahead of the Federal Reserve’s first move, according to a poll of analysts. The weakening Canadian dollar has sparked discussions about how much the
China recently released economic data that highlighted a mixed bag of results. Retail sales saw a modest increase of 2.3% in April, falling short of the 3.8% forecasted by a Reuters poll. This sluggish growth was a concerning sign for the consumer side of the economy. On the other hand, industrial production surged by 6.7%
Former Walmart U.S. CEO Bill Simon has sounded the alarms, warning that the retailer’s reliance on higher-income consumers might not be sustainable in the long run. While these affluent shoppers have contributed to Walmart’s recent success, Simon argues that their loyalty will be fleeting as economic conditions change. Simon critiques the foundation on which Walmart
Under Armour is facing a significant setback as its Class A shares plummeted by 11% and its Class C stock declined by 9% after the company issued full-year earnings guidance that fell below expectations. The sportswear maker now anticipates earnings in the range of 18 to 21 cents, which is a far cry from the
The analysts at Macquarie have shared their insights on the recent data related to the core Consumer Price Index (CPI) and its potential impact on the Federal Reserve’s interest rate policy. According to Macquarie, a single month of at-consensus core CPI may not be sufficient to trigger the Fed’s countdown on a rate cut. The
The recent release of CPI figures indicates a slowdown in inflation, leading to speculation of a potential rate cut. This development has weakened the dollar and consequently boosted the value of assets priced in dollars, such as BTC/USD. As a result, the price of Bitcoin has surged to a May high. There is sustained demand
The analysts at Wells Fargo believe that there will be rate cuts by the US Federal Reserve in the near future, although they do not expect these cuts to be aggressive. Despite the current “higher for longer” rate mentality, the market seems to be holding onto the hope of declining inflation and a desire for
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