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Cibc on "upside risks to aud" - forecast to 0.69

CIBC on the Australian dollar, forecasting 0.68 in Q3 2023 & 0.69 in Q4.CIBC cite:After surprising markets with rate hikes in May and June, RBA Govern...

June 8, 2023, 11:16 pm

Oil prices fall on demand fears, headed for second weekly loss

Oil prices fell in early Asia trade on Friday as demand concerns outweighed the prospect of tighter supply from global producers while investors...

June 8, 2023, 9:37 pm

Boa expect eur/usd to remain weak until there is a shift in the fed's stance

Remarks for analysts at Bank of America on the euro, the Federal Reserve and the European Central Bank:As long as global and especially US inflation...

June 8, 2023, 9:08 pm

Golden ocean: fundamentals and future supply and demand supports our buy stance

Golden Ocean Group's (GOGL) share price has dropped 43% since being upgraded to a Buy a year ago, but the company's financial performance and business...

June 8, 2023, 7:26 pm

Lumen technologies: limited promises, no results

Lumen Technologies hosted Investor Day 2023 on June 5, with the company providing financial targets through 2027. The telecom is now forecasting muted...

June 8, 2023, 6:02 pm

Oil in choppy waters, gold eyes us inflation and the fed

Oil remains volatile but below pre-US regional banking crisis range It’s been a very choppy week in o...

June 8, 2023, 5:52 pm

5 reasons why investors should have some exposure to gold

As more and more debt is accumulated and the money supply grows, the value of the U.S. dollar will continue to erode. Inflation is sticky and comes in...

June 8, 2023, 5:36 pm

Usdcad bias remains lower, but low today can't take out yesterday's low

The USDCAD is currently experiencing a dip in its trading value, with the lowest price point registered during early European trading hours. However, ...

June 8, 2023, 5:27 pm

Federal reserve reports first-quarter household net worth rises by $3 trillion

First-quarter household net worth rose $3 trillionHousehold debt is up by 2.2%Stock gains added $2.4 trillionReal estate declined by $600 billion for ...

June 8, 2023, 4:23 pm

Market watch: gold prices stabilize, egx ends green thursday

Gold prices remained stable on Thursday falling over the past two days, while all Egyptian stock market...

June 8, 2023, 3:44 pm

Tesla opens charging to ford, highlighting weak national infrastructure

Ford Motor Company has decided to collaborate with Tesla, Inc., embracing its proprietary charging standard, which may lead other automakers to follow...

June 8, 2023, 3:04 pm

Sunset market commentary

Markets Question today was whether markets would build on yesterday’s post-BoC repositioning. Team Tiff Macklem concluded they had no other option b...

June 8, 2023, 2:14 pm

Bitcoin, ethereum fall following jobless claims data; kava, lido dao among top losers

Bitcoin BTC/USD traded lower, but the cryptocurrency prices remained above the $26,000 level on Thursda...

June 8, 2023, 2:14 pm

Gm to invest $500 million to build next-generation cadillac escalade, other large suvs

The notably profitable SUVs remain in high demand, and sales are needed to assist in funding the automa...

June 8, 2023, 1:59 pm

Usd/jpy mid-day outlook

Daily Pivots: (S1) 139.39; (P) 139.82; (R1) 140.61; More… No change in USD/JPY’s outlook and intraday bias...

June 8, 2023, 1:50 pm

Usdjpy rotates lower and back below the 100/200 hour ma. ups and downs continue.

The USDJPY moved lower after the initial jobless claims moved to new 20-month highs. The data, pushed the USDJPY back below its near converged 100/200...

June 8, 2023, 1:41 pm

Gold recovering after poor us job data, but bounded in range

Gold recovered notably in early US session, following the selloff in Dollar on much worse than expected US jobless claims data. But after all, Gold is...

June 8, 2023, 1:02 pm

First internet bancorp: highly undervalued but there is a reason

First Internet bank is currently undervalued but faces challenges due to rising deposit costs and a struggling loan portfolio. Management...

June 8, 2023, 1:00 pm

3 stocks to buy from the booming consulting services industry

With service activities remaining healthy, the Zacks Consulting Services industry is poised to prosper....

June 8, 2023, 12:08 pm

Chart of the week: are there financials in your etfs?

While it has been months since the latest regional bank failure, many advisors remain concerned. They f...

June 8, 2023, 11:55 am


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