US & UK MARKETS Are Closed on Monday
US & UK MARKETS are closed on Monday (27/05/24) due to the Memorial Day holiday, so traders are debating what the EUROPEAN CENTRAL BANK will decide on June 6.
Daily Report | 28 May2024
US & UK MARKETS are closed on Monday (27/05/24) due to the Memorial Day holiday, so traders are debating what the EUROPEAN CENTRAL BANK will decide on June 6.
Weekly Report | 27 May 2024
Last week was filled with statements from Federal Reserve officials on the future direction of US interest rate policy.
Daily Report | 27 May 2024
The NASDAQ posted a record close on Friday (24/05/24), ending the week up 1.1% on the back of a surge in Nvidia shares which reported fantastic 1st quarter earnings, supporting bullish stock market sentiment. Nvidia reported revenue that increased 3x yoy and profit that jumped 7x on an annualized basis.
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Investors are Also Looking Forward to The Fed’s Latest Meeting Minutes
Investors are also looking forward to the Fed’s latest meeting minutes, which are scheduled to come out on Wednesday, after several Fed officials on Tuesday reinforced the stance that it is best for the central bank to be patient before starting to cut interest rates.
Daily Report | 22 May 2024
US stocks closed marginally higher on Tuesday (21/05/24), but still managed to send the S&P 500 and NASDAQ to record closing highs, as investors bought on weakness in tech stocks ahead of NVIDIA’s approaching earnings report, while assessing recent comments from Federal Reserve officials for clues on when an interest rate cut this year could materialize.
GOLD Surged to An All-Time High
GOLD surged to an all-time high as investors weighed hawkish comments from Federal Reserve officials regarding the handling of US Inflation. Fed officials’ comments still reflected the US central bank’s cautious view on their progress in controlling inflation, as well as the timing of interest rate cuts.
Daily Report | 21 May 2024
NASDAQ closed at a record high on Monday (20/05/24) and GOLD surged to an all-time high as investors weighed hawkish comments from Federal Reserve officials regarding the handling of US Inflation.
