Fri, March 29, 2024

News

Dollar edges back from a 16-month peak

Dollar Climbs as U.S. Markets Await Inflation Data

Quick Look: The dollar strengthens against major currencies before the crucial U.S. inflation announcement. Economic indicators point to robust U.S. growth, with a keen eye on the upcoming PCE data. Central banks signal varied stances as market participants speculate on interest rate movements. As anticipation builds ahead of the U.S. inflation data release set for …

Dollar Climbs as U.S. Markets Await Inflation Data Read More »

Ford

Ford Motor’s $419M Investment Boom: A Detailed Look

Quick Look: CVA Family Office LLC snaps up 4,559 shares of Ford Motor. Norges Bank makes a $419,237,000 new stake in Ford Motor. Institutional ownership of Ford’s stock stands at 58.74%. Ford Motor Company is a staple of American industry and a bellwether for the automotive sector. The industrial giant recently saw significant investment activity …

Ford Motor’s $419M Investment Boom: A Detailed Look Read More »

The government aspires to make Portugal Europe's top producer of prime lithium for electric car batteries.

$30M Mitsui Boost for Atlas Lithium’s Neves Project

Quick Look: Atlas Lithium signs investment and offtake agreements with Mitsui. Mitsui invests $30 million in Atlas Lithium, enhancing the Neves Project’s progress. The partnership aims to make Atlas a pivotal lithium supplier for global EV batteries. Atlas Lithium Corporation (NASDAQ: ATLX) has sealed a pivotal investment and offtake agreement with Mitsui & Co., Ltd. …

$30M Mitsui Boost for Atlas Lithium’s Neves Project Read More »

Stocks and various factors, Baltimore

$2M Daily Loss: Baltimore Bridge Collapse Aftermath

Quick Look: The Francis Scott Key Bridge in Baltimore collapsed after a massive container ship strike.  Daily wage loss is estimated at $2 million, affecting 8,000 jobs and disrupting cargo worth up to $200 million. President Biden seeks federal funding for rebuilding, highlighting the Bipartisan Infrastructure Law’s role.  Minimal overall economic growth impact predicted, with …

$2M Daily Loss: Baltimore Bridge Collapse Aftermath Read More »

Dollar and Euro

EUR/USD Dips And DXY at 104.30: Currency Shifts

Quick Look: EUR/USD rate Dips to 1.0820 during the Asian session. The US Dollar Index (DXY) hovers around 104.30, adjusting from March’s highs.  US GDP annualized Q4 2023 is expected to maintain a 3.2% increase. As the global financial landscape evolves, currency exchange rates and economic indexes are pivotal indicators for investors and policymakers. In particular, …

EUR/USD Dips And DXY at 104.30: Currency Shifts Read More »

Domino Pizza

Domino’s Stock Hits 52-Week High, Up 8.32% in a Week

Quick Look: Domino’s stock surges by 8.32% over the past week, hitting a new 52-week high of $480.94 Analysts elevate Domino’s Pizza to a Moderate Buy, with a revised average price target of $441.79 Robust quarterly earnings with an EPS of $4.48, surpassing estimates Domino’s Pizza Inc (DPZ) has recently carved out a noteworthy chapter …

Domino’s Stock Hits 52-Week High, Up 8.32% in a Week Read More »

Coffee

EU Rules And Drought Drop Coffee to $188, Down 7.7%

Quick Look: The coffee market consolidates amid regulations, environmental worries, and supply uncertainties, reflecting recent price declines. EU rules target deforestation, affecting coffee imports, prompting potential circumvention, signaling trading sustainability shifts. Droughts in Vietnam and Brazil hinder production, despite Brazil’s rise, affecting global coffee supply. Bullish patterns hint at price rebound during consolidation, while legislation …

EU Rules And Drought Drop Coffee to $188, Down 7.7% Read More »

MacBook Pro New Features and Impressions. GoFetch

GoFetch Discovers Vulnerability in Apple M-Series Chips

Quick Look: Apple’s M-series chips have a GoFetch vulnerability, found by researchers, risking millions of devices and raising global cybersecurity concerns. GoFetch exploits chips’ data-dependent prefetcher, letting attackers extract sensitive data through side-channel attacks, a complex issue. Institutions’ collaboration exposes GoFetch’s complexity, comparing it with Augury, showing the evolving microarchitectural exploits’ seriousness. Apple responds with …

GoFetch Discovers Vulnerability in Apple M-Series Chips Read More »

GBP/USD: British pound sterling coins.

GBP/USD Dives Below 1.27: BoE’s Dovish Shift Shakes Markets

Quick Look: GBP/USD fell over 100 pips, dropping below 1.2700 after the Bank of England’s dovish signals. Bank of England (BoE) maintains interest rates above 5% with a cautious outlook amid global uncertainties. UK inflation falls, offering BoE policy flexibility, while US durable goods orders show improvement. In the intricate world of forex trading, the …

GBP/USD Dives Below 1.27: BoE’s Dovish Shift Shakes Markets Read More »

dollar, usd/cad-american-canadian-dollars

USD/CAD Eyes 1.3600 Amid Market Volatility

Quick Look: USD/CAD rebounds near 1.3590, aiming for a recovery after recent dips. Speculation arises on USD/CAD’s potential to test the 1.3600 mark, influenced by crude oil dynamics and market sentiment. Recent downturns in WTI oil prices and remarks from the Bank of Canada (BoC) highlight significant economic challenges. The USD/CAD pair currently hovers near …

USD/CAD Eyes 1.3600 Amid Market Volatility Read More »

Investors and value stocks, super micro

Super Micro: Poised for 18% Stock Surge by Dec 2024

Quick Look: JPMorgan initiates coverage on Super Micro Computer Inc. with an “overweight” rating. Predicts stock price to climb 18% to $1,150 by December 2024. Super Micro aims to capture 10%-15% of the AI server market, which is set to expand to $283 billion by 2028. Quarterly earnings beat estimates with $5.59 EPS and $3.66B …

Super Micro: Poised for 18% Stock Surge by Dec 2024 Read More »

bank of france

France’s Fiscal Path 2023-2027: Deficit & Growth

Quick Look: France’s public deficit climbed to 5.5% of GDP in 2023, beyond the set target of 4.9%. The French government sets a reduction target for the deficit to less than 3% by 2027. Macron’s visit to Brazil emphasizes strengthening economic ties, focusing on green investment and defence cooperation. Amidst the global recovery phase, the …

France’s Fiscal Path 2023-2027: Deficit & Growth Read More »

Close up industrial view of oil refining. canola

Managed Money Traders Cut Canola Shorts by 11k

Quick Look: The Canola market sees a notable shift in trader activity based on the mid-March report. Managed money net short position in oil futures drops, indicating changing sentiment. Canola market’s open interest increases, signalling more engagement and optimism. Prices spike mid-March due to short covering and bullish signals; overbought conditions emerge. The Canola market …

Managed Money Traders Cut Canola Shorts by 11k Read More »