Wedbush’s Dan Ives predicts the next $4 trillion market cap stock — one Cramer also likes
The analyst thinks it could happen this summer.
USD/JPY Climbs as Yen Struggles Amid Trade Tensions
On Friday, the USD/JPY pair advanced to 146.93, marking a three-week high as the US dollar continued to strengthen against a backdrop of escalating global trade tensions. Recent developments in US trade policy have further unsettled markets. US President Donald Trump announced additional tariffs, including a 35% levy on Canadian imports, alongside plans for sweeping […]
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ECB’s Schnabel: Inflation on track, economy resilient, bar for further rate cut very high
ECB Executive Board member Isabel Schnabel signaled in an interview with Econostream Media that there is urgency for further easing. Schnabel noted that inflation is now projected to be at 2% target over the medium term, and expectations remain “well anchored”, while interest rates are in a “good place”. She added that “the bar for […]
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China’s ‘instant commerce’ price war sees $0.30 drinks and billions in subsidies doled out
China’s ‘instant commerce’ sector is experiencing a cut-throat price war with companies launching massive subsidy programs and other promotions.
ECB’s Panetta: Monetary policy approach in coming months must remain flexible, pragmatic
- ECB in a good position to carefully consider upcoming steps.
- If downside growth risks strengthen disinflationary process, ECB should keep easing monetary policy.
- Potential reduction in the global importance of US markets could create chances for others, including Europe.
- Europe can benefit from reallocation of global portfolios but it must act.
Panetta is a dove so it’s not surprising him to place more focus on growth than inflation.
This article was written by Giuseppe Dellamotta at www.forexlive.com.
Hong Kong Stocks Rally on China Stimulus Hopes, AUD/USD (Chart of the Day)
The S&P 500 edged up 0.3% on Thursday, 10 July, closing at a marginal new record high of 6,280. However, bullish momentum faded in the Asian session, with S&P 500 and Nasdaq 100 E-mini futures both down 0.3% amid renewed tariff anxieties. Trump escalates trade tensions with Canada US President Trump announced a tariff hike […]
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GBP/JPY Daily Outlook
Daily Pivots: (S1) 198.24; (P) 198.74; (R1) 199.11; More… Intraday bias in GBP/JPY remains neutral for consolidations below 199.80. Further rise is expected as long as 195.33 support holds. Break of 199.80 will resume the rise from 184.35 to 100% projection of 180.00 to 199.79 from 184.35 at 204.14 next. In the bigger picture, price […]
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USD/JPY Daily Outlook
Daily Pivots: (S1) 145.74; (P) 146.27; (R1) 146.77; More… Intraday bias in USD/JPY remains neutral as range trading continues. On the upside, firm break of 148.01 resistance will resume the rise from 139.87 to 61.8% retracement of 158.86 to 139.87 at 151.22. However, break of 142.66 will bring deeper fall back to retest 139.87 low. […]
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GBP/USD Daily Outlook
Daily Pivots: (S1) 1.3534; (P) 1.3577; (R1) 1.3620; More… Intraday bias in GBP/USD stays neutral at this point. Corrective pullback from 1.3787 could extend lower. But downside is expected to be contained by 1.3369 support to bring rebound. On the upside, above 1.3680 minor resistance will bring retest of 1.3787. Firm break of 1.3787 will […]
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North Carolina is America’s Top State for Business in 2025, led by a strong workforce and economy
North Carolina is America’s Top State for Business in 2025, led by a strong workforce and economy.