Analyst news

• Oil futures hit five-month high on strong manufacturing data, escalating geopolitical tensions

  01-04-2024 22:07 via rocketnews.com
  Oil futures advanced on Monday, with West Texas Intermediate crude reaching a five-month high after data showed business activity in the U.S. manufacturing sector expanded at a modest pace last month, while an Israeli air strike on the Iranian consulate in Syria threatened to worsen geopolitical tensions in the Middle East.
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  [mwai_chat context=”Let’s have a discussion about this article:nnOil futures advanced on Monday, with West
  
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• Treasury yields post biggest one-day leap in over a month as traders react to latest U.S. data

  01-04-2024 21:48 via rocketnews.com
  Yields on U.S. government debt jumped by the most in more than a month on Monday on signs of persistent inflation in the Institute for Supply Management’s manufacturing index and last Friday’s PCE report.
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  [mwai_chat context=”Let’s have a discussion about this article:nnYields on U.S. government debt jumped by the most in more than a month on Monday on signs of persistent inflation in the Institute for Supply Mana
  
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• Nikola’s stock heads for a record win streak as EV maker sues Heavy D, founder

  01-04-2024 17:55 via rocketnews.com
  Nikola’s stock rallied Monday toward a record-long win streak, as investors wouldn’t be distracted by the electric vehicle maker’s dispute with those connected to its convicted founder and former chairman, Trevor Milton.
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  [mwai_chat context=”Let’s have a discussion about this article:nnNikola’s stock rallied Monday toward a record-long win streak, as investors wouldn’t be distracted by the electric vehicle
  
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• Brent crude remains at five-month high to kick off new quarter after strong manufacturing data

  01-04-2024 17:35 via rocketnews.com
  Oil futures were steady on Monday morning, with Brent crude remaining near its five-month high after data showed manufacturing in China expanded in March to snap a five-month decline, while business activity in the U.S. manufacturing sector also grew at a modest pace last month.
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  [mwai_chat context=”Let’s have a discussion about this article:nnOil futures were steady on Monday morning, with Brent crude remaining near its five-mont
  
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• Tech-heavy Nasdaq is up five straight months. History shows this happens next, Bespoke says.

  01-04-2024 16:58 via rocketnews.com
  The U.S. stock market has been on a tear over the past five months — and more gains may be in store for the technology-heavy Nasdaq Composite Index, if history is any guide, according to Bespoke Investment Group.
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  [mwai_chat context=”Let’s have a discussion about this article:nnThe U.S. stock market has been on a tear over the past five months — and more gains may be in store for the technology-heavy Nasdaq Composite Index,
  
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• Treasury yields leap as traders react to latest U.S. data

  01-04-2024 16:49 via rocketnews.com
  Yields on U.S. government debt jumped Monday morning as traders reacted to signs of persistent inflation in the Institute for Supply Management’s manufacturing index and last Friday’s PCE report.
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  [mwai_chat context=”Let’s have a discussion about this article:nnYields on U.S. government debt jumped Monday morning as traders reacted to signs of persistent inflation in the Institute for Supply Management’s man
  
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• Gold: how strong is bullish momentum? XAUUSD weekly analysis for 01.04.2024 – 07.04.2024

  01-04-2024 15:44 via litefinance.org
  
  The gold rate reached a new all-time peak last week despite the dollar's strengthening. A Fed rate cut isn't ruled out, but the central bank's further decisions will be subject to macro statistics.The US Department of Labor report for March and PMI indices will be published this week. These events may affect the dynamics of the XAUUSD exchange rate. However, technical and fundamental analysis indicates that the uptrend will likely continue.Key takeaways Last week, US government bond yields conti
  
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• Treasury yield curve steepens as traders react to latest inflation data

  01-04-2024 14:19 via rocketnews.com
  Yields on longer-duration Treasurys ticked higher on Monday while short-dated yields declined as traders reacted to an inflation report and commentary from Federal Reserve Chair Jerome Powell from Friday.
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  [mwai_chat context=”Let’s have a discussion about this article:nnYields on longer-duration Treasurys ticked higher on Monday while short-dated yields declined as traders reacted to an inflation report and commentary from Federal Rese
  
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• Mexican peso: fearless. Forecast as of 01.04.2024

  01-04-2024 12:24 via litefinance.org
  
  USDMXN bears had concerns that the Bank of Japan would strengthen the yen and the Bank of Mexico would weaken the peso. However, when they were not confirmed, carry traders got down to business. Let's discuss the Forex outlook and make up a trading plan.Fundamental Mexican peso forecast for six monthsThe Mexican peso could become the best currency for the second year. In 2023, MXN became the best among Forex's most liquid monetary units. That year, the Mexican currency strengthened 13%
  
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• Short-term analysis for oil, gold, and EURUSD for 01.04.2024

  01-04-2024 10:18 via litefinance.org
  
  I welcome my fellow traders! I have made a price forecast for the USCrude, XAUUSD, and EURUSD using a combination of margin zones methodology and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders.The short-term gold uptrend continues.Oil price forecast for today: USCrude analysisToday, traders updated the March high at the level of 83.04. If the price consolidates above this high, the next target for purchases will be the Gold Zone 84.98 - 84.65.
  
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• Dollar has a strong position. Forecast as of 01.04.2024

  01-04-2024 08:42 via litefinance.org
  
  The Federal Reserve can afford to either cut rates more than expected or keep them at a plateau longer than expected. The regulator's further actions will depend on the cooling of the US economy and the acceleration of inflation. Let's discuss the Forex outlook and make up a EURUSD trading plan.Weekly US dollar fundamental forecastWait and see. According to Jerome Powell, this is the Fed’s position. There is no point in cutting rates right away. The US central bank can ease monetary policy
  
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• Short-term analysis for BTCUSD, XRPUSD, and ETHUSD for 01.04.2024

  01-04-2024 08:03 via litefinance.org
  
  I welcome my readers!I have prepared a short-term cryptocurrency forecast based on the Elliott wave analysis of Bitcoin, Ripple, and Ethereum. I offer entry signals to trade each cryptocurrency.Elliott wave Bitcoin analysisThe BTCUSD market is forming a horizontal correction (4) as a contracting triangle A-B-C-D-E, as outlined in the chart. As of now, the first wave A has completed. Correction B is about to finish as a standard zigzag [A]-[B]-[C] at a level of  71716.00, the upper cons
  
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• Nippon Steel’s new president says he’s committed to U.S. Steel acquisition

  01-04-2024 04:46 via rocketnews.com
  The new president of Nippon Steel Corp. says he’s determined to push through with the $14.1 billion acquisition of U.S. Steel Corp., and that a deal would help strengthen the American steelmaker.
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  [mwai_chat context=”Let’s have a discussion about this article:nnThe new president of Nippon Steel Corp. says he’s determined to push through with the $14.1 billion acquisition of U.S. Steel Corp., and that a deal would help stren
  
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