Analyst news

• ECB jumps ahead of the Fed to deliver its first rate cut. Is now a good time to invest in Europe ETFs?

  06-06-2024 23:04 via rocketnews.com
  Europe ETFs edged higher after the European Central Bank cut interest rates for the first time in five years. Investors are fretting over whether there’s room for these regional equities to build on their record-hitting rally so far in 2024.
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  [mwai_chat context=”Let’s have a discussion about this article:nnEurope ETFs edged higher after the European Central Bank cut interest rates for the first time in five years. Investors are f
  
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• Nvidia retreats from $3 trillion territory as stock’s momentum stalls

  06-06-2024 20:32 via rocketnews.com
  Not only will investors will have to wait to see Nvidia topple Microsoft, but now Nvidia will have to get past Apple again as well if it seeks to become the largest U.S. company by market cap.
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  [mwai_chat context=”Let’s have a discussion about this article:nnNot only will investors will have to wait to see Nvidia topple Microsoft, but now Nvidia will have to get past Apple again as well if it seeks to become the largest U.S. company by
  
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• These consumer stocks are struggling. What it says about the market and U.S. households. 

  06-06-2024 14:50 via rocketnews.com
  U.S. stocks notched another round of all-time highs, but a look beneath the record-setting streak shows cracks are starting to form in some of the consumer stocks.
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  [mwai_chat context=”Let’s have a discussion about this article:nnU.S. stocks notched another round of all-time highs, but a look beneath the record-setting streak shows cracks are starting to form in some of the consumer stocks.nnDiscussion:nn” ai_name=”RocketNe
  
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• Trade deficit jumps to 1 1/2-year high on strong U.S. demand for imported goods

  06-06-2024 14:38 via rocketnews.com
  The trade deficit surged by almost 9% in April to a one-and-a half year high because of an increase in imports, a sign that a steadily growing U.S. economy still has plenty of demand.
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  [mwai_chat context=”Let’s have a discussion about this article:nnThe trade deficit surged by almost 9% in April to a one-and-a half year high because of an increase in imports, a sign that a steadily growing U.S. economy still has plenty of demand.nnDisc
  
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• Jobless claims climb to 4-week high of 229,000, but layoffs still show little sign of accelerating

  06-06-2024 14:34 via rocketnews.com
  The number of Americans who applied for unemployment benefits last week rose to a four-week high of 229,000 — likely in part due to the end of the school year — but there was little sign of rising layoffs.
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  [mwai_chat context=”Let’s have a discussion about this article:nnThe number of Americans who applied for unemployment benefits last week rose to a four-week high of 229,000 — likely in part due to the end of the sc
  
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• Exxon Mobil (XOM) Stock Forecast for 2024, 2025 – 2026 and Beyond

  06-06-2024 12:31 via litefinance.org
  
  Exxon Mobil (XOM), a titan in the oil and gas industry, stands as a beacon for investors seeking stability and growth. Its stock, XOM, reflects the company's vast global presence and its pivotal role in energy production and exploration. As a key player in a sector critical to the global economy, Exxon Mobil's performance is closely watched by investors and analysts alike.This article will cover the Exxon Mobil stock forecast for 2024-2026 and beyond, highlighting the factors that could sway its
  
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• Peso needs to cool down. Forecast as of 06.06.2024

  06-06-2024 11:58 via litefinance.org
  
  The USDMXN pair's volatility spike could remove the super peso tag from the Mexican currency. The incoming administration should adopt conciliatory rhetoric to buoy the peso. Let's discuss this topic and make a trading plan.Monthly fundamental Mexican peso forecastA convincing victory of one party in an election usually indicates political stability and leads to lower volatility and appreciation of the national currency. Not in the case of the Mexican peso. The fact that Claudia Sheinbaum b
  
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• ‘Late Show With David Letterman’ band leader Paul Shaffer just sold this beautiful Westchester County home for $2.3 million

  06-06-2024 11:01 via rocketnews.com
  The spot is ideal for someone who wants a high-end home with a country feel that’s still a hop, skip, and a jump away from the Big Apple.
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  [mwai_chat context=”Let’s have a discussion about this article:nnThe spot is ideal for someone who wants a high-end home with a country feel that’s still a hop, skip, and a jump away from the Big Apple.nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can
  
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• Short-term analysis for oil, gold, and EURUSD for 06.06.2024

  06-06-2024 09:14 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.Gold has reached the resistance (A) today.Oil price forecast for today: USCrude analysisOil maintains an upward correction, aiming to reach the resistance (A) 75.74 - 75.44. Once the price hits this area, consider short trades within a short-term downtrend wi
  
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• Euro keeps its promise. Forecast as of 06.06.2024

  06-06-2024 09:13 via litefinance.org
  
  In April, the European Central Bank promised to ease monetary policy at its next meeting. It's time to meet its commitments. Theoretically, this must make the EURUSD decline, but the pair is growing. Why? Let’s discuss it and make a trading plan.Fundamental forecast for euro for todayAll 82 experts surveyed by Reuters predict that the ECB will cut the deposit rate from 4% to 3.75% at its meeting on 6 June. However, not everyone thinks that's a good idea. Algebris Investments calls this ver
  
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• Short-term analysis for BTCUSD, XRPUSD, and ETHUSD for 06.06.2024

  06-06-2024 08:08 via litefinance.org
  
  Dear readers,I've prepared a short-term forecast for Bitcoin, Ripple, and Ethereum based on the Elliott wave analysis.Elliott Wave analysis for BitcoinThe impulse made of subwaves [1]-[2]-[3]-[4]-[5] continues forming in Bitcoin's chart. Its subwaves [1]-[2]-[3]-[4] are fully completed. The initial part of the final impulse wave [5] is currently unfolding, with the first small subwaves (1)-(2) already formed. The first subwave (1) may be unfolding as part of wave [5]. Correction 4 has presumably
  
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• Amazon’s New York union of 8,000 workers formally affiliates with the Teamsters

  06-06-2024 03:12 via rocketnews.com
  The International Brotherhood of Teamsters announced Wednesday that it has formally affiliated with the Amazon Labor Union, with a vote to ratify the affiliation to take place in “the coming weeks.”
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  [mwai_chat context=”Let’s have a discussion about this article:nnThe International Brotherhood of Teamsters announced Wednesday that it has formally affiliated with the Amazon Labor Union, with a vote to ratify the affiliation
  
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• People who got Norfolk Southern relief money after Ohio train derailment won’t be taxed on it, IRS says

  06-06-2024 00:00 via rocketnews.com
  The people receiving money to relocate, repair homes and pay medical bills after the February 2023 train derailment in East Palestine do not have to report the payments on their taxes, the IRS said Wednesday.
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  [mwai_chat context=”Let’s have a discussion about this article:nnThe people receiving money to relocate, repair homes and pay medical bills after the February 2023 train derailment in East Palestine do not have to report the paym
  
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