Analyst news

• GameStop shares slide as trading volume in options contracts associated with ‘Roaring Kitty’ surges

  12-06-2024 23:55 via rocketnews.com
  A selloff in GameStop shares on Wednesday corresponded with a surge in volume for call options believed to be owned by Keith Gill, better known by his online handles “Roaring Kitty” and “DeepF—ingValue.”
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  [mwai_chat context=”Let’s have a discussion about this article:nnA selloff in GameStop shares on Wednesday corresponded with a surge in volume for call options believed to be owned by Keith Gill, better k
  
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• Tommy Bahama maker says shoppers are still ‘more cautious than originally anticipated,’ but cites this improvement

  12-06-2024 23:43 via rocketnews.com
  Shares of Oxford Industries Inc. fell after hours on Wednesday after the owner of the Tommy Bahama and Lilly Pulitzer clothing lines cut its full-year sales and profit outlook, saying that consumers have “become more cautious than originally anticipated.”
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  [mwai_chat context=”Let’s have a discussion about this article:nnShares of Oxford Industries Inc. fell after hours on Wednesday after the owner of the Tommy Bahama and Li
  
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• Treasury yields remain lower as Powell speaks, Fed pencils in only one rate cut in 2024

  12-06-2024 20:38 via rocketnews.com
  Rates on 2- through 30-year U.S. government debt remained broadly lower on Wednesday as Federal Reserve Chairman Jerome Powell spoke to reporters following a cooler-than-expected consumer-price index for May.
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  [mwai_chat context=”Let’s have a discussion about this article:nnRates on 2- through 30-year U.S. government debt remained broadly lower on Wednesday as Federal Reserve Chairman Jerome Powell spoke to reporters following a cooler
  
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• Biden’s small-business boom may undercut Trump’s economic edge

  12-06-2024 20:30 via rocketnews.com
  Entrepreneurship is nothing short of a civic religion in America, and so it’s no wonder that President Joe Biden’s administration is loudly touting a recent surge in the formation of new businesses ahead of November’s election.
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  [mwai_chat context=”Let’s have a discussion about this article:nnEntrepreneurship is nothing short of a civic religion in America, and so it’s no wonder that President Joe Biden’s
  
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• U.S. budget deficit hits $1.2 trillion with fiscal year now two-thirds over

  12-06-2024 20:00 via rocketnews.com
  The cumulative U.S. budget deficit has reached $1.202 trillion with the federal government now two-thirds through its current fiscal year, driven in part by rising interest payments on the national debt.
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  [mwai_chat context=”Let’s have a discussion about this article:nnThe cumulative U.S. budget deficit has reached $1.202 trillion with the federal government now two-thirds through its current fiscal year, driven in part by rising inter
  
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• Fed’s $1 trillion pile of paper losses are turning into actual losses — with more in sight

  12-06-2024 19:51 via rocketnews.com
  The Federal Reserve’s roughly $1 trillion pile of paper losses stemming from its underwater securities holdings have begun to turn into more than $100 billion in actual losses, with no relief in sight.
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  [mwai_chat context=”Let’s have a discussion about this article:nnThe Federal Reserve’s roughly $1 trillion pile of paper losses stemming from its underwater securities holdings have begun to turn into more than $100 billion
  
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• Inflation is cooling — but Americans’ concerns about it are hotter than ever, by one measure

  12-06-2024 19:32 via rocketnews.com
  Wall Street investors are cheering an inflation report showing no monthly increase in the cost of living during May — but good luck convincing consumers that the flat numbers are positive news.
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  [mwai_chat context=”Let’s have a discussion about this article:nnWall Street investors are cheering an inflation report showing no monthly increase in the cost of living during May — but good luck convincing consumers that the flat
  
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• Oil prices trim gains after rise in U.S. crude, gasoline inventories

  12-06-2024 19:24 via rocketnews.com
  Oil futures trimmed gains Wednesday, pulling back from session highs attributed to a cooler-than-expected May consumer-price index reading after government data showed unexpected increases in U.S. crude and gasoline inventories.
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  [mwai_chat context=”Let’s have a discussion about this article:nnOil futures trimmed gains Wednesday, pulling back from session highs attributed to a cooler-than-expected May consumer-price index reading after
  
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• Economic calendar for the week 17.06.2024 – 23.06.2024

  12-06-2024 15:25 via litefinance.org
  
  The most important events of the coming week may be: the RBA's decision on the interest rate, inflation data in the UK, meetings of the Central Banks of Switzerland and the UK and the publication of preliminary PMI indices for Europe and the USA.In addition, in the week 17.06.2024 – 23.06.2024, market participants will pay attention to the publication of important macro statistics for the UK, China, New Zealand, and the USA.Note: During the coming week, new events may be added to the calen
  
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• Mexican peso loses its shine. Forecast as of 12.06.2024

  12-06-2024 11:55 via litefinance.org
  
  When a political party is willing to enact radical reforms, any currency can quickly lose its appeal, as happened with the Mexican peso. Let's discuss this topic and make a trading plan for USDMXN.Quarterly fundamental Mexican peso forecastThere is only one step from the sublime to the ridiculous. The Mexican peso was a top performer among the world's major currencies in 2023 and was off to a great start in 2024. In the run-up to the June elections, asset managers increased a net long posit
  
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• Short-term analysis for oil, gold, and EURUSD for 12.06.2024

  12-06-2024 09:28 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.Oil's short-term trend turned bullish yesterday.Oil price forecast for today: USCrude analysisOil's short-term trend changed to an uptrend yesterday. The price breached the resistance (B) 77.39 - 76.94. The bullish target has shifted to the upper Target Zone
  
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• Short-term analysis for BTCUSD, XRPUSD, and ETHUSD for 12.06.2024

  12-06-2024 09:16 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 last segment of the chart shows the development of the final part of a bullish impulse – wave [5], with subwave (1) forming as its part. Correction 4, which includes subwaves [W]-[X]-[Y], is likely completed as part of subwave (1). The price is expected to rise in subwave 5, probably to the high of 71827.95.Trading plan for BTCUSD for to
  
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• They don't allow the euro to sink. Forecast as of 12.06.2024

  12-06-2024 08:53 via litefinance.org
  
  New record highs in the S&P 500 and declining treasury yields are saving the EURUSD. However, the pair may lose support after the release of US inflation data and the announcement of the Fed meeting results. Let's discuss this and make a trading plan.Fundamental forecast for euro for todayThe stars have aligned. A key macroeconomic report and FOMC forecasts are rarely published on the same day. Fed officials will have to adjust their estimates at the last moment, while traders from Tokyo to
  
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• Biden administration moves to remove medical debt from consumers’ credit reports — but not from their wallets

  12-06-2024 02:22 via rocketnews.com
  Unpaid medical bills will be wiped off credit reports under a proposed rulethat’s a win for people trying to salvage their finances after health emergencies, the Biden administration said Tuesday.
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  [mwai_chat context=”Let’s have a discussion about this article:nnUnpaid medical bills will be wiped off credit reports under a proposed rulethat’s a win for people trying to salvage their finances after health emergencies, the Bi
  
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• Nathan’s hot-dog eating champ Joey Chestnut is now promoting plant-based franks

  12-06-2024 00:24 via rocketnews.com
  The competitive-eating great is joining forces with plant-based meat company Impossible Foods — but he’s been banned from the Nathan’s Famous Fourth of July event as a result.
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  [mwai_chat context=”Let’s have a discussion about this article:nnThe competitive-eating great is joining forces with plant-based meat company Impossible Foods — but he’s been banned from the Nathan’s Famous Fourth of July even
  
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