Oil prices are set to form a bottom in the coming months, McClellan Financial Publications analysts argue.
Recent gold price trends, adjusted forward by 19.8 months, can be compared to crude oil prices, a shift that aims to highlight how gold’s price movements tend to echo in oil prices after that specific interval.
While not a flawless model, it generally provides strong accuracy, the report states. Occasionally, discrepancies occur, such as when Russia's invasion of... (continue reading...)
Analysts at Bank of America said June will be one "to remember" with key decisions for many central banks to come.
The investment bank noted that this week was rich in central bank surprises, with the Riksbank deciding to take the lead and cut rates and the Bank of England showing a lot more confidence in inflation going in the right direction than they had expected.
"In a way, we got a glimpse of what June - with key decisions for many central banks - would look... (continue reading...)
Investing.com - The U.S. dollar steadied Friday after losing ground the previous session on weak jobs data, while the pound gained in the wake of stronger-than-expected growth numbers.
At 04:10 ET (08:10 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded just higher at 105.115.
Dollar on track for small gains this weekThe dollar steadied Friday, and is course for minor gains this week after losses on Thursday following... (continue reading...)
Investing.com-- Most Asian stocks rose on Friday, tracking strength in Wall Street after more signs of a cooling U.S. labor market reinforced expectations for rate cuts later this year.
But Chinese stocks lagged their peers, stopping just short of entering a technical bull market after multiple reports said that the Biden administration was set to roll out new trade tariffs on the country, specifically against the electric vehicles sector.
Barring China, regional... (continue reading...)
Investing.com-- Shares of major Chinese electric vehicle makers fell on Friday, after multiple reports said that the U.S. was preparing more tariffs against Chinese companies, specifically aimed at EVs and other key sectors.
Li Auto Inc (HK:2015) (NASDAQ: LI), NIO Inc (HK:9866) (NYSE: NIO), BYD (HK:1211) and Geely Automobile (HK:0175) fell between 1% and 4% in Hong Kong trade, lagging a 1.5% jump in the Hang Seng index.
Xiaomi (OTC: XIACF) Corp (HK:1810), which recently... (continue reading...)
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Chinese stocks hit 2024 highs on more property support, positive trade data
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Gold prices tread water as dollar firms before Fed, inflation cues
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Tesla proposed launching robotaxis in China- China Daily
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