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Daily Broad Market Recap – October 28, 2024
The coast was clear in terms of top-tier economic releases on Monday, but there was no shortage of major moves among major asset classes.
Check the headlines that drive price action.
Titles:
Targeted Israeli air strikes Over the…
Chart Art: QQQ (Nasdaq 100 ETF) Rising Wedge Pattern In Focus
The high-tech Nasdaq 100 ETF (QQQ) finds itself at a critical technical juncture just as the tech giants prepare to release earnings!
Will strong tech gains fuel a sustained break above the rising wedge, or could any disappointments…
Chart Art: GBP/USD’s Potential Trend Pullback Levels
The British pound has just stopped the downtrend around a potential technical support area.
Will GBP/USD find enough demand at this level to extend the long-term trend?
We check the daily chart!
GBP/USD 1 Hour Forex Chart by…
Week Ahead in FX (Oct. 28 – Nov. 1): Global GDP and Inflation Reports, Plus BOJ and U.S. Jobs…
With a full slate of GDP, inflation, and central bank updates, markets are bracing for a whirlwind of economic insights this week. With the Bank of Japan, global data and US jobs numbers coming in, traders will be studying each report…
Premium Watchlist Recap: Oct. 22-23, 2024
This week our currency strategists focused on... Interest rate statement from the Bank of Canada and Eurozone PMI survey updates For potentially high quality settings.Of the eight scenario/price forecast discussions this week, Arguably,!--/sse-->!--sse-->…
Potential Impact of U.S. Play Store Remedies on Google and App Developers
U.S. Play Store policy changes could mean higher profits for developers and slight revenue loss for Google. Analysts at Wells Fargo foresee increased direct billing benefits.
Oil Prices Likely to Fall as Israel Shows Restraint in Strikes on Iran
With Israel’s restrained strikes on Iran sparing oil infrastructure, analysts forecast a likely drop in oil prices as markets reopen. This response has cooled fears of supply disruptions.
Coca-Cola FEMSA Achieves Revenue Growth in Q3 2024 Despite Market Challenges
Coca-Cola FEMSA achieved revenue and volume growth in Q3 2024, with plans for further expansion and digital transformation to sustain long-term growth.
Global Market Weekly Recap: October 21 – 25, 2024
This week's market action highlighted the tug of war between rising US Treasury yields and safe-haven flows, as investors digested mixed economic data, inflation, geopolitical concerns and uncertainties related to the US and Japanese…
Oil Prices Climb, Set for Weekly Gains Amid Middle East Tensions
Oil prices are rising as Middle East tensions keep a risk premium in place. Brent and WTI futures are both up over 2% this week, driven by supply concerns and market speculation.