Gold prices touched a seven-month high amidst a general weakness in the Dollar and hopes of a dovish pivot by the Federal Reserve. Rate cut hopes were renewed after recent consumer price inflation readings in the U.S. showed a flat reading. The expected dip in the PCE-based inflation readings also supported sentiment for the yellow […]

Gold prices surged to a six-month high on Monday as the dollar remained subdued amid bets the Federal Reserve is down with interest rate hikes as inflation is cooling down, and recent data show the economy is slowing a bit. The dollar index dropped to 103.21 in the New York session, and despite emerging above […]

Gold prices fell on Tuesday as the dollar climbed higher ahead of the Federal Reserve’s monetary policy announcement, due on Wednesday. The Fed is widely expected to leave interest rates unchanged. Traders will pay close attention to the accompanying statement for clues about the outlook for rates. CME Group’s FedWatch Tool is currently indicating a […]

Crude oil prices drifted lower on Thursday, falling for a third successive session, after data showed a sharp jump in U.S. crude inventories in the week ended September 7th. Oil prices pared gains as the dollar rose after hot consumer price inflation report suggested the Fed might not be done raising rates. West Texas Intermediate […]

The initial pandemic period, when there were no vaccines, saw an environment of heightened uncertainties. The price of crude oil plunged to a negative $36.98 per barrel on Apr 20, 2020. However, with the rapid developments of vaccines, which led to the gradual opening of the economies, the pricing scenario of West Texas Intermediate crude […]

There are 5 earnings reports on the release calendar for Thursday, three before U.S. markets open and two due after markets close. The following table is based on data from Briefing.com and includes a consensus forecast in dollars for quarterly earnings per share and EPS reported last year, and the consensus forecast for quarterly revenue […]

September is historically known as Wall Street’s worst performing month and this year is no exception. Month to date, the three major stock indexes — the Dow, the S&P 500 and the Nasdaq Composite — are down 2.2%, 4.2% and 5.9%, respectively. Moreover, last week, both the S&P 500 and the Nasdaq Composite posted their […]

While treasuries managed to end the previous session modestly higher following the Federal Reserve’s monetary policy announcement, substantial selling pressure emerged during trading on Thursday. Bond prices moved sharply lower in early trading and remained firmly negative throughout the session. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, spiked […]

U.S. stock markets remain muted ahead of the Fed’s September FOMC meeting scheduled for Sep 19 and 20. Wall Street has seen a bull run in 2023 after a highly disappointing 2022. However, in the past one and a half months, volatility has returned to U.S. stock markets. This was primarily due to concerns regarding […]

Fintel reports that on September 15, 2023, Goldman Sachs maintained coverage of Adobe (NASDAQ:ADBE) with a Buy recommendation. Analyst Price Forecast Suggests 2.68% Upside As of August 30, 2023, the average one-year price target for Adobe is 566.94. The forecasts range from a low of 432.28 to a high of $693.00. The average price target […]