Chipotle Stock Is Getting Crushed – Where’s the Real Bottom?
Chipotle Mexican Grill (CMG) is one of those companies I’ve …
The post Chipotle Stock Is Getting Crushed – Where’s the Real Bottom? appeared first on Market Traders Daily.
Chipotle Mexican Grill (CMG) is one of those companies I’ve …
The post Chipotle Stock Is Getting Crushed – Where’s the Real Bottom? appeared first on Market Traders Daily.
In the European session, the only highlights are the flash PMIs for France, Germany, Eurozone and the UK. The ECB has already ended its easing cycle and it’s now just observing how the economy evolves for the rest of the year. The BoE is in a kind of a hard pause as they wait for…
Nasdaq rallies, tech optimism takes center stage US stock indices closed higher for the third straight session, buoyed by a sharp rally in the technology sector. The Nasdaq surged 2.74%, driven by strong earnings reports from companies such as Alphabet and ServiceNow. Investors are energized by speculation over a possible easing of trade tensions between…
Chair Powell’s Jackson Hole speech represented a marked shift in tone from the Fed’s July minutes earlier this week. The minutes suggested that most FOMC members saw the upside risks to inflation as “more salient” than the downside risks to inflation, but Chair Powell acknowledged today that the balance of risks “appears to be shifting”….
By RoboForex Analytical Department Gold traded around 3,760 USD per ounce on Wednesday, hovering near the record high established the previous day. The market continued to digest commentary from Federal Reserve officials, including Chair Jerome Powell. Powell acknowledged the Fed’s challenging position, citing a combination of accelerating inflation and sluggish employment growth, which together heighten…
The EURJPY market has come under strong headwinds, which have kept pushing the market lower. The mentioned headwind seems to have originated from a stronger-than-expected inflation figure and a hawkish comment from the BoJ’s governor. This hints that fewer interest rate cuts may occur soon. This has continued to drive the EURJPY market deeper. Let’s…
EUR/USD: Hawkish Sentiments of the Fed As expected, the key day of last week was Wednesday, 12 June. After the publication of inflation data in the USA, the dollar came under strong pressure. Fresh figures showed that in May, the overall inflation rate (CPI) in annual terms decreased to 3.3% compared to the expected 3.4%….