The Bank of Canada Keeps Overnight Rate Steady Overview of Current Economic Conditions The Bank of Canada today held its target for the overnight rate at 4½%, with the Bank Rate at 4¾% and the deposit rate at 4½%. The Bank is also continuing its policy of quantitative tightening. Inflation in many countries is easing…
Market Fluctuations: A Rollercoaster Ride Ups and Downs in the US Stock Market The US stock market traded yesterday without a single trend. At the close of trading, Dow Jones Index (US30) increased by 0.30%, S&P 500 (US500) added 0.10%. But NASDAQ Technology Index (US100) was down by 0.03%. It seems like the market is…
Are AUD/USD Bulls Back in Action? What’s Happening in the Market? After a week-long absence, AUD/USD bulls seem to be back in motion. The upbeat Aussie catalysts surrounding foreign trade and sentiment have underpinned the quote’s latest recovery from a three-week low to 0.6670 as we head into Tuesday’s European session. Reasons for the Rebound…
Hello Traders, Let’s Talk About the NIKKEI (JAPAN225) Index! Reactions Lower From Equal Legs Area Hey there fellow traders! Today, we’re diving into the exciting world of the NIKKEI (JAPAN225) index and its recent reaction lower from the equal legs area. Here at Elliott Wave Forecast, we’ve developed a system that allows us to pinpoint…
Data Server Market to Grow at a CAGR of… Overview In a recent report published by IndexBox, a leading market research firm, the global data server market is projected to grow at a compound annual growth rate (CAGR) of… Market Analysis The report provides a comprehensive analysis of the market, including a forecast for the…
Battalion Oil Corporation Announces Fourth Quarter 2022 Financial and Operating Results HOUSTON, March 30, 2023 (GLOBE NEWSWIRE) Battalion Oil Corporation (NYSE American: BATL, “Battalion” or the “Company”) today announced financial and operating results for the fourth quarter 2022. Key Highlights Generated full year 2022 sales volumes of 15,438 barrels of oil equivalent per day (“Boe/d”)…
AUD/USD: The Risk-Barometer Status What is Happening in the Markets? The AUD/USD pair is currently hovering around the 0.6680 mark, experiencing some volatility in today’s trading session. The previous session ended on a downbeat note, with the pair facing losses attributed to a rebound in the US Dollar and disappointing inflation numbers from Australia. The…
US Stocks Rally as Banking Sector Gains Momentum First Citizens BancShares Inc. Acquires SVB Financial Group’s Silicon Valley Bank First Republic Bank Receives Boost from Potential US Authorities Support US stocks surged higher today as the banking sector rebounded from recent lows, fueled by optimism surrounding potential additional support from US authorities. This positive sentiment…
