In an interview with CNBC on Friday, Federal Reserve (Fed) Governor Christopher Waller said that the Fed is in a position to cut the policy rate as early as July, per Reuters. Key takeaways “Central banks should look through tariff effects on inflation.” “I do not think inflation impact from tariffs will be big, trend … Read more
The Euro slips modestly against the British Pound on Friday, despite a weak UK retail sales print. UK retail sales drop 2.7% in May, the sharpest monthly fall since December 2023. EUR/GBP trades near 0.8530, pulling back slightly from recent two-month highs. The Euro (EUR) edges lower against the British Pound (GBP) on Friday, unable … Read more
Bovespa Index Elliott Wave technical analysis – Day chart Function: Bullish Trend. Mode: Impulsive. Structure: Orange wave 3. Position: Navy blue wave 1. Direction next lower degrees: Orange wave 4. Details: Orange wave 2 appears complete; orange wave 3 is now unfolding. Wave cancel invalidation level: 122486 The Bovespa Index daily chart indicates a bullish trend. … Read more
Japanese Yen weakens further despite stronger domestic inflation prints. USD/JPY trades near 146.00, set for a weekly gain of around 1.20%. Fed’s Monetary Policy Report maintains cautious tone, eyeing gradual easing. BoJ Governor Ueda says more rate hikes likely if economy stays on track for 2% inflation target. The Japanese Yen (JPY) remains under pressure … Read more
AUD/USD slips below 0.6480 as July RBA rate cut bets drag the Australian Dollar lower The US Dollar holds firm as Trump delays Iran bombing decision, but ongoing Middle East tensions sustain safe-haven demand. AUD/USD traders await Fed Daly’s speech and June PMI data, key weekend events that could guide the direction of next week. … Read more
CarMax came out with quarterly earnings of $1.38 per share, beating the Zacks Consensus Estimate of $1.18 per share. This compares to earnings of $0.97 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 16.95%. A quarter ago, it was expected that this used … Read more