PLTR loses 6.5% for the week

Share: Palantir stock has turned negative on the technical chart. The 9-day SMA has crossed below its 21-day counterpart. Lower inflation seen in the Core PCE print for September makes another Fed rate hike less likely. An AI study called Palantir a top performer among vendors.   Palantir (PLTR) stock closed at $15.07 on

Jim Jordan loses secret ballot to remain House speaker nominee

Yesterday, it seemed like there was a way forward where McHenry would be empowered as speaker until January and Jordan would have until then to lock down enough votes. But it appears that’s not the plan anymore. There’s some talk of Trump for a short time but it’s getting tough to find a candidate that

GBP/USD loses the 1.22 handle to close out Friday trading

Share: The GBP/USD initially rose on Friday, but got knocked lower as the market broadly swept back into the US Dollar. The US Dollar index caught a late bid to push back into the middle to close out the trading week. Recession risk is still quite high in the UK, capping Pound Sterling

Dollar loses a bit of ground to start the session

And that is weighing on the dollar slightly, but nothing too significant. Of note, it is the euro and pound which are advancing just a touch more against the dollar after having previously stuck in narrow ranges in Asia. EUR/USD was holding in a 13 pips range earlier but is now extending that to roughly

USD/CHF loses the 20-day SMA after weak labour market figures from the US

Share: USD/CHF declined for a third consecutive day to 0.87800, below the 20-day SMA of 0.8800. US JOLTs from July came in lower than expected, which fueled a decrease in US bond yields. Hawkish bets on the Fed for November remain high—markets pricing in rate cuts In June 2024. On Tuesday, the USD faced

Crude Oil Price Loses Grip Despite Optimism Taking Hold. Where to for WTI?

Crude Oil, WTI, Brent, Fed, Powell, Jackson Hole, US PMI, EIA – Talking Points The crude oil price is treading water as markets await Fed views Weak US PMI data appeared to overwhelm EIA inventory figures Markets are poised for clues from the Fed. Will WTI break support? Recommended by Daniel McCarthy Traits of Successful

NZD/USD loses ground following Chinese and American economic activity data

Share: NZD/USD trades with losses below 0.6000, its lowest in nine months. China reported weak Retail Sales and  Industrial Production data from July. American Retail Sales from the US were higher than expected. In Tuesday’s session, the NZD/USD traded lower, mainly driven by China’s fragile economic situation. On the other hand, the USD, despite