Investing in Currencies

RBC Capital Markets strategists suggest that the mega-cap growth trade is currently overvalued, crowded, and could benefit from a pause. Analysts note that the rate of upward earnings-per-share estimate revisions is no longer strongly favoring the top 10 names compared to the broader market, as observed in the first half of 2023. The performance of the top 10 names in the relative to the rest of the stock market has plateaued near levels observed at highs since 2008. These top 10 names also exhibit a median price-to-earnings ratio close to...

Investing.com-- Most Asian currencies kept to a tight range on Tuesday, while the dollar steadied after recent gains as traders hunkered down before key U.S. inflation data and a Federal Reserve meeting due in the coming weeks. The and fell slightly in Asian trade. But the greenback held above 104 against a basket of currencies, as uncertainty over the Fed’s plans to cut interest rates in 2024 drove some flows into the dollar. data is due later in the day, and is expected to show that inflation eased slightly in...