The pound bounces up on Friday to retest the 1.5800 support area. Lower oil prices and a dovish BoC have hit the CAD. GBP/CAD: Above 1.5800, the pair eyes 1.6000 area. The British pound has performed a surprising comeback against the Canadian dollar on Friday, bouncing up from the 1.5655 area to reverse Thursday’s decline and
Month: October 2022
Binance Coin (BNB) has hit new all-time highs against Bitcoin (BTC) as excitement grows over the crypto’s future role on Twitter. BNB/BTC 1-month candle chart (Binance). Source: TradingView Binance Coin sets new record against BTC Data from Cointelegraph Markets Pro and TradingView confirms that BNB/BTC briefly spiked above 0.15 BTC to a record 0.15267 BTC
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Dow industrial average test its 200 day moving average The Dow industrial average is leading the way today with a 540 point rise or 1.7%. The current prices trading at 32573.46. The high price reached 32661.74. Looking at the daily chart, the high price was able to extend above its 200 day moving average at
The price of WTI crude oil futures are settling at $87.90. That’s down -$1.18 or -1.52%. The high price reached $88.74. The low price extended to $87.10. Looking at the hourly chart, the price high this week reached up to a swing area going back to early October between $89.72 and $90.37. The high price
In this article MO PM CRON-CA Follow your favorite stocksCREATE FREE ACCOUNT Altria Group signage is displayed on a monitor on the floor of the New York Stock Exchange. Michael Nagle | Bloomberg | Getty Images Cigarette maker Altria Group on Thursday reported third-quarter earnings that missed Wall Street estimates as its revenue fell. Here’s
New Delhi: Gold prices were trading flat on Friday, headed for a straight second weekly gain as the US economic data fanned expectations that the Fed might ease the pace of raising interest rates. The US economy rebounded strongly in the third quarter amid a shrinking trade deficit, but the data overstated the nation’s economic
GBP/JPY registered solid gains during the week of 2.72%. The Bank of Japan interventions gave GBP/JPY buyers a better entry price around the weekly lows of 165.43. The GBP/JPY remains upward biased, about to test the February 2016 high at 175.01. The GBP/JPY rallies to fresh six-year highs above the 170.00 threshold as the Japanese
The median stock price prediction for Apple Inc. is set at $180, provided from 37 analysts who have provided price estimates for the next 12 months The highest Apple stock prediction is $200 and the lowest prediction is $122 Apple stock forecast from ForexLive.com, based on the following technical analysis video, is set at a
The major US indices are closing near the high for the day and ending a solid week with the Dow industrial average leading the way. The Dow is on track for the best October, and on pace for the best month since January 1976 (with one more day to go). The NASDAQ was the outperforming
In this article SHOP-CA Follow your favorite stocksCREATE FREE ACCOUNT Shares of Shopify jumped 17% after the e-commerce company reported a narrower-than-expected loss for the third quarter and revenue that beat Wall Street’s estimates. Loss per share: loss of 2 cents, adjusted, vs. loss of 7 cents expected by analysts according to Refinitiv. Revenue: $1.37
OPEC issues World Oil Outlook on Monday in Abu Dhabi Report to keep similar long-term demand outlook – sources Ex-OPEC minister says demand could plateau earlier than forecast OPEC’s view that world oil demand will keep rising for longer than many other forecasters predict is not expected to change much in its forthcoming major report,
Dollar ended as the worst performer, followed by Yen and Swiss Franc. The US stock markets traded with risk-on sentiment, on talks that Fed would start slowing down tightening pace after one more 75bps hike. But it should be noted that such sentiment was not seen everywhere in the world, in particular China. Thus, rally
The US Dollar got bolstered by US core PCE but weakened towards the close of Wall Street. GDP in France and Spain weakened, while inflation in Germany continued its uptrend, above 10%. EURUSD is neutral-to-downward biased, though slightly tilted to the upside, facing strong resistance at the 100-DMA. The EURUSD finished Friday’s session almost flat
Bitcoin (BTC) asleep for up to a decade is waking up this week as BTC price action sees six-week highs. Data from on-chain analytics firm Glassnode shows some of the oldest “dormant” Bitcoin returning to circulation. BTC trends out of hibernation As BTC/USD stages something of a comeback in the second half of October, hodlers
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