Strong trends are Fast Directional, and Tend to go farther than what traders expect. Shares of Meta are exhibiting a strong upward trend, currently working on their 14th consecutive day of gains, marking a record for the stock. While this remarkable streak might suggest overbought conditions, recent trading action indicates a breakout above the upper
Month: February 2025
GBP/USD 10 mins The FX market is having a re-think on the Bank of England rate cut reaction. After falling in the lead-up to the announcement and the immediate aftermath, it found a bottom near 1.2360 and has climbed 80 pips. Some of that is broader US dollar weakness as trade tensions diminish but it’s
Gold prices inched higher on Thursday to hover near an all-time high hit in the last session, as Sino-U.S. tariff war concerns boosted safe-haven demand, while investors awaited the payrolls data for clues about the health of the world’s largest economy. FUNDAMENTALS * Spot gold was up 0.1% at $2,867.79 per ounce, as of 0032
In this article AMZN Follow your favorite stocksCREATE FREE ACCOUNT Amazon CEO Andy Jassy speaks at the Bloomberg Technology Summit in San Francisco on June 8, 2022. David Paul Morris | Bloomberg | Getty Images Amazon is slated to report fourth-quarter earnings Thursday after the market close. Here’s what analysts are expecting: Earnings: $1.49 per
Eurozone annual Retail Sales rose 1.9% in December. Retail Sales in the old continent arrived at -0.2% MoM in December. Eurozone’s Retail Sales rose 1.9% in the year through December after increasing by a revised 1.6% in November, the official data released by Eurostat showed on Thursday. The data aligned with the market expectations. On a monthly
Yen continues to dominate the forex market this week, additionally supported by further decline in US and European benchmark yields overnight. The persistent strength in Yen is being reinforced by hawkish rhetoric from a known hawkish BoJ board member, who reiterated calls for a gradual rate hike toward the 1% neutral level. While this stance
Austan Goolsbee speaking at Jackson Hole on August 23, 2024. David A. Grogan | CNBC Federal Reserve officials take great pains not to comment on fiscal policy, but the looming threat from tariffs is forcing their hand. In recent days, multiple central bank policymakers not only have noted the uncertainty surrounding President Donald Trump’s desire to
Costco technicals Costco shares are trading at a new record high of $1,041.57, with the next target being a topside channel trendline near $1,047. A break above this level could turn the trendline into support, opening the door for further upside potential. Looking back, on January 14, the price bounced off a key trendline, signaling
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
After making a new all-time high of Rs 84,894/10 gram, Gold April futures contracts at MCX opened marginally lower on Thursday at Rs 84,512/10 gram, which is down by 0.07% or Rs 55 while silver March futures contracts were trading at Rs 95,549/kg, down by 0.43% or Rs 416. In this week so far, the
In this article FISV Follow your favorite stocksCREATE FREE ACCOUNT Fiserv CEO Frank J. Bisignano at the New York Stock Exchange on June 7, 2023. Source: NYSE Shares of Fiserv jumped more than 7% on Wednesday to a record after the payments company reported better-than-expected fourth-quarter earnings and issued guidance that also topped estimates. The
The US Dollar continued its slide on Wednesday, retesting multi-day lows against its peers amid a steady unravelling of positions and lingering uncertainty over Trump’s trade policies. Here is what you need to know on Thursday, February 6: The US Dollar Index (DXY) dropped for the third day in a row, extending the breakdown of
Dollar remains on the backfoot in early US session, despite the strong ADP private employment report. The data highlights continued resilience in the labor market, with services-driven job growth and sustained wage pressures. While this should theoretically reinforce the case for Fed to maintain its pause in easing for longer, traders appear reluctant to react
Private sector companies added more jobs than expected in January, furthering the case for a stable labor market that allows the Federal Reserve time as it contemplates its next policy move, ADP reported Wednesday. The payrolls processing firm said companies created a net 183,000 jobs on the month, slightly more than the 176,000 in December,
The AUD/USD is pushing to new highs, with the price now entering a key swing area target between 0.6287 and 0.63016 (see renumbered circles on the chart below). A sustained move above this range could pave the way for a rally toward the January high of 0.63310. On the downside, immediate support is seen at
Alphabet shares were a big drag on stocks earlier today and the Nasdaq remains 0.2% lower but the S&P 500 is now slightly higher ont he day after erasing a 30-point loss. That’s impressive performance given that share of GOOG remain down 7.6%. The market is continuing to digest this round of the trade war
Amid global uncertainty, supporting safe-haven buying, Gold April futures contracts at MCX on Wednesday made a new all-time high of Rs 84,200/10 grams. Around 11 am, the prices were trading at Rs 84,166 per 10 grams, which is up by 0.44% or Rs 369. Meanwhile, silver March futures contracts were trading flat at Rs 95,674/kg,
In this article GOOGL Follow your favorite stocksCREATE FREE ACCOUNT Google CEO Sundar Pichai speaks at Google I/O. At the developer conference, everything revolved around the topic of artificial intelligence (AI). Christoph Dernbach | Picture Alliance | Getty Images Alphabet shares dropped more than 8% on Wednesday after the search giant fell short of Wall
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