Activity in the global financial markets are rather muted today, with major European stock indexes reading water within a narrow range. US futures are also showing little change, reflecting the quietness of US market holiday. In the currency sphere, movements are similarly subdued, with Euro and Swiss Franc ranking as the day’s weaker currencies followed
In this article CBK-DE .BBKA Follow your favorite stocksCREATE FREE ACCOUNT Commerzbank on Thursday reported a 55% hike in net profit for 2023, as high interest rates helped the German banking giant report its best results in 15 years. Net profit for the year beat expectations to come in at 2.2 billion euros ($2.36 billion),
Share: NZD/USD continues to move in a positive direction amid a stable US Dollar. New Zealand Dollar gains ground on the stronger Business NZ PSI. RBNZ Governor Adrian Orr mentioned that the RBNZ has more to do to anchor inflation expectations to the 2.0% target. NZD/USD extends its winning streak that began on Wednesday with
The USDCHF is rebounding today, after falling yesterday on the back of the weaker retail sales. What is key technically is that on the run lower yesterday, the price did move back below the 200-day MA and then the 100 day MA, but held support right at the 50% of the move down from the
In trading last week, we got a slew of major US economic data releases. This week will be much lighter in comparison but let’s take a look at what are the items that could impact trading sentiment in the days ahead. RBA February monetary policy meeting minutes (20/2) China LPR decision (20/2) Canada January CPI
A softer dollar index (DXY) lifted the appeal of gold which was trading with a positive bias in the early trade on Monday. Bullion fell to a two-month low last week after higher-than-expected consumer price data dented hopes of an early rate cut by the US Federal Reserve. Bullion traded mix in the opening trade
New Zealand Dollar bounces broadly in quiet Asian session, partly underpinned by notable improvement economic data which showed that the services sector has swung back into expansion at the start of 2024. Additionally, economists are increasingly expecting that more work is needed by RBNZ to cool the economic to bring down inflation. BNZ Bank said
Shares of Renault climbed on Thursday after the French carmaker said it would propose raising its dividend per share to 1.85 euros ($1.99) for the financial year, up from 0.25 euros previously. Paris-listed shares provisionally closed 6.5% higher. The company on Wednesday reported a full-year group operating margin of 7.9%, which comes in towards the
Share: NASDAQ Stock market Elliott Wave analysis and trading strategies: NASDAQ 100, Apple (AAPL), Tesla (TSLA), Amazon (AMZN), Nvidia (NVDA), Microsoft (MSFT), Meta Platforms (META), Netflix (NFLX), Alphabet (GOOGL). Elliott Wave Analysis Update: Nasdaq 100’s Wave c) of 2 is yet to be finalized. Most stocks mentioned in the video also need to decline to
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
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
Gold prices have fallen by 3 per cent to Rs 61,400 per 10 gm within a fortnight from Rs 63,400 per 10 gm on February 1. This has turned the consumer sentiment positive and jewellers are witnessing good footfalls with demand rising by 20 – 25 per cent over last month. The biggest fall has
In this article SHAK Follow your favorite stocksCREATE FREE ACCOUNT The Chicken Shack sandwich from Shake Shack. Shake Shack Shares of Shake Shack surged 26% on Thursday after the burger chain delivered strong fourth-quarter earnings results. The stock reached a new 52-week high of $98.90 and is up more than 67% in the last 12
Share: Coinbase traded up as much as 13% on Friday following earnings. Q4 2023 gave Coinbase its first profitable quarter in nearly two years. Coinbase earned $1.04 per share on a GAAP basis in Q4. Q1 2024 received an upward revision in expected revenue from management. Coinbase Global (COIN) stock soared as much as 13%
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
AI image Likely Republican Presidential candidate Donald Trump will have to write another big check after he lost a civil fraud case in New York. A judge fined him $364 million and barred him from running any business in the state for three years. During the three-month trial he was accused of inflating asset values
Gold ticked up on Friday but was on course for a second straight weekly fall after hot inflation data cooled prospects of early rate cuts by the Federal Reserve. Spot gold was up 0.2% to $2,007.69 per ounce at 11:00 a.m. ET (1600 GMT), but has lost 1.8% for the week so far. U.S. gold
In this article DKNG Follow your favorite stocksCREATE FREE ACCOUNT In this photo illustration the DraftKings logo seen displayed on a smartphone. Rafael Henrique | Sopa Images | Lightrocket | Getty Images DraftKings on Thursday posted quarterly results that missed Wall Street estimates on the top and bottom line, but it increased its revenue by