Author: FX
Share: Euro tumbles from familiar technical levels after ECB offers dovish tone. Europe sees thin economic data until GDP update next Tuesday. Broader markets to focus on Friday’s US PCE Price Index to wrap up the trading week. The Euro (EUR) fell on Thursday after the European Central Bank (ECB) struck a dovish tone during its latest monetary policy statement, which sent the Euro down against the majority of its major currency peers. Money markets added into bets of a 50 basis point rate cut from the ECB by June despite firm language from ECB President Christine Lagarde…
GOLD PRICE OUTLOOKGold prices haven’t gone anywhere in recent days, though they are down more than 2% this yearU.S. Core PCE data on Friday will likely guide the precious metal’s near-term outlookThis article looks at XAU/USD’s key technical levels worth watching over the coming daysMost Read: US Dollar Mixed as GDP Data Smash Forecasts, Gloomy ECB Stands PatGold prices (XAU/USD) inched higher on Thursday, supported by falling yields, which ticked down across the curve despite stronger-than-expected U.S. gross domestic product data.Considering recent moves, bullion has lost more than 2% this year, but it has lacked directional conviction over the past…
Mario Tama BuzzFeed (NASDAQ:BZFD) is looking to sell its food websites Tasty and First We Feast, according to a WSJ report on Thursday, which cited people familiar with the matter. BuzzFeed fell 2.5%, The WSJ also reported that Fortress Investments, which took Vice Media over in bankruptcy last year, is in talks to sell its Refiner29 women’s lifestyle site. Fortress is in discussions with potential buyers for Refinery29, whose revenue fell to $30 million last year from $20 million in 2022. Vice Media bought Refinery29 for $400 million in 2019. Vice and Buzzfeed (BZFD) declined to comment to the WSJ.…
IBM shares jump on strong results, accelerating AI adoption (Updated – January 25, 2024 10:12 AM EST) Shares of IBM (NYSE:) jumped over 11% Thursday after the enterprise software maker reported better-than-expected earnings per share (EPS) and revenue for Q4. The company posted a fourth-quarter EPS of $3.87, beating the consensus projection of $3.77. Revenue came in at $17.38 billion, while analysts were looking for $17.23 billion. Of that, $7.51 billion was software revenue, up 3.1% year-over-year, though below the Wall Street expectations of $7.69 billion. Consulting segment revenue stood at $5.05 billion, up 5.8% from a year earlier, and…
US Dollar (USD) Analysis and ChartsThe US economy grew by 3.3% in the last three months of 2024That was hugely better than the 2% gain expectedDoes this economy need dramatic interest-rate cuts?Download our Q1 US Dollar Technical and Fundamental Forecast Recommended by David Cottle Get Your Free USD Forecast The United States Dollar was remarkably steady through a fascinating session of economic data on Thursday, suggesting perhaps that all the market cares about at this point is what the Federal Reserve will make of it all.At any rate, the US economy ended the old year in robust form. At this…
EUR/USD Forecast – Prices, Charts, and Analysis The ECB leaves all policy levers untouched.EUR/USD is currently stuck in a 30-odd tick range. Recommended by Nick Cawley Get Your Free EUR Forecast Most Read: Euro Q1 Technical Forecast: A Mixed PictureThe European Central Bank left all policy settings untouched earlier, as widely forecast. The prepared statement with the announcement gave little away with ECB President Lagarde saying that‘the key ECB interest rates are at levels that, maintained for a sufficiently long duration, will make a substantial contribution to this goal. The Governing Council’s future decisions will ensure that its policy rates…
Prior month -0.4% revised from -0.2%Wholesale inventories advanced for December +0.4%Retail inventories ex auto 0.6% versus -0.6% last month (revised from -0.8% This article was written by Greg Michalowski at www.forexlive.com. Source link
Share: EUR/GBP edges higher toward the resistance zone around the nine-day EMA. A break above the 23.6% Fibonacci retracement level at 0.8579 could lead the pair to reach a weekly high at 0.8584. A break below the major support at 0.8550 could push the pair to retest January’s low at 0.8536. EUR/GBP moves in an upward direction, inching higher to near 0.8560 during the European session ahead of the European Central Bank’s (ECB) interest rate decision. The area around the nine-day Exponential Moving Average (EMA) at 0.8570 aligned with the 23.6% Fibonacci retracement level at 0.8579 could act…
Revive Therapeutics announces offering of up to $3 million Source link
Canadian Dollar (USD/CAD) AnalysisBoC adjusts wording to suggest a plateau in interest rates but highlights remaining core price pressures.USD/CAD bullish pennant appears to favour upside continuation ahead of high impact US dataIG client sentiment favours trend continuation after traders pile into daily and weekly shortsThe analysis in this article makes use of chart patterns and key support and resistance levels. For more information visit our comprehensive education libraryBank of Canada Signals Peak Rates but Underlying Price Pressure RemainsYesterday the Bank of Canada (BoC) kept rates unchanged in line with broad expectations. However, the bank did signal that interest rates have…