Author: FX
© Reuters. Investing.com — The S&P 500 fell Thursday, pressured by a Meta-led slump in tech as concerns about slowing advertising growth offset better-than-expected quarterly results. The fell 0.8%, the fell 1.4%, and the fell 0.4% or 123 points. Meta leads tech lower after downbeat outlook on advertising demand Meta Platforms (NASDAQ:) fell more than 3% after it flagged weaker advertising demand seen in the fourth quarter so far. Concerns about slowing growth overshadowed Q3 results that beat analyst estimates on both the amid cost-cutting measures that boosted margin. The social media giant attributed some of the weakness to the Israel-Hamas…
GBP/USD OUTLOOK:GBP/USD has been trending lower over the past three months or soAfter recent price action, cable appears compressed between trendline resistance and Fibonacci supportThis article presents important technical levels worth watching in the coming days Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter Most Read: US Dollar Forecast – EUR/USD, AUD/USD on Shaky Ground. What Now?The British pound has been losing ground against the U.S. dollar since mid-July, with GBP/USD following a well-defined downtrend line and establishing impeccable higher lows and lower lows along its…
High yield: 4.908%WI level at the time of the auction: 4.91%Tail: -0.2 bps (previous: 0.3bps, six-auction average: -0.2bps)Bid-to-Cover: 2.7x (previous: 2.47x, six-auction average: 2.73x)Dealers (they take the leftovers from the domestic and international investors): 10.98% (previous: 14.6%, six-auction average: 12.0%)Directs (a measure of domestic demand): 18.4% (previous: 19.9%, six-auction average: 17.6%)Indirects (a measure of international demand): 70.62% (previous: 65.5%, six-auction average: 70.4%)AUCTION GRADE: Compared to yesterday, an A. The market was nervous going into the auction especially given the weak demand yesterday. However, both domestic and international demand was stronger than the 6-month average (by a little). The bid to…
Share: NZD/USD rebounds from 0.5773 to 0.5807, despite lack of significant economic data from New Zealand. US GDP growth at 4.9% and soaring durable goods orders may lead to another Fed rate hike. Geopolitical tensions and upcoming economic releases are crucial in the pair’s dynamics. NZD/USD bounces off new year-to-date (YTD) lows reached at 0.5773 after US economic growth exceeded estimates, which could warrant additional tightening by the US Federal Reserve (Fed). Nevertheless, the pair made a U-turn and trades at 0.5807, gaining a decent 0.10%. US economic growth and Durable Goods Orders could prompt further Fed tightening.…
Japanese Yen (USD/JPY) AnalysisUSD/JPY goads Japanese officials after latest move above 150Japanese government bond yields rise, prompting more buying from the BoJUS PCE data tomorrow and the Bank of Japan meeting concludes on TuesdayThe analysis in this article makes use of chart patterns and key support and resistance levels. For more information visit our comprehensive education library Recommended by Richard Snow Get Your Free JPY Forecast USD/JPY Goads Japanese Officials after Latest Move Above 150USD/JPY price action has been frustrating to watch as it essentially flatlined before the latest move into what many consider to be the threshold for FX…
US GDP Q3 ’23 (PRELIM) KEY POINTS:READ MORE: S&P500, NAS100 Weighed Down by Tech Earnings and Rising Yields. 4000 Level Up Next?Elevate your trading skills and gain a competitive edge. Get your hands on the US Dollar Q4 outlook today for exclusive insights into key market catalysts that should be on every trader’s radar. Recommended by Zain Vawda Get Your Free USD Forecast Real gross domestic product (GDP) increased at an annual rate of 4.9 percent in the third quarter of 2023, this according to an advanced estimate by the Bureau of Economic Analysis. This is the most since the…
EUR/USD Forecast – Prices, Charts, and AnalysisECB leaves rates unchanged as expected.EUR/USD heading towards 1.0500. Recommended by Nick Cawley How to Trade EUR/USD The ECB left all three of its key interest rates unchanged today and noted that while inflation is expected to ‘stay too high for too long’, inflation dropped markedly in September due to strong base effects. The central bank added that ‘The Governing Council’s past interest rate increases continue to be transmitted forcefully into financing conditions. This is increasingly dampening demand and thereby helps push down inflation.’ ECB President Lagarde’s commentary at the upcoming press conference may…
Standard Chartered PLC GAAP EPS of -$0.013, revenue of $4.52B misses by $40M Source link
Article by IG Chief Market Analyst Chris BeauchampNasdaq 100, Nikkei 225, S&P 500 Analysis and ChartsNasdaq 100 losses resumeLosses accelerated on Wednesday, taking the index to its lowest level since early June. A move towards the lower bound of the channel appears likely, which would see the index head down to 14,250. A breakout to the downside then targets the 200-day SMA.Wednesday’s drop negated the possible bullish view from earlier in the week, and it would take a rally back above 14,500 to indicate that a new attempt to halt the selling is underway.Nasdaq 100 Daily ChartDownload our Q4 Equities…
© Reuters. A compagny logo is seen at a Pfizer office in Puurs, Belgium, December 2, 2022. REUTERS/Johanna Geron/File Photo (Reuters) -Pfizer and German partner BioNTech (NASDAQ:) said on Thursday that their vaccine to prevent flu and COVID-19 generated a strong immune response against strains of the viruses in an early- to mid-stage trial. The companies said they plan to start a late-stage trial in the coming months. “This vaccine has the potential to lessen the impact of two respiratory diseases with a single injection and may simplify immunization practices,” Annaliesa Anderson, Pfizer (NYSE:)’s head of vaccine research and development,…