Author: FX

Kameleon007/iStock via Getty Images Elevance Health (NYSE:ELV) stock on Wednesday rose as much 3.6% to $485.20, after the insurer raised its full year adjusted earnings per share guidance. The bump to the forecast came in an earnings report that saw ELV making $8.99 per share on an adjusted basis for Q3, on revenue of $42.5B. Analysts had expected the managed care player to earn $8.46 per share on sales of $42.72B. Based on its quarterly and YTD performance, ELV now sees full year 2023 adjusted earnings per share to be greater than $33, compared to a prior outlook of greater…

© Reuters. Investing.com — U.S. stocks were falling on Wednesday as corporate earnings reports continued to pour in, with investors awaiting Tesla (NASDAQ:) and Netflix (NASDAQ:) reports after the closing bell. Here are some of the biggest U.S. stock movers today: Morgan Stanley (NYSE:) stock fell 7.3% after the banking giant reported a 9% drop in profit from a year ago, while revenue grew 2% to $13.27 billion, essentially matching expectations. United Airlines (NASDAQ:) stock fell 7.2% after the carrier disappointed with its guidance, forecasting weaker fourth-quarter earnings due to higher costs. Procter & Gamble (NYSE:) stock rose 2.1% after…

NASDAQ index tests a key cluster of supportThe NASDAQ index is the worst performer of the major indices with a decline of now over 1%. The move to the downside has now taken the price to a key support area. That support area is defined by the:100 hour moving average at 13379.32 (see blue line on the chart above), andA key swing area between 13364.74 and 13382.98 (see red numbered circles and yellow area on the chart above)This area will be a key barometer for traders in the short-term. Hold support (dip buyers enter here) and a rotation back toward…

Share: Economists at Danske Bank stress that labour markets have proven to be surprisingly resilient to the Fed’s tightening mode. US labour markets defy slowdown expectations We still think that the Fed is likely to maintain rates at current restrictive levels instead of hiking rates further, especially considering the recent tightening in financial conditions. But all else equal, while we have called for the first Fed rate cuts already in Q1 2024, the most recent labour market data unequivocally increases the risk of rates staying high for longer than we have anticipated.   Source link

Is forex trading one of the skills you promised to learn and master this year? I’ve rounded up a simple guide to help you get started and stay on track! Many who are interested in trading currencies usually get flooded with trading signals and even offers of mentoring and brokering services even before they know what a “pip” is. Trading (especially with real money) without sufficient knowledge is like jumping into a deep pool without a warm-up and any knowledge of swimming and expecting to finish a lap. Some end up drowning while many realize their mistakes early and head…

EUR/USD Forecast – Prices, Charts, and AnalysisMiddle East tensions rise, President Biden visits Israel, Fed speakers on tap.EUR/USD is starting to look trapped in a range. Recommended by Nick Cawley Get Your Free EUR Forecast The final Euro Area y/y core inflation reading (September) printed met initial expectations of 4.5%, down from 5.3% in August, while headline inflation fell to 4.3% against a prior month’s print of 5.2%. The Euro barely moved after the release with markets instead looking at other macro-economic drivers.While there is a lack of high-value economic data releases over the rest of the trading session, there…

JHVEPhoto Wyndham Hotels & Resorts (NYSE:WH) confirmed that the company’s board rejected a $9.8B takeover offer from Choice Hotels International (NYSE:CHH). The Wyndham board of directors determined that the proposed transaction involves significant business and execution risks, including an extended regulatory timeline and uncertainty of outcome, potential franchisee churn, and excessive leverage levels at the pro forma combined company. In addition, the board said that the consideration mix includes a significant component of Choice (CHH) stock, which the board believes is fully valued relative to Choice’s (CHH) growth prospects, especially when compared to Wyndham Hotels & Resorts (WH). The offer…

© Reuters. FILE PHOTO: The logo of social media platform X, formerly Twitter, is seen alongside the former logo in this illustration taken, July 24, 2023. REUTERS/Dado Ruvic/Illustration/File Photo (Reuters) – Social media platform X, formerly known as Twitter, said on Tuesday it will test a new subscription model under which it will charge $1 annual fee for basic features. The new subscription termed as “Not A Bot” will charge users for likes, reposts or quoting other accounts’ posts, and bookmarking posts on the web version of the platform. The purpose of introducing the new subscription model is to combat…

Asian equities followed US stocks lower after strong retail data. Treasury yields continued to shoot higher, reaching new cycle peaks. Data revived fear of an even higher Fed rate stance for an even longer period of time. Implied Fed funds futures climbed and priced in a 53% chance for a hike by the end of January. However, the market still shows only a small, less than 20% chance, for a move on November 1 since many policymakers have advocated a wait-and-see stance for now. China’s economy grew 4.9% in the third quarter. A largely positive…

GBP/AUD is not getting traction despite higher-than-expected CPI data from the U.K.! Will this lead to GBP/AUD starting a downswing in the next trading sessions? We know from earlier today that the U.K.’s consumer inflation remained high, with annual headline CPI remaining at 6.7% (vs. 6.6% expected) while the core figure only dipped from 6.2% to 6.1% when analysts saw it slipping all the way to 6.0%. A sticky high inflation supported hawkish calls for the Bank of England (BOE) and the British pound traded higher against its major counteparts. GBP/AUD 1-hour Forex Chart by TradingView Despite GBP’s strength, GBP/AUD…