Author: FX
Invesco Dynamic Energy Exploration & Production ETF declares quarterly distribution of $0.3119 Source link
© Reuters. FILE PHOTO: The sign of a CarMax dealership is pictured in Duarte, California March 28, 2014. CarMax, the largest U.S. used car retailer, is expected to report strong fourth-quarter results on April 4. REUTERS/Mario Anzuoni By Kannaki Deka (Reuters) -Used-car retailer CarMax Inc (NYSE:) said on Thursday it was pausing some hiring, halting share buybacks and cutting expenses after reporting an 86% drop in third-quarter profit as the industry struggles to offload inventory amid waning demand. The company’s shares fell as much as 12% to $52.10 and were at more than a two-and-a-half year low, dragging other auto…
GBPUSD falls below 200 day MAThe GBPUSD has traded lower today and to the lowest level since November 30. In the process, the price extended back below the 200 day moving average of 1.20791 (see green step down line on the chart above). On December 1, the price first moved above that moving average level, and although the price made small dips below the level including during yesterday’s trading since then, momentum could not be sustained. Going forward now that the MA has been broken with more momentum, stay below the 200 day moving average keeps the sellers more in…
US Dollar Talking Points:The US Dollar is holding support at a key spot on the chart and there’s a couple of headline items on the calendar for tomorrow that can keep the currency in-focus ahead of the holiday weekend.EUR/USD has been in a quiet range so far this week but GBP/USD is pushing lower after this morning’s disappointing UK GDP report. USD/CAD is putting in a support bounce from a key spot and USD/JPY appears to be trying to start a recovery move after the early-week drubbing.The analysis contained in article relies on price action and chart formations. To learn…
GBP/USD Forecast: Pound Sterling holds above key support despite weak UK data GBP/USD has managed to stage a rebound early Thursday before going into a consolidation phase slightly above 1.2100. The pair’s technical outlook shows that buyers remain uninterested and the US Dollar’s market valuation is likely to drive the action in the second half of the day. Read more… GBP/USD surrenders modest intraday gains, seems vulnerable near multi-week low The GBP/USD pair attracts fresh selling in the vicinity of mid-1.2100s on Thursday and retreats to the lower end of its daily range during the mid-European session. The pair is…
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© Reuters. David Tepper urges market to trust the Fed, says he is ‘leaning short’ on stocks By Senad Karaahmetovic David Tepper, the founder and president of hedge fund Appaloosa Management, is bearish on the U.S. stock market amid the ongoing central bank tightening. In an interview with CNBC, the legendary billionaire said he is “leaning short on the equity markets.” He also said he’ll sell bonds. “The upside/downside just doesn’t make sense to me when I have so many … central banks telling me what they are going to do,” Tepper said. He added that he has a small…
We only have a week or so before we welcome a brand spankin’ new trading year! The holiday break is a good time to sit back and reflect on the year that was. Have you started on your trading resolutions for 2023? If not, here are simple questions to think about. Remember, it’s important to be completely honest with yourself when assessing your performance! First, ask yourself questions such as: What are my trading strengths? What are my trading weaknesses? Was I able to stick to my trading plan? Have I achieved my trading goals for the past year? You…
WTI CRUDE OIL (CLc1) TALKING POINTSChina’s push for economic growth sees rally in crude oil prices.Weaker dollar assisting WTI bulls but for how long?Falling wedge breakout bringing into consideration the $80 resistance zone. Recommended by Warren Venketas Get Your Free Oil Forecast WTI CRUDE OIL FUNDAMENTAL BACKDROPWTI crude oil found some much needed support this Thursday after yesterday’s positive reaction to the significant decline in crude oil stocks as released by the EIA weekly report. The move higher today was prompted by China restating their focus to inspire economic growth in 2023 thus helping the demand-side influence for crude oil…
KEY POINTS: Recommended by Zain Vawda Get Your Free Gold Forecast MOST READ: USD Breaking News: Consumer Confidence Beats Estimates for December, DXY Edges LowerGold (XAU/USD) FUNDAMENTAL BACKDROPGold has bounced this morning following yesterday’s decline from one-week highs. The precious metal remains within the wedge pattern formation which served as resistance while the US dollar index continued its decline.The dollar index has continued its seasonal trend of losses in December as the greenback eyes a recovery in the new year. The greenback has been strong in January recording gains in each of the last 4 years. On Wednesday we saw…