Author: FX
Share: According to the Federal Reserve Bank of Atlanta’s GDPNow model, the US economy is expected to grow at an annualized rate of 2.5% in the first quarter, up slightly from 2.4% in the previous estimate. “After this morning’s housing starts report from the US Census Bureau, the nowcast of first-quarter real residential investment growth increased from -10.4 percent to -8.1 percent,” the Atlanta Fed explained in its publication. Market reaction This report doesn’t seem to be having a noticeable impact on risk mood. As of writing, the S&P 500 Index was down 0.75% on a daily basis.…
ECGI acquires East West Pharma Group Source link
Many traders are afraid of too much price fluctuations. However, if you would come to think of it, price fluctuations, otherwise known as volatility, is where traders make money. Without it, traders would have no opportunity to make any profit. Volatility is not what traders should avoid. Instead, they should be looking for it. What they should avoid is trading in a very unpredictable market. The forex market is one of the most unpredictable tradeable market. This is because any tradeable forex pair is a push and pull of supply and demand coming from two different currencies. It is not…
EUR/USD News and AnalysisPanetta warns of risks of overtightening and a preference for smaller rate hikesEUR/USD at key decision point as the pair approaches supportEconomic data skewed towards next week with ZEW and IFO sentiment dataThe 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 EUR Forecast Panetta Warns of Overtightening, Favors Smaller Rate HikesECB Governing Council Member Fabio Panetta issued a cautious address, warning of possible overtightening at a time when he sees inflation falling below 3% by…
© Reuters. RingCentral (RNG) plunges on soft guidance, analyst downgrades on lack of catalysts By Senad Karaahmetovic RingCentral (NYSE:) has its shares trade as much as 13% lower in premarket Thursday after the company’s forecast disappointed investors. RingCentral EPS of $0.60 on revenue of $525 million to beat the analyst consensus of $0.59 on sales of $527.43M. Revenue increased 17% year-over-year while software subscription revenue jumped 19% to $501.6M, missing the consensus of $504.5M. For this quarter, RNG sees EPS between $0.69 and $0.70 on revenue of $526M-$530M, which compares to the consensus for earnings of $0.62 per share on…
S&P 500 and Nasdaq 100 – Fundamental Forecasts and AnalysisS&P 500 is eyeing a fresh multi-month high.The Nasdaq 100 has formed a bullish flag. Recommended by Nick Cawley The Fundamentals of Trend Trading US equity markets continue to defy market logic and push back toward levels last seen a few weeks ago. With the Fed’s ‘a bit higher for a bit longer’ rate narrative being priced into the market, equities should, in a traditional sense at least, be testing support levels, not resistance levels. While the trend remains your friend, it may be better from a risk/reward basis for traders…
Share: Bank Indonesia (BI) kept its policy rate unchanged at 5.75% today. USD/IDR is trading in the red and a failure to hold last week low of 15000 would trigger more losses, economists at Société Générale report. 15400 is a crucial resistance “Bank Indonesia kept rates unchanged at 5.75%.” “Lower band of the November/December consolidation at 15400 is a crucial resistance. Failure to cross would mean persistence in down move.” “Break of last week’s low at 15000 is likely to result in a decline towards 14810 and perhaps even towards April 2021 high of 14600.” Source link
The high roughly 10 minutes ago hit 7,387.29, which eclipses that seen in January last year, and marks a new record high for France’s benchmark stock index. This continues to reaffirm that there really needs to be a distinction between European and US equities at the moment as the optimism in the former continues to run high.The record high for the CAC 40 comes after we also saw a record high climb – which is continuing to run now – for UK’s FTSE 100 index. Next in line seems to be Germany’s DAX, which is now about 4.4% below its…
GBP/USD PRICE, CHARTS AND ANALYSIS: Recommended by Zain Vawda Get Your Free GBP Forecast Most Read: Breaking News: CPI Miss Confirms Cooling UK Inflation, GBP on OfferGBP/USD FUNDAMENTAL BACKDROPGBPUSD printed mild gains overnight which continued following the European open this morning on the back of its worst day of losses in 2 weeks. The selling pressure faced by cable came courtesy of softening UK inflation and upbeat US retail sales data which kept the bears firmly in control.UK inflation data released yesterday surprised to the downside which resulted in a decline in rate hike expectations. This followed positive data employment…
Choice Properties Real Estate Investment Trust GAAP EPS of -$0.80, revenue of $314.38M Source link