Author: FX
Microsoft (MSFT), Earnings, FAANG, Tech, Nasdaq 100 and Dow Talking Points:The Market Perspective: Nasdaq 100 Range from 11,600 to 10,600While tech-giant Microsoft reported a better-than-expected $2.32 EPS, its revenues fell approximately $700 million short of consensus estimatesDespite the mixed basic financial performance, MSFT shares rallied as much as 5.3 percent higher from Tuesday’s official close – bringing the market close to the 200-day SMA at 256 Recommended by John Kicklighter How to Trade FX with Your Stock Trading Strategy The US equity market looks as if it could use some tangible fundamental backing to make a genuine run at an…
The API oil inventory data for the week of January 20, will be released to subscribers at around 4:30 PM ET today. That data is a prelude to the EIA weekly inventory data tomorrow. Recall, that the last two crude oil Read this Term stocks had much higher than expected builds. Last week the build was 8.41M barrels and the prior week was 18.962M barrels (highest since March 3, 2021 week). So what are the expectations for the data tomorrow?Crude stocks are expected to show another build but only about 1M barrelsGasoline stocks are expected to show a build of…
American Lithium, Yield10 Bioscience among major Energy/Material gainers, Amyris leads losers Source link
© Reuters. FILE PHOTO: U.S. Treasury Secretary Janet Yellen reacts during a meeting with Chinese Vice Premier Liu He in Zurich, Switzerland, January, 18, 2023. REUTERS/Denis Balibouse/File Photo WASHINGTON (Reuters) – After U.S. Treasury Secretary Janet Yellen called China a “barrier” to debt reform in Africa this week, Chinese officials in Zambia had a pointed response – get your own house in order. The Chinese Embassy in Zambia said on its website Tuesday “the biggest contribution that the U.S. can make to the debt issues outside the country is to act on responsible monetary policies, cope with its own debt…
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions. Advisory warning: FOREXLIVE™ is not an investment advisor, FOREXLIVE™ provides references and…
US Dollar Talking Point: Recommended by James Stanley Get Your Free USD Forecast It’s been a week now and the US Dollar is still grasping for support at the 101.77 level that had come into play last Monday. That price was tested through on Wednesday and then again yesterday but, as of yet, there’ve been no closed daily candles below indicating some element of support showing from this spot on the chart.On the other side of the argument, however, bulls haven’t exactly taken control of the matter as there’s been a continuation of lower highs on the daily chart. At…
GBP/USD reached its daily low after the release of US S&P Global PMIs. Business activity in the UK reignited recession fears and weakened the GBP. The market expects the Bank of England to hike rates by 50 bps on February 2 – RTRS Poll. GBP/USD surrenders 1.2400 and drops towards the 1.2310 regions amid a mixed mood trading session, as US equities fluctuate between gainers/losers. Nevertheless, the American Dollar (USD) is losing traction and edging lower, capping the GBP/USD’s fall. At the time of writing, the GBP/USD is trading at 1.2320 after hitting a high of 1.2413. GBP/USD fell as…
Introduction to the Double Stochastic RSI Indicator Oscillators which are bound within a fixed range are often effective for identifying potential mean reversals. One example of this indicator is the Stochastic Oscillator, which is very effective for identifying mean reversals based on shorter price swings and pulses. Just like the classic Stochastic Oscillator, the Double Stochastic RSI Indicator is also an effective tool for identifying mean reversals. However, it is geared towards longer trends rather than shorter price swings. What is the Double Stochastic RSI Indicator? The Double Stochastic RSI Indicator is a momentum indicator which is based on the…
MGIC Investment declares $0.10 dividend Source link
USD/JPY back into negative territory after a spike following US data. US PMI S&P Global recovers in January, still below 50. US Dollar weakens during the American session amid risk appetite. The USD/JPY spiked to 131.21, following the release of US economic data but then pulled back toward 130.00 as stocks turned positive on Wall Street. The improvement in risk sentiment weighed on the US dollar. Data released on Tuesday showed the PMI S&P Global Manufacturing rose in January according to preliminary numbers from 46.2 to 46.8, above the 46.1 of market consensus. The Service index climbed from 44.7 to…