Author: FX
Australian Dollar, AUD/USD, S&P 500, Early US Earnings, Sentiment – Asia Pacific Market Open Recommended by Daniel Dubrovsky How to Trade AUD/USD Asia-Pacific Market Briefing – Nike, FedEx Earnings, Consumer ConfidenceThe sentiment-linked Australian Dollar outperformed its major counterparts on Wednesday, benefiting from the cautious improvement in risk appetite. On Wall Street, the S&P 500, Dow Jones and Nasdaq 100 gained 1.49%, 1.6% and 1.54%, respectively. Meanwhile, the VIX market ‘fear gauge’ plunged to its lowest since late November. This is in line with fading volatility that tends to occur into the Christmas holiday.There were a couple of fundamental factors in…
Bolstered well-received quarterly updates from a couple of high-profile companies, stocks ended solidly in the green on Wednesday, with the S&P 500 rising 1.5%. The advance followed factional gains the day before, as Wall Street looks to regain its footing after the recent Federal Reserve-inspired decline. Earnings from Nike (NYSE:NKE) helped drive the rally. The stock posted a double-digit percentage gain following the release of Street-beating results. Caterpillar (CAT) was another big name that participated in Wednesday’s upswing. Shares built on the upward momentum it has experienced over the past two months, allowing the stock to set a new 52-week…
Akanda CEO Virk goes on paid leave Source link
Indices Talking Points:All of the S&P 500, Nasdaq 100 and Dow Jones ran into key supports to start this week and after indecision yesterday, a strong bounce developed today.While we’re late in the month of December and it’s been a hard road thus far, there does remain the possibility of a Santa Rally, particularly considering the prospect of window-dressing going into the end of 2022. The S&P 500 current all-time-high was set in the first week of 2022 trade, might a related dynamic be in play for 2023?The analysis contained in article relies on price action and chart formations. To…
The price of WTI crude oil futures for February delivery is closing up $2.06 or 2.68% at $78.29.The high price reached $78.46. The low price was at $75.82. Helping to push the price higher was the weekly oil inventory data which showed a drawdown of crude stocks of -5.894M barrels which was much higher than the -1.657M estimate. Gasoline stocks did rise however by 2.53M which was higher than the 2.140M estimate.There is a cold front sweeping across the US as well which has prices moving higher as well. Crude oil moved higher today help by inventory dataThe move to…
Looking for potential risk-off plays on the longer-term time frames? We’ve got you covered with these setups on GBP/CHF and META! Better keep close tabs on these potential inflection points: GBP/CHF: Daily Forex Chart Heads up for a potential turn back to the longer-term trend on GBP/CHF! After bouncing hard back in September from the 1.02 handle, GBP/CHF has been steadily consolidating through October and November around 1.13. On the daily chart above, we can see that this area aligns with several technical signals that could be drawing in tactical sellers, including falling 100 and 200 simple moving averages, as…
Data released on Wednesday in Canada showed the annual inflation rate dropped from 6.9% to 6.8%. Analysts at CIBC, point out that inflation is easing but is a slower progress than what probably the Bank of Canada was hoping for. Key Quotes: “The 6.8% headlinethanual rate was only a tick lower than the prior month and slightly above the consensus expectation (6.7%). Of greater concern to policymakers, however, is that the easing in core measures of inflation (including CPI-trim, median and ex food/energy) appears to have stalled at levels still above those that would be consistent with a 2% inflation target.…
Gold Talking Points:Gold prices are fast approaching last week’s high and if bulls can force a break, we will be looking at fresh five-month-highs for Gold prices.There is some considerable resistance sitting overhead, however, and with USD already in a weakened state the question remains for how long might that breakout be able to run should those levels come into play.The analysis contained in article relies on price action and chart formations. To learn more about price action or chart patterns, check out our DailyFX Education section. Recommended by James Stanley Get Your Free Gold Forecast The year started with…
Virtus WMC International Dividend ETF declares quarterly distribution of $0.1577 Source link
© Reuters. Workday (WDAY) announces ‘surprising’ management changes By Sam Boughedda Workday (NASDAQ:) announced after the close on Tuesday that it has appointed Carl Eschenbach as co-CEO, effective immediately. The company said in a statement that Eschenbach would remain on the Workday Board of Directors, which he has been a member of since 2018, and will serve as co-CEO alongside Aneel Bhusri, Workday’s co-CEO, co-founder, and chair, through January 2024, Workday’s fiscal year-end. In addition, Chano Fernandez has stepped down as co-CEO and as a member of the company’s board, effective immediately. Following the announcement, Citi analysts said: “As part of…