Author: FX
EUR/CAD trades around the 1.5600 zone following a quiet Friday session post-Europe.Bullish structure holds, though short-term momentum indicators remain mixed.Long-term trend indicators favor upside while near-term resistance levels begin to cap price.The EUR/CAD pair hovered near the 1.5600 zone on Friday after the European session, showing little change on the day but maintaining a steady bullish bias overall. Price action remains confined to the middle of the daily range, reflecting ongoing consolidation. While short-term signals show hesitation, the broader outlook is supported by strong trend-based indicators positioned below current levels.From a technical standpoint, EUR/CAD retains a bullish posture, albeit with…
The major European indices are closing higher for the day and higher for the week. The indices are now up for the third consecutive week.A snapshot of the closing levels shows: German DAX rose 2.62%. For the trading week the index was up 3.8% last week the index rose 4.89%Francis CAC rose 2.33%. For the trading week the index rose 3.11%.UK FTSE 100 rose 1.17%. For the week the index rose 2.15%Spain’s Ibex rose 1.20%. For the week the index rose 0.68%, but closed at its highest level going back to 2008Italy’s FTSE MIB rose 1.92%. For the week the…
European Central Bank (ECB) Vice President Luis de Guindos said in an interview with Germany’s Die Presse that there are no signs of weakening in the European currency so far.Key QuotesCan be optimistic on phase of interest rate cuts continuing.Keeping a close eye on exchange rate developments.There are currently no signs of Euro weakening. Source link
The major US stock indices are extending to new session highs after reports that China is looking to offer to the US a solution for fentanyl as a springboard toward more trade talks.The gains are led by the NASDAQ index which is currently up 323 points or 1.83% at 18034.90. The S&P index is up 91.34 points or 1.63% at 5695.65.Looking at the S&P index on the weekly chart, the price is approaching the 50 week moving average at 5698.59. The high price just reached 5696.60. The moving average will be a key barometer that would need to be broken…
Apple stock gives way as $900 million tariff cost poses a concern.CEO Tim Cook said he could not project tariff effects beyond the June quarter.Nonfarm Payrolls for April arrive above consensus, sending indices higher.The next support level for AAPL stock comes at $196.Apple (AAPL) stock is the worst-performing Magnificent 7 mega-caps coming out of earnings so far. Barring Nvidia (NVDA), which doesn’t post earnings until the end of May, Apple is the only one of the bunch to demonstrate a clear downside move in the first regular trading session post-earnings. Amazon (AMZN) initially sold off post-earnings on Thursday but has…
Stock heatmap by FinViz.com Fri, 02 May 2025 14:46:06 GMTThe stock market is showing a vibrant landscape today, with the technology sector leading a healthy upward trend. However, not all is bullish, as major tech player Apple faces significant declines amidst otherwise positive growth.📈 Technology Sector: A Beacon of GrowthThe technology sector stands out with remarkable gains. Microsoft (MSFT) is up 2.70%, accompanied by Oracle (ORCL) gaining 4.12% and Palantir Technologies (PLTR) surging 5.51%. These movements are driven by positive earnings reports and upbeat forecasts in tech infrastructure.📉 Consumer Electronics: Apple’s DeclineApple (AAPL) is experiencing a substantial drop of 2.98%,…
DuPont de Nemours came out with quarterly earnings of $1.03 per share, beating the Zacks Consensus Estimate of $0.95 per share. This compares to earnings of $0.79 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 8.42%. A quarter ago, it was expected that this specialty chemicals maker would post earnings of $0.98 per share when it actually produced earnings of $1.13, delivering a surprise of 15.31%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. DuPont de Nemours, which belongs to the Zacks…
May 02, 2025 8:49 AM ETApple Inc. (AAPL) Stock, KO Stock, XOM Stock, C StockIBM, EBAY, LVS, PFE, WFC, JBHT, EVRBy: Jason Capul, SA News EditorPM ImagesThis week’s dividend activity included increased payouts from IBM (IBM) and Apple (NASDAQ:AAPL) as well as declarations from companies such as Wells Fargo (WFC) and Coca-Cola (NYSE:KO). Additionally, looking towards next week, industry players such as Citigroup (NYSE:C) and Source link
Are you getting caught up in highly volatile market moves while sentiment keeps shifting on a dime? Here are some adjustments to consider. What is volatility anyway? Volatility refers to the amount by which an asset price fluctuates over a time period. It is measured by taking the standard deviation or the variance of price changes over a specified duration. Whoa, that’s a lot of financial mumbo-jumbo! Simply put, volatility measures how moody the markets are. News releases in a not-so-volatile market environment are like your average weather report. Some might not like it, but you won’t see blood on the…
Donald Trump’s rise to the U.S. presidency was marked by a series of bold and unconventional policy proposals that many pundits deemed radical at the time. Given the length of the campaign and the public nature of his platform, one would think that the market had plenty of time to prepare and price in the potential policy shifts well in advance. However, it turned out that investors were caught off guard by the extent of the upheaval that ensued. Indeed, the first 100 days of Donald Trump’s presidency were characterised by extreme volatility and uncertainty for the global financial markets.…