Author: FX
The earnings for next week will heat up with 4 of the 7 Magnificent 7 scheduled to report. Tesla, Meta, and Microsoft will all report: January 29 after the close. Apple will announce on January 30 also after the close. AT&T, Boeing, GM, IBM, Visa, Exxon, and Chevron are also some of the large-cap names on the earnings calendar. Below is a list: Monday, January 27Tuesday, January 28BoeingGMLockheed MartinStarbucksSAPStrykerWednesday, January 29ProgressiveT-MobileADPGeneral DynamicsTeslaMetaMicrosoftIBMLam ResearchServiceNowThursday January 30 UPSMastercardDowNokiaSouthweatCaterpillarComcastAppleIntelVisaFriday, January 31ExxonMobileChevronColgate-PalmolivePhillips 66 Source link
A day after the S&P index closed at a new record level, a new intraday high was made at 6128.18, but momentum could not be sustained in the price closed lower on the day. The NASDAQ, Dow industrial average and Russell 2000 also closed lower. A snapshot of the close shows:Dow industrial average -140.82 points or -0.32% at 44,424.25S&P index -17.47 points -0.29% at 6100 124.NASDAQ index -99.38 points -0.50% at 19,954.30.Russell 2000-6.85 points or -0.30% at 2307.73.For the trading week, the major indices closed higher for the 2nd consecutive week:Dow industrial average rose 2.15%.S&P index rose 1.74%NASDAQ index rose…
The Dow Jones eased somwhat on Friday, testing into 44,300. Despite a quiet end to the week, equities are poised for strong bullish closes. US PMI data came in more mixed than expected, to little effect. The Dow Jones Industrial Average (DJIA) churned into a soft backpedal on Friday, testing down around 200 points on a slow trading day. The Dow Jones is capping off an otherwise firmly bullish week, with the index gaining around 2.3% from Monday’s opening bids. The DJIA has gained ground for the second week in a row, firmly hinting that the bull market is back after…
NZD/USD advances on Friday, holding above the key 0.5700 level. The pair maintains its uptrend, supported by bullish technical indicators. Focus remains on whether momentum can push the pair toward the next resistance level at 0.5750. The NZD/USD pair continued its upward trajectory on Friday, rising by 0.44% to settle at 0.5705 and mantains its footing above its 20-day Simple Moving Average (SMA). This marks a steady continuation of the bullish momentum observed since mid-January, which was initiated by a breakout above the 0.5600 level. While minor pullbacks earlier in the week reflected potential profit-taking, the pair has maintained its position above…
Gold nears all-time high, rises amid volatile US policy statements. Trump’s WEF comments soften on Chinese tariffs and advocate lower rates, affecting the dollar. The US Dollar Index drops 0.62% to 107.44, weakening the Greenback and enhancing gold’s hedge appeal. Gold price extended its weekly gains, poised to challenge the all-time high of $2,790 rather sooner than later. Comments by United States (US) President Donald Trump could be the catalyst that pushes the yellow metal higher, though he surprised traders as he might refrain from imposing duties on Chinese products. The XAU/USD trades at $2,772, up 0.60%. The market mood…
Pair jumps 0.42% to 0.6315 on Friday, buoyed by broad risk appetite. Trump expresses willingness to avoid tariffs on China, offers trade deal hints. Fed rate cut bets and upbeat sentiment pressure the US Dollar. Traders assess the latest US PMI data amid a potential shift in risk dynamics. AUD/USD attracted buyers on Friday after President Trump suggested a trade agreement with China remains within reach, reinforcing a risk-on mood. The pair advances to 0.6315, heading for its first weekly gain in three weeks. Meanwhile, renewed speculation regarding additional Federal Reserve (Fed) rate cuts in 2025 continues to undermine the…
The GBPUSD is the biggest mover today with a run to the upside of above 1% on the day. Better PMI data for manufacturing and services gave the pair a shove to the upside. Technical breaks were a tailwind for the move as well.Technically, the run higher saw the pair move above a swing area and swing area between 1.23515 and 1.2375. After correcting to the high of that area and finding willing buyers, the upside was greenlighted and momentum increased. The subsequent move higher saw the 50% of the move down from the December high at 1.2453 was tested…
The Canadian Dollar made some headway against the Greenback on Friday. Bank of Canada poised to deliver another rate cut next week. Weakness in the US Dollar Index drives CAD higher than the CAD itself. The Canadian Dollar (CAD) gained around one-quarter of one percent against the Greenback on Friday, testing higher but still firmly entrenched in a consolidation pattern that kicked off in mid-December. The US Dollar is softening across the board to wrap up a largely unremarkable trading week, rather than the Loonie finding any intrinsic bidding pressure, implying that bullish momentum is unlikely to be sustained. The…
Mexican Peso gains amid US Dollar weakness and reduced trade fears, ignore mixed Mexican economic activity data. Mid-month inflation falls to 3.69% YoY, nearing Banxico’s 3% target, backing dovish policy. Trump’s moderate comments on Mexico at WEF reduce trade worries; key GDP and trade data anticipated. The Mexican Peso (MXN) surged in early trading during the North American session as mixed economic growth figures emerged in Mexico, though broad US Dollar (USD) weakness kept the Peso bid. At the time of writing, the USD/MXN trades at 20.16, down 1%. The Instituto Nacional de Estadistica Geografia e Informatica (INEGI) revealed that…
(Reinstates dropped words ‘United States’ in paragraph 10) WASHINGTON (Reuters) -U.S. Secretary of State Marco Rubio spoke with China’s Foreign Minister Wang Yi by phone on Friday, China’s foreign ministry said, the first call between the two top diplomats since President Donald Trump’s administration took office on Monday. The call is the first publicly disclosed contact between an official in the second Trump administration and a Chinese counterpart. According to a Chinese foreign ministry readout of the call, the two discussed U.S.-China relations and Taiwan. Wang told Rubio, a known China hawk, “I hope you would conduct yourself well and…