Fundamental:
In the yesterday’s trading session, the Euro currency traded lower as US government bond yields resumed their advances pushing the US Dollar Index higher. Not only this, the Markit published the February final Services PMIs for the Euro Area, which showed that output in the sector...
At the end of yesterday's session, the price of Gold fell quite sharply as analyzed by the decline from 1804 to 1764 ($ 40) to close the daily candle with a strong drop around the 1770 threshold. The daily chart is quite strong but the close has yet to break the strong support zone at...
The pair plunged to a fresh year low of 0.8640. If the price won't break below 0.8600 we may see a pullback to 0.8690 then 0.8720. On the other side break below 0.8630, the next level to watch 0.8600/0.8580.
The San Francisco-based cloud communications platform Twilio (NYSE: TWLO) shares jumped more than 10% in the pre-market trading on Thursday and climbed to a fresh all-time high of $457.30. The recent rally boosted by the better-than-expected fourth-quarter revenue and earnings results...
On Wednesday, the U.S. Commerce Department released the latest retail sales data. The data showed the retail sales for January increased stronger than anticipated, with a sharp gain of 5.9% against expectations of 1.1%.
EQUITIES
Wall Street ended higher on Wednesday boosted by...
UK and European shares slip lower on Wednesday after mixed corporate earnings results and amid growing concerns over rising bond yields in the US.
EQUITIES
Wall Street expected to open lower on Wednesday as the investors awaiting approval of the USD 1.9 trillion economic support package...
The UK has given the first dose of coronavirus vaccine to almost a quarter of the population, the Britain Government data showed the total receiving first vaccines doses was 15 million. Britain has reported over 117,000 virus-related deaths, the highest pandemic toll in Europe. Meanwhile, UK...
The GBPUSD enjoying the upside rally. The price crossed 1.3900 resistance level on Monday European session.
The next upside levels to watch 1.3920/40 and 1.3990. On the flip side, the first immediate support can be found in 1.3860/30 and then 1.3770.
The markets in the U.S. will be closed on Monday in observance of the President's Day holiday. Foreign financial markets are open Monday and currency markets are expected to remain open for trading.
EQUITIES
Global stocks started the new week on a positive note supported by a strong Q4...
Ride-hailing giants Lyft and Uber reported fourth-quarter financial results this week. Even though 2020 was a brutal year for both the companies, the Uber (NYSE: UBER) and Lyft (NASDAQ: LYFT) shares have rallied more than 80% over the last six months.
Lyft reported better-than-expected Q4...
Walt Disney (NYSE: DIS) shares rose about 3% in after-market trading and reached a new all-time high of $193.89 after the company surprised Wall Street with the last quarter financial results. Disney+ subscribers totalled 94.9 million at the end of the quarter, more than double the subscriber...
Asian markets trading unchanged due to the China New Year holidays. Chinese shares closed for a week-long holiday from Thursday with trade resuming on Feb. 18. While Hong Kong markets are set to reopen on Tuesday next week.
EQUITIES
On Wednesday, the Wall Street slightly retreated from the...
Dow Jones ended record high on Tuesday on hopes that US lawmakers will pass a $1.9 trillion COVID-19 relief aid this month and strong Q4 earnings results. The recent rally also supported by bullish comments from the Janet Yellen, the US treasury secretary, she said the US economy could return to...
China's consumer price index (CPI) declined 0.3% year on year in January, compared with a 0.2% increase in December last year. While on a monthly basis the inflation edged up 1%. On the other hand, the consumer price index rose 1.0% year-on-year after a 0.3% fall in December. Moving ahead to the...
“I think bitcoin is really on the verge of getting broad acceptance by sort of the conventional finance people.” Tesla CEO, Elon Musk.
Bitcoin (BTC) jumped more than 20% in last 24 hours and hits a new record high above $47600 on Tuesday after the Electric car maker Tesla revealed that it has...
The U.S. has been administering vaccine shots at a faster daily rate than any country in the world. The mass vaccination helps the new coronavirus case counts are steadily dropping across the United States. On Friday, the WHO said that the number of people in the world who have been vaccinated...
The US dollar outperformed all major currencies this week and climbed to a fresh year high ahead of NFP report, due later during the early North American session. The consensus is for an increase of 50k non-farm payroll jobs, and for the unemployment rate is expected to remain unchanged at 6.7%...
Today, all eyes will be on the BOE interest rate decision, alongside the release of the Monetary Policy Committee meeting minutes and the quarterly Monetary Policy Report. The market participants expect the central bank to keep its interest rate unchanged near zero. Meanwhile, on January, the...
American biopharmaceutical giants Pfizer (NYSE: PFE) and Amgen (NASDAQ: AMGN) reported mixed fourth-quarter financial results on Tuesday. Amgen Q4 earnings and revenue exceeded Wall Street estimates while Pfizer earnings miss alongside better-than-expected revenue.
Among major Pharma companies...
At its meeting today, the Reserve Bank of Australia (RBA) decided to keep the official cash rate unchanged at 0.10% and has expanded its quantitative easing program by purchasing an additional $100 billion of bonds. "The board will not increase the cash rate until actual inflation is sustainably...
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