At the resumption of trading in the futures market, the e-mini S&P contract is up 0.16%. Dell reported after the closing shares are currently up 2.95%. Nvidia which notes their earnings yesterday after close is trading up 0.42% after declining -6.38% today.Apple...
Kickstart the FX trading day for Aug. 30 w/a technical look at the EURUSD, USDJPY & GBPUSD
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,...
What is on the economic calendar for APAC session for August 29
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,...
Forexlive Americas FX news wrap: US second quarter GDP gets an upgrade but USD gains fade
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,...
Dell earnings beat expectations. Price moves away from the 200 day MA.
Dell announced their earnings after the close and beat on the top and bottom lines:EPS $1.89 versus $1.71 expectedRevenues $25.03 billion versus $24.14 billion expectedDell shares closed at $110.74 and are trading higher by $7.10 or 6.41% at $117.85.Dell shares traded...
US equities finish near flat after a ride
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,...
Goldman Sachs: Tactical USD shorts surge but structural flows likely to take time
Goldman Sachs highlights a dramatic shift in market sentiment towards USD shorts as positioning adjusts ahead of anticipated Fed rate cuts. Despite tactical shifts, structural flows and high attractiveness of US assets may limit the USD’s decline.Key...
Bitcoin fails to hold gains above $60,000. Turns negative
Bitcoin has followed the broad market lower today as the early positive momentum in the risk trade comes unwound. Shares of Nvidia are down more than 6% following earnings.Bitcoin dailyLast week, it looked like bitcoin was ready to recoup the July-August decline but...
Nvidia shares fall 5% to a US session low, dragging down the broader market
NVDA dailyShares of Nvidia are dragging down the broader indexes as they fall 5.4% to the lowest in regular trading. NVDA is down $6.65 to $118.95 as the market (and the options market) continues to digest yesterday's earnings report.A host of analysts have boosted...
Best Buy CEO: Consumer “resilient” but “unpredictable” heading into holiday season
BBY dailyShares of Best Buy are having their best day since 2020 after reporting strong earnings. The company raised its fiscal-year guidance and now expects to see full-year adjusted earnings per share in the range of $6.10 to $6.35, up from a prior range of $5.75 to...
SocGen: CAD short covering far from over
USDCAD dailySocGen highlights that the unwinding of CAD shorts is still in progress, noting that substantial CAD short positions accumulated earlier this year have begun to reverse, impacting USD/CAD.Key Points:Unwinding of Yen Shorts: The recent focus has been on the...
Gold climbs to the highs of the day, nears new record
gold 10 minsThere has been a nice turnaround on the intraday gold chart. It fell about $15 follow a round of USD buying on good GDP data but has since recouped all of that and more.Bids emerged just before $2500 and it's now in-line for a record close. The intraday...
ECB’s Nagel: Timely return to price stabilty cannot be taken for granted
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,...
US sells seven-year notes at 3.770% vs 3.761% WI
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,...
Fitch affirms USA credit rating at AA+ with a stable outlook
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,...
September seasonals: The worst month on the calendar for the S&P 500
August was a wild ride. It's typically a quiet, summer month but it was anything but that this year as markets melted down early in the month only to post a full recovery in a remarkable turn.That's left some nice-looking monthly charts and a series of breakouts. The...
European equity close: Strong gains across the board. DAX hits a record high
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,...
Fed’s Barkin: Inflaiton is down but we’re not there yet
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,...
US July pending home sales -5.5% vs +0.4% expected
Prior was +4.8%Index 70.2 vs 74.3 prior (lowest ever)The index shows how far pending home sales have fallen. There was a big jump last month but it's right back into the doldrums now and below the pandemic lows.pending home salesAccording to NAR Chief Economist...
Tech giants thrive amidst market turbulence: A snapshot of today’s stock movements
Stock heatmap by FinViz.com Thu, 29 Aug 2024 13:46:10 GMTOverview of Market Movements and Sector PerformancesToday's stock market presents a dynamic landscape with significant movements across various sectors. Focused analysis of the market heatmap provides an...