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,...
SNB head Jordan said Swiss inflation gained in January, but stayed within target range
Swiss National Bank Chairman Thomas Jordan spoke to the Club der Zuercher Wirtschaftsjournalisten (Business Journalists club) on Tuesday. He also spoke on Monday with broadcaster SRFSome of his remarks ICYMI: “Our expectation is that inflation went up, because of the...
Asian Economic Calendar: Key Events and Consensus Expectations for 31 January 2024
It's a packed agenda.It kicks off with the Bank of Japan Summary of Opinions report from the most recent meeting, back on the 22nd and 23rd of January:The Bank of Japan (BOJ) releases a "Summary of Opinions" after each monetary policy meeting. It serves as a record of...
Trade ideas thread – Wednesday, 31 January, insightful charts, technical analysis, ideas
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,...
Microsoft and Alphabet earnings/revenues beat expectations. Starbucks, AMD, Stryker too.
Microsoft Corp (MSFT) - Q4 2023EPS: $2.93 (BEAT expectation of $2.78). Last year $2.32Total Revenue: $62.02 billion (BEAT expectation of $61.1 billion). Last year $52.7BCloud Revenue: $33.7 billion (BEAT expectation of $32.31 billion). Last year $27.1BIntelligent...
US equity index futures dragged lower by falling stock prices for Alphabet & MSFT
Earnings announcements from Google and Microsfot. Alphabet (AKA Google) Q4 2023 (USD): EPS 1.64 (exp. 1.59), Revenue 86.31bln (exp. 85.33bln) Microsoft Q4 2023 (USD): EPS 2.93 (exp. 2.78), Revenue 62.02bln (exp. 61.1bln)Cloud revenue 33.7bln (exp. 32.31bln)Both of the...
Mixed close for the major indices
The major US indices are closing mixed with the Dow Industrial Average higher. The S&P index is near unchanged and the NASDAQ index is lower.The final numbers are showing:Dow Industrial Average rose 133.84 points or 0.35% at 38467S&P index fell -3.01 points or...
Forexlive Americas FX news wrap: JOLTS and consumer confidence improve
Markets:Gold up $4 to $2035US 10-year yields down 3.2 bps to 4.05%WTI crude oil up $1.10 to $77.89S&P 500 down 2 points to 4926EUR leads, AUD lags but daily FX moves smallIt wasn't as dull in the FX market today as it looks from the net changes on the day. The US...
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US equities are cautious ahead of earnings from Microsoft and Alphabet
Earnings are a big risk for equities after the close with MSFT (-0.33% today) and GOOG (-0.9%) both reporting after the bell today.The pair have been on a stellar run, including big gains so far this year. That's stretched multiples and raised the stakes ahead of...
ECB’s Lagarde: ‘We are not there yet’ on rate cuts, need more data
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,...
Crude oil settles at $77.82
The price of WTI crude oil futures is settling up $1.04 or 1.35% at $77.82. The high for the day reached $78.11. The low extended to $75.88.Lower growth in Europe pressured the price early in the session. US production is also a negative for the price. However,...
What’s priced in for the Federal Reserve ahead of Wednesday’s FOMC decision
Wednesday's FOMC decision is highly unlikely to feature a change in rates but it will set the tone for the next decision -- on March 20 -- that's highly uncertain.For tomorrow, the odds of a cut are just 2% but at the March meeting, the market is pricing in a 42%...
EURUSD struggles to sustain momentum above and key moving averages. What next?
The EURUSD has had another up-and-down trading day today. The move to the upside did take the price above its 200 day moving average at 1.08413 and 100 hour moving average currently at 1.0849, but the momentum could not be sustained and the price rotated to the...
Iraqi group responsible for US attack suspends operations against US military
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,...
Amazon Q4 Earnings Preview: What to Expect?
Article by IG Market Analyst Hebe ChenAmazon Earnings:Amazon is scheduled to release its Q4, 2023 earnings on February 1st, 2024, after the closure of US markets.Amazon Q4 expectations and key watches:The anticipated earnings report for the upcoming quarter indicates...
Morgan Stanley sidelined on long USD positions despite bullish outlook for 2024
Morgan Stanley outlines its strategic perspective on the USD for 2024, balancing its bullish long-term outlook with current recommendations against taking long USD positions.Key Insights:Strategic Outlook for USD in 2024:Morgan Stanley forecasts a rise in the USD...
US stocks trading to new lows with the NASDAQ index is now down -0.73%
The broader US stock indices are getting it ahead of the earnings after the close including Microsoft and Alphabet. The NASDAQ index is leading the way with the decline of -124 points or -0.80% at 15504.51.The S&P index is now down -11 points or -0.22% at...
After the close Alphabet and Microsoft to report.
After the close, both Microsoft and Alphabet will announce their latest results. What are analysts expecting?Adjusted Earnings Per Share (EPS): Expected $2.77, up from $2.32 in the same quarter last year. That is an increase of 19.39%Revenue: Expected $61.14 billion,...
ECB’s Nagel: Inflation is absolutely moving in the right direction
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,...