Could eBay’s fortunes shift on a dime as a result of Amazon’s poor performance?
Could Amazon’s bad performance cause eBay’s stocks to turn on a dime? Amazon’s (AMZN) first-quarter earnings miss and weaker-than-expected second-quarter outlook, released after the market closed on Thursday, could present an attractive investment opportunity in another retailer. I’m looking at eBay (EBAY) in particular. AMZN shares were down roughly 8.5 percent and eBay’s stocks […]
Wall Street closes strongly higher, with Meta and Apple leading the way
Wall Street closes strongly higher, with Meta and Apple leading the way On Thursday, Wall Street finished substantially higher. Meta Platforms released a good quarterly report and growth sectors and easing concerns about the US economy’s first-quarter loss. The parent company of Facebook jumped 17.6% as the social network posted higher-than-expected earnings and returned from […]
GBP/USD plummets to 1.2960 area, lowest since
GBP/USD plummets to 1.2960 area, lowest since AUD: Flash Manufacturing PMI, it measures level of a diffusion index based on surveyed purchasing managers in the manufacturing industry. AUD: Flash Services PMI, it measures level of a diffusion index based on surveyed purchasing managers in the services industry. GBP: GfK Consumer Confidence, it measures level of […]
Ukraine Russia war Impact on EURUSD
Ukraine Russia war Impact on EURUSD EUR/USD broadened its slide toward 1.08 during the Asian trading hours however figured out how to arrange a bounce back toward 1.0850. Financial experts accept that the pair could slide underneath 1.08 on reestablished strains in Ukraine. EUR/USD among acceleration and downturn fears EUR/USD is gotten between acceleration fears, […]
Imports of fuel oil from Latin America surge ahead of Russia’s planned reduction
Imports of fuel oil from Latin America surge ahead of Russia’s planned reduction According to customs statistics, record amounts of fuel oil from Latin America arrived in the United States in March, as refiners sought alternatives to Russian feed stocks ahead of Washington’s April 22 deadline to cease Russian oil imports. Last month, US Gulf […]
Following Thursday’s rally, stock futures are barely changed as investors examine the Federal Reserve’s objectives
Following Thursday’s rally, stock futures are barely changed as investors examine the Federal Reserve’s objectives On Thursday night, U.S. stock futures were barely changed after the main averages made a late-day recovery as investors assessed the chances of the Federal Reserve tightening monetary policy to battle inflation. Futures for the Dow Jones Industrial Average […]
Long-term deal with China has been signed by a US LNG exporter
Long-term deal with China has been signed by a US LNG exporter In the most recent contract between American and Chinese companies, Next Decade Corporation inked another long-term agreement for a U.S. exporter to supply liquefied natural gas (LNG) to China on Wednesday. ENN LNG (Singapore) Pte Ltd, a wholly-owned subsidiary of China’s ENN Natural […]
XAU/USD is expected to drop to about $1,900 as aggressive Fed officials dampen market sentiment
XAU/USD is expected to drop to about $1,900 as aggressive Fed officials dampen market sentiment After a massive sell-off on Tuesday, gold (XAU/USD) is struggling in the Asian session. Given the adverse market movement and aggressive tone espoused by Federal Reserve (Fed) policymakers, the precious metal is anticipated to drop to around the psychological support […]
Energy sanctions are being considered by the EU as a response to Russia’s war crimes in Ukraine
Energy sanctions are being considered by the EU as a response to Russia’s war crimes in Ukraine The European Union denounced the massacre of innocent citizens by Russian soldiers as they retreated from Ukrainian cities on Monday, threatening a fresh round of harsh measures on Russia in the coming days, including possible sanctions against Russia’s […]
As the RBA approaches amid China’s lockdowns, the AUD/USD chart shows bullish potential
As the RBA approaches amid China’s lockdowns, the AUD/USD chart shows bullish potential The Asian markets will start the week with an eye on Australia’s interest rate announcement tomorrow. The Reserve Bank of Australia (RBA) is likely to maintain its current interest rate of 0.1 percent, although expectations for a raise in the second […]
UK house price growth is at a 17-year high
UK house price growth is at a 17-year high According to the mortgage lender, annual rise in house prices reached 14.3 percent in February, the fastest rate since November 2004. The cost of a typical UK home has hit a new record high of £265,312, up £33,000 in the last year, according to the report. […]
XAU/USD pair remains bullish as the US currency continues to fall
XAU/USD pair remains bullish as the US currency continues to fall The gold price is rising as the US currency and US yields fall. The 10-year yield is down almost 2% on the day, while the DXY index, which measures the US dollar against a basket of currencies, is down about 0.3 percent at the […]
Consumer prices in Japan rose in January, but at a slower rate
Consumer prices in Japan rose in January, but at a slower rate Japan’s core consumer prices rose for the fifth month in a row in January, but at a slower rate than the previous month, raising the prospect that the country’s central bank will lag behind other economies in raising interest rates. Consumer inflation is […]
British stocks rise as energy stocks soar; Shell discontinues purchases of Russian oil
British stocks rise as energy stocks soar; Shell discontinues purchases of Russian oil The FTSE 100 in London edged higher on Tuesday, aided by strong gains in energy stocks as oil prices rose after Britain and the United States announced bans on Russian crude imports, while insurer and asset manager M&G was the top […]
Gold is surging and breaking records. $2,000/oz
Gold is surging and breaking records. $2,000/oz At the start of the week, the price of gold in fast markets has just surpassed $2,000 per ounce. The catalyst is oil, as well as concerns about global stagflation. Oil prices have increased by 10% on Monday as a result of the threat of a ban on […]
Dollar Up, Euro Down as Russian Invasion of Ukraine Intensifies
Dollar Up, Euro Down as Russian Invasion of Ukraine Intensifies The dollar was up on Friday morning in Asia, but the euro was set for its worst week versus the U.S. currency in nine months. The Russian invasion of Ukraine and the resultant higher commodities prices continue to drag on expectations of European economic growth. […]
GBP/JPY stays depressed below 155.00 as yields ease on Ukraine fears
GBP/JPY stays depressed below 155.00 as yields ease on Ukraine fears GBP/JPY remains sidelined around 154.70 during Thursday’s Asian session, mildly offered after bouncing off a 10-week low the previous day. The cross-currency pair’s latest weakness could be linked to the market’s anxiety ahead of key data/events, as well as a lack of major catalysts. […]
The Most Volatile Currency Pairs and How to Trade Them
The Most Volatile Currency Pairs and How to Trade Them FX markets are susceptible to a range of factors which affect their volatility, and many traders look to tailor their strategies to capitalize on the most volatile currency pairs. Currency volatility, often measured by calculating the standard deviation or variance of currency price movements, gives […]