Daily Market Comment – Dollar gains more ground on stimulus hopes but stocks softer

Posted on February 4, 2021 at 9:57 am GMT

Dollar at fresh 2-month high as US yields rise further on stimulus expectations But Wall Street turns more cautious, Asian stocks wobble on Chinese liquidity worries Pound skids ahead of Bank of England decision, euro can’t catch a break Dollar strengthens further on rosy US outlook Rising optimism about the US economic outlook lifted the greenback to a fresh 2-month top on Thursday as investors bet that the American economy will outperform on the back of the Biden administration’s pledge [..]


Daily Market Comment – Dollar holds firm after gains as stimulus eyed; Reddit frenzy eases

Posted on February 2, 2021 at 10:06 am GMT

Dollar approaches 2-month top as stimulus hopes push up yields, euro falters Stocks rise again as Wall Street rebounds, retail craze cools, silver plunges Aussie bounces back, shrugs off surprise QE boost by RBA A dollar comeback? The US dollar appears to be on the rise again, mirroring a similar upward drive in 10-year Treasury yields in recent days. Expectations that the United States is moving closer to another big stimulus package lifted the greenback to near 2-month highs against [..]


Technical Analysis – Amazon stock creeps sideways, forming possible triangle pattern

Posted on January 26, 2021 at 3:40 pm GMT

Amazon stock has been fluctuating over the last four months after the aggressive correction from the all-time high of 3,545. The stock appears to be edging eastwards in a more confined horizontal channel, developing into a possible symmetrical triangle. The price’s latest push up is currently being controlled by the triangle’s upper boundary, which is overlapping with the 3,346-3,364 ceiling of the more recent range in the stock. The Ichimoku lines overall are backing the directionless tone of the stock, [..]


Technical Analysis – Amazon stock finds support at ascending line; strongly positive in long term

Posted on October 27, 2020 at 2:23 pm GMT

Amazon stock continues to move inside the Ichimoku cloud, remaining in a bullish tendency over the past seven months, stretching its upward pattern. According to the MACD, positive momentum is fading as it is moving lower in the short-term. The RSI is approaching the neutral threshold of 50, suggesting some gains again. In the positive scenario, where the price continues to expand above today’s high, a new top could be formed around 3,544.67, where the multi-month high is located. If the market [..]

post-image to report bumper Q3 sales, even better guidance – Stock Market News

Posted on October 23, 2020 at 12:15 pm GMT is set to unveil its third quarter earnings after the market close on October 29 – one of several tech titans reporting their results that day. After a spectacular earnings beat in the second quarter, the online retail behemoth could be about to treat investors with another strong set of results as the ongoing pandemic has largely kept people away from high streets and malls even as most stores have reopened. Boost from online shift The spring lockdowns around [..]


Daily Market Comment – Fed soothes stimulus anxiety; dollar pares losses

Posted on July 30, 2020 at 8:53 am GMT

Fed tight lipped on new forward guidance but reaffirms pledge on easy policy Stocks buoyed but cautious ahead of tech earnings, US GDP and jobs data Dollar falls on Powell remarks, then bounces back; gold slips Fed maintains course, ups pressure on Congress The Federal Reserve left monetary policy unchanged on Wednesday but warned of a “slowing in the pace of the recovery”. Having already implemented a full range of tools in its fight against the coronavirus, the Fed’s decision [..]


Daily Market Comment – Dollar edges down ahead of Fed; aussie’s bull run continues

Posted on April 29, 2020 at 8:35 am GMT

Dollar drifts lower in mostly risk-on mood ahead of Fed statement Virus success powers aussie to 7-week high, euro perks up too Oil steadies, stocks move higher in lacklustre trading Dollar pressured amid lockdown easing, eyes Fed meeting The mood of cautious optimism continues to prevail in the markets on Wednesday as several countries have begun or are preparing to ease their lockdown measures. Hopes that shuttered businesses will soon be able to reopen their doors has sparked a relief [..]


Daily Market Comment – Oil plunges again despite lockdown exits; gold down too

Posted on April 28, 2020 at 8:34 am GMT

Threat of another crash in oil prices after biggest oil ETF dumps holdings in June contracts But markets otherwise enjoying a rare calm as lockdown measures are slowly relaxed Stocks and dollar hold steady but gold and kiwi skid Oil’s woes persist as WTI plunges WTI oil futures are on track for a second day of hefty losses as the commodity remains heavily pressured after the biggest oil exchange-traded fund (ETF) yesterday said it plans to sell all its WTI [..]


Amazon’s Q1 earnings in the spotlight as virus crisis bodes well – Stock Market News

Posted on April 22, 2020 at 3:24 pm GMT

The e-commerce giant Inc will publish earnings results for the March quarter on April 30 after the market’s close. Despite the global health crisis, the virus situation bodes well for Jeff Bezos’ successful company and although forecasts suggest a mixed earnings report, traders may not easily give up their long exposure in the stock, with the consensus recommendation by Refinitiv analysts being “buy”.  Amazon gains in good times and bad COVID-19 is shaking up the global business world, forcing hundreds of [..]


Technical Analysis – Amazon stock tumbles from record high; still bullish in long term

Posted on April 22, 2020 at 1:13 pm GMT

Amazon stock price reversed to the downside after the aggressive bullish action to the all-time high of 2,458. The RSI indicator is turning lower from the overbought zone, while the stochastic oscillator fell from the 80 level following the bearish crossover within the %K and %D lines. However, the MACD is still extending its bullish movement above the trigger line. Should the price decisively close above the roof of the record high of 2,458, that could drive the market towards [..]

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