Daily Market Comment – Stocks falter again, bruised dollar seeks to end losing streak

Posted on July 30, 2021 at 9:07 am GMT

Market mood sours again as China crackdowns, mixed earnings and Delta fears all weigh Dollar halts slide but struggles to regain positive footing after dovish Fed and soft data Pound sets sights on $1.40 as others lag, gold battles to reclaim $1,830/oz Mixed week for stocks as risks mount Regulatory crackdowns in China, ongoing concerns about the Delta variant and warnings of slower earnings growth ahead all came to a head this week when it was meant to be all [..]


Technical Analysis – Amazon stock holds well above ascending trend line

Posted on July 29, 2021 at 11:10 am GMT

Amazon stock price has been falling erasing the upward move followed the company’s stock ascending move in the previous week, remaining above the 20- and 40-day simple moving average (SMAs). From a technical perspective, the short-term bias is viewed as negative, reflected by the downside move in the RSI and the stochastic which posted a bearish crossover within the %K and %D lines. Yet only a decisive close below the nearby support of the 20-day SMA at 3614, can boost selling [..]

Daily Market Comment – Powell eases taper angst, dollar slips; China stocks stage rebound

Posted on July 29, 2021 at 9:30 am GMT

Fed cites “progress” but still a ways to go; September taper decision seen less likely Dollar hits 4-week low as easing China panic further adds to downside Asian equities bounce back but Facebook earnings warning could upset Wall Street Powell upbeat but in no rush to curtail QE The Federal Reserve acknowledged it had made “progress” towards its goals as it kept policy unchanged on Wednesday. However, in his press conference, Chair Jerome Powell appeared in no rush to scale [..]


Amazon earnings: Another impressive quarter? – Stock Market News

Posted on July 28, 2021 at 2:31 pm GMT

The world’s biggest online retailer will report its results on Thursday after Wall Street closes. Analysts expect another amazing quarter as Prime Day came early this year, turbocharging sales. The prospects for Amazon remain bright overall, but in the near future, the company could face a slowdown in growth as people in America and Europe spend less time at home.  It’s good to be king Amazon has come to dominate everyone’s lives and the pandemic simply accelerated this process. The [..]


Daily Market Comment – Dollar set for big monthly losses, stocks struggle for direction again

Posted on April 30, 2021 at 8:56 am GMT

Dollar steadier but month-long rout probably not over yet, yen firmer too S&P 500 closes at another record high but stocks slip today amid some jitters Copper soars past $10,000 a tonne, oil moderates after boost from upbeat US GDP Don’t fight the dovish Fed The US dollar is on track for its worst 4-week run since last July and looks set to end the month with losses of at least 2.5%. An uptick in the growth outlook for some [..]


Amazon Q1 earnings preview: guidance and stock split – Stock Market News

Posted on April 29, 2021 at 2:16 pm GMT

Amazon’s stock has barely budged since the rally to a record high of 3,552 last September, despite the spectacular earnings in the previous quarter. Another stellar report could follow today after the market close, but with Jeff Bezos having stepped down as the company’s CEO and the vaccines easing the dependence on online activities, investors would like to get an excellent Q3 guidance under the new CEO to boost buying orders, especially those who have missed the pandemic rally. Q1 [..]

Daily Market Comment – Powell sinks dollar but can’t keep yields down for long

Posted on April 29, 2021 at 9:19 am GMT

US dollar and yields tumble after Powell says not the time to talk about taper But yields bounce back ahead of expected surge in Q1 GDP data, weigh on equities Blowout tech earnings finally inject some life into Wall Street, futures up Powell as dovish as ever The Federal Reserve struck a more positive tone on the US economy on Wednesday as it kept monetary policy unchanged as widely expected. Policymakers acknowledged the progress on vaccinations and greater flow of [..]

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

Posted on February 4, 2021 at 9:56 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 10:04 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, [..]

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