Here are the latest developments in global markets: FOREX: The dollar was down by almost 0.2% against a basket of six major currencies on Thursday, extending losses from the previous session. The yen was the best performer, advancing against all its major peers as risk aversion took hold, amid sustained worries around the trade outlook and elevated bond yields. Meanwhile, commodity currencies were hammered lower in this environment, with the loonie being caught in the eye of the storm as oil [..]
Here are the latest developments in global markets: FOREX: The dollar index – which tracks the greenback’s performance against a basket of six major currencies – is lower by 0.20% on Wednesday. This is owed mainly to a recovery in the currency with the heaviest weight in this index, the euro, which bounced overnight following news that Italy is willing to compromise on its budget deficits from 2020 onwards. Elsewhere, the pound grinded lower during the Conservative Party Conference, with all [..]
Here are the latest developments in global markets: FOREX: The dollar index – which tracks the greenback’s performance against a basket of six major currencies – is higher on Monday (+0.12%), looking set to extend the gains it recorded in the previous session. The safe-haven yen is also a little higher while risk-sensitive currencies such as the aussie and kiwi are lower, following news that China won’t attend the trade talks it had planned with the US. In the UK, the [..]
Here are the latest developments in global markets: FOREX: The dollar index is down by 0.10% on Thursday after ending the previous session practically unchanged, failing to capitalize on a sustained surge in longer-term US bond yields. In the UK, the British pound had a turbulent ride amid Brexit news. Meanwhile, commodity-linked currencies such as the loonie, aussie, and kiwi staged a quiet comeback as worries over global trade eased. STOCKS: It was a mixed session in the US on Wednesday. The Dow Jones (+0.61%) [..]
Amazon’s stock price recorded a stunning rally over the last year without a significant bearish correction. The price continues the bullish tendency as it is still trading above the ascending trend line and the moving averages in the daily timeframe. However, looking at the momentum indicators, the RSI is moving lower in the positive territory, while the MACD oscillator slipped below the red trigger line, both signaling that upside speed is losing some steam. In the case of more bullish moves, the market could meet resistance at [..]
Walmart’s earnings report for its fiscal second quarter will be hitting the markets before Thursday’s US market open. The consensus recommendation for the company is “buy”, which matches the average consensus recommendation for the Food Retail & Distribution peer group. The retail giant’s earnings per share (EPS) for the quarter ending in July are anticipated to stand at $1.22, according to Thomson Reuters consensus estimates; a figure which has remained unchanged over the past four weeks. If the firm’s bottom line matches [..]
Amazon’s earnings report for Q2 2018 will be hitting the markets after Thursday’s closing bell on Wall Street. The consensus recommendation for the company is “buy”, which positively compares to the average consensus recommendation of “hold” for the Department Stores peer group. The retailer is expected to have made $2.50 in earnings per share (EPS) during the quarter ending in June according to Thomson Reuters consensus estimates; a projection which reflects a fall from $2.54 from four weeks ago. Still, [..]
Here are the latest developments in global markets: FOREX: The US dollar index – which tracks the greenback’s performance against a basket of six major currencies – is down by 0.27% on Thursday, extending the notable losses it posted in the previous session as trade tensions faded. The euro is little changed as traders await the main event of the day; the ECB policy meeting. The yen, meanwhile, is up across the board today amid continued speculation for a hawkish tilt by [..]
Facebook’s earnings report for Q2 2018 will be made public after the US market close on Wednesday. The consensus recommendation for the company is “buy”, matching the average consensus recommendation for the Online Services peer group. According to Thomson Reuters’ Institutional Brokers’ Estimate System (I/B/E/S), the social media giant is anticipated to have made $1.72 in earnings per share (EPS) during the quarter ending in June, a projection which has remained unchanged over the last four weeks; the expected EPS number [..]
Amazon stock price has reached another record high of 1852.54 in the preceding week and currently is developing slightly below this peak. The price continues the bullish rally as it is still trading above the ascending trend line and the moving averages in the daily timeframe. Looking at momentum indicators, the Relative Strength Index (RSI) is approaching again the overbought zone as it is sloping upwards. The MACD oscillator recorded a bullish crossover with its trigger line and holds well above its [..]
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