Amazon

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Technical Analysis – Amazon stock ready to extend gains above the previous high

Posted on July 25, 2018 at 1:21 pm GMT

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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European Open Preview – Pound soars after BoE; OPEC meeting and key data eyed

Posted on June 22, 2018 at 7:45 am GMT

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 lower on Friday, though by less than 0.1%. The index closed lower on Thursday, after touching its best levels in 11 months. In the UK, the pound soared after the BoE kept rates unchanged, but adopted a more hawkish tone, stoking expectations for a rate increase at the August meeting. STOCKS: US markets closed lower on Thursday, amid [..]

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European Open Preview – Aussie recovers from RBA-induced losses; UK services PMI and EZ retail sales due

Posted on June 5, 2018 at 7:54 am GMT

Here are the latest developments in global markets: FOREX: The dollar index, which gauges the greenback against six major currencies, was little changed on Tuesday. Meanwhile, the aussie recorded some losses after some RBA comments on the outlook for inflation supported lower rates for longer. Nevertheless, the currency managed to largely recover its earlier losses. STOCKS: Major US indices finished in the green yesterday, with the Dow and the Nasdaq Composite adding 0.7% and the S&P 500 rising by 0.45%. [..]

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Stock Market News – Walmart quarterly earnings on the horizon; rising Treasury yields a consideration

Posted on May 16, 2018 at 2:45 pm GMT

Retail giant Walmart is scheduled to release its Q1 earnings report before Thursday’s US market open. The consensus recommendation for the company is “buy”, which favorably compares to the “hold” average consensus recommendation for the Food Retail & Distribution peer group.  The supermarket chain’s earnings per share (EPS) are anticipated to come in at $1.12 during its fiscal first quarter ending in April, according to analysts submitting their projections to Thomson Reuters’ estimate system (the Institutional Brokers’ Estimate System – I/B/E/S). [..]

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Technical Analysis – Amazon stock loses momentum after struggling to break above upper channel boundary

Posted on May 14, 2018 at 1:03 pm GMT

Amazon stock prices have been consolidating since February 12 and have been stuck in a sideways channel with upper boundary the 1621 resistance level and lower boundary the 1353 support hurdle. The neutral picture in the medium-term looks to last a while longer after prices failed to break the upper channel on Thursday. Resistance was met near the aforementioned resistance barrier, forcing the price to reverse lower. The negative bias in the near term is supported by the deterioration in [..]

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European Open Preview – Euro sinks after ECB; US & UK GDP numbers eyed

Posted on April 27, 2018 at 7:49 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index is higher on Friday, but by less than 0.1%, building on the gains it posted yesterday. Meanwhile, the euro was on the back foot, after the ECB maintained a relatively cautious tone in yesterday’s policy gathering. STOCKS: US markets edged higher yesterday, as a raft of encouraging earnings releases and a pullback in US bond yields supported risk appetite. The tech-heavy Nasdaq Composite climbed by 1.64%, boosted by [..]

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European Open Preview – Dollar remains elevated; ECB in the spotlight

Posted on April 26, 2018 at 7:21 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index inched lower on Thursday, but by less than 0.1%, giving back some of the gains it achieved yesterday on the back of surging US bond yields. The euro was relatively steady ahead of today’s main event, the ECB’s monetary policy decision, while both the aussie and the kiwi continued to collapse. STOCKS: US markets closed slightly higher yesterday, with the exception being the Nasdaq Composite, which fell, though [..]

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European Open Preview – Dollar hovers near 4-month highs; raft of corporate earnings due

Posted on April 25, 2018 at 7:45 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index is 0.2% higher today, hovering just below its four-month high posted earlier in the week, as the continued rise in longer-term US bond yields has breathed some life back into the world’s reserve currency. Both the aussie and the kiwi are 0.45% lower against the greenback, extending recent losses. STOCKS: US markets stumbled on Tuesday, pressured by concerns around rising borrowing costs, as well as discouraging signals from [..]

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Stock Market News – Alphabet in focus ahead of quarterly earnings report

Posted on April 23, 2018 at 2:22 pm GMT

Tech giant and Google-parent Alphabet is scheduled to release its earnings report for Q1 2018 after Monday’s US market close. The consensus recommendation for the company is “buy”, the same as the average consensus recommendation for the Online Services peer group.    Alphabet’s quarterly earnings per share (EPS) are anticipated to come in at $9.28 according to analysts submitting their forecasts to Thomson Reuters’ estimate system (the Institutional Brokers’ Estimate System – I/B/E/S). Current expectations reflect a downward revision from $9.33 [..]

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European Open Preview – Safe havens retreat as geopolitical tensions ease; UK CPI and BoC rate decision coming up

Posted on April 18, 2018 at 7:46 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index was practically unchanged on Wednesday, after it posted some gains on Tuesday. The Japanese yen and the Swiss franc were on the back foot as geopolitical risks were perceived as easing, while the British pound steadied somewhat after retreating yesterday. STOCKS: US markets soared for a second day in a row, as a strong earnings season and diminishing risks on the Korean Peninsula boosted risk appetite. The Nasdaq Composite [..]

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