Coca-Cola

Daily Market Comment – Dollar sails higher; Boris becomes Prime Minister

Posted on July 23, 2019 at 7:48 am GMT

Dollar advances on US debt ceiling accord; may have more room to climb Boris Johnson to become new UK Prime Minister – watch his Cabinet picks Loonie and kiwi lose ground, earnings season fires up Greenback catches a bid after US debt ceiling deal Market moves were relatively subdued on Monday, with most major currency pairs trading in narrow ranges, without much in the way of news flow to guide the price action. Things became more interesting overnight though, after [..]

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Technical Analysis – Coca-Cola stock reaches 2-month high; bullish actions back into play

Posted on April 23, 2019 at 1:21 pm GMT

Coca-cola stock price advanced above the Ichimoku cloud over the last couple of trading days, challenging a two-month high around the 47.50 resistance. The MACD oscillator rose above its trigger line in the daily timeframe, while the stochastic is flattening in the overbought territory, suggesting overstretched market. A failure to overcome the two-month high of 47.50 barrier could send the price down to the upper surface of the Ichimoku cloud around 47.16. Lower, support could be next found around 46.70 where the [..]

European Open Preview – Earnings season fires up; aussie retreats

Posted on April 23, 2019 at 7:55 am GMT

Nasdaq 100 at record highs ahead of key earnings Aussie pulls back ahead of inflation data early on Wednesday Sterling retreats as PM May prepares to stave off another ‘Tory rebellion’ Nasdaq 100 cruises to record highs as earnings season fires up Markets remained quiet on Monday, with moves in both currencies and equities being muted overall and the spotlight remaining on oil prices instead. US stocks ended mostly in the green, with gains in the energy sector offsetting losses [..]

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Coca-Cola on watch after PepsiCo’s earnings beat – Stock Market News

Posted on April 22, 2019 at 3:37 pm GMT

Coca-Cola Co’s share price is almost 7% above its February troughs when the board expressed that sales growth is set to slow down this year, staging the largest daily sell-off in more than a decade. The soda giant is now ready to announce its first quarterly earnings results for 2019 on Tuesday April 24th before the market open, and traders will pay close attention to any noisy number that sheds light to those fears. Refinitiv analysts recommend holding the stock. [..]

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Technical Analysis – Coca Cola stock cautiously positive, eyes record highs

Posted on February 13, 2019 at 4:21 pm GMT

Coca Cola’s stock has been in recovery mode since late December, recently crossing back above its 50-day simple moving average (SMA). The medium-term picture currently seems cautiously positive, and for it to shift to clearly positive, it would require a decisive break above the all-time high of 50.74. Short-term oscillators support a somewhat positive outlook. The RSI is near its 70 zone, but seems to have flatlined, while the MACD remains firmly above its red trigger line. Further advances in [..]

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Technical Analysis – Coca-Cola stock takes a pause after surging to record highs

Posted on December 13, 2018 at 1:43 pm GMT

Coca-Cola stock price hit an all-time high of 50.74 last month before stabilizing slightly lower and is set to finish higher by 7.0% in the year. Yet, with the 20-day simple moving average losing steam, the upward pattern might not extend further, while momentum indicators are also not as positive as before, pointing to weaker trading sessions in the near term; the MACD keeps falling below its red signal line and towards zero, whilst the RSI has reversed back to the downside [..]

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European Open Preview – Markets bounce as Trump hints at “great deal”; eurozone GPD and German inflation coming up

Posted on October 30, 2018 at 8:57 am GMT

Here are the latest developments in global markets: FOREX: The dollar is higher by 0.17% against a basket of six major currencies on Tuesday, building on the gains it posted yesterday as risk appetite deteriorated and investors sought the safety of the world’s reserve currency. The defensive yen surprisingly underperformed despite the general risk-off mood on Monday. Meanwhile, the aussie and kiwi are both notably higher on Tuesday as risk sentiment seems to have reversed, following hints from President Trump that [..]

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European Open Preview – Dollar sinks to 3-year low; UK retail sales eyed

Posted on February 16, 2018 at 8:43 am GMT

Here are the latest developments in global markets: FOREX: The dollar index traded almost 0.3% lower on Friday, adding to the losses it posted yesterday and recording a new three-year low. The continued slide in the world’s reverse currency managed to push euro/dollar to 1.2555 overnight, marking a fresh high last seen in 2014 for the pair. Meanwhile, dollar/yen posted a new 15-month low. STOCKS: US equity indices continued to recover yesterday, amplifying expectations that the recent turbulence may be gradually [..]

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Stock Market News (European Open) – FTSE declines on rising sterling; Coca-Cola and Boeing to release results before US open

Posted on October 25, 2017 at 9:56 am GMT

Asian markets projected a mixed picture today with movements from major benchmarks being fairly limited. The Japanese Nikkei 225 and Topix indices finished the day lower by 0.45% and 0.3%, ending a 16- and 12-day streak of positive closes respectively (the longest on record for the Nikkei) that brought them to multi-year highs. Hong Kong’s Hang Seng gained 0.5% and the Shanghai Composite rose by 0.3%. Australia’s S&P/ASX 200 Index added 0.1%. In Europe, the pan-European Stoxx 600 was down [..]

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Stock Market News (European Open) – Spanish stocks underperform; Nikkei longest streak of gains on Abe landslide

Posted on October 23, 2017 at 10:04 am GMT

In Japanese equities, the Nikkei 225 and the broader Topix once again finished the day in the green, extending their multi-year high closes; the Nikkei added 1.1% and the Topix rose by 0.8%, closing at their highest since 1996 and 2007 respectively. Hong Kong’s Hang Seng declined by 0.6%, while the Shanghai Composite added 0.1%. Australia’s S&P/ASX 200 fell 0.2%.  The Nikkei recorded its longest streak of gains – 15 consecutive days – as it finished in positive territory today. [..]

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