GeneralMot

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Technical Analysis – General Motors stock makes a 13-month high; sellers push back

Posted on July 31, 2019 at 2:57 pm GMT

General Motors stock has stuck to the upper Bollinger band on its stretch north, peaking its head above the band, hauling the price of the stock above previous peaks from February 6 and April 18. Although the price has formed a spinning top candle and sellers have pushed lower, it’s worth mentioning that the 40-day simple moving average has crossed above the 100-day SMA, signaling that the bullish advance seems to be holding. The MACD is in the positive region [..]

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European Open Preview – RBA chief jawbones aussie lower; pound slides

Posted on February 6, 2019 at 8:38 am GMT

Aussie plummets as RBA Governor changes tune, puts rate cut on table Pound dives after weak services PMI reinforces speculation for dovish BoE US stock markets cruise to fresh two-month highs RBA Governor reacquaints aussie with gravity The Australian dollar is in freefall early on Wednesday, losing more than a cent against its US counterpart, following some cautious-sounding remarks from RBA Governor Philip Lowe earlier. He backpedaled on some of the Bank’s prior rhetoric that the next move in interest [..]

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European Open Preview – Dollar soars to 1½-year highs; eurozone flash inflation eyed

Posted on October 31, 2018 at 8:45 am GMT

Here are the latest developments in global markets: FOREX: The dollar soared to a fresh high last seen in June 2017 against a basket of six major currencies, as risk sentiment was reinvigorated. The pound was the worst performer, as ratings agency S&P warned of a recession in case of a no-deal Brexit. The defensive yen was the second-worst performer in the face of stronger risk appetite. Meanwhile, the aussie is on the back foot on Wednesday, giving back some of [..]

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Stock Market News – Apple in the crosshairs of a trade war: will it take a major hit?

Posted on September 12, 2018 at 2:39 pm GMT

Apple’s stock is trading 2.5% lower from a record high of $229.67 touched on September 5. The major catalyst behind the recent fall are growing concerns the company will take a hit on the back of rising prospects for a full-blown trade war between the US and China, given that a considerable part of the firm’s supply mechanism is China-based. The US imposes tariffs on China and the latter’s economy suffers as a result, right? Yes and no, or at [..]

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Chinese exports in the spotlight amid trade tensions; Aussie and other key data eyed too – Forex News Preview

Posted on August 7, 2018 at 8:56 am GMT

Chinese data on trade will be hitting the markets on Wednesday, with the latest twist in the Sino-US trade row perhaps rendering the release all the more important. Also of significance out of the world’s second largest economy, will be producer and consumer price inflation figures due on Thursday. Meanwhile, Australia’s “China-dependency” is bringing the aussie to the forefront ahead of the releases, as well as in the event of any major developments on trade.    Analysts’ are projecting China’s [..]

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Stock Market News – Ford outperforms on the back of analyst upgrade

Posted on March 14, 2018 at 4:06 pm GMT

Ford is outperforming during Wednesday’s trading, leading the list of gainers within the S&P 500. An upgrade in the company’s stock by an investment banking analyst acted as the catalyst behind today’s movement. Shares of Ford Motor Company jumped after an analyst with Morgan Stanley changed his view on the stock, adopting a bullish perspective on the vehicle maker from the previously held bearish one.  Specifically, the analyst, who is top-rated by Thomson Reuters for recommendations on Ford, revised the [..]

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Stock Market News – As Geneva Motor Show gets underway, trade tariffs and decline of diesel weighs on outlook for European auto stocks

Posted on March 7, 2018 at 4:55 pm GMT

As the world’s largest motor show gets underway in Geneva this week, European car makers are using the event to showcase their latest hybrid and electric vehicles in a bid to reassert their place in the future of the car industry. European car manufacturers are seen to be lagging in the race for electric or zero-emission vehicles. The German car industry, in particular, had become reliant on diesel technology. But following the Volkswagen emissions scandal, the future of diesel cars [..]

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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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Stock Market News (US Open) – Stoxx 600 remains in the green; Wall Street benchmarks yet again hurt by Apple

Posted on September 25, 2017 at 2:11 pm GMT

As trading progressed, the pan-European Stoxx 600 gave up on part of the gains made during morning European trading, though it remained in the green and not far below the two-month high it recorded earlier in the day. It was last up by a bit less than 0.2%. Spain’s IBEX 35 remained the worst performing major benchmark in the continent, being last down by 0.6%. Caixabank, which was down by 3.0% and topped the list of decliners within the Stoxx [..]

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Stock Market News – Sea of red for European bourses on strong euro; US indices weaken despite soft dollar

Posted on July 21, 2017 at 1:15 pm GMT

All major European bourses declined but a number of blue chips swung into the black thanks to positive updates. The euro’s rally to a two-year high in the past 24-hours has seen the pan-European STOXX 600 turn downwards with the four main country indices falling by more than 1% today. Investors with positions in large European exporters got cold feet today due to the stronger euro, inducing a sea of red across European equity indices. Germany’s DAX fell by 1.6% by [..]

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