JPMorgan

Daily Market Comment – Markets unrattled by US inflation jump, dollar slips, stocks hit record

Posted on April 14, 2021 at 8:54 am GMT

Bond markets shrug off surge in US inflation as yields fall, dragging dollar to 3½-week low But stocks impervious as Tesla drives S&P 500 to fresh record; bank earnings coming up Dollar plunge lifts rivals, yen finds little love despite J&J vaccine woes No panic after US inflation shoots higher Markets appeared to brush aside fears of higher inflation after the much-anticipated CPI data out of the United States failed to spark a huge reaction on Tuesday. The US consumer [..]

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US Big Banks Q1 earnings: Will the rally resume? – Stock Market News

Posted on April 14, 2021 at 8:00 am GMT

The four biggest US banks will kick the earnings season this week, with JPMorgan Chase and Wells Fargo reporting their financial results for the first quarter of 2021 today followed by Bank of America and Citigroup on Thursday. The banking sector has drastically changed course from one of the worst-performing industries during the devastating 2020 year to a well-growing sector in early 2021. However, with the banks consolidating gains around record highs on Wall Street for several weeks now, investors would look for answers about [..]

Daily Market Comment – Dollar steady, stocks mixed ahead of US inflation data

Posted on April 13, 2021 at 8:54 am GMT

Dollar drifts sideways in choppy trading as investors brace for jump in US inflation Stocks lack direction as yields firm, US data, earnings awaited Pound extends gains but most majors stuck in tight ranges, gold slides again All eyes on US inflation With yesterday’s $96 billion Treasury auction passing uneventfully, investors have turned their attention to the latest reading of the consumer price index out of the United States later today. Expectations of a spike in US inflation have been [..]

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Technical Analysis – JPMorgan’s stock eyes trend reversal after record highs

Posted on March 5, 2021 at 11:02 am GMT

JPMorgan’s stock has been quite progressive since the start of November, making higher highs and higher lows within uncharted waters. The situation, however, is currently looking bleak on the four-hour chart as the creation of a potential double top pattern near the 19-year-old resistance line is increasing the case of a trend reversal. That said, the bearish formation requires a confirmational close below the 147.24 neckline, while the upward-sloping simple moving averages (SMAs) have yet to send any negative trend warnings, keeping some [..]

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Citigroup, JPMorgan, and Wells Fargo kick off earnings season – Stock Market News

Posted on January 14, 2021 at 12:27 pm GMT

The fourth-quarter earnings season is upon us, and as usual, the big US banks will get things started. JPMorgan, Citigroup, and Wells Fargo will all report on Friday before Wall Street’s opening bell. Their results could shed some light into how the financial sector is doing and how the US consumer is holding up. Overall, the banking sector has recovered very powerfully lately, and should the Democrats unleash a tsunami of federal spending soon, the good times could keep rolling. [..]

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Technical Analysis – JPMorgan’s stock advances to the highest since early 2020

Posted on January 7, 2021 at 10:54 am GMT

JPMorgan Chase & Co stock has made considerable progress towards its 2019 record highs over the past two months, printing its latest peak slightly below the 133.00 mark on Wednesday. The market, however, seems to be sailing in overbought waters according to the RSI, which is set to meet a key resistance area above 70. Hence, some stabilization around the 133.00 number, where the price action stalled several times in early 2020, is possible. If the rally extends beyond that barrier, [..]

Daily Market Comment – Wall Street stumbles as US-China tensions brew, virus cases surge

Posted on July 14, 2020 at 8:46 am GMT

Nasdaq falters as more US states roll back reopenings amid record new infections Sino-US tensions also upset stocks, but dollar and gold hold steady Markets braced for busy week as earnings, data and central bank meetings coming up Tech stocks in rare selloff Shares on Wall Street slipped late into the session on Monday as a persistent surge in new coronavirus cases across the United States unnerved investors. The tech-heavy Nasdaq Composite had been trading in record territory before reversing [..]

Daily Market Comment – Stocks creep higher as terrible earnings loom; dollar slips further

Posted on July 13, 2020 at 8:50 am GMT

Stocks braced for disastrous earnings, but low bar sets stage for profit beats Dollar extends downward trajectory despite worrisome virus numbers Gold capitalizes on weaker greenback, but euro turns more cautious Worst earnings season ever? Equity markets were in a surprisingly chirpy mood on Monday, with little sign of distress ahead of what is expected to be the worst earnings season in at least 12 years. Banks will be the primary focus this week, with Citigroup, JP Morgan and Wells [..]

Daily Market Comment – Stocks edge up as earnings get underway amid stabilizing virus cases

Posted on April 14, 2020 at 8:23 am GMT

Stocks head higher as easing virus outbreak lifts mood But risk of over-optimism as US earnings poised to unveil virus hit Pound and aussie extend gains as dollar retreats Is the global pandemic peaking? Cautious optimism that the global pandemic of the coronavirus may have started to peak pulled global equities higher on Tuesday just as traders are about to find out what the impact of the outbreak was on corporate earnings. Stocks in Asia ended the day between 1-3% [..]

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Technical Analysis – JPMorgan stock extends up in very short-term; indicators show upside tone

Posted on April 13, 2020 at 12:53 pm GMT

The JPMorgan stock price is finding resistance at the 104.30 barrier after the gap up that it posted on Thursday and the pullback on the three-and-a-half-year low of 76.50. Technically, the price is trading above the red Tenkan-sen and the blue Kijun-sen lines in the daily timeframe, but the simple moving averages (SMAs) are still pointing south. However, the RSI indicator is entering the positive path, while the MACD oscillator is rising above its trigger line, approaching the zero level. [..]

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