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EUR/USD Price Corrects Further As Greenback Leads The Market

EUR/USD Price Corrects Further As Greenback Leads The Market

The EUR/USD price pared gains on Wednesday, continuing yesterday’s momentum. The pair is trading at 1.0575 versus yesterday’s high of 1.0694. The dollar’s dominance forces risky assets to depreciate.The price maintains a bearish bias despite temporary rebounds. Fundamentally, the greenback took the lead after the United States Flash Manufacturing PMI and Flash Services PMI confirmed […]
Canadian Market Commentary – Wednesday, October 25

Canadian Market Commentary – Wednesday, October 25

BOC in FocusThe Bank of Canada meets for its October rate setting meeting today and while no change is expected, traders will be keeping a close eye on the latest guidance and forecasts offered. The BOC has warned recently that it is still prepared to use further tightening, if necessary, to respond to any uptick […]
IRS Collects $160 Million From Wealthy Taxpayers Amid ‘Increased Compliance Efforts’

IRS Collects $160 Million From Wealthy Taxpayers Amid ‘Increased Compliance Efforts’

Photo by Scott Graham on UnsplashThe IRS has collected roughly $160 million from wealthy taxpayers YTD – or approximately 2 days worth of Ukraine aid, as part of the agency’s ‘increased compliance efforts’ that some worry could eventually target small-business owners.This figure combines some $38 million collected by the IRS earlier this year, and $122 million the agency on […]
Microsoft Begins Monetizing AI

Microsoft Begins Monetizing AI

Photo by Sunder Muthukumaran on UnsplashYesterday, Microsoft (MSFT) announced its first quarter results that surpassed market expectations. The market was impressed, and the stock gained 4% in the after hours trading session. Microsoft’s FinancialsMicrosoft’s revenues grew 13% to $56.52 billion, significantly ahead of the market’s forecast of $54.5 billion. Adjusted income grew 27% to $2.99 per […]
4 Hour Chart Elliott Wave Technical Analysis EURUSD: Wednesday, October 25

4 Hour Chart Elliott Wave Technical Analysis EURUSD: Wednesday, October 25

EURUSD Elliott Wave Analysis Trading Lounge 4 Hour  Chart, 25 October 23Euro/U.S.Dollar(EURUSD) 4 Hour ChartEURUSD Elliott Wave Technical AnalysisFunction:  Counter TrendMode: impulsive  Structure:5 of APosition: wave 2Direction Next lower Degrees: black wave 5 of A startedDetails: black wave 4 completed at 1.06943 .Now wave 5 of A is in play . Wave Cancel invalid level: 1.07636The […]
Quarterly Updates For ASML, Microsoft, And Visa 
                    
 
 

Quarterly Updates For ASML, Microsoft, And Visa    

The Q3 earnings reports are starting to roll in, so get ready for a deluge of stock updates over the next several weeks!Image via GreenDot StocksThe first bunch from our tracked stock lists to report include ASML, Microsoft, and Visa. How are these 3 stalwart companies performing? Let’s take a brief look at each. ASML (ASML)Semiconductor equipment […]
Qualcomm Will Use Wi-Fi For Next-Gen Smart Tech Earbuds 
                    
 
 
 
 
 
 
 

Qualcomm Will Use Wi-Fi For Next-Gen Smart Tech Earbuds              

FreepikIn the world of smart tech, the bar is continually raised, with each flagship pair of headphones and earbuds pushing the boundaries of quality and convenience. However, Qualcomm (QCOM), a pioneer in the industry, is now unveiling an innovation that promises to redefine the way we experience wireless audio. With the launch of their next-generation […]
Boeing’s Q3 Earnings Miss Estimates, Revenues Rise Y/Y

Boeing’s Q3 Earnings Miss Estimates, Revenues Rise Y/Y

Image Source: Unsplash The Boeing Company (BA – Free Report) incurred an adjusted loss of $3.26 per share in third-quarter 2023, wider than the Zacks Consensus Estimate of a loss of $3.21. The bottom line, however, improved from the year-ago quarter’s reported loss of $6.18 per share.Including one-time items, the company reported a GAAP loss of $2.70 per share, […]
Health Care Costs Are Soaring, So Why Does The CPI Show Falling?

Health Care Costs Are Soaring, So Why Does The CPI Show Falling?

Let’s compare what the BLS says to an annual survey from KFF, a healthcare research nonprofit organization. A family’s health insurance costs nearly $24,000 this year after the biggest increase in more than a decade.The Wall Street Journal reports Health Inflation’s Big Hike This Year, in Charts The cost of employer health insurance rose this year […]
USD/CAD Forecast: Bulls Picking Up Amid Rate Differential

USD/CAD Forecast: Bulls Picking Up Amid Rate Differential

Wednesday’s USD/CAD forecast shines with optimism as the Canadian dollar continues its collapse against the US dollar. This decline comes amid a growing interest rate advantage for the US dollar, fueled by improved US economic data. Moreover, there is anticipation ahead of a Bank of Canada policy decision.Aaron Hurd from State Street Global Advisors noted, […]