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S&P 500 Earnings Dashboard 23Q3 – Wednesday, Oct. 25

S&P 500 Earnings Dashboard 23Q3 – Wednesday, Oct. 25

Image Source: Unsplash S&P 500 Aggregate Estimates and Revisions The 23Q3 Y/Y blended earnings growth estimate is 2.6%. If the energy sector is excluded, the growth rate for the index is 7.4%. Of the 146 companies in the S&P 500 that have reported earnings to date for 23Q3, 80.1% reported above analyst expectations. This compares to a long-term average of 66%. The 23Q3 Y/Y blended revenue growth estimate is 1.2%. If the […]
Bitcoin And Ethereum: Bitcoin Remains Stable Above $33500

Bitcoin And Ethereum: Bitcoin Remains Stable Above $33500

Bitcoin chart analysisYesterday’s Bitcoin price pullback was halted at the $33500 level. After that, the price starts a bullish consolidation and climbs above the $34,000 level. We are currently very close to climbing above the $34200 level and thereby confirming the bullish supremacy. Potential higher targets are $34800 and $35200 levels.We need a negative consolidation and price […]
Boeing Posts Another Earnings Miss But Stock Up 22% In 12 Months

Boeing Posts Another Earnings Miss But Stock Up 22% In 12 Months

Image Source: Unsplash Boeing (NYSE: BA) published yet another disappointing quarterly report on Wednesday, revealing a wider-than-anticipated loss in the period. This is the company’s 15th earnings miss out of the past 20 quarters, but the stock remains up more than 22% over the past 12 months.  Boeing’s Defense Business Posts $924 Billion Loss Boeing’s shares fell 2.3% […]
Eurozone Bank Lending Remained Weak In September

Eurozone Bank Lending Remained Weak In September

Bank lending maintained its trend of stagnation in September, confirming the view that the impact of higher rates on the economy has been significant. For the ECB, this is a sign that policy is working. On the back of weak economic and lending data, tomorrow’s meeting will likely see more dovish impulses.Image Source: Pixabay The year-on-year […]
GBP/JPY Forecast: Faces Volatility Amidst Consolidation Against Yen

GBP/JPY Forecast: Faces Volatility Amidst Consolidation Against Yen

In the end, the GBP/JPY pair is currently navigating a turbulent period of consolidation, driving traders a bit crazy.In the recent trading session, the British pound made an initial attempt to rally against the Japanese yen, only to relinquish its gains swiftly, underscoring the ongoing turbulence in the market. GBP/JPY, a pair highly sensitive to risk […]
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 […]