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Australian Dollar Rises On Strong Economic Indicators

Apr 23, 2024 Jeremy Parkinson Finance 0

The AUD/USD pair is experiencing upward momentum for the second consecutive day, reaching a one-week high near 0.6453 on Tuesday. This positive movement comes after a period of rapid decline and is supported by encouraging economic data from Australia.The latest manufacturing PMI report for April significantly contributed to the Australian dollar’s appreciation. It showed an […]

USD/JPY Outlook: Intervention Warnings Mildly Lift Yen

Apr 23, 2024 Jeremy Parkinson Finance 0

The USD/JPY outlook leans slightly bearish as the yen responds to stern warnings against its decline. Japanese authorities made clear on Tuesday their readiness to intervene. They signaled a determined stance to halt any further depreciation of their currency.Japan’s finance minister, Shunichi Suzuki, noted a greater likelihood of intervening in the market after the US […]

Mortgage Pain Has Not Peaked Yet

Apr 23, 2024 Jeremy Parkinson Finance 0

Despite spring market optimism, US Home sales in March posted their most significant decline in more than a year (-4.3% month-over-month–the most significant monthly decline since November 2022) as 30-year fixed mortgage rates moved back above 7% from just over 6% in early February. See Housing Market Slumps as Mortgage Rates Top 7%. Also, see, This could be […]

Tesla Pre-Earnings Commentary – Tuesday, April 23

Apr 23, 2024 Jeremy Parkinson Finance, No picture 0

Tesla Earnings DueInvestors are bracing for the latest set of Tesla earnings today with stockholders looking to see whether this will be the third consecutive quarter of weaker-than-forecast earnings or if the company was able to rebound over Q1. Ahead of the release, Tesla shares have come under pressure amidst news that the carmaker has […]

Venezuela turns to crypto for oil trades under renewed US sanctions: Reuters

Apr 23, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

Venezuela’s state-owned oil company, Petróleos de Venezuela S.A. (PDVSA), is turning to crypto for its oil trades in response to renewed US sanctions that target the nation’s oil and gas industry, Reuters reported on Tuesday.As noted, PDVSA has been utilizing the stablecoin Tether (USDT) for oil exports since the previous year. By the end of […]

Currency Pair Of The Week: USD/JPY – Tuesday, April 23

Apr 23, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay The US dollar was in consolidation mode on Monday, but it will be looking to extend its recent gains even though we have seen a rebound in equity markets at the start of this week with investors pricing out some geopolitical risk from the Middle East. Over the next few days, data is […]

Will Tesla Break Through Key Weekly Support On Weaker Earnings

Apr 23, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash For some time now there have been some significant risks growing for Tesla as we approach their latest earnings after the close on Tuesday. Competing with established car manufacturers poses several risks for Tesla which critics have long cautioned against exuberance with Tesla stock.As more traditional automakers enter the electric vehicle (EV) market, […]

UPS’s Q1 2024 Earnings: $1.41 EPS Beats Expectations, Revenue Miss

Apr 23, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash UPS (NYSE: UPS) today reported its earnings for the first quarter of 2024, revealing a mix of challenges and resilience amid evolving market conditions.The company announced consolidated revenues of $21.7 billion, a 5.3% decrease from the $22.9 billion reported in the same quarter last year. Despite the revenue downturn, UPS’s adjusted diluted earnings per share (EPS) […]

Just A Correction, Or Is The Bull Market Over?

Apr 23, 2024 Jeremy Parkinson Finance 0

Is this just a correction after a strong bullish advance from November, or is the bull market ending? If you read some of the headlines, you would suspect the latter. As noted by MarketWatch last week: “For the first time since early November 2023, less than 30% of S&P 500 stocks are trading above their 50-day moving […]

US Stock: Pfizer

Apr 23, 2024 Jeremy Parkinson Finance 0

Company: Pfizer IncorporatedBloomberg ticker: PFE USMarket cap: US$153,536mBackground: Pfizer Incorporated is a research-based global biopharmaceutical company. The Company is engaged in the discovery, development, manufacture, marketing, sale and distribution of biopharmaceutical products worldwide. World Class Benchmarking of Pfizer Profitable Growth rank of 5 was down compared to the prior period’s 1st rank This is average performance compared to 380 […]