Category Archive: Finance, No picture
Analytical Overview Of The Main Currency Pairs – Friday, Nov. 24
Image Source: Unsplash The EUR/USD currency pairTechnical indicators of the currency pair: Prev Open: 1.0886 Prev Close: 1.0901 % chg. over the last day: +0.14 % The preliminary data on the German Manufacturing PMI exceeded the consensus forecast of 41.2 and amounted to 42.3, indicating a partial recovery in the face of the persistent recession. The Business Activity Index in the […]
Bear Of The Day: Lowe’s
Lowe’s Companies (LOW) posted mixed results this week for their Q3, with the topline missing the Zacks Consensus Estimate while EPS fell in line with estimates. And both sales and earnings fell from the previous year’s quarterly readings.Lowe’s has evolved as one of the world’s leading home improvement retailers, competing with Home Depot ((HD Quick QuoteHD – Free Report) ) and […]
Euro Climbs To Daily Highs Near 1.0920 Prior To De Guindos Speech, US PMIs
The Euro maintains its bullish momentum against the US Dollar, prompting EUR/USD to build on Thursday’s gains just beyond 1.0900 at the end of the week.On the other hand, the Greenback appears mildly offered around 103.70 according to the USD Index (DXY), a region also coincident with the critical 200-day SMA.In the meantime, volatility is expected to remain at low levels […]
Short Note For The Day After Thanksgiving
Image Source: Unsplash Price Action: Since the North American markets closed Wednesday, the foreign exchange market has been subdued. Most of the major currencies are +/- 0.2%. The Antipodeans and sterling have risen a bit more. The euro is in the middle of this week’s range (~$1.0850-$1.0965). The dollar is at the upper end of this week- range against the Japanese […]
US Dollar Sideways Ahead Of US PMI Data On This Black Friday
Image Source: Unsplash The Greenback trades steady on Friday as markets reopen after Thanksgiving. US Traders gear up for import US PMI data. The US Dollar Index still resides below 104 and is at an important crossroads from a technical perspective. The US Dollar (USD) is still in its snooze fest from Thursday when US markets were […]
AMC Stock Price Is Ranging: A Comeback Is Possible But Risks Remain
Image Source: Unsplash AMC Entertainment’s share price has moved sideways in the past few weeks. The stock has crashed by over 98% from its highest point on record. The company has continually diluted its existing shareholders. AMC Entertainment’s (NYSE: AMC) stock price has gone sideways in the past two months as investors assess the health […]
The Lure Of Rate Cuts In 2024
Bond markets love nothing more than the turn of the rate cycle. That’s why we’re bullish and anticipate an evolution towards normal-looking upward curves at lower levels. It’s all sounding just a bit too normal, though. We still worry about liquidity risks, the fiscal deficit in the US, and geopolitics – and admittedly, about 2024 as a whole. The year […]
Two Trades To Watch: DAX, USD/JPY Forecast – Friday, Nov. 24
Image Source: Unsplash DAX slips as a German recession looks more likely German GDP fall -0.3% QoQ in Q3 German IFO business climate is expected at 87.5 vs 86.9 previously DAX tests resistance at 16000 The DAX is set to open modestly lower as recession fears build following weaker-than-expected GDP data. GDP figures from the eurozone’s largest […]
FX Daily: Is Less Growth Pessimism Enough?
Image Source: Unsplash PMIs came in stronger than expected in the Eurozone and the UK yesterday and will be released in the US today. Despite the notion that Eurozone growth pessimism may have peaked, rate differentials still point to a weaker EUR/USD. We see EUR/GBP staying pressured. Riksbank FX sales will be in focus after yesterday’s […]
High Unemployment Levels: The Dance Of Labor Statistics
In the realm of labour statistics, the Bureau of Labor Statistics strives to present an optimistic outlook on employment trends. However, beneath the surface lies a complex reality that defies simplistic narratives. The labour market has undergone profound transformations, leading to the disappearance of specific jobs and the emergence of new ones. Amidst this backdrop, […]
