Category Archive: Finance, No picture
American Airlines Surpasses Q3 Earnings And Revenue Estimates
Image Source: Unsplash American Airlines (AAL – Free Report) came out with quarterly earnings of $0.30 per share, beating the Zacks Consensus Estimate of $0.13 per share. This compares to earnings of $0.38 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 130.77%. A quarter ago, it was […]
S&P 500: Stocks Rebound On Positive Earnings Amid US Election Uncertainty
Image Source: Unsplash US index futures rebounded sharply alongside European markets in early European trade. A slew of positive earnings surprises in Europe coupled with Tesla’s blowout results overnight helped to soothe investor sentiment following a sharp decline on Wednesday. Tesla stock was up 14% in pre-market. Chinese markets, however, once again remained subdued overnight a […]
KKR Reports Stellar Third Quarter With Over 50% Growth In Adjusted Net Income
Image Source: Unsplash KKR & Co. Inc. has reported a robust performance for the third quarter of 2024, showcasing a return to a more normalized operating environment. The company saw its Adjusted Net Income (ANI) grow by over 50% year-over-year, accompanied by record Fee Related Earnings (FRE) and Total Operating Earnings (TOE). These results reflect high activity […]
EUR/USD Dips To Three-Month Low Amid Strong Dollar Demand
Image Source: Unsplash The major currency pair fell to 1.0789 by Thursday.This is almost a three-month low. Demand for the US currency is fuelled by expectations of an orderly and negative interest rate cut by the US Federal Reserve, as well as strong forecasts for a second Donald Trump presidency.The Euro currency is also weakening under […]
EUR/USD Finds Temporary Support Even Though Eurozone Economic Activity Contracts Again
Image Source: Unsplash EUR/USD holds support near 1.0760 while the near-term outlook remains downbeat amid weakness in Eurozone business activity. Traders look for fresh cues about the ECB’s likely interest rate cut size in December. EUR/USD has also been benefitted by a slight correction in the US Dollar. EUR/USD finds fresh buying interest near a […]
FX Daily: ECB Doves Float Below Neutral Rates
Image Source: Unsplash The dollar dodged a bullet last night given that the Fed’s Beige Book was largely a non-event. Today the focus is on European PMIs. These are expected to languish near contractionary territory and provide oxygen to the ECB doves who now think the policy rate may need to go below neutral. Expect the […]
Two Trades To Watch: EUR/USD, FTSE Forecast – Thursday, Oct. 24
Image Source: Unsplash EUR/USD remains below 1.08 ahead of PMI data Eurozone Composite PMIs are expected to contract at a slower pace ECB is expected to continue cutting rates EUR/USD trades below 1.08 EUR/USD is rising, snapping a three-day winning run amid profit-taking in the USD, although the USD remains supported near a 3-month high against […]
BlackRock goes on Bitcoin buying spree when others flee
Key Takeaways BlackRock’s iShares Bitcoin Trust garnered over $317 million in inflows, contrasting with losses in other ETFs. Bitcoin’s price remains volatile, peaking at $69,500 last week and now around $67,000. Share this article BlackRock’s iShares Bitcoin Trust (IBIT) keeps attracting investor interest, ending Wednesday with over $317 million in net inflows while most competing […]
Elliott Wave Technical Analysis: Uniswap Crypto Price News For Thursday, Oct 24
Image Source: UpsplashElliott Wave Analysis TradingLounge Daily ChartUniswap/ U.S. dollar(UNIUSD)UNIUSD Elliott Wave Technical AnalysisFunction: Counter trendMode: CounterStructure: Double CorrectivePosition: Wave (Y)Direction Next higher Degrees: wave ((E)) of ImpulseWave Cancel invalid Level:Details: Movement within the Triangle pattern May is complete and the price increase again.Uniswap/ U.S. dollar(UNIUSD)Trading Strategy: The correction in wave ((2)) seems to be over so we […]
Real Shocks And Recessions
Image Source: PexelsAlex Tabarrok and Tyler Cowen are doing a series of podcasts on the economy of the 1970s. A few weeks back, I commented on one of their previous podcasts, which discussed the tricky problem of establishing causality for changes in inflation. Their most recent podcast discusses oil shocks and the business cycle, an area where causality is even […]
