Morgan Stanley downgrades Caterpillar, says the stock is running ‘out of steam’
An employee assembles an excavator at the Caterpillar Inc. manufacturing facility in Victoria, Texas. Callaghan O’Hare | Bloomberg | Getty Images Caterpillar shares were downgraded Friday by an analyst at Morgan Stanley amid concerns around two of the industrial’s key...
XAU/USD Squeezed By Moving Averages
On Thursday, the XAU/USD exchange rate reversed south from the upper boundary of the medium-term descending channel at 1,497.30. During today’s morning, the rate was testing the support formed by the 55- and 100-hour SMAs at 1,489.29. From a theoretical...
USD/JPY Trades At 108.60
Since Thursday, the USD/JPY currency pair has been trading sideways at the 106.60 level. Given that the exchange rate is supported by the 100-hour moving average at 108.60, it is likely that some upside potential could prevail in the market....
GBP/USD Could Exceed 1.2900
Yesterday, the GBP/USD exchange rate failed to exceed the resistance level formed by the monthly R2 and the Fibo 38.20% at 1.2918. During Friday morning, the rate continued to test the given resistance. Note that the currency pair is supported...
EUR/USD Consolidated Near Weekly R2
On Thursday, the EUR/USD currency pair tried to surpass the resistance level formed by the weekly R2 at 1.1137. During today’s morning, the pair continued to test the given resistance. If the given resistance level holds, it is likely that...
AUD/USD Outlook: Aussie Extends Advance After RBA Governor Diminished Prospects For Rate Cut
The Australian dollar hit one-month high at 0.6842 on Friday, in extension of Thursday’s 1% rally, with fresh advance being sparked by more hawkish than expected remarks from RBA’s governor Lowe. Lowe said that implementation of negative interest rates in...
EU-UK Strike A Deal, Yet The Market Remains Cautious
At the 11th hour, the UK and the EU were able to strike a deal about Brexit, yet the market remained rather cautious after the release. It was indicative that the pound spiked upon the release of the news, yet...
Markets Shrug Poor China GDP, Aussie and Kiwi Firm
Australian and New Zealand Dollar are slightly firmer in Asian session today despite Chinese GDP miss. The stronger than expected industrial production growth ease some concerns over worse slowdown in Q4. Meanwhile, Sterling continues to consolidation in tight range, digesting...
GBPUSD Rally Fades
The British pound is starting to trade towards the 1.2850 level against the US dollar, after the pair hit its highest trading level since May 2019 on Thursday. A medium-term price high could be in place for sterling if UK...
Stocks making the biggest moves after hours: E-Trade, AT&T, Intuitive Surgical & more
Pedestrians pass in front of an E-Trade location in New York. Scott Mlyn | CNBC Check out the companies making headlines after the bell: Shares of E-Trade whipsawed during extended trade Thursday, initially climbing 4% before settling more than 1%...
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