Focus Turns to US Job and Services Data and Coronavirus Fears Recede
The financial markets seem to have stabilized from coronavirus fears. Following the strong rebound in US stocks overnight, Asian indices are also trading generally higher. Yen and Swiss Franc continue to trade as two of the weakest for the week....
Market Morning Briefing: Euro Is Holding Well Below Resistance At 1.11
STOCKS A strong follow-up rally on all major indices has reduced our concern of the strength of the current bounce-back move that we had citied yesterday. The danger of seeing any further sharp fall has reduced now and the bias...
NZ Labour Market Review, December Quarter 2019
The unemployment rate fell to 4.0% in the December quarterly, equalling its lowest level since 2008. The details of the survey weren’t entirely positive, with weak employment growth and falling labour force participation. Nevertheless, there was a clear message that...
Stocks making the biggest moves after hours: Ford, Snap, Match Group and more
Visitor walk past a Ford Escape Titanium at the Shanghai Auto Show in Shanghai on April 17, 2019. Greg Baker| AFP | Getty Images Check out the companies making headlines after the bell: Ford – The automaker’s stock dropped 10%...
China’s Efforts Make Virus Selloff Take a Day Off
China’s efforts make virus selloff take a day off, AUD rises post RBA, BOE bets price no cuts following construction data, Oil hits rock bottom, Gold falls Global indexes are positive, commodities are showing signs of life, yet the virus...
Stock market live updates: Dow up big, Tesla’s parabolic move, Alphabet missing out
Tesla CEO Elon Musk speaks during the unveiling of the new Tesla Model Y in Hawthorne, California on March 14, 2019. Frederic J. Brown | AFP | Getty Images This is a live blog. Check back for updates. 9:31 am:...
EURAUD Bears Face Big Challenge at 1.6430
EURAUD held in losses for the second day in a row after flirting with a fresh five-month peak of 1.6590. The drop to the 23.6% Fibonacci retracement level of the upward move from 1.5340 – 1.6790 and near the 1.6430...
Coronavirus: Dividend futures – the Nostradamus trade
Most European banks have indicated that they will suspend dividend payments after the Bank of England followed the European Central Bank in discouraging payouts to shareholders while the coronavirus crisis rages. The list of non-bank companies suspending their dividends is...
Yen and Franc Turns Softer as Markets Stabilized from Coronavirus Fears
Yen and Swiss Franc turn softer today as global markets rebound. China’s coronavirus seems to be suddenly off investors mind, at least temporarily. Meanwhile, Australian Dollar is the strongest one for today, as partly supported by RBA’s hold, as well...
Twitter Stock Pauses Above Uptrend Line, Loads For Next Direction
Twitter stock is currently consolidating around 32.68 – which is the 23.6% Fibonacci retracement of the down leg from 45.81 to 28.60 – capped by the 20-day simple moving average (SMA) and supported by the 50-day SMA and uptrend line...
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