Stocks making the biggest moves midday: Twitter, Facebook, Apple, Amazon & more
Check out the companies making headlines in midday trading. Twitter – Shares dropped more than 20% after the social media company reported user growth that fell short of expectations amid heightened scrutiny and the challenge of handling posts around the U.S....
Week Ahead – US Election, Three Central Banks, and Nonfarm Payrolls
It is probably the busiest week ever for markets. The US presidential election will eclipse everything else, but there are several other crucial events like a Fed meeting and nonfarm payrolls to follow the main dish. The Bank of England...
Will US Dollar Reverse After Month End? DXY, Gold
Today is the last trading day in October, and the US Dollar has been bought over the last few day into month end, which may conclude after the London fix (11:00am ET). What happens then? Will the US Dollar reverse...
Traders Calm ahead of Pre-Election Weekend, Dollar Pares Gains
Investors are rather calm just ahead of the pre-election weekend. European indices quickly pare back initial losses, while DOW future is down not as much before open. Dollar is also giving up some of this week’s gains, despite pretty solid...
U.S Futures Sliding – Watch AAPL, AMZN, FB, GOOGL, TWTR
The S&P 500 Futures are back in the red after they rebounded yesterday as investors were encouraged to see more signs in U.S. economic recovery. Later today, the U.S. Commerce Department will report September personal spending (+1.0% on month expected)...
GBP/USD Revealed Descending Channel
The USD/GBP exchange rate has revealed a short-term descending channel. From a theoretical perspective, it is likely that the currency pair could continue to trade downwards within the given channel in the short term. The pair could re-test the lower...
USD/JPY Trades At 104.40
Yesterday, the USD/JPY currency pair touched the 104.70 level. During Friday morning hours, the pair re-tested the support level formed by the weekly and monthly S1s at 104.13. It is likely that the exchange rate could gain support from the...
XAU/USD Could Trade Downwards
On Thursday, the XAU/USD exchange rate declined to the 1,865.00 mark. Given that yellow metal is pressured by the 55-hour moving average near 1,880,50, it is likely that some downside potential could prevail in the market within the following trading...
DJI 30 Price Swings And Waves Before US Elections
This article reviews the potential ABC (orange) correction and how deep the retracement can go with the U.S. Presidential elections around the corner. A strong bullish bounce (blue arrow) could confirm the uptrend. A bear flag (green arrow) could indicate...
NZD/USD Analysis: Two Scenarios Likely
The NZD/USD currency pair is currently trading in a narrow descending channel pattern. The New Zealand Dollar declined by 65 pips or 0.98% against the US Dollar during yesterday’s trading session. Technical indicators suggest that bears are likely to continue...
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