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Japanese Yen Strengthens: Market Speculates over FX Intervention
Japanese Yen Strengthens: Market Speculates over FX Intervention
Jul 17, 2024
USD/JPY News and Analysis Further intervention suspected amid fresh bout of solid yen appreciationBoJ to weigh a potential hike at the end of the month as markets eye September for the Fed’s first cutUSD/JPY remains fraught with uncertainty but the magnitude and frequency of recent suspected intervention could keep USD/JPY largely rangeboundThe analysis in this article makes use of chart...
Dow and Nasdaq 100 losses slow, while Dax remains under pressure
Dow and Nasdaq 100 losses slow, while Dax remains under pressure
Jul 22, 2024
​​​Dow is holding on above 40,000 ​After two days of heavy losses, the index still remains above its previous highs, as investors brace themselves for a busy week of earnings. ​Further declines will target 40,080, and then down to rising trendline support from mid-June. Bulls will look for a revival back above 40,500 to suggest that a low has been...
Microsoft’s Q4 Earnings Preview: Growth Momentum on Watch
Microsoft’s Q4 Earnings Preview: Growth Momentum on Watch
Jul 18, 2024
Microsoft’s Q4 Earnings Preview: Growth Momentum on Watch When does Microsoft Corp report earnings? Microsoft Corp is set to release its quarter four (Q4) financial results on 30 July 2024 (Tuesday), after the US market closes. Microsoft’s earnings – what to expect Market expectations are for Microsoft’s upcoming 4Q 2024 revenue to grow 14.5% year-on-year to US$64.4 billion, up from...
UK Unemployment Remains at 4.4% as Jobs Data Reveals no Surprises
UK Unemployment Remains at 4.4% as Jobs Data Reveals no Surprises
Jul 18, 2024
UK Unemployment, Sterling Analysis UK unemployment rate remains at 4.4%, data prints largely in lineGBP/USD buoyed by stubborn services inflation, helped by recent USD declineThe analysis in this article makes use of chart patterns and key support and resistance levels. For more information visit our comprehensive education library Recommended by Richard Snow Get Your Free GBP Forecast UK Unemployment Rate...
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TREASURIES-US yields flat to slightly lower as market sets up for Fed meeting
TREASURIES-US yields flat to slightly lower as market sets up for Fed meeting
Jul 30, 2024
NEW YORK, July 30 (Reuters) - U.S. Treasury yields were little changed to modestly down on Tuesday in choppy trading, edging up from their lows, after a generally positive consumer confidence report and as a widely tracked jobs data continued to a show a resilient labor market. The reports, however, did not alter expectations that the Federal Reserve will flag...
EXPLAINER-Charting the Fed's economic data flow
EXPLAINER-Charting the Fed's economic data flow
Jul 30, 2024
(Updates with JOLTS data) July 30 (Reuters) - The Federal Reserve is expected hold its benchmark overnight interest rate steady in the 5.25%-5.50% range at the conclusion of its July 30-31 policy meeting, but also signal that rate cuts may begin as soon as the U.S. central bank's meeting in September. The decision will hinge on data between now and...
Top Midday Stories: June US Job Openings Drop; Merck Cuts 2024 Non-GAAP EPS Forecast; Pfizer Adjusted Earnings Fall; Procter & Gamble Net Sales Decline; S&P Global Reports Higher Results, Lifts Fiscal
Top Midday Stories: June US Job Openings Drop; Merck Cuts 2024 Non-GAAP EPS Forecast; Pfizer Adjusted Earnings Fall; Procter & Gamble Net Sales Decline; S&P Global Reports Higher Results, Lifts Fiscal
Jul 30, 2024
12:15 PM EDT, 07/30/2024 (MT Newswires) -- Wall Street's major market averages were mixed in midday trading Tuesday as the Federal Reserve's policy-setting Federal Open Market Committee began its two-day meeting and investors digested more corporate quarterly reports. In economic news, the Bureau of Labor Statistics said US job openings fell to 8.184 million in June from the 8.230 million...
South African rand gains, focus on Fed
South African rand gains, focus on Fed
Jul 30, 2024
JOHANNESBURG, July 30 (Reuters) - The South African rand gained on Tuesday as markets waited on the outcome of a U.S. Federal Reserve meeting on Wednesday which could give hints on its rate-cut timeline. At 1526 GMT, the rand traded at 18.35 against the dollar , about 0.5% stronger than its previous close, after tumbling against a stronger greenback on...
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Where Riskified Stands With Analysts
Where Riskified Stands With Analysts
Apr 9, 2024
Providing a diverse range of perspectives from bullish to bearish, 5 analysts have published ratings on Riskified ( RSKD ) in the last three months. Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 1 4...
Google unveils Arm-based data center processor, new AI chip
Google unveils Arm-based data center processor, new AI chip
Apr 9, 2024
SAN FRANCISCO, April 9 (Reuters) - Google on Tuesday revealed the details of a new version of its data center artificial intelligence chips and announced an Arm-based based central processor. WHY IT'S IMPORTANT Google's tensor processing units (TPUs) are one of the few viable alternatives to the advanced AI chips made by Nvidia ( NVDA ) , though developers can...
The Analyst Verdict: American Eagle Outfitters In The Eyes Of 9 Experts
The Analyst Verdict: American Eagle Outfitters In The Eyes Of 9 Experts
Apr 9, 2024
Providing a diverse range of perspectives from bullish to bearish, 9 analysts have published ratings on American Eagle Outfitters ( AEO ) in the last three months. The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total...
ASML Holding Options Trading: A Deep Dive into Market Sentiment
ASML Holding Options Trading: A Deep Dive into Market Sentiment
Apr 9, 2024
Whales with a lot of money to spend have taken a noticeably bullish stance on ASML Holding ( ASML ). Looking at options history for ASML Holding ( ASML ) we detected 11 trades. If we consider the specifics of each trade, it is accurate to state that 54% of the investors opened trades with bullish expectations and 45% with...
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Nokia Reshuffles Communications Team, Names  Former Finnish Diplomat to Leadership Post
Nokia Reshuffles Communications Team, Names Former Finnish Diplomat to Leadership Post
Oct 18, 2024
06:47 AM EDT, 10/18/2024 (MT Newswires) -- Nokia ( NOK ) said Friday that former Finnish ambassador to the US Mikko Hautala has been appointed chief geopolitical and government relations officer, effective Nov. 1, and Louise Fisk has been promoted to chief communications officer, effective immediately. Both have also been named to the group leadership team. Nokia Technologies President Jenni...
Comerica Q3 Adjusted Earnings, Revenue Decline
Comerica Q3 Adjusted Earnings, Revenue Decline
Oct 18, 2024
06:52 AM EDT, 10/18/2024 (MT Newswires) -- Comerica ( CMA ) reported Q3 adjusted earnings Friday of $1.37 per diluted share, down from $1.76 a year earlier. Analysts polled by Capital IQ expected $1.16. Revenue for the quarter ended Sept. 30, expressed as the sum of net interest income and total noninterest income was $811 million, down from $896 million...
Cloudflare Opens New Headquarters in Lisbon to Support EMEA Operations
Cloudflare Opens New Headquarters in Lisbon to Support EMEA Operations
Oct 18, 2024
06:38 AM EDT, 10/18/2024 (MT Newswires) -- Cloudflare Inc ( NET ) said Friday that it opened a new headquarters and technical hub in Lisbon, Portugal to support its growing EMEA network which currently spans 58 cities. The company said it opened its first office in Lisbon in 2019, since which it has grown from 14 employees to more than...
Alphabet Names Prabhakar Raghavan as Google's Chief Technologist
Alphabet Names Prabhakar Raghavan as Google's Chief Technologist
Oct 18, 2024
06:40 AM EDT, 10/18/2024 (MT Newswires) -- Alphabet (GOOG, GOOGL) said in a Thursday filing that Prabhakar Raghavan was appointed to Google's ( GOOG ) newly created role of chief technologist. According to the filing, Raghavan will transition to the new role from senior vice president for knowledge and information. Price: 165.02, Change: +0.51, Percent Change: +0.31 ...
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