Tag: trading

February 1, 2024

Mastercard is preparing for a speedy rollout of services in the “massive economy” of China, Mastercard’s CEO said on a call with analysts Wednesday. Mastercard, the second-largest U.S. card network, is on track to launch services in China in the […]

February 1, 2024

The Federal Reserve concluded earlier this week its first meeting of 2024, voting to maintain its policy settings unchanged. The FOMC also abandoned its tightening bias, but indicated it will not rush to cut borrowing costs. Chairman Powell went a […]

January 31, 2024

Regional U.S. bank stocks sank on Wednesday, dragged by a 38% plunge in the shares of New York Community Bancorp (NYSE:NYCB) after it cut its dividend and posted a surprise loss, renewing fears over the health of similar lenders. The […]

January 31, 2024

​The tech giant saw a staggering 194% jump in its stock price in 2023, a testament to the company’s robust performance in key areas such as user growth, engagement, and monetization—all achieved with a leaner operation. ​The surge in Meta’s […]

January 26, 2024

US core PCE showed good progress towards the Fed reaching its desired level of inflation after printing its lowest since figure since Q1 2021. The Fed’s 2% target however, is attached to the PCE Price Index which revealed the difficulty […]

January 24, 2024

Microsoft (NASDAQ:MSFT)’s stock market value crossed the $3 trillion milestone for the first time on Wednesday, retaining its place as the world’s second most valuable company, just behind Apple. Microsoft and Apple shares (NASDAQ:AAPL) have been vying for the top […]

January 23, 2024

Asian shares rose on Wednesday on optimism that Chinese authorities will offer support for its stock markets, which have plummeted to multi-year lows, while a hawkish tilt from the Bank of Japan lifted the yen. The MSCI’s broadest index of […]

January 22, 2024

In the rapidly evolving online grocery sector, Instacart (NASDAQ:CART), operating under the ticker EXCHANGE:CART, has garnered significant attention from Wall Street analysts. These industry experts have been closely monitoring the company’s performance, market trends, and potential impacts of external factors […]

January 22, 2024

In the world of athletic apparel and footwear, few names carry the weight and recognition of Nike , Inc. (NYSE: NYSE:NKE). With a history of dominating the market through innovation and strategic branding, Nike has become synonymous with sports and […]

January 19, 2024

EUR/USD lacked directional conviction on Friday, holding above its 200-day simple moving average at 1.0840. To boost sentiment towards the euro, this floor must remain intact, as a breach may lead to a decline towards 1.0770. If weakness persists, all […]

January 19, 2024

Shiba Inu currently displays an ascending triangle pattern on the SHIB/USDT chart. This technical formation is widely recognized and could be a signal to a significant price surge for the meme. An ascending triangle is characterized by a flat upper […]

January 9, 2024

France stocks were mixed after the close on Tuesday, as gains in the Consumer Services, Healthcare and Industrials sectors led shares higher while losses in the Oil & Gas, Basic Materials and Aerospace & Defense sectors led shares lower. At […]

January 8, 2024

Bitcoin ETF fever is pushing the price of the largest cryptocurrency by market capitalization back to highs last seen in April 2022. At least 10 companies have handed in amended and updated Bitcoin ETF applications and are waiting to hear […]

January 3, 2024

A bearish report by crypto financial services company Martixport is said to be behind the sharp sell-off in Bitcoin. The report suggested that despite all the recent meetings between ETF applicants and SEC staff, and subsequent amendments, all applications will […]

January 3, 2024

Europe’s benchmark stock index dropped to a three-week low in a broad-based sell-off on Wednesday, testing 2023’s rally spurred by hopes of major central banks pivoting to easier monetary policy this year. The pan-European STOXX 600 ended 0.9% lower, hitting […]

December 29, 2023

The British pound found some support this Friday, the final trading day of 2023. UK housing price data (see economic calendar below) showed little change from the November read, albeit a marginal improvement. Coupled with a weaker than expected US […]

December 27, 2023

The U.S. stock market exhibited a cautious stance as it hovered near all-time highs, reflecting a blend of optimism and apprehension among investors. The S&P 500’s proximity to its record level stirred a debate about the market’s next direction amid […]

December 22, 2023

According to Barclays strategists, the equities market is poised for a positive year in 2024, driven by the prospect of lower interest rates prompting increased cash deployment. The team suggests that a pause in the equity markets would be logical […]

December 14, 2023

The U.S. dollar, as measured by the DXY index, extended its retracement on Thursday, sinking below that 102.00 mark and reaching its lowest level since early August. This selloff was the result of the collapse in U.S. Treasury yields, triggered […]

December 12, 2023

The U.S. dollar could face increased volatility in the coming days, courtesy of several high-impact releases on the economic calendar, although the most important risk event for financial markets will likely be the FOMC decision, particularly with the November Consumer […]