Category: Markets
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Selling season, election ahead, but keep an eye on ’25, says Wells Fargo By Investing.com
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Wells Fargo strategists believe investors should brace for more market volatility as the selling season approaches, which will be exacerbated by the upcoming election cycle. Historically, the period from late summer to early fall has been marked by significant declines in the stock market. Over the past seven years, the…
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Selling season, election ahead, but keep an eye on ’25, says Wells Fargo By Investing.com
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Wells Fargo strategists believe investors should brace for more market volatility as the selling season approaches, which will be exacerbated by the upcoming election cycle. Historically, the period from late summer to early fall has been marked by significant declines in the stock market. Over the past seven years, the…
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Dollar strengthens versus yen as BOJ strikes cautious stance on rate hikes By Reuters
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By Chibuike Ojoh and Linda Pasquini NEW YORK/LONDON (Reuters) – The dollar rose against the yen on Friday to a two-week high after the Bank of Japan left interest rates unchanged and signaled it was in no rush to raise them again. Bank of Japan Governor Kazuo Ueda said at…
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AUDUSD dips to moving average support. What next technically?
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The AUD/USD pair rose and tested a swing high near 0.6823 in the Asian and European sessions. The price then declined as stocks fell in early US trading. However, as the AUD/USD pair approached its rising 100-hour moving average at 0.6778, buyers returned and halted the decline. Why is this…
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AUDUSD dips to moving average support. What next technically?
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The AUD/USD pair rose and tested a swing high near 0.6823 in the Asian and European sessions. The price then declined as stocks fell in early US trading. However, as the AUD/USD pair approached its rising 100-hour moving average at 0.6778, buyers returned and halted the decline. Why is this…
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Investors should de-risk ahead of US elections, BCA says By Investing.com
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Investing.com – As the U.S. prepares for the expected 2024 elections, BCA Research advises investors to take precautions and reduce risks in their portfolios. The financial landscape looks uncertain due to the economic slowdown, geopolitical tensions and the potential for market volatility in the run-up to November. Although the BCA…
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Japan top FX diplomat says watching for any build-up of yen carry trades, NHK reports By Reuters
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TOKYO (Reuters) – Japan’s top currency diplomat Atsushi Mimura said in an interview broadcast on Friday that authorities are “always monitoring markets” while renewed yen trading could increase market volatility, public broadcaster NHK reported. Mimura said that yen trades built up in the past are likely to be mostly liquidated,…
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Japan top FX diplomat says watching for any build-up of yen carry trades, NHK reports By Reuters
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TOKYO (Reuters) – Japan’s top currency diplomat Atsushi Mimura said in an interview broadcast on Friday that authorities are “always monitoring markets” while renewed yen trading could increase market volatility, public broadcaster NHK reported. Mimura said that yen trades built up in the past are likely to be mostly liquidated,…
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How to play the AI Enterprise Software revolution By Investing.com
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Investing.com – The enterprise AI software revolution is transforming business operations, and companies are increasingly positioning themselves to take advantage of the trend. In a recent note, Truist Securities analysts highlighted that companies are integrating AI technologies across their software stacks to enhance productivity, data management, and cybersecurity. At the…
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GBPUSD holds the 1.3265 level on the downside. Bounces
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In the introductory video earlier today, I highlighted key levels for the GBP/USD pair. On the downside, the 1.3265 level has been a major support. Looking at the price action of GBP/USD since then (see chart below), the low for the day was 1.32676, just 2 pips below the targeted…
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X names Brazil legal representative as it fights ban in the country By Reuters
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BRASILIA (Reuters) – Elon Musk’s social media company X has appointed a legal representative in Brazil, lawyers for the company said on Friday, a move that would address one of the demands imposed by Brazil’s Supreme Court to allow the company to operate in the country. Andre Zonaro and Sergio…
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NASDAQ index down 100 points or -0.55%
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The Nasdaq fell -100 points or -0.55%. The price returned to the downside to test yesterday’s low of 17909.75. Earlier in the day, the price fell below this level on its way to closing the gap between Wednesday and Thursday (i.e. Wednesday’s high). Buyers came in near the level and…
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NASDAQ index down 100 points or -0.55%
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The Nasdaq fell -100 points or -0.55%. The price returned to the downside to test yesterday’s low of 17909.75. Earlier in the day, the price fell below this level on its way to closing the gap between Wednesday and Thursday (i.e. Wednesday’s high). Buyers came in near the level and…
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Natera co-founder sells over $2.8 million in company stock By Investing.com
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In a recent transaction, Sheena Jonathan, co-founder of Natera, Inc. (NASDAQ:), a leading personal genetic testing and diagnostics company, sold a significant amount of the company’s stock. The total sale, which took place on September 18, 2024, was more than $2.8 million. The transactions involved the sale of several blocks…
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EURUSD held the support outlined in the morning kickstart video and bounced. What next?
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Earlier today, in my introductory video, I highlighted the next major support level for the EUR/USD. This level was shown and highlighted between 1.1131 and 1.11399. Here is the clip… So what happened? Below is the chart of today’s price action. The price did not stop lower between the level…
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Eliem therapeutics executive sells over $9,000 in company stock By Investing.com
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According to a new filing with the U.S. Securities and Exchange Commission, Emily Pimblett, chief accounting officer of Eliem Therapeutics, Inc. (NASDAQ:ELYM), recently sold a portion of her company’s stock. The transactions, which took place on September 20, 2024, involved the sale of 1,182 shares at $8.18 each and 9…
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Eliem therapeutics executive sells over $9,000 in company stock By Investing.com
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According to a new filing with the U.S. Securities and Exchange Commission, Emily Pimblett, chief accounting officer of Eliem Therapeutics, Inc. (NASDAQ:ELYM), recently sold a portion of her company’s stock. The transactions, which took place on September 20, 2024, involved the sale of 1,182 shares at $8.18 each and 9…
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Qualcomm has approached Intel about a takeover in recent days
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Intel shares rose 5.82% after reports from the Wall Street Journal that Qualcomm approached the company about acquiring it in recent days. Intel shares are down in 2024 from a year-end close of $50.25. The current price is up $1.23, or 5.82%, at $22.37 in volatile trading. The year-to-date low…