Category: Strong
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Technical Indicators Show Strong Bitcoin Bullishness
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Bitcoin for sure It was executed on the upside. Over the past three weeks, many investors have now become convinced of a full comeback. Rising priceVarious technical indicators support this surge in optimism. Among these indicators is the tick bar, which highlights the positive momentum of Bitcoin’s price. Related reading…
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Strong Consumer Spending And Private Inventories Boosted U.S. GDP in Q2
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The preliminary estimate of US GDP for the second quarter of 2024 showed Economy grows by 2.8%This is much faster than the expected 2.5% increase and almost double the downwardly revised 1.4% growth in the previous quarter! The Ministry of Commerce explained that the acceleration in growth from the first…
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Citi sees potential for USD/JPY tactical longs amid strong US GDP data By Investing.com
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Citigroup highlighted the key support level for the Japanese yen against the US dollar, noting that the pair maintained its position above the 152 level. This level was previously identified as an important resistance point throughout 2022 and early 2023, and served as a crucial breakout area in 2024. Additionally,…
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UK data shows continued strong wage growth
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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Sheila Jackson Lee, strong Democratic voice in US Congress, has died, family says By Reuters
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(Reuters) – U.S. Representative Sheila Jackson Lee, a powerful progressive voice in the Democratic Party who was outspoken in advocating for African-American and women’s rights, has died, her family announced on Twitter late on Friday. Jackson Lee of Texas announced last month that she had been diagnosed with pancreatic cancer…
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TSMC set to report strong profit; stock pressured by Trump comments By Reuters
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TAIPEI (Reuters) – Taiwan Semiconductor Manufacturing Co., the dominant producer of advanced chips used in artificial intelligence applications, is expected to report a 30 percent jump in second-quarter profit on Thursday on surging demand. The world’s largest contract chipmaker, whose clients include Apple (NASDAQ:) and Nvidia (NASDAQ:), has benefited from…
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These Stock Winners Are ‘Strong Buys’ With More Room Left to Run
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Last year was a strong bull market, and so far this year stocks are continuing their winning streak. A quick look at the Nasdaq shows a 30% gain over the past 12 months, while the S&P 500 is up 25% over the same period. It’s an environment that has investors…
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Gilead Sciences stock upgraded by Raymond James on strong growth outlook for new drugs By Investing.com
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On Monday, Raymond James changed its stance on Gilead Sciences Inc. (NASDAQ:GIL) stock, upgrading it from “market perform” to “outperform.” The firm also set a $93.00 price target for the biopharmaceutical company. This update is bolstered by promising data from the PURPOSE-1 study of lenacapavir, a long-acting HIV pre-exposure prophylaxis…
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France’s elections see strong voter turnout amid uncertain outlook (NYSEARCA:EWQ)
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Sylvain Lefebvre/Getty Images News Large numbers of voters in France went to the polls in the first round of legislative elections called unexpectedly by President Emmanuel Macron this month, the New York Times reported on Sunday. Macron’s move is seen as a political gamble. This may herald the formation of…
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French Far Right Holds Strong Lead Ahead of Vote: What to Watch
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Breadcrumb trail links PMN Business President Emmanuel Macron’s decision three weeks ago to call early elections has upended any semblance of political stability in France and opened the door to the possibility of the formation of the first far-right government in the modern republic. Article writer: Bloomberg News William Horrobin…
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Fed’s Bowman: We have strong employment but haven’t quite reached our inflation goal
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High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience and risk tolerance. You may lose some or all…
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Strong networks are key to success for business owners
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There are many great reasons to start a business – research from American Express reveals that many entrepreneurs start their own business to have the freedom to run their business (51%), enjoy a better work-life balance (42%) and feel happier and more fulfilled (38% ). To ensure long-term business sustainability,…
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Arcadium Lithium surges as RBC starts as a buy, driven by strong production growth
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Omedia/E+ via Getty Images arcadium lithium (New York Stock Exchange: Altm) +12.7% In trading on Wednesday, RBC Capital rated the stock a new outperform with a $4 price target, saying the company offers investors “the most vertically integrated and diversified exposure to lithium and chemicals across our coverage.” The RBC…
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Credit’s Strong Run Stumbles for First Time This Year
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Breadcrumb links BMN Business Global corporate bond spreads are on track to turn in their first month of weakness since late last year, reigniting the debate over the relative value of credit versus other fixed income classes ahead of the second half of 2024. Article writer: Bloomberg News Finbar Flynn…
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Credit’s Strong Run Stumbles for First Time This Year
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Breadcrumb links BMN Business Global corporate bond spreads are on track to turn in their first month of weakness since late last year, reigniting the debate over the relative value of credit versus other fixed income classes ahead of the second half of 2024. Article writer: Bloomberg News Finbar Flynn…
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La-Z-Boy stock soars 10% on strong Q4 earnings report By Investing.com
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MONROE, MI – La-Z-Boy Incorporated (NYSE: NYSE:), a prominent player in the residential furniture market, reported a strong finish to its 2024 fiscal year, with fourth-quarter earnings and revenue exceeding analysts’ expectations. The company’s shares rose by 10% after this announcement. For the fourth quarter, La-Z-Boy reported adjusted earnings per…
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Dollar stays strong, political uncertainty saps euro By Reuters
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Written by Brigid Riley and Amanda Cooper TOKYO/LONDON (Reuters) – The dollar steadied on Monday, while the euro traded near its lowest levels in more than a month, as political turmoil in Europe increased the level of uncertainty among traders, while investors awaited more data to gauge the euro’s strength.…
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Crude Oil Technical Analysis – Strong comeback supported by the US NFP report
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Basic overview Despite OPEC+’s recent extension of voluntary production cuts, crude oil was sold off as the price broke support in the May range. However, the decline may only be technical as it gained bearish momentum on the breakout. The price eventually bottomed around the $73 area and erased all…
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Crypto market plunges $96b following strong US jobs report
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In the past 24 hours, the cryptocurrency market lost more than $96 billion as major cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH), faced corrections. Bitcoin, the leading cryptocurrency, saw a sharp decline to an intraday low of $68,507. At the time of writing, the cryptocurrency was priced at $69,321 –…
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Crude Oil Technical Analysis – Strong growth data boosts prices
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Basic overview The price of crude oil has declined steadily since it reached the $87.50 level following tit-for-tat reprisals between Iran and Israel. The decline came as a surprise as the market did not respond favorably to global growth expectations amid policy easing by China and other major central banks,…