Jefferies analyst Philippe Houchois bumped his price target on Ford to $25 per share, but lowered his rating to ‘hold’ as the carmaker ramps-up its electric vehicle push. Ford Motor (F) – Get Ford Motor Read more…
The Australian dollar is in positive territory for a second straight day. In the European session, AUD/USD is trading at 0.7233, up 0.30% on the day. On the fundamentals front, Australian employment numbers were sharp. Read more…
Wall Street ends lower again but China rate cut calms nerves US yields pull back, knocking the wind out of the dollar Gold hits two-month high, ECB minutes and Netflix earnings eyed Mood improves, slightly Read more…
United Airlines said Omicron concerns will likely hit near-term demand, but the carrier sees a firmer rebound into the second half of the year. United Airlines (UAL) – Get United Airlines Holdings, Inc. Report shares moved Read more…
Stocks futures bounce after tech falls into correction territory; China makes its second rate cut of the week as the PBOC is urged to ‘hurry up’ and support growth; United Airlines posts a narrower Q4 Read more…
GBPJPY has been in a trading range since early January without being able to indicate a clear direction. Moreover, the pair has recently crossed below its 50-period simple moving average (SMA), indicating that negative forces Read more…
Microsoft’s (MSFT) – Get Microsoft Corporation Report acquisition of embattled video gaming company Activision Blizzard (ATVI) – Get Activision Blizzard, Inc. Report is a good move for the software behemoth, argues Stephen “Sarge” Guilfoyle. Microsoft CEO Satya Read more…
Eurozone CPI was finalized at record 5.0% yoy in December, up from November’s 4.0%. Core CPI was finalized at 2.6% yoy. The highest contribution to came from energy (+2.46%), followed by services (+1.02%), non-energy industrial Read more…
EURGBP has adopted a softer negative trajectory since January 5, something also being reflected in the calmed slope of the 50-period simple moving average (SMA). Nonetheless, the longer-term SMAs continue to defend the bearish trend Read more…
WTI oil futures (March delivery) are marking their fifth consecutive bullish week. Having fully recovered from November’s sell-off, the price managed to print a new seven-year high at 86.77 on Wednesday but a close above Read more…