HSBC analyst Erwan Rambourg lowered his rating on Nike to ‘hold’ from ‘buy’, citing weakness in China sales for the world’s biggest sports apparel group. Nike (NKE) – Get NIKE, Inc. Class B Report shares moved Read more…
Record deliveries, improving margins and ramped-up production should make Tesla one of the best-performing stocks of 2022, according to Goldman analyst Mark Delaney. Tesla (TSLA) – Get Tesla Inc Report shares were tabbed as a ‘top Read more…
Daily Pivots: (S1) 115.39; (P) 115.71; (R1) 115.89; More… USD/JPY’s pull back from 116.34 extends lower today but outlook is unchanged. Downside of retreat should be contained well well above 114.26 resistance turned support to Read more…
Yen rebounds notably as US futures take a dive just ahead of North American session, while European index also reverse earlier gains. While Dollar is dragged down by Yen, it’s somewhat still resilient against others. Read more…
The euro is in negative territory at the start of the new trading week. EUR/USD is trading around 1.1320 in the European session. Investment confidence up, unemployment down The week kicked off with positive European Read more…
The major currency pair is falling after demonstrating some growth last week. The asset is mostly trading at 1.1330. Market players are still processing the FOMC Meeting Minutes published last Wednesday. The document says that Read more…
Wall Street looks set to extend last week’s declines, with tech stocks leading to the downside, ahead of a key reading of December inflation, Jerome Powell testimony and the start of the fourth quarter earnings Read more…
EURUSD was higher on Friday, but stopped at key 78.6% Fib resistance so for now bearish interpretation is still valid and it may produce a really strong breakdown if we see a new impulse down Read more…
Grand Theft Auto maker Take-Two will pay $9.86 per share for Zynga in a deal that values the social gaming group at around $12.7 billion. Take-Two Interactive (TTWO) – Get Take-Two Interactive Software, Inc. Report said Read more…
The cryptocurrency market received moderate support from retail buyers over the weekend. Over the past 24 hours, the capitalisation of all coins rose 0.22%, according to CoinMarketCap, approaching $1.97 trillion. The top altcoins lost 11-19% Read more…