Amazon threw tech stocks a life-line late Thursday as its cloud division helped deliver stronger-than-expected fourth quarter earnings and it unveiled a 17% increase in its annual Prime membership costs. Amazon (AMZN) – Get Amazon.com, Read more…
Snap said it was able to transition from Apple’s privacy changes ‘more quickly’ than expected, helping it boost Q4 sales and user growth in its message app business. Snap (SNAP) – Get Snap, Inc. Class Read more…
Stock futures mixed ahead of January jobs report; Amazon shares rocket after Q4 earnings beat, Prime price hike; Ford shares slide as supply chain woes clip Q4 earnings; Snap soars as app maker transitions from Read more…
UK PMI Construction rose from 54.3 to 56.3 in January, above expectation of 54.3. Markit said the sector gained momentum after subdued end to 2021. Commercial activity helped to offset weaker rise in house building. Read more…
Nonfarm payrolls likely to disappoint, might even turn negative ECB opens door for rate hikes and faster taper, euro soars BoE raises rates, announces balance sheet reduction Weak payrolls unlikely to keep dollar down The Read more…
GBPJPY has recorded eight consecutive green candles after rebounding off the simple moving averages (SMAs), but the positive drive has diminished significantly following the breach of the 156.00 level. Nonetheless, the gradual incline in the Read more…
The Euro continues to trend higher for the fifth straight day, with extension of Thursday’s post-ECB 1.2% rally, pressuring key 1.1500 resistance zone (Jan 14 lower top / 200WMA). The single currency was boosted by Read more…
The Canadian dollar recovers over growing risk appetite. A fall below the demand zone around 90.60 weighed on sentiment as the loonie struggled to make a higher high. The pair found support at 89.70 in Read more…
The pound popped higher after the BOE raised interest rates to 0.5%. The latest rebound above the resistance at 1.3520 has prompted sellers to cover. Then the rally is accelerating towards 1.3660 which is a Read more…
The euro soared as traders bet that persistent inflation could force the ECB to act sooner than later. A break below the daily support at 1.1300 had put the single currency under pressure. However, a Read more…