US initial jobless claims rose 13k to 231k in the week ending November 11, above expectation of 222k. Four week moving average of initial claims rose 8k to 220k. Continuing claims rose 32k to 1865k Read more…
EURAUD bounces off 20-day SMA Momentum indicators confirm the weak momentum EURAUD has been developing within a trading range of 1.6440 to 1.6845 since August 23 with the short-term simple moving averages (SMAs) acting as Read more…
Australia’s employment jumps The Australian dollar is lower on Thursday. In the European session, AUD/USD is trading at 0.6492, down 0.27%. Australian employment jumps Australian employment was hotter than expected in October, as the economy Read more…
Gold regained traction on Thursday after three-day recovery was strongly rejected on Wednesday, remaining biased higher, although still capped under pivotal barriers at $1970/73 (50% retracement of $2009/$1931/20DMA). Wednesday’s bearish candle with long upper shadow Read more…
WTI oil price holds in red for the third straight day and pressuring pivotal Fibo support at $75.61 (61.8% retracement of $63.63/$95.00 rally) which was dented last week, but with triple failure to register close Read more…
Electric vehicle makers are busy producing and delivering their next SUVs or crossovers hoping to compete head on with Tesla’s Model Y, the best selling vehicle globally. Model Y became the world’s best-selling car with Read more…
Market picture On Wednesday, the crypto market experienced a new growth spurt, rising 4.6% in 24 hours to $1.44 trillion, updating highs since May 2022. Bitcoin and several altcoins returned to the highs they tested Read more…
Updated at 7:43 AM EST Walmart WMT posted better-than-expected third quarter earnings Thursday, while lifting its full-year profit forecasts, but hinted at near-term consumer spending softness that sent shares sharply lower in early Thursday trading. Walmart said Read more…
Microsoft MSFT shares moved higher in early Thursday trading after the tech giant detailed strategies to work more closely with AI developers at a key industry conference and analysts at Wedbush boosted the group’s price target. Microsoft Read more…
Cisco Systems CSCO shares tumbled lower Thursday after slashing its full-year revenue and profit forecasts amid muted demand for its network equipment as customers focus on installing and implementing previous orders. Cisco’s pared-backed sales forecast, which sees Read more…