Day: June 11, 2022
Shares of NXP Semiconductor NV NXPI, -3.07% are up 8.7% in Thursday morning trading on heavy volume. The stock is on track for its largest single-day percentage gain since it rose 9.0% on March 15, 2021. Within the first hour of trading, NXP saw volume of more than 3.3 million shares, already above its average […]
The U.S. listed-shares of Ericsson ERIC, -5.88% slid 0.9% in afternoon trading Thursday, after the Sweden-based telecommunications equipment company said the regulatory investigation into its conduct in Iraq now includes the U.S. Securities and Exchange Commission. The company had previously disclosed that the U.S. Department of Justice was investigating its conduct in Iraq during the […]
Gold futures slipped on Thursday to end lower, after the European Central Bank outlined plans to raise interest rates in the region for the first time since 2011, in a bid to tame soaring European inflation. Gold for August delivery GCQ22, -0.02% GC00, -0.02% shed 0.2%, or $3.70, to settle at $1,852.80 an ounce on […]
Coty Inc. COTY, +1.15% said Friday it plans to “gradually” resume shareholder returns, as the fragrance and cosmetics company has made “substantial” progress in reducing debt and as its operational performance has strengthened. The company is entering into agreements with several banks to start hedging for a $200 million share buyback program that it plans […]
ASX Sinks 4%Another week comes to a close and we’re getting closer and closer to crossing over into H2. Markets have seen plenty of noteworthy action once again this week and it’s been a tricky one for FX traders. The week started out with decent risk appetite, seeing JPY firmly weaker while a shift into […]
Type: Bearish ReversalKey Levels:Resistance: 0.77977Pivot: 0.77256Support: 0.76337Preferred Case:On the H4, with MACD moving in a bearish momentum, we have a bearish bias that price will drop from our pivot at 0.77256 where the horizontal overlap resistance is to our 1st support at 0.76337 where the horizontal overlap support, 100% fibonacci projection and 50% fibonacci retracement […]
Smithfield Foods Inc., which is a unit of China’s WH Group Ltd. WHGLY, -3.81% 288, -2.60%, said Friday it will cease all harvest and processing operations in Vernon, Calif., in early 2023. “Smithfield is taking these steps due to the escalating cost of doing business in California,” the company said. The move is part of […]
A Food and Drug Administration advisory committee on Thursday voted 15-0 that the benefits of Bluebird Bio Inc.’s BLUE, +3.32% experimental gene therapy outweigh the risks for patients younger than 18 years old who are being treated for early cerebral adrenoleukodystrophy. Bluebird’s stock was halted on Thursday while the committee discussed and then voted on […]
Type: Bullish RiseKey Levels:Resistance: 813.35Pivot: 783.5 Support: 770.55Preferred Case:On the H4, with price moving above the ichimoku cloud, we have a bullish bias that price will rise from the pivot at 783.5 in line with the 61.8% fibonacci projection and pullback support and multiple swing high to the 1st resistance at 813.35 in line with […]
US CPI Up NextAhead of the weekend we have one last major data focus today; US May CPI. The release is drawing plenty of attention ahead of next week’s FOMC meeting. We’ve heard plenty of debate recently between Fed hawks and doves. On the one hand, hawks are sticking to the view that the Fed […]
