Day: October 4, 2022

Oct 04
GBPJPY Wave Analysis – 4 October, 2022

• GBPJPY reversed from support level 156.00 • Likely to rise to resistance level 168.00 GBPJPY currency pair recently reversed up from the key support level 156.00 (lower boundary of the sideways price range inside which the pair has been trading from April). The upward reversal from the support level 156.00 started the active medium-term […]

Oct 04
CADJPY Wave Analysis – 4 October, 2022

• CADJPY reversed from support level 104.90 • Likely to rise to resistance level 107.25 CADJPY currency pair recently reversed up from the key support level 104.90 (former resistance from the start of March), lower daily Bollinger Band and the 50% Fibonacci correction of the upward impulse from May. The upward reversal from the support […]

Oct 04
Bitcoin price sees first October spike above $20K as daily gains hit 5%

BTC price action sees a new October peak amid a declining U.S. dollar and a successful prior day’s trading for U.S. equities. 2432 Total views 53 Total shares Bitcoin (BTC) saw its first trip above $20,000 on Oct. 4 as traders expected familiar resistance to cap gains. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Multi-week […]

Oct 04
S&P 500, Dow head for longest stretch of outsize moves since April 2020

U.S. stocks are trading near their highest levels of the day heading into the final hour of Tuesday’s session as the market kicks off the fourth-quarter with what are shaping up to be the biggest back-to-back gains for the Dow Jones Industrial Average in two-and-a-half years. In a testament to how hectic markets have been […]

Oct 04
Investment Bank Outlook 04-10-2022

BNY Mellon RBNZ Might Run Out of Room The Reserve Bank of New Zealand is expected to hike its policy rate by another 50bp this week, but the market has long since given up on using the NZD as one of the proxies for advanced policy expectations generating currency performance. Be it liquidity preference or […]

Oct 04
Daily Market Outlook, October 4, 2022

Daily Market Outlook, October 4, 2022 Overnight Headlines UN Calls On Fed, Other Central Banks To Halt Interest-Rate Increases Fed’s Barkin: Permanent Shifts In Inflation Could Mean More Volatile Policy Fed’s Williams: Fed Is Cooling Inflation But Underlying Pressures Still Strong BoE’s Mann: Concerned About Upward Drift In Inflation Expectations UK Chancellor To Bring Forward […]

Oct 04
Starwood Capital in deal with EV charging company EnviroSpark to add 400 charging stations at 80 multi-family home properties

Starwood Capital Group, manager of the Starwood Property Trust STWD, +7.27% commercial mortgage real estate investment trust, said Tuesday it has signed an agreement with privately held electric vehicle charging company EnviroSpark to bring more than 400 charging stations to 80 multi-family home properties owned by Starwood across the U.S. The chargers will be installed […]

Oct 04
Hasbro stock dives after downbeat quarterly revenue outlook, lowered full-year view

Shares of Hasbro Inc. HAS, +0.13% took a midday dive into the red, then bounced back into the green, after the toy maker provided a downbeat third-quarter revenue outlook and cut its full-year outlook. After being up as much as 6.2% in morning trading, the stock dropped as much as 3.3% after the outlook update, […]

Oct 04
Dow soars toward best 2-day gain in 2 1/2 years

The Dow Jones Industrial Average DJIA, +2.19% bulled 750.52 points, or 2.5% higher, in midday trading Tuesday with all 30 components trading higher. Together with Monday’s 765.38-point gain, the two-day rally of 1,516.59 points puts the blue-chip barometer on track for the best two-day performance since it climbed a total of 1,601.33 points on April […]

Oct 04
Ray Dalio has given up control of Bridgewater

Steven Goldstein is based in London and responsible for MarketWatch’s coverage of financial markets in Europe, with a particular focus on global macro and commodities. Previously, he was Washington bureau chief, directing MarketWatch’s economic, political and regulatory coverage. Follow Steve on Twitter: @MKTWgoldstein.