Day: October 27, 2022
EURUSD, “Euro vs US Dollar” The pair has reached the local goal of the wave of growth at 1.0090. Today the market is forming a consolidation range under this level. The range may extend upwards to 1.0157. After this level is reached, a wave of decline should start to 0.9855. GBPUSD, “Great Britain Pound vs […]
USDCHF, “US Dollar vs Swiss Franc” On H4, the quotes have broken through the 200-day Moving Average and are now below it, which indicates possible development of a downtrend. However, the RSI is nearing the oversold area. As a result, we should expect a decline to the nearest support at 4/8 (0.9765), after which correctional […]
Shares of Altra Industrial Motion Corp. AIMC, +48.37% rocketed 48.1% toward an 11-month high in premarket trading Thursday, after the electromechanical power transmission motion controls company announced an agreement to be acquired by Regal Rexnord Corp. RRX, -12.81% in a cash deal with an enterprise value of $4.95 billion. Regal’s stock was still untraded in […]
The Chinese city of Wuhan, where the coronavirus pandemic first started, has been locked down again as China moves to halt a widening outbreak of cases, Reuters reported. China on Thursday reported a third straight day of more than 1,000 new COVID cases nationwide, a modest tally compared with the tens of thousands per day […]
LKQ Corp. LKQ, +2.75% said Thursday that it raised its quarterly dividend by 10.0%, and boosted its stock repurchase program by $1 billion. The auto parts company’s new dividend of 27.5 cents a share, up from 25.0 cents a share will be payable Dec. 1 to shareholders of record on Nov. 17. Based on Wednesday’s […]
Danske Bank DANSKE, +12.05% shares surged 11% — the top performing Stoxx Europe 600 component — after booking an additional provision of 14 billion kronor ($1.9 billion) for potential fines from U.S. and Danish authorities over money laundering in Estonia. “Our dialogue with the authorities is ongoing, and while there is still uncertainty that a […]
William Watts is MarketWatch markets editor. In addition to managing markets coverage, he writes about stocks, bonds, currencies and commodities, including oil. He also writes about global macro issues and trading strategies. During his time at MarketWatch, Watts has served in key roles in the Frankfurt, London, New York and Washington, D.C., newsrooms. Source: Marketwatch
Oil futures settled higher on Thursday, stretching their gains into a third straight session on the back of U.S. GDP data showing that the nation’s economy grew at an annual 2.6% pace in the third quarter, following two straight quarters with declines. U.S. benchmark West Texas Intermediate crude for December delivery CLZ22, +1.06% rose $1.17, […]
Shares of Amazon.com Inc. AMZN, -4.11% sank 4.6% in afternoon trading, and has now lost 8.6% in two days, as investors prepped for the ecommerce giant’s third-quarter results after the closing bell. The stock has declined the day after results were reported 6 times in the last 8 quarters, with an average decline of 5.1% […]
Gold futures declined on Thursday, a day after prices posted their highest finish in nearly two weeks. The precious metal saw prices drop after a better-than-expected U.S. GDP number, with the thinking being that a more robust growth number would strengthen the Federal Reserve’s “resolve to keep hiking” interest rates, said Brien Lundin, editor of […]
