Latest Market News
Baker Hughes [s: bkr] on Friday reported that the number of active U.S. rigs drilling for oil rose by eight to 610 this week. That followed a decline of two in the previous week. The total active U.S. rig count, which includes those drilling for natural gas, climbed by seven to 769, according to Baker […]
EURUSD, “Euro vs US Dollar” EURUSD has fixed above the resistance level. The instrument is currently moving inside Ichimoku Cloud, thus indicating a sideways tendency. The markets could indicate that the price may test the cloud’s upside border at 0.9815 and then resume moving downwards to reach 0.9475. Another signal in favour of a further […]
EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, after forming a Shooting Star reversal pattern close to the resistance area during the pullback, EURUSD may reverse in the form of a new descending wave. In this case, the downside target may be at 0.9595. However, an alternative scenario implies that […]
First Republic Bank FRC, -14.21% stock fell 10% Friday in the weakest share price reaction among four regional banks that reported earnings. While First Republic’s third-quarter earnings of $2.21 beat the target of $2.18 a share, its net interest income looking ahead is running about 4 basis points behind the forecast for growth of 2.75%, […]
The Dow Jones Industrial Average’s DJIA, -0.50% top-two gaining stocks Friday are those of the companies that reported third-quarter earnings, with the gains enough to keep the blue chip barometer positive despite weakness in the broader stock market. UnitedHealth Group Inc.’s stock UNH, +1.79% ran up $15.31, or 3.0%, in morning trading and JPMorgan Chase […]
Businesses increased inventories, or products waiting to be sold, by 0.8% in August. Economists polled by The Wall Street Journal had forecast a 0.9% increase. Rising inventories add to gross domestic product and usually reflect an expanding economy. The government said sales rose a smaller 0.3% in the month, however. As a result, the ratio of inventories […]