Latest Market News
Shares of Fortinet Inc. FTNT, -0.02% were up 0.5% in Tuesday morning trading after BMO Capital Markets analyst Keith Bachman turned positive on the cybersecurity stock. Bachman sees “durable growth” ahead for the company, writing that, through calendar 2023, he expects Fortinet to sustain 20% revenue and Billings growth as well as free-cash-flow margins in […]
AUDUSD ignores bad forecasts for the Australian GDP. The Aussie is slowly growing against the USD on Tuesday. The current quote for the instrument is 0.6957. The local weakness of the American currency allows the Aussie to recover a bit. At the same time, investors are paying no attention to negative news. According to S&P […]
EURUSD is keeping its positive momentum and getting ready to attack. The major currency pair got another chance to continue rising. The current quote for the instrument is 1.0589. Market sentiment reached stability, demand for the “safe” USD reduced, and other traded currencies got a chance to rebound – the EUR is in pretty strong […]
Key US stock indexes failed to build on the success of last Friday on Monday recording slight decline. Today futures on US indices and European equities rallied with gains not exceeding 1%. The FX market is dominated by range-bound moves, the dollar index trades near the opening below the level of 104. Further upside advances […]
EURUSD Double Bottom on Watch Price action in EURUSD is starting to look interesting here. The pair has been moving steadily lower within a clearly defined bear channel from the 2021 highs. However, recently we’ve seen the pair finding big support at the 1.0364 level, which has paused the decline for now. We’re seeing big […]
Tether chief technology officer Paolo Ardoino has confirmed that the stablecoin Tether (USDT) has been the subject of a “coordinated attack” by hedge funds looking to short-sell the United States dollar-pegged crypto asset. Speaking to his 151,600 Twitter followers on Monday, the Tether executive was responding to reports that hedge funds have been borrowing millions […]