Latest Market News
Shares of Shake Shack Inc. SHAK, -4.55% headed more than 6% lower in the extended session Thursday after the fast-casual restaurant reported a fourth-quarter loss that was greater than Wall Street expected and said the timing of a full recovery is still uncertain. Shake Shack said it lost $9.7 million, or 25 cents a share, […]
USDCHF, “US Dollar vs Swiss Franc” In the H4 chart, after rebounding from the “overbought area”, USDCHF is trading below 7/8. In this case, the price is expected to continue falling to reach the support at 5/8. However, this scenario may be cancelled if the price breaks 8/8 to the upside. After that, the instrument […]
XAUUSD, “Gold vs US Dollar” As we can see in the H4 chart, after forming a Harami reversal pattern not far from the support level, XAUUSD is reversing in the form a new rising impulse. In this case, the upside target may be the resistance area at 1885.00. At the same time, an opposite scenario […]
Gold prices rose in trading on Thursday, after news of the return of tensions between Russia and Ukraine, in the wake of a Russian report that mortar shells were fired in eastern Ukraine, prompting investors to resort to safe assets. Yesterday, Wednesday, gold prices ended up by about $15, with the dollar and US stocks […]
Reports of ceasefire violations in the disputed territories of Ukraine and the lack of reliable data that Moscow has withdrawn troops from the border does not fully eliminate the geopolitical premium in risk assets and apparently offers some support for the dollar and defensive assets. A quick diplomatic resolution to tensions now looks unlikely, adding […]
Dropbox Earnings Up NextUS tech company Dropbox is due to report earnings later today. The company’s shares have been languishing over recent months, following the decline seen across November/December last year. Price has been stuck in a tight block of consolidation between the 22.75 level and 25.46 level, underpinned also by the near channel low. […]