Latest Market News
Equity markets remain highly turbulent, apparently there is little consensus on what lies ahead for the global economy. US markets posted modest gains on Wednesday, but already on Thursday there are no signs of optimism left since risk assets decline, SPX futures trade below 3700 points, European markets tank, losing on average 1.5%. Fixed-income markets […]
Daily Market Outlook, September 29, 2022 Overnight Headlines Fed’s Evans: Fed Must Press On Despite Global Market Volatility Biden Tells Econ Team To Stay In Touch With Allies On Markets US Treasury Alarmed At UK Economic Chaos Unleashed By PM BoE Response Highlights ‘Impossible Trinity’ Of Liquidity Issues Pressure Builds On Kwarteng As UK Tories […]
Blue Apron Holdings Inc. APRN, -10.47% announced Thursday afternoon that Chief Financial Officer Randy Greben would be stepping down to take on a position with another company. He plans to leave the Blue Apron role Oct. 17. Mitchell Cohen will take on the position of interim chief financial officer at the meal-kit company when Greben […]
U.S. stocks tumbled on Thursday to end sharply lower, with the S&P 500 posting its worst daily decline since mid-September. The Dow Jones Industrial Average DJIA, -1.54% shed about 1.5%, or roughly 457 points, ending near 29,226, after falling more than 600 points at the session’s low. The S&P 500 index SPX, -2.11% closed down […]
EURUSD, “Euro vs US Dollar” After completing another descending wave at 0.9535 along with the correctional structure up to 0.9727, EURUSD is forming a new descending structure to break 0.9575. Later, the market may continue trading downwards with the target at 0.9408. GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD has finished the correction up […]
USDCHF, “US Dollar vs Swiss Franc” In the H4 chart, USDCHF is trading within the “overbought area”. The Relative Strength Index is heading towards 30 and is currently testing the support line, a breakout of which might signal a further downtrend. In this case, the pair is expected to break 8/8 (0.9765) and then continue […]