Latest Market News
All three major U.S. stock benchmarks were trading sharply higher Thursday morning, as investors digested labor-market data showing initial jobless claims fell last week. The Dow Jones Industrial Average DJIA, +1.19% was up 1.2%, while the S&P 500 SPX, +1.20% gained 1.1% and the Nasdaq Composite COMP, +1.28% climbed 1%, according to FactSet data, at […]
AUDUSD, “Australian Dollar vs US Dollar” AUDUSD is rebounding from Tenkan-Sen and Kijun-Sen. The instrument is currently moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the cloud’s downside border at 0.7005 and then resume moving upwards to reach 0.7290. Another signal in favour of a […]
EURUSD has been falling for the second trading session in a row; investors are focused on the news. The major currency pair is still correcting on Thursday. the current quote for the instrument is 1.0690. Yesterday, market players were totally focused on the FOMC Meeting Minutes. The document said that it would be necessary to […]
Credit AgricoleAsia overnight Sentiment in Asia continues to be mixed as investors fret over higher rates and China’s zero-Covid strategy. Providing some relief for investors today, however, were lower UST yields on the back of FOMC member Raphael Bostic’s comments arguing for a pause in Fed rate hikes in September. Bostic is a dove and […]
Type: Bullish BounceKey Levels: Resistance: 51260Pivot: 50862Support: 50579Preferred Case:With prices moving above our ichimoku cloud , we have a bullish bias that price will rise to our 1st resistance at 51260 in line with the 127.2% Fibonacci extension and overlap resistance from our pivot of 50862 in line with the 23.6% Fibonacci retracement and horizontal […]
Southwest Airlines Co. shares LUV, +1.73% jumped 2.9% in premarket trade Thursday, after the carrier updated guidance for the second quarter and raised its outlook for operating revenue. The airline is now expecting revenue to rise 12% to 15% vs. 2019, before the start of the pandemic, up from prior guidance of up 8% to […]