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In this Weekly Market Outlook 10-01-22, our analyst looks into the trading week ahead, possible market moving data releases across the globe and the technical analysis to accompany it! Source: Tickmill

Type: Bearish ReversalKey Levels:Resistance: 1.13879Pivot: 1.13602Support: 1.12729Preferred Case:With price approaching a significant area of resistance on the graphical level and the stochastics indicator, we are biased that price will drop from pivot at 1.13602 in line with the 78.6% Fibonacci retracement and said resistance to 1st support at 1.12729 where the swing low support and […]

Stocks ended mostly lower but well off session lows Monday, with the tech-heavy Nasdaq Composite erasing its early plunge to eke out a small gain. The Nasdaq COMP, +0.05% finished with a gain of around 7 points, or less than 0.1%, near 14,943, according to preliminary figures, after falling as much as 2.7% at its […]

Shares of Big Lots Inc. BIG, -6.70% fell more than 7% in the extended session Monday after the retailer said it has been seeing “softening of traffic and sales trends” in January caused by the spread of the omicron variant of the coronavirus in addition to winter weather. The company said that could lead to […]

Bahrain’s central bank initially announced its JPM Coin trial in May 2021. 4030 Total views 119 Total shares Bahrain is the latest nation to explore blockchain technology by American investment bank JPMorgan, with the country’s central bank trialing JPMorgan’s proprietary digital currency. The Central Bank of Bahrain (CBB) has successfully completed a digital payments test […]

Abercrombie & Fitch Co. ANF, -2.53% shares jumped more than 6% late Monday after the retailer said it expects fiscal 2021 net sales to be between 19% and 20% higher than its 2020 net sales of $3.13 billion, and up between 2% and 3% compared with 2019 net sales. Abercrombie tweaked its fiscal 2021 fourth-quarter […]