FX

An important week for tech company earnings reports has started with Facebook, which reported third-quarter revenue this year totalling $29.01 billion, a 35% jump compared to the same quarter in 2020. Microsoft Corp. with revenues of $45.3 billion in the first quarter of fiscal 2022, after a 22% increase from the same timeframe a year
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Visa, a financial services company based in California, USA, offers electronic funds transfer products worldwide via credit cards, debit cards, and prepaid cards. Visa’s main competitors in the financial services sector are American Express, Mastercard, and Union Pay. Visa has so far dominated the number of used cards and transactions of the United States credit
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Silver remains sidelined after two-day uptrend to seven-week high. Short-term horizontal resistance, downbeat Momentum line challenge bulls. Previous resistance from early October, 200-SMA guard short-term downside. Silver (XAG/USD) bulls seem tiring around $24.55 following the two-day run-up to the multi-day high. That said, the quote seesaws during Tuesday’s Asian session while keeping the last week’s
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WTI picks up bids towards the fresh high since October 2014, flashed the previous day. Market sentiment dwindles amid mixed headlines concerning China, Evergrande. US dollar weakness keeps oil buyers hopeful, second-tier data eyed. WTI remains firmer around $83.85, up 0.15% intraday during Monday’s Asian session. The energy benchmark refreshed the seven-year high the previous
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GBP/USD Weekly Forecast: Time for a meaningful downside correction? Covid and US GDP eyed GBP/USD has been rising amid speculation of a BOE rate hike and risk-on-related dollar weakness. UK covid headlines, US GDP and US politics are set to move markets ahead of Halloween. Late October’s daily chart is painting a mixed picture. A rate hike in
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WTI futures pare losses and return near multi-year highs at $83.95. Oil prices consolidate after a six-week rally. Front-month WTI futures have bounced up at $82.50, regaining previous losses to return to levels near multi-year highs at $83.95. On a broader picture, however, crude prices remain within previous ranges, consolidating after a nine-week rally. Oil’s
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Tesla shares surged on Thursday to near all-time highs. $900 round number is too tempting for bulls to miss. TSLA stock turned around intraday after earnings. Tesla shares did a sharp about-face on Thursday, having opened lower after the earnings release on Wednesday. TSLA reported earnings after the close, and they were a strong set of numbers,
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In an interview with Reuters on Tuesday, European Central Bank (ECB) policymaker Bostjan Vasle said there are early signs that wage pressures in the euro area could become material and pose inflation risks. Additional takeaways “ECB should end the Pandemic Emergency Purchase Program (PEPP) in March if economic trends continue.” “Real financing conditions remain favourable despite nominal
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GBP/USD Forecast: Will the British pound look past Brexit developments? GBP/USD has been moving in an ascending channel since late September. UK’s Frost says there is still a gap between the EU and the UK negotiating positions. Near-term technical outlook points to additional gains as long as 1.3700 support holds. The GBP/USD pair preserved its
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