Share: BABA stock loses 9%, moving below $80. Revenue for the fiscal Q2 misses consensus by $230 million. Management decides against spinning off the cloud business for now. Alibaba issues a $1 annual dividend to holders of ADS shares. Alibaba (BABA) stock closed at $79.10, down 9.15%, on Thursday. The market did not appreciate the Chinese e-commerce leader’s
GBPJPY has tested the 100 hour MA two times today The GBPJPY is down for the 2nd consecutive day after peaking on Tuesday at the highest level since November 2015. The move down today reached 186.81, and at the time, they price tested its 100-hour moving average (blue line in the chart above). A few
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
Gold prices were flat in early Asian hours on Thursday as the dollar firmed after strong U.S. retail sales data, offseting support from hopes that the Federal Reserve had come to the end of its tightening cycle. FUNDAMENTALS * Spot gold was little changed at $1,958.79 per ounce, as of 0128 GMT. U.S. gold futures
Dollar is facing renewed selling pressure in the early US session, as fresh economic data points to a further cooling in the job market. A significant uptick in continuing jobless claims, reaching their highest level in nearly two years, suggests a softening labor environment. Adding to this, deeper-than-expected decline in import prices, influenced by both
In this article GPS Follow your favorite stocksCREATE FREE ACCOUNT A Gap retail store sign on September 20, 2022 in Los Angeles, California. Allison Dinner | Getty Images Gap posted a better-than-expected third quarter on Thursday, but the apparel retailer still appears cautious ahead of the holiday season as it works to reverse slowdowns at
It has become increasingly clear that stablecoins have become the dominant means of transaction settlement on public blockchains, at the exclusion of native cryptoassets (like Bitcoin/Ether). This wasn’t in the plan of the architects of these blockchains or their communities. On-chain data supports this observation: Stablecoins represent approximately 10% of the total crypto market cap,
Share: The Euro regains the smile against the US Dollar. European stocks open Thursday’s session in a mixed tone. ECB President Christine Lagarde speaks later in the session. The Euro (EUR) manages to generate some upside traction against the US Dollar (USD), motivating EUR/USD to attempt a tepid bounce to the 1.0860 zone on Thursday. The
The price of crude oil is settling at $76.66, down -$1.60 or -2.04%. The high for the day reached $78.77. The low reached $76.45. Looking at the hourly chart below, the run higher yesterday moved higher and above the 200-hour MA and a downward sloping trend line. That break, however, was short-lived, and the subsequent
It’s all looking rather tentative so far in European morning trade, as major currencies are not showing much appetite. The dollar is mostly little changed, with only the kiwi lagging against the rest of the majors. This comes as stocks are also mixed and little changed, although bond yields are slightly lower on the day.
Gold traded flat in the opening trade on Thursday amid gains in the dollar index (DXY), which has slipped below the 105 mark, hitting a 10-week low. The strength in greenback was on account of strong US retail sales data, off-setting hopes that the Federal Reserve had come to the end of its tightening cycle.
Australian Dollar weakens broadly in Asian session, as Australian employment data and shifting global risk sentiment take center stage. The mixed nature of the latest Australian jobs report is causing a rethink among investors regarding RBA’s next steps. Despite robust increase in overall employment numbers, a nuanced look reveals cracks in the job market’s strength.
Wholesale prices in October posted their biggest decline in 3½ years, providing another indication that the worst of the inflation surge may have passed. The producer price index, which measures final-demand costs for businesses, declined 0.5% for the month, against expectations for a 0.1% increase from the Dow Jones consensus, the Labor Department reported Wednesday.
In this article CSCO Follow your favorite stocksCREATE FREE ACCOUNT Chuck Robbins, CEO & Chairman of Cisco, speaking on Squawk Box at the WEF in Davos, Switzerland on Jan. 18th, 2023. Adam Galica | CNBC Cisco shares were down as much as 13% in extended trading on Wednesday after the networking hardware maker issued a
As we approach Bitcoin’s (BTC) halving in April, a phenomenon that historically triggers significant market shifts, companies within the space are at a critical juncture. This event is surrounded by speculation and strategic planning, and for some, a sense of uncertainty. While it’s laden with opportunities, it’s vital for businesses to adopt a balanced approach,
Share: The DXY index first declined to 104.00 and then recovered to 104.40. The headline and core PPI cooled down in October, while US Retail Sales declined but were lower than expected. Investors seem to worry that strong economic activity data might weigh more than cooling inflation in the Fed’s eyes. The US will report
Traders work on the floor of the New York Stock Exchange (NYSE) on November 15, 2023 in New York City. Spencer Platt | Getty Images News | Getty Images Markets seem to have taken this week’s positive economic data as the all-clear signal for the Federal Reserve to start cutting interest rates aggressively next year.
The GBPUSD is back below its 200 day moving average The GBPUSD ran higher yesterday, and in the process extended toward its 100-day moving average near 1.2512. The high price got within 7 pips of that level at 1.2505 before rotating back to the downside. In trading today, lower-than-expected CPI data out of the UK