In this article AAPL Apple reported fiscal third-quarter earnings on Thursday that beat Wall Street expectations for sales and profit but showed slowing growth for the iPhone maker. Apple stock rose over 3% in extended trading. Here are the key numbers compared to what Wall Street was expecting, per Refinitiv estimates: EPS: $1.20
Amazon stock advanced more than 5% on Wednesday. AMZN Q2 earnings are expected after the close on Thursday. Amazon has missed four revenue forecasts from Wall Street in a row. UPDATE: Amazon reported a loss of $-0.20 per share on revenue of $121.2 billion for the second quarter. The bottom line missed the expected $0.12
The EURJPY is the biggest mover on the day. The pair has declined nearly 2% (down -1.97% currently). The current price is at 136.51. The low for the day reached 136.39. Technically, the day started with the pair banging against the 100 hour MA (blue line in the chart above) and a downward sloping trendline
Today’s GDP data from the US confirmed the country is in recession: IF you use the common ‘two consecutive quarters of GDP shrinkage’ definition. Not everyone uses that defintion, economists endlessly debate recession definitions. Believe me, it really is endless (and endlessly tedious IMO) … Anyway, moving on. The US does not, officially, use the
Gold in the national capital on Thursday jumped Rs 592 to Rs 51,750 per 10 grams, amid a rally in international precious metal prices, according to Securities. In the previous trade, the yellow metal finished at Rs 51,158 per 10 grams. Silver also surged by Rs 1,335 to Rs 56,937 per kg from Rs 55,602
Yen rises strongly today, and buying intensifies in early US session, after surprisingly poor US GDP data. Benchmark treasury yield in both the US and Germany tumble sharply, aiding Yen’s advance. Swiss Franc is also strong For now, Euro is the worst performer for today, as selling started earlier in European session already, while Sterling
Treasury Secretary Janet Yellen said Thursday the U.S. economy is in a state of transition, not recession, despite two consecutive quarters of negative growth. Recession, Yellen insisted, is a “broad-based weakening of our economy” that includes substantial layoffs, business closures, strains in household finances and a slowdown in private sector activity. “That is not what
Coronavirus disease (COVID-19) treatment pill Paxlovid is seen in boxes, at Misericordia hospital in Grosseto, Italy, February 8, 2022. Jennifer Lorenzini | Reuters Pfizer’s second-quarter revenue and profit beat Wall Street expectations, driven by sales of its Covid-19 vaccine and its antiviral treatment Paxlovid. Pfizer booked $27.7 billion in revenue, a 47% increase over the
What you need to take care of on Friday, July 29: Thursday was another volatile day, with financial markets struggling for direction. The dollar remained under pressure during Asian trading hours, resurged during the European session and came again under pressure in the American afternoon. The greenback’s intraday advance could be attributed to renewed recession-related
Ether’s (ETH) 53% rally between July 13 and 18 gave bulls an edge in July’s $1.26 billion monthly options expiry. The move happened as Ethereum developers set a tentative date for the “Merge,” a transition out of the burdensome proof-of-work (PoW) mining mechanism. According to some analysts, by removing the additional ETH issuing used to
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The EURUSD is trading to a new low of 1.0102 as the clock ticks to Fed time at 2 PM. The high in the London session today stalled ahead of the 200 hour MA (green line). On Monday and yesterday’s highs, were higher but kept a good distance away from the 50% retracement of the
Some heavy flows in Asia kicked down the pair with the yen gaining across the board but we are seeing USD/JPY sellers pull short of firmly contesting the 135.00 mark. In the big picture, we’ve been somewhat caught around the range of 135.00 to 140.00 since the start of the month and as much as
NEW DELHI: Gold prices extended their gains on Thursday as comments from the US Federal Reserve chair Jerome Powell on future interest rate hikes sounded less hawkish than feared, dragging dollar and treasury yields lower. The US central bank on Wednesday raised rates by three-quarters of a percentage point for the second straight meeting to
Dollar was sold off broadly overnight and stays weak in Asian session. Markets well received Fed Chair Jerome Powell’s message that tightening pace is going to slow ahead. While stocks also rebounded, Yen reacted more to falling benchmark treasury yields. As for the week, the greenback is now the worst performer. Euro follows as second
A branch of Barclays Bank is seen, in London, Britain, February 23, 2022. Peter Nicholls | Reuters Barclays on Thursday saw a slump in second-quarter profit after taking a substantial provision relating to a costly trading error in the U.S. The British bank reported a £1.071 billion ($1.30 billion) net profit attributable to shareholders, meeting
In the opinion of FX Strategists at UOB Group Lee Sue Ann and Quek Ser Leang, NZD/USD could revisit the area north of the 0.6300 yardstick in the next weeks. Key Quotes 24-hour view: “NZD dropped to 0.6192 before rising to a high of 0.6261 during NY session. Upward momentum has improved slightly and NZD