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Daily Technical Analysis EUR/USD by OnEquity in General Nov 04, 2024 at 15:57

Today’s stocks to watch: Trump Media, Nvidia and AppleKey points:Trump Media shares were down more than 20% in the previous weekNvidia will replace Intel in the Dow Jones this weekViking Therapeutics rose more than 20% after encouraging resultsTrump Media & Technology (DJT) shows volatility with a 20% dropTrump Media & Technology: The parent company of Donald Trump’s social media platform has behaved with greatvolatility in recent weeks, trading as a proxy for election expectations. Stocks were down in pre-market trading Monday, having lost more than 20% of their va...

Market News by OnEquity in General Nov 04, 2024 at 15:56

Today’s stocks to watch: Trump Media, Nvidia and AppleKey points:Trump Media shares were down more than 20% in the previous weekNvidia will replace Intel in the Dow Jones this weekViking Therapeutics rose more than 20% after encouraging resultsTrump Media & Technology (DJT) shows volatility with a 20% dropTrump Media & Technology: The parent company of Donald Trump’s social media platform has behaved with greatvolatility in recent weeks, trading as a proxy for election expectations. Stocks were down in pre-market trading Monday, having lost more than 20% of their va...

Market News by OnEquity in General Nov 04, 2024 at 15:56

Presidential election and Federal Reserve meeting send U.S. stock market in turmoilU.S. stock index futures rose Monday in cautious trading at the start of a week that brings a tight presidential election and a Federal Reserve meeting.At the start of trading Monday, Dow Jones futures were up nearly 60 points, or about 0.1%, S&P 500 futures were up 12 points, or about 0.2%, and Nasdaq 100 futures were also up 12 points, or 0.2%.Wall Street indexes booked losses of about 1% to #% the previous week, following a series of mixed results from large technology stocks.Although September quarte...

Market News by OnEquity in General Nov 04, 2024 at 15:55

Dollar slips ahead of elections; Fed and BOE also in focusThe U.S. dollar retreated on Monday amid political uncertainty ahead of Tuesday’s presidential election and also amid expectations that the Federal Reserve will cut interest rates this week.The dollar index, which analyzes the greenback against a basket of six other currencies, fell 0.5% to 103.695, after strong gains in October.Dollar slips ahead of U.S. elections At the beginning of this week, attention is focused on the U.S. presidential election scheduled for Tuesday, in which the race between the Republican Party candidate an...

Market News by OnEquity in General Oct 22, 2024 at 13:57

U.S. stock markets pull back; large volume of third-quarter results expectedStock index futures along with U.S. equities were lower on Tuesday, with eyes on the third quarter results of a number of large companies.Most major Wall Street indexes posted a slightly negative session on Monday, with the Dow Joanes index down 0.8%, ending three straight sessions of gains. The S&P 500 index lost 0.2% while the Nasdaq Composite lost about 113 points, about 0.6%.A flurry of Q3 resultsThe results of a large number of U.S. companies will be released on Tuesday.About one-fifth of the S&P 5...

Market News by OnEquity in General Oct 22, 2024 at 13:56

Dollar falls, euro rises on ECB speakers expectationsThe U.S. dollar declined on Tuesday, although it remained near its recent highs in an environment marked by uncertainty related to the pace of interest rate cuts as the date for the U.S. presidential election approaches.The dollar benefited from rising yieldsThe dollar retreated slightly on Tuesday, although it benefited from a rise in the yield on 10-year U.S. Treasury bonds, which rose to a 12-week high.On Monday, four Federal Reserve policymakers favored further interest rate cuts, following the Fed’s decision to cut borrowing costs...

Market News by OnEquity in General Oct 22, 2024 at 13:55

Today’s Stocks to Watch: Boeing, Kenvue, and HumanaKey points:Humana stock increased due to rumors of a possible acquisition by Cigna.Starboard Value bought a stake in Kenvue, boosting its stock value.Boeing reached an agreement in principle that could end the strike.Boeing (BA) Moves Toward Ending the StrikeBoeing has reached a tentative agreement with the machinists’ union, which could end the strike that has paralyzed much of its production. Boeing shares rose more than 3% in pre-market trading, reflecting the positive impact of the agreement on its valuation. This move is cruci...

Market News by OnEquity in General Oct 22, 2024 at 13:54

Market Highlights for the Week: Tesla, IMF, and OilTesla will be the first of the “Magnificent Seven” to report in the corporate earnings season. Global financial leaders will meet in Washington, and oil prices remain volatile. Here’s a look at what’s happening in the markets this week.Tesla Reports Its ResultsAs earnings season picks up momentum, Tesla (TSLA) will be one of the first major U.S. tech companies to release its results, which are expected on Wednesday after the close of the trading session.Tesla’s stock has faced losses this month following the unvei...

Market News by OnEquity in General Oct 22, 2024 at 13:54

U.S. Stock Markets Plummet Amid a Flood of Third-Quarter ResultsU.S. equity markets and stock indices were slightly lower on Monday, consolidating near record levels, with attention focused on a series of key results from the technology sector.Positive results from banks and technology companies in the previous week had driven several of Wall Street’s major indices to record highs, with the S&P 500 and the Dow Jones both posting record highs on Friday. This marked a sixth straight week of gains, the best streak of the year for both indices.However, momentum appears to be stalling...

Market News by OnEquity in General Oct 22, 2024 at 13:53

Dollar Gains on Cut in Rate Expectations, Pound Falls on InflationThe U.S. dollar rose Monday, maintaining its recent strength as the election for U.S. president approaches and polls point to a growing likelihood that former President Donald Trump will be the winner.Dollar Boosted by Confidence in TrumpThe dollar remained near its highest levels in over two months, bolstered by growing confidence that U.S. interest rates will decrease at a slower pace than initially expected. This is further supported by recent data showing that the U.S. economy remains healthy.According to the CME FedWatch to...

Daily Technical Analysis EUR/USD by OnEquity in General Oct 22, 2024 at 13:37

Daily Technical Analysis EUR/USD: Approaching 1.0850, Potential Drop Amid Shifting Political ForecastsThe EUR/USD may face challenges due to shifts in market estimates regarding monetary policy and interest rate outlooks.Currently, the U.S. dollar has gained ground as the likelihood of a rate cut by the hawkish Federal Reserve in November diminishes. Meanwhile, the European Central Bank is expected to intensify its monetary policy easing to boost economic growth in the eurozone.The EUR/USD is showing signs of stability after the previous session’s gains around the 1.0860 level in Asian t...

Market News by OnEquity in General Oct 17, 2024 at 14:52

Elon Musk’s Tesla mobilizes 760 million in Bitcoin, raising fears of a massive liquidationThe cryptocurrency community is abuzz with rumors following Tesla’s transfer of a sizable portion of its Bitcoin (BTC) holdings. More than 11,500 BTC were transferred to wallets linked to the electric car giant to unknown addresses, raising concerns about a possible liquidation.However, despite these transactions, there are no clear indications that Tesla intends to liquidate its assets. According to Arkham, the target wallets are newly created and not tied to any cryptocurrency exchange, sugg...

Market News by OnEquity in General Oct 16, 2024 at 14:55

Today’s stocks to watch: ASML, Morgan Stanley and NovocureKey points:Luxury stocks, including LVMH, suffer declines on challenging global marketsMorgan Stanley’s earnings beat estimates, outperforming among stocksNovocure wins FDA approval, which boosts its shares considerablyLVMH faces challenges in global marketsLVMH (MC): LVMH, owner of Louis Vuitton, reported disappointing results and said it faces challenges in most markets. The French company’s shares, as well as other European luxury stocks, declined sharply.Morgan Stanley beats expectations with earningsMorgan Stanley...

Market News by OnEquity in General Oct 16, 2024 at 14:55

U.S. Stock Markets Steady After Tech Sector Losses, Earnings in FocusU.S. equity markets stabilized on Wednesday after losses in technology stocks, driven by weak results from leading chipmaker ASML (ASML), pulled Wall Street away from its all-time highs.Losses in the semiconductor sector hit Wall Street on Tuesday, with the NASDAQ Composite down nearly 1%, while both the S&P 500 and Dow Jones Industrial Average fell 0.8%, pulling back from their record highs.The weakness followed semiconductor equipment maker ASML’s (ASML) decision to cut its full-year estimates due to weak dema...

Market News by OnEquity in General Oct 16, 2024 at 14:54

Dollar Gains on Cut in Rate Expectations, Pound Falls on InflationThe U.S. dollar rose on Wednesday, trading near two-month highs on expectations that the Federal Reserve will slightly cut interest rates this year, while the pound slipped after positive inflation data.Dollar Benefits from Expectations of a Rate CutRecent data indicating a resilient economy, combined with slightly higher-than-expected inflation in September, has led market participants to reduce their bets on a sharp cut in U.S. interest rates.Adding to these expectations on Tuesday were comments from Atlanta Fed President Raph...

Market News by OnEquity in General Oct 16, 2024 at 14:49

United Arab Emirates Approves First Dirham-Linked StablecoinAED Stablecoin Company announced that it has received the first approval from the UAE Central Bank to issue a dirham-backed stablecoin.The United Arab Emirates (UAE) will soon see its first regulated stablecoin.AED Stablecoin LLC has announced that it has received approval in principle from the UAE Central Bank to issue and establish its own dirham-linked stablecoin digital currency.In a statement issued on Monday, the company described itself as a pioneer for obtaining permission to become the first authorized entity in the region to...

Market News by OnEquity in General Oct 16, 2024 at 14:49

Today’s Stocks to Watch: J&J, Boeing, and Goldman SachsKey points:A number of energy stocks and Chinese companies posted significant market declines.Boeing and Goldman Sachs shares posted notable gains.UnitedHealth and J&J readjusted their earnings forecasts due to external factors.Boeing Aims to Raise $10 BillionBoeing (BA) plans to raise at least $10 billion through the sale of new shares. This strategy aims to stabilize its finances after a period of instability. Shares rose nearly 1% in after-hours trading.Goldman Sachs Reports a 45% Increase in ProfitsGoldman Sachs (...

Daily Technical Analysis EUR/USD by OnEquity in General Oct 16, 2024 at 14:46

Daily Technical Analysis EUR/USD: The Pair Extends Decline Ahead of ECB Rate DecisionThe EUR/USD pair continued its bearish trend on Tuesday, dropping about one-fifth of a percent and sliding below the 200-day Exponential Moving Average (EMA). The price closed below the 1.0900 level for the first time since early August. The pair is now down nearly 3% from its late September highs, which were just above the 1.1200 level.European banks have generally reported negative impacts following the European Central Bank’s (ECB) summer rate cut. While lending standards have remained broadly unchang...

Market News by OnEquity in General Oct 15, 2024 at 14:15

U.S. stock markets stabilize ahead of quarterly earnings resultsU.S. stock index futures and equities stabilized on Tuesday, consolidating after a rally in technology stocks moved to all-time highs on Wall Street last session ahead of some major company data.The major indexes posted solid gains on Monday, supported by strong gains in major technology vlores, with market favorite Nvidia (NVDA) rising to an all-time high, coming close to replacing iPhone maker Apple (AAOL) as the world’s most valuable company.The S&P 500 rose 0.8% to an all-time high, the Dow Jones Industrial Avera...

Market News by OnEquity in General Oct 15, 2024 at 14:15

Dollar Falls from Highs, Euro Under Pressure on Weak Inflation DataThe U.S. dollar fell from recent highs on Tuesday as weak regional inflation data weighed on the euro ahead of the European Central Bank (ECB) meeting.Dollar Falls from HighsIn recent weeks, demand for the U.S. dollar has been boosted by employment and inflation data, which suggest a slower pace of rate cuts by the Federal Reserve. This follows the Fed’s decision to cut rates by 50 basis points in September, marking the start of an easing cycle.Fed Governor Christopher Waller reiterated this cautious approach on Monday, e...

EURUSD	1.13689	GBPUSD	1.33174	AUDUSD	0.64559
USDJPY	143.852	USDCAD	1.37948	USDCHF	0.82386

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