By JustMarkets On Thursday, US indices were declining, with the Dow Jones (US30) Index down 1.21% and the S&P 500 (US500) Index down 1.37%. The NASDAQ Technology Index (US100) closed negative 2.30%. Weaker-than-expected US economic news caused a liquidation of equity positions due to concerns that the Fed is behind schedule and waiting too long to cut interest rates. US weekly initial…
Ever entered a trade wherein you thought that you had prepared for every scenario only to be blindsided by an unforeseen event? If you have, then you, my friend, have been ambushed by the markets! Don’t worry, even the most experienced and seasoned traders occasionally freeze when faced with unforeseen events. In fact, getting “ambushed”…
2024.08.02 2024.08.02 GBPUSD: Elliott wave analysis and forecast for 02.08.24 – 09.08.24 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Highlights and key points Main scenario: consider long positions from corrections above the level of 1.2586 with a growth target of 1.3250 – 1.3740. A buy signal: after the level of 1.2586 is broken to…
Shell Plc (SHEL) has managed to top predictions with its Q2 adjusted earnings of $6.3bn despite reduced refining levels and a drop in the trading of liquified natural gas. LSEG analysts pegged the company’s profits at $5.9bn. The British oil giant published its Q2 results and interim dividend margins on Thursday 1 August 2024. Although…
Safety-Seeking Hot Money Flows Dominated Overnight Financial Markets August 2, 2024 The mood of investors around the world has suddenly become very guarded. The possibility of a broader Middle Eastern War has increased. An increasingly isolation-minded American public doesn’t seem properly prepared for that event, let alone the even more challenging risks associated with a…
Futu Securities International, the leading online brokerage in Hong Kong, has expanded its operations and recently launched retail cryptocurrency trading as part of its services. To attract investors to this niche, apart from Bitcoin offers, Futu is reportedly rewarding users with tech stocks, which include shares of Alibaba Group Holding (BABA) and the Nasdaq’s top…
2024.08.02 2024.08.02 EURUSD: Elliott wave analysis and forecast for 02.08.24 – 09.08.24 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Highlights and key points Main scenario: consider long positions from corrections above the level of 1.0662 with a growth target of 1.1141 – 1.1273. A buy signal: above the level of 1.0662. Stop Loss: below…
UK billionaire Alex Beard is one of five former Glencore (GLEN) executives to be charged with conspiring to pay bribes. Beard has a net worth of $2bn, according to online sources, and was one of the original group of workers who earned a fortune when GLEN was listed on the London Stock Exchange in 2011…
The Japanese yen continues to rally. USD/JPY is trading at 148.86 in the European session, down 0.31% on the day at the time of writing. On Thursday, the yen strengthened as much as 148.50, its best showing since May 11. Yen continues to pummel US dollar Only three weeks ago, the yen looked dead in…
NEW YORK, Aug. The post MXL STOCK ALERT: MaxLinear, Inc. is Under Inquiry for Securities Fraud by BFA Law; Investors that Suffered Losses are Notified to Contact the Firm (NASDAQ:MXL) appeared first on ForexTV. Source link