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High expectations play tricks on big tech
Meta revealed better than expected earnings, a more-than-doubled profit from last year and a 27% rise in sales. Oh, and the revenue growth was up for the fifth quarter. But the share price tumbled 15% in the afterhours trading as investors didn’t like the weaker-than-expected revenue forecast for th
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DAX Gains As Business Sentiment Improves
German stocks traded higher on Wednesday after survey data from the ifo Institute showed business sentiment in the country improved in April. The business confidence index climbed to 89.4 in April while economists had forecast the score to rise moderately to 88.9 from March's initially estimated val
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Green day for Asia as chip stocks rebound – Hotter AU CPI
Asia market update: Green day for Asia as chip stocks rebound; Hotter AU CPI; CN long bonds rise; Tesla +13% a/h; Focus on data and earnings through end of week. General trend - Generally positive sentiment out of US session earnings flowed into Asia with all equities markets higher, led by Kospi (+
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Taiwan Stock Market Due For Support On Tuesday
The Taiwan stock market has moved lower in consecutive trading days, surrendering almost 900 points or 4.4 percent along the way. The Taiwan Stock Exchange now sits just above the 19,410-point plateau although it may stop the bleeding on Tuesday. The global forecast for the Asian markets is upbeat o
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NZD/USD holds recovery to 0.5900, strong US Dollar limits upside
NZD/USD recaptures 0.5900 as the RBNZ is expected to pivot to rate cuts after the Fed. The USD Index moves higher as the strong US economic outlook allows the Fed to maintain interest rates higher. Fed Bostic expects that conditions for rate cuts won’t be favorable towards the end of the year. The N
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NZD/JPY Price Analysis: Bearish momentum strengthens as sellers reclaim the 20-day SMA
The daily chart of the NZD/JPY indicates a weakening momentum, with RSI and MACD signifying rising selling pressure. The NZD/JPY plunged below the crucial short-term 20-day SMA, hinting at immediate bearish prospects. Despite recent bearish actions, the long-term outlook continues to favor buyers. T
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Tech stocks’ and Bitcoin’s message for Gold investors
Who would have thought that those markets are connected? They are. Unexpected Connections All right, bitcoin is an alternative to fiat currencies, just like gold and silver are, but what about tech stocks? What could they have in common with the precious metals market? More than it seems at the firs
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Risk-aversion grips financial markets after Israeli missiles strike a site in Iran
Risk-aversion is in full swing across the financial markets after ABC News confirmed reports that Israeli missiles struck a site in Iran, leading to further escalation in the Middle East geopolitical tensions. Reuters reported, citing Iran’s Fars News Agency, that locals heard explosions in central
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