Finance

GameStop reports decline in revenue and sharp decrease in cash

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In this article GME Follow your favorite stocksCREATE FREE ACCOUNT A screen displays the logo and trading information for GameStop on the floor of the New York Stock Exchange (NYSE) March 29, 2022. Brendan McDermid | Reuters GameStop said Wednesday its fiscal third quarter sales declined and its cash pile sharply dwindled, as the brick-and-mortar
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Technical Analysis

USDJPY tracks toward 100 hour MA after failure on break of 200 hour MA earlier today.

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USDJPY trades between the 100 and 200 hour MAs Today, the USDJPY traded higher into the European session and in doing so, moved above the 200 hour MA (green line). The one break above that MA line last week failed quickly. Yesterday, the price moved up to test the MA again and backed off. So
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News

More on – Musk may get a margin loan backed by Tesla (TSLA) stock for Twitter debt cover

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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
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News

Gold rate today: Yellow metal ticks higher, silver marches towards Rs 66,000

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New Delhi: Gold prices ticked up on Wednesday as the dollar weakened slightly, but moved in a relatively narrow range as investors looked to gauge the pace of rate hikes by the US Federal Reserve. Fed fund futures are expecting a 91% chance of a 50-basis point (bps) rate increase in the December meeting, said
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News

Euro Rises But Capped in Range Against Dollar

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Euro and, to a lesser extent, Sterling, are picking up some buying today but both are stuck in range against the greenback. There is no clear unified theme in the markets. Canadian and Australian Dollar are weak, but New Zealand Dollar is strong. Swiss Franc is trailing other Europeans higher but Yen is heading down,
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FX

AUD/JPY Price Analysis: Sellers attack weekly support on mixed Aussie trade data

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AUD/JPY snaps three-day uptrend, remains pressured around intraday low. Australia Trade Balance improved but Exports, Imports dropped in October. Failures to cross 100-EMA keep sellers hopeful, bulls need validation from 92.00. AUD/JPY holds lower ground near the intraday low of 91.63 during early Thursday. In doing so, the cross-currency pair justifies the mixed plays of
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Blockchain

Coinbase CEO says trading revenue has fallen to ‘roughly half’ what it was last year

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The CEO of Coinbase, Brian Armstrong, has revealed that the exchange’s trading revenue has declined by approximately 50% or more when compared to last year, according to a Dec. 7 report from Bloomberg. Armstrong made the statement as part of an interview with the David Rubenstein Show. When asked about the exchange’s revenue, he stated
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Technical Analysis

GBPUSD tests upside target and finds some risk focused sellers on the test

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GBPUSD bounces to 100 hour MA The better productivity data out of the US sent the dollar lower and the GBPUSD higher. The price extended up to the 100 hour moving average and swing area nearly 1.22212 level. The high price just reached 1.2225 and has backed off a bit. The price currently trades at
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News

Bank of Canada rate decision at the top of the hour

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The Bank of Canada will announce their interest rate decision at the top of the hour. The current rate is at 3.75%. There are mixed feelings about whether they do 25 or 50 basis points. Goldman Sachs expects 50 basis points: “At this week’s BoC meeting, our economists expect the Bank to deliver another SObp
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News

Oil falls close to 2022 lows on economic worries, easing supply fears

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Oil weakened on Wednesday, with Brent crude falling close to its lowest this year, pressured by concern about recession and easing fears that a Western cap on Russian oil prices would significantly curb supply. Warnings from big U.S. banks about a likely recession next year weighed, and supported the U.S. dollar. A stronger dollar makes
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News

Markets Directionless, CAD Awaits BoC

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Overall, the markets continue to trade in a mixed manner. US stocks declined for a second day overnight, but the selloff didn’t continue in Asia. Sentiment is somewhat supported by optimism of easing restrictions in China. In the currency markets, Yen is currently the worst performer for the week, followed by Aussie. Canadian Dollar is
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FX

USD/CAD: Break of resistance at 1.3585 clears parth to retest 1.38 – Scotiabank

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USD/CAD has broken trend resistance at 1.3585. Therefore, economists at Scotiabank expect the pair to advance well above the 1.38 level. Weakness back below needed to temper gains “Spot gains above short-term trend resistance off the Oct high (1.3585) leave the USD with a clearer path to retest 1.38+ from here.”  “Resistance is 1.3805 and
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Finance

MongoDB stock jumps 27% after cloud database company shows surprise adjusted profit

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In this article MDB Follow your favorite stocksCREATE FREE ACCOUNT Dev Ittycheria, CEO of MongoDB Adam Jeffery | CNBC MongoDB shares rose 27% in extended trading on Tuesday after the database software maker surprisingly swung to a profit. Here’s how the company did: Earnings: 23 cents per share, adjusted, vs. a loss of 17 cents
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Technical Analysis

GBPUSD having a volatile couple of hours of trading

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GBPUSD tests 200 day/50% The GBPUSD ran higher toward the end of the London session and in the process extended above the London high at 1.22472 a new intraday high of 1.2272. The last two – three hours has seen a rotation back to the downside. That move has now seen the price extend below
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News

USD/JPY is leading the dollar lower (sort of)

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USD/JPY has had a run higher and back down again: The move up towards 137.40 more or less coincided with the Bank of Japan jumping in to buy JGBs. Whcih is weird as its BOJ policy to try to control yields (YCC) and they jump in regularly to buy the bonds when yields rise or
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News

Gold rate today: Yellow metal moves higher; silver slips below Rs 66,000

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New Delhi: Gold prices rose on Tuesday, supported by a pullback in the US dollar, making the bullion less expensive for buyers holding other currencies. The dollar index rebounded on Monday after data showed that the US services industry activity unexpectedly picked up in November, prompting speculation that the Fed may lift interest rates more
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News

Canadian Dollar Weakens in Otherwise Indecisive Markets

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Canadian Dollar is currently the weakest one in otherwise sluggish markets. Falling oil price is a factor dragging down the Loonie, and traders are also cautious on a dovish rate hike by BoC tomorrow. There is still no clear follow through buying in Dollar against others. Aussie is steady after RBA rate hike earlier today,
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FX

US Dollar Index portrays three-day uptrend despite sluggish Treasury bond yields

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US Dollar Index picks up bids to refresh intraday high, stays firmer at one-week top. Softer US trade numbers, inflation expectations fail to cool down hawkish Fed bets. Hopes of China easing its Zero-Covid policy favor cautious optimism even as global economic slowdown looms. Mixed sentiment, light calendar may restrict DXY moves ahead of next
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