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Why rivian stock keeps falling
Rivian Automotive wowed investors with earnings and sales beats earlier this week. As the week winds down, however, investors are getting nervous abou...
May 12, 2023, 11:51 am
Why albemarle stock bounced off lows this week
Albemarle cut its sales outlook for 2023 earlier this month on lower lithium prices. Lithium prices, however, are rebounding off lows and will likely ...
May 12, 2023, 11:00 am
Spectrum brands misses on fiscal 2q revenue on weakness in home and garden segment
Consumer products-maker Spectrum Brands Holdings, Inc. (NYSE:SPB) reported a fiscal second-quarter loss of $53.7 million, or $1.31 per share, on reven...
May 12, 2023, 9:27 am
Eur/usd forecast: euro needs to reclaim 1.0950/60 to turn bullish
EUR/USD stays dangerously close to 1.0900 (static level, psychological level, Thursday low). The Relative Strength Index (RSI) indicator on the four-h...
May 12, 2023, 8:44 am
Fed's bowman: policy rate will need to remain sufficiently restrictive for some time
Additional rate hikes 'likely appropriate' if inflation stays high, labour market stays tightPolicy is now restrictive but uncertain if it is sufficie...
May 12, 2023, 7:02 am
1 impressive stat that shows how much teladoc health has grown since the pandemic
Teladoc's virtual visits and revenue have been skyrocketing over the years and are significantly higher than 2019 levels. However, the stock has given...
May 12, 2023, 6:45 am
Uk gdp contracted -0.3% mom in march; services main contributor to decline
UK GDP saw a contraction of -0.3% mom in March, significantly underperforming against expectations of being flat. The contraction was primarily driven...
May 12, 2023, 6:24 am
Technical outlook and review
DXY: Currently, the DXY is demonstrating a robust bullish momentum. Despite this, there’s a possibility of a further drop to the 1st support in the ...
May 12, 2023, 6:04 am
Uk march monthly gdp -0.3% vs 0.0% m/m expected
Prior 0.0%The drag was largely from services, with the monthly reading there dropping by 0.5% (vs estimate of 0.0%). However, the Q1 reading still man...
May 12, 2023, 6:00 am
Pound sterling price news and forecast: gbp/usd licks its wounds after the biggest daily loss in seven weeks
In doing so, the Cable pair justifies the downside break of a two-month-old ascending trend line, as well as bearish MACD signals. However, an upward-...
May 12, 2023, 4:44 am
Vixy: buy insurance before the house catches fire
Enough leading indicators strongly suggest that a recession is either here already or will arrive in the next few months. However, the stock market re...
May 12, 2023, 4:34 am
Vipshop: still a good deal even after climbing over 100%
Opening up China will affect Vipshop's revenue, however, in the short-term only in my opinion. There is a lot of growth in the long run....
May 12, 2023, 3:49 am
Eth eyes sub-$1,700 as us debt ceiling woes overshadows staking stats
ETH was in the red this morning, with the bears targeting a seventh session loss on US debt ceiling woes. Staking inflows have surged, however. The po...
May 12, 2023, 3:29 am
Bank of england peak rate - natwest forecast high of 4.5%
ICYMI, the Bank of England overnight:ForexLive European FX news wrap: BOE delivers 25 bps rate hike as expectedBOE's Bailey: Inflation remains too hig...
May 12, 2023, 2:42 am
Ecb de guindos: what worries me is trend in service prices
ECB Vice President Luis de Guindos assured yesterday that “There is no doubt headline inflation will continue to ease”. However, he added a note o...
May 12, 2023, 2:33 am
Xrp bears eye sub-$0.40 on sec v ripple silence and us debt ceiling
It is a busy day ahead for XRP and the global financial markets. However, SEC v Ripple Court silence will leave US debt ceiling-related news in focus....
May 12, 2023, 1:40 am
Aud/usd and nzd/usd fundamental analysis: us debt ceiling in focus
It is a busier morning for the AUD/USD and the NZD/USD. However, US politics, Fed chatter, and consumer sentiment numbers will have the final say. The...
May 11, 2023, 10:10 pm
Crypto lender nexo moves to disband uk subsidiaries
Crypto lending firm Nexo is making efforts to disband two of its subsidiaries in the United Kingdom. The units are Nexo Financial Services Limited and...
May 11, 2023, 9:20 pm
Some weakness creeping back in stocks
The major stock indices are creeping lower with the Dow leading the way to the downside. A snapshot of the market currently showsDow industrial averag...
May 11, 2023, 6:01 pm
Boe bailey hints at possible pause in rate hikes
BoE Andrew Bailey, in an interview with Bloomberg TV, suggested that the central bank could soon hit a plateau in its cycle of rate hikes. However, he...
May 11, 2023, 4:55 pm