July 23, 2024
Alphabet to report double-digit Q2 growth; AI adoption, ballooning costs in focus
Google-parent Alphabet is expected to report a nearly 14% rise in quarterly revenue, its fourth straight quarter of double-digit growth, driven by steady demand for its artificial intelligence-powered cloud computing services and an uptick in the ad market. Google’s stock rose 0.5% in the last session. The Williams indicator is giving a positive signal.Google’s stock […]
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July 23, 2024
The last session saw the Aussie drop 0.7%
The U.S. dollar was slightly higher, capturing some safe-haven flows, as investors digested U.S. President Joe Biden’s decision to end his re-election campaign, which is expected to intensify volatility in the currency market. The last session saw the Aussie drop 0.7% against the Dollar. According to the Williams indicator, we are in an oversold market.AUD […]
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July 23, 2024
Gold slips to over 1-week low as dollar firms, awaiting more Fed cues
Gold prices fell to a more than one-week low as the dollar firmed, while traders awaited more U.S. economic data and comments from Federal Reserve officials this week for clarity on the timeline for interest rate cuts. The last session saw the Gold drop 0.6% against the Dollar. The ROC is giving a negative signal.XAU/USD […]
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July 18, 2024
Chip stocks shed $500 bln on China trade fears, Trump’s Taiwan comments
Wall Street’s semiconductor index lost over $500 billion in stock market value on Wednesday and headed for its worst session since 2022 after a report said Washington was mulling tighter curbs on exports of advanced semiconductor technology to China.
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July 18, 2024
Sterling hits one-year high
Sterling strengthened and hit a one-year high against the dollar. The Pound-Dollar pair saw a minor rise of 0.2% in the last session. The ROC is giving a positive signal.GBP/USD saw a minor rise of 0.2% in the last session.The ROC is currently in positive territory.Support: 1.2917 | Resistance: 1.3006
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July 18, 2024
Oil prices gain 2.4% on big US storage withdrawal, weaker US dollar
Oil prices climbed about 2.4% on a bigger-than-expected weekly drop in U.S. crude stockpiles and as a weaker U.S. dollar overshadowed signs of lower economic growth in China. The Oil-Dollar pair skyrocketed 2.4% in the last session. The Ultimate Oscillator is giving a positive signal.WTI/USD exploded 2.4% in the last session.The Ultimate Oscillator is giving […]
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