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Midweek Market Podcast: February 24

The Market Week – February Week 4 HotForex · Midweek Update – February 24 The focus of attention once again this week focused on the Bond markets as Treasury prices fell, yields rose and volatility increased. This pressured the USD as commodity currencies and Sterling […]

Apple Recovers Following Wild Tuesday

Shares in iconic US tech firm Apple are trading a little lower pre-market on Wednesday. Following an initial rally, as the year opened, Apple shares have since retreated, falling almost 18% from highs to the lows printed yesterday. Tuesday’s price action was particularly wild as […]

AES Earning and energy consumption

The AES Corporation (NYSE: AES), one of the biggest companies in the Energy and Power section, with activity in 15 countries worldwide, is scheduled to release its fourth-quarter 2020 earnings report on Feb 25, before Wall Street’s opening bell. “In the past four quarters, The […]

Upcoming US GDP & Dollar Future

Tomorrow we get the final results for US Q4 GDP growth. Expectations are for the result to confirm that the American economy grew by 4.0% annualized (or 1.0% during the quarter), protecting the US from falling into a second technical recession. So, if the economy […]

SPX500 Cycle Trend To Complete 3952.93

The current formation of the SPX500 index hints at a large cycle impulse consisting of sub-waves I-II-III-IV-V. The chart shows the final part of cycle impulse V. This consists of the primary sub-waves ①-②-③-④-⑤. In the short term, we could see the market move lower […]

XAGUSD Looks to Reclaim Top

XAGUSD has seen a progressive double top in the last 6 months of trading, with another test looking likely. The recent headlines surrounding the metal led prices to another attempt at the high $29 level. Since the latest pullback, bulls have ignored the long-term bearish […]

Lowe’s – poor earnings report and quarter statistics expected

Lowe’s Companies, Inc. (LOW) is a home improvement retailer with more than 2,200 in-store locations and one of the FORTUNE® 50 companies, with a market capitalization of US $123 billion. It is in queue to report fourth quarter earnings today (24 February) before the US […]

Vipshop: Earnings preview for the fourth quarter of 2020

Vipshop Holdings Limited (NYSE: VIPS), a leading China-based online discount retailer for branded products in the country, is expected to report its earnings for the fiscal quarter ending December 2020 this Thursday 25th February before market open. Driven by a surge in the number of […]

Musk Loses World’s Richest Title After Tesla Shares Tumble

Dollar Finds Support The greenback closed yesterday’s session 0.11% higher, as it bounced off the 90 support level. After hitting a fresh multi-week low, the dollar has a slight spring in its step on Tuesday. However, bulls are treading carefully after Fed Chair Powell pledged […]

Market Update – February 24 – Sterling & Commodity Currencies Soar

Market News Today Equities recover from significant falls, Powell pushes for inflation, USD remains heavy, yields cool from highs, NZD spikes following RBNZ. Commodity currencies & Sterling at 3-year highs, Copper at near 10-year high, Oil slipped from 1-year highs. Gold holds over $1800. BTC […]