Page 24 of 68
FXCM’s US.AUTO basket is under pressure as the UAW strike continues. The basket has dropped into its bearish channel between the lower blue and red bands and the RSI has dipped below 50 (green rectangle). The longer the RSI remains below 50, the more pressure the basket will be under.
As Q3 earnings season kicks off the SPX500 is looking subdued. It has charted a lower peak followed by a lower trough. This puts the weekly chart into downtrend. The black 30-week EMA is showing signs of support, but the candlesticks will need to break above the green down sloping trendline to show conviction.
BTC/USD rises today despite the proposal of stricter regulatory framework from Australian authorities, likely helped by news that iconic sports car maker Ferrari accepts crypto payments in the US
The streaming pioneer is having a great year, as the strategic changes helped it reassert its dominance, but its stock dropped in Q3 and breaches key tech levels ahead of the latest earnings report
Banks kicked off earnings season last week. JPMorgan Chase (JPM.us), Citigroup (C.us) and Wells Fargo (WFC.us) beat earnings estimates. They posted better than anticipated net interest income, with lending outpacing payments to depositors. Also contributing to earnings was better business from capital markets.
News around a sale of the popular British football club and publicly traded company continue to swirl, while its former icon David Beckham talked in favor of an ownership change
UK regulators have approved Microsoft’s $69bn acquisition of Activision Blizzard, which removes the last hurdle for the deal. However, the Competition and Markets Authority said the deal won’t include cloud gaming rights and said in a statement today that, “The new deal will stop Microsoft from locking up competition in cloud gaming as this market takes off, preserving competitive prices and services for UK cloud gaming customers.”
The electric vehicle leader releases its earnings for the third quarter of the year on Wednesday October 18, having already reported a significant drop in deliveries and production for the same period
The US airliner reported solid Q3 2023 results, with a surge in profitability due to the strong summer demand, but lowered its full year guidance due to rising fuel expenses
Watch today’s US Open for insights on the latest US CPI report which showed persistence in inflation, Gold’s advance, the strong quarterly results by Delta Air Lines and more
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed here.