Alphabet (GOOG) cloud revenue beat, but the segment makes no money
Google parent, Alphabet, is taking a hit as forecast growth rates moderate.
Senior Market Specialist
Russell Shor joined FXCM in October 2017 as a Senior Market Specialist. He is a certified FMVA® and has an Honours Degree in Economics from the University of South Africa. Russell is a full member of the Society of Technical Analysts in the United Kingdom. With over 20 years of financial markets experience, his analysis is of a high standard and quality.
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Google parent, Alphabet, is taking a hit as forecast growth rates moderate.
Last Thursday, Fed Chair Powell hinted at a 50 bps hike for May. He also endorsed an acceleration in the raising of rates. Moreover, the market is preparing for these to be front-loaded over the next few meetings. The ECB is also growing more hawkish, and EU CPI came in at 7.2%. Twitter has agreed to Elon Musk's offer of $54.20 per share in a takeover, and this week will…
Bitcoin has rallied over the last 24 hours. However, it has hit a critical level and looks to be reacting off of it.
The DAX bounce may have run its course as the index reacts off of crucial resistance.
Gold declines, and the dollar finds a bid as market participants prepare for Fed front-loading.
The market is waiting on an announcement after the Twitter board, and Elon Musk met over the weekend. Twitter is due to report its Q1 results on Thursday.
Cryptocurrencies have aligned themselves with the risk side of the market. More aggressive monetary policy is putting them under pressure.
As yields rise, pressure mounts on global indices, including the GER30.
The US30 has retraced to its 61.8% level. It is looking formidable.
There is an excess demand for oil, which is likely to support price.
Bitcoin bounced off its support pivot. However, the crypto may be running out of steam.
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