EURUSD Down 130 Pips on Strong DXY
EURUSD slumps in early European trading as traders return to their offices after the New Year festivities. EURUSD is down 1.11% at 1.0546 hitting the lowest level since December 13
Key Events in the Week Ahead 2/8-1-2023
Investors looking for a better year after a disaster for many assets in 2022. You can read How Markets Performed in 2022. On Monday stock and bond markets will be closed
How Markets Performed in 2022
A tough year for investors across all asset classes and around the globe was 2022 as negative returns prevailed. Persisting inflation was the main theme globally which pushed all major central banks to aggressive rate hikes
Tesla (TSLA) Hits Extreme Oversold Levels
Tesla (TSLA) stock continue the slide for the seventh consecutive trading session hitting the lowest level since August 18, 2020. Sell-off in the technology sector continues and the Nasdaq index is 1.10%
FedEx (FDX) Third Quarter Earnings
FedEx reported the fiscak second quarter earnings for the three months ending September 30. FDX beat on earnings but missed on revenues;
Nikkei 225 Slumps After BOJ Surprise Move
Nikkei 225 and Asian istocks slide on Tuesday after the Bank of Japan adjusted its yield curve control (YCC) program increasing the allowable band for 10-year bond yields to target a band in and around 0.50% from the previous band of 0.25%.
Madrigal Stock Skyrockets after Positive Topline Results from MAESTRO-NASH Clinical Trial
Madrigal Pharmaceuticals (MDGL) finished the trading session today 268.07% higher at $234.83 after unexpected positive topline results from the Pivotal Phase 3 MAESTRO-NASH Clinical Trial of its drug Resmetirom
Key Events in the Week Ahead 19/25-12-2022
Investors will enter the new week trying to digest the hawkish messages from Fed and ECB, both central banks raised the interest rates the previous week and left the door open for higher terminal rates.
Nonfarm payrolls – NFP
Nonfarm payrolls are a monthly report from the U.S. Department of Labor that measures the number of jobs created in the country excluding farm workers. The report is significant for the global market
Rivian (RIVN) to Join Nasdaq 100 Index
Rivian (RIVN) would be among the six companies to enter the Nasdaq 100 index on December 19, which represents the 100 biggest companies listed on the Nasdaq exchange.
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