Stock Market News

XM Sponsors the 4th Cairo CFO Summit 2023

Posted on December 1, 2023 at 2:17 pm GMT

XM was the strategic partner and sponsor of yet another successful financial event. The 4th Annual Cairo CFO Summit took place on October 17, 2023, giving a unique opportunity to Business and Finance leaders to network, exchange their insightful ideas, and learn from each other. Our Principal Technical Analyst, Muhammad Radwan, educated the audience about the performance of the Egyptian currency and markets. Other speakers discussed industry developments and how business and financial professionals can navigate through digital transformations with [..]

Twitter earnings likely boosted by ad rebound but Trump ban may weigh – Stock Market News

Posted on February 9, 2021 at 7:09 am GMT

Twitter will be the last of the major techs to report its earnings on Tuesday, after the market close. The social media giant is expected to enjoy another quarter of improving revenue after advertising sales were hammered at the onset of the pandemic. The addition of new features and enhancements to the Twitter platform probably contributed to higher user engagement. The company has also been at the forefront of tackling online abuse and fake news, most notably when it suspended [..]

Technical Analysis – US 500 index favours upside despite minor dwindling

Posted on February 8, 2021 at 1:03 pm GMT

The US 500 index (Cash) seems to be faintly stalling above the red Tenkan-sen line around 3,890, after touching a fresh all-time-high of 3,907. Nevertheless, the Ichimoku lines are retaining a bullish tone despite the marginal pausing in the blue Kijun-sen line, while the upwards creeping simple moving averages (SMAs) are nourishing improvements in the price. Yet, for negative pressures to gain strength, the index would need to retract below the 3,814 level, which happens to be the 38.2% Fibonacci [..]

Technical Analysis – UK 100 index retreats below 50-day SMA; upside risks remain

Posted on February 3, 2021 at 2:14 pm GMT

The UK 100 index (Cash) retraced significantly from its 10½-month high of 6,955, plunging underneath the 50-day simple moving average (SMA), only to rebound near the previous trough of 6,312. The positive picture in the index, currently curbed by the 50-day SMA at 6,578, is holding onto hopes of returning higher. Also strengthening this view are the SMAs, which are maintaining a bullish demeanour. The short-term oscillators reflect the recent bounce and continue to favour the upside. The RSI, slightly below [..]

Alphabet’s Q4 revenue set to top $50 billion but antitrust investigations mount – Stock Market News

Posted on February 2, 2021 at 7:26 am GMT

Google’s parent, Alphabet Inc, will report fourth quarter earnings numbers on Tuesday after Wall Street’s closing bell. The Internet search giant is expected to post a double-digit jump in revenue as the company continues to diversify its income stream away from online ads. However, antitrust investigations against the online behemoth are mounting, raising fears about a potential breakup of the business. However, while those concerns have been a drag on the stock, it is still up more than 4% so [..]

Technical Analysis – US 500 index’s bounce on cloud may reinforce uptrend

Posted on February 1, 2021 at 2:13 pm GMT

The US 500 index (Cash) appears to be finding some footing off the upper surface of the Ichimoku cloud after its withdrawal from the all-time high of 3,867. Although the dipping red Tenkan-sen line is feeding negative price action, the climbing simple moving averages (SMAs) are safeguarding the ascent. For the retraction to begin to undermine positive belief, the pair would have to recede towards the 100-day SMA at 3,576. The short-term oscillators are reflecting conflicting signals in directional momentum. [..]

Technical Analysis – US 30 index’s pullback contested by 38.2% Fibonacci

Posted on January 28, 2021 at 3:23 pm GMT

The US 30 stock index (Cash) has found footing on the 30,047 level, which happens to be the 23.6% Fibonacci retracement of the up leg from 26,065 until 31,284, after receding from its latest all-time high of 31,284. Yesterday’s losses saw the index pierce below the 50-day simple moving average (SMA), last encountered in early November of last year, to only recoup most of them today with a bounce off the 23.6% Fibo. The rising SMAs are protecting the positive [..]

Technical Analysis – Apple stock suspends its gains; trend favours upside

Posted on January 27, 2021 at 12:16 pm GMT

Apple’s stock price appears to have frozen slightly beneath the freshly formed all-time high of 145.00 after gapping, in previous sessions, above the former 138.71 peak. The rising red Tenkan-sen line is promoting positive price action, while the climbing simple moving averages (SMAs) are defending the bullish picture. The short-term oscillators are transmitting mixed signals in directional momentum even though the improving tone remains. The MACD, in the positive zone, is strengthening far above its red trigger line, while above [..]

Technical Analysis – Apple stock suspends its gains; scale favours upside

Posted on January 27, 2021 at 11:57 am GMT

Technical Analysis – Amazon stock creeps sideways, forming possible triangle pattern

Posted on January 26, 2021 at 3:40 pm GMT

Amazon stock has been fluctuating over the last four months after the aggressive correction from the all-time high of 3,545. The stock appears to be edging eastwards in a more confined horizontal channel, developing into a possible symmetrical triangle. The price’s latest push up is currently being controlled by the triangle’s upper boundary, which is overlapping with the 3,346-3,364 ceiling of the more recent range in the stock. The Ichimoku lines overall are backing the directionless tone of the stock, [..]

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