Stock Market News

Amazon’s earnings: profit squeeze and regulatory blues? – Stock Market News

Posted on October 23, 2019 at 1:15 pm GMT

The world’s leading online retailer will announce its earnings for Q3 after Wall Street’s closing bell on Thursday. Profit margins are expected to have been squeezed, amid rising costs. Yet, perhaps most of the attention could fall on the performance of the firm’s cloud business. Beyond that, any comments by management about the recent antitrust investigations could also be crucial for the stock’s reaction. The e-commerce colossus is set to report earnings per share (EPS) of $4.60 in Q3 according [..]

Technical Analysis – Tesla stock unable to breach swing high; returns to 200-day SMA

Posted on October 23, 2019 at 7:51 am GMT

Tesla stock currently holds at the 200-day simple moving average (SMA) located at 254, which is also the 38.2% Fibonacci retracement of the down leg from 379.21 to 176.65. Sellers reversed the price – ahead of the resistance at 266 from July 24 – back down, denying further gains. The short-term oscillators are cautiously skewed towards a price improvement. The MACD, remaining above its red trigger line in the positive zone, has declined closer to it. Moreover, in the bullish [..]

Microsoft to report another solid quarter; focus on cloud computing – Stock Market News

Posted on October 22, 2019 at 4:39 pm GMT

Microsoft will report its first fiscal quarter earnings result on Wednesday after the market close. The tech behemoth, whose share price has soared by about 36% in the year-to-date, has been benefiting from impressive growth in its cloud computing business. But competition from the likes of Amazon’s Web Services threatens to put the brakes on Microsoft’s fastest growing revenue division. Strong earnings expected for September quarter The Company has been consistently meeting or beating its earnings estimates over the last [..]

Technical Analysis – GER30 index pauses despite bullish bias

Posted on October 18, 2019 at 12:58 pm GMT

GER30 stock index bulls have consolidated around the 12661 (resistance-turned-support) level of July 4. The bulls tried to extend higher, but sellers reversed the price back down to 12,590, which is the 23.6% Fibonacci retracement of the up leg from 11,878 to 12,815. Despite the sideways move, the short-term oscillators now lean towards an improving market. The RSI is reflecting a minor improvement in positive momentum as it has turned back up in bullish territory, looking to reclaim the 70 [..]

Technical Analysis – US30 stock index back to neutral; swing peak restricts more gains

Posted on October 17, 2019 at 2:28 pm GMT

US30 stock index buyers have been unable to decisively overcome the resistance of 27,069, despite the bullish signals backing the move which commenced on October 10. The 50- and 100-period simple moving averages (SMAs) have realigned themselves with the positive picture, completing a bullish crossover. The short-term momentum oscillators confirm the positive view despite the pause in the market, also reflected by the smoothing in the Tenkan-sen’s slope. The MACD is in the positive area and underneath its red trigger [..]

Technical Analysis – JP225 index remains bullish; consolidates at May high

Posted on October 16, 2019 at 3:05 pm GMT

The Japan 225 cash index’s recent rally has paused at the May high of 22,486 after producing a ten-month high of 22,612. Following an ascent that bounced off the 21,054 level, which is the 50.0% Fibonacci retracement of the up leg from 19,860 to 22,252, the signals are leaning towards a persisting positive outlook. The short-term oscillators reflect the bullish momentum is strengthening. The MACD is above its red trigger line and deep in positive areas, while the RSI is [..]

Technical Analysis – JPMorgan stock gathers some positive vibes below record highs

Posted on October 15, 2019 at 11:21 am GMT

JPMorgan Chase & Co saw its stock unlocking new record highs at 120.33 in mid-September before pulling back. The 200-day exponential moving average (EMA) strictly halted the downside correction thereafter as it did at some point in the past, allowing the bulls to regain some ground. The short-term risk looks to be tilted slightly to the upside as the RSI has softly increased above its 50 neutral mark and the MACD turned positive on Monday. Additionally, the triple exponential average [..]

US banks poised for a weaker earnings season – Stock Market News

Posted on October 14, 2019 at 4:07 pm GMT

It will be a “Bank week” for the US as the four largest banks by market capitalization will kick off the earnings season by reporting their financial statements for the third quarter. JPMorgan Chase, Citigroup and Wells Fargo will be announcing on Tuesday, while Bank of America will release its own numbers on Thursday. Under a lower interest rate environment, traders will be looking for any signs of weakness in net interest rate margins. Yet, the banking results may not appear as ugly [..]

Technical Analysis – CHI50 index remains positive; bulls falls short of the April 2019 high

Posted on October 14, 2019 at 3:35 pm GMT

CHI50 stock index seems to have lost some momentum as sellers reversed the index back down to the previous peak of 14,068 from July 1. The rally from the low of 13,373, failed to reach the April 2019 high of 14,239, but persisting positive signals keep it intact. The short-term oscillators reflect a stall in price. The MACD is deep in positive territory and has started to turn down, towards its red trigger line. The RSI, although having declined marginally [..]

Technical Analysis – GER30 index rallies above 200-period SMA

Posted on October 11, 2019 at 1:46 pm GMT

GER30 stock index extended higher as the bulls overcame the key resistance of 12,150, where the 50- and 200-period simple moving averages (SMAs) crossed each other. The bulls seem to still be in control as backed by the upward sloping 200-period SMA and the recent turning up of the 50- and 100-period SMAs. The short-term oscillators reflect positive momentum is intact. The MACD is ascending and has distanced itself above its red trigger line and into the positive region, while [..]

Legal disclaimer: The material does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instruments. XM accepts no responsibility for any use that may be made of these comments and for any consequences resulting in it. No representation or warranty is given as to the accuracy or completeness of this information. Consequently, any person acting on it does so entirely at their own risk. The research and analysis does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it.

It has not been prepared in accordance with legal requirements designed to promote the independence of research, and as such it is considered to be marketing communication. Although we are not specifically constrained from dealing ahead of the publication of our research, we do not seek to take advantage of it before we provide it to our clients. We aim to establish, maintain and operate effective organisational and administrative arrangements with a view to taking all reasonable steps to prevent conflicts of interest from constituting or giving rise to a material risk of damage to the interests of our clients. We operate a policy of independence, which requires our employees to act in our clients’ best interests and to disregard any conflicts of interest in providing our services.

CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losing all of your invested capital, so please make sure that you fully understand the risks involved.

How can we help?

Live Chat Terms