Stock Market News / Page 45

Technical Analysis – US 500 index tests downtrend line and moves lower

Posted on January 16, 2023 at 11:18 am GMT

The US 500 is finding strong resistance near the long-term declining trend line which encapsulates the peaks from January 2022. Also, the price successfully jumped above the 200-day simple moving average (SMA) and the bullish crossover within the 50- and the 100-day SMAs. The MACD is still moving above its trigger and zero lines, while the RSI is heading south in the bullish area. Immediate support to further declines may be taking place around the 200-day SMA at 3,960 before [..]

Key UK data this week; could the rally in equities be supported? – Forex News Preview

Posted on January 16, 2023 at 10:18 am GMT

With the Bank of England meeting scheduled in less than three weeks, pound followers will be enlightened on the underlying currents of the UK economy. Labour market statistics, inflation figures and retail sales data create a colourful mosaic in this third trading week of the new year. Every data point matters as the market tries to make up its mind regarding the monetary policy outlook. Weakness in economic data recently The data releases in the UK since the dawn of the [..]

Fed nears a hiking pause – history points to recession and possible October 2023 rate cut – Special Report

Posted on January 13, 2023 at 12:04 pm GMT

The Federal Reserve Bank has been on an aggressive tightening path since March 2022. A total of 425 bps of rate hikes have pushed the Fed Funds Rate to 4.25%, the highest level since December 2007. The market is pricing in an extra 58 bps of rate hikes by June 2023, but numerous forecasters have been quite vocal that the Fed could be making its last tightening move in the first quarter and then opting to pause. It appears quite plausible [..]

Technical Analysis – US 30 cash index pauses after strong start in new trading year

Posted on January 12, 2023 at 9:56 am GMT

The US 30 cash index has enjoyed a positive start in the new trading year, partly recovering from the correction seen in December. This move higher has not caused a noteworthy reaction to the momentum indicators. The Average Directional Movement Index (ADX) is hovering in sub-25 levels, but it is edging higher. Similarly, the stochastic oscillator has broken above its moving average and moves towards its oversold territory, potentially signaling that the recent short-term bullish trend is gaining traction. In addition, a descending [..]

Earnings season could be rough for an expensive stock market – Special Report

Posted on January 12, 2023 at 8:16 am GMT

The earnings season will kick into high gear this week and investors are bracing for turmoil. Earnings are expected to decline on a year-over-year basis for the first time since 2020, as weakening demand coupled with high cost pressures squeeze corporate profit margins. With valuations still quite expensive, such gloomy results could be the catalyst for another flush lower. Uncertainty Equity markets started the new year on a strong note, but it’s questionable whether this optimism will last. Leading indicators [..]

Technical Analysis – JP Morgan stock posts fresh 9-month high ahead of Q4 earnings

Posted on January 11, 2023 at 3:12 pm GMT

JP Morgan’s stock had been trending downwards for the biggest part of 2022, generating a profound structure of lower highs and lower lows. However, the share price has been attempting a strong rebound after finding its feet at the two-year low of 101.50 in mid-October. The momentum indicators currently suggest that buying pressures are intensifying. Specifically, the MACD histogram is strengthening above both zero and its red signal line, while the RSI is pointing upwards near the 70-overbought zone. In [..]

Major US banks kickstart Q4 earnings season amid intensifying recession fears – Stock Market News

Posted on January 11, 2023 at 9:37 am GMT

As usual, US financial institutions will be the first major companies to report their fourth quarter earnings, with JP Morgan Chase, Wells Fargo and the Bank of America unveiling their financial performance on Friday before Wall Street’s opening bell. Even though this earnings season will assess whether the corporate world finished 2022 on a solid note, investors will also pay close attention to banks’ future projections, which could set the stage for impending earnings revisions across all sectors. In addition, [..]

Technical Analysis – GER 40 cash index close to new high – does the move have legs?

Posted on January 10, 2023 at 11:23 am GMT

The GER 40 cash index has started the new trading year positively as it currently trades close to the highest level since March 30. This jump is another leg of the upward move that started on October 3 when it registered 11,809, the lowest print since November 4, 2011. The September 9 golden cross could have played a role in the latest move as the higher high recorded has been welcomed by the bulls. The momentum indicators appear to be [..]

“Five-day” rule points to positive annual US 500 performance – which sectors will lead? – Special Report

Posted on January 10, 2023 at 8:47 am GMT

The performance of the US 500 cash index on the first five days of the new trading year has been positive. Based on the famous “five-day” rule and our historical analysis, there is a 76% probability that the annual return would be positive in 2023, with an average annual return of 21%. The bulls could cherish these results but what about the US 500 sectors? Are there any sectors that follow more closely this rule and, therefore, could potentially be the [..]

Technical Analysis – US 500 cash index breaks rectangle; could this move last?

Posted on January 9, 2023 at 9:16 am GMT

The US 500 cash index has broken the upper boundary of imperfect rectangle it has been trading since December 20, but it is currently giving back some of the gains. This appears to be logical given the mixed signals provided by the momentum indicators. The RSI edged higher but now appears to be reevaluating, while the Average Directional Movement Index (ADX) seems unimpressed as it remains pinned down below the 25-level threshold. And the stochastic oscillator is once again complicating the overall [..]

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