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XM Research - 2 months ago

Market Comment – Yen tumbles to fresh lows, dollar awaits GDP

Yen falls to new 34-year low ahead of BoJ decision Dollar traders await GDP and PCE data Wall Street mixed, gold stays on the back foot Will Ueda appear in a hawkish suit this time? The yen extended its tumble to a fresh 34-year low, falling below 155.00 per dollar. With less than 24 hours to go for the Bank of Japan’s decision, investors are likely sitting on the edge of their seats in anticipation of the gathering’s outcome.
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XM Research - 3 months ago

Alphabet Q1 Earnings: Strong ad business but AI initiatives lag – Stock Markets

Alphabet reports earnings after market close on April 25 Forecasts point to double-digit revenue and earnings growth Despite stock rally to record highs, valuation is cheap against tech clan Core business shines, but focus shifts on AI After an outstanding 2023, Alphabet has started 2024 on a firm note, outperforming major US indices amid heightened volatility.
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XM Research - 5 months ago

Magnificent 7 earnings assert dominance, focus shifts to Nvidia – Stock Markets

Magnificent 7 earnings endorse their relentless rally Tesla lags, while Apple shows some signs of weakness Valuations are stretched despite rosy projections   In their own world The so-called Magnificent Seven group comprised of Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta Platforms and Tesla has gone parabolic since early 2023, outperforming the broader US stock market by a wide margin.
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XM Research - 5 months ago

Is the 5,000 milestone in sight for the S&P 500? – Stock Markets

Mega-cap stocks drive S&P 500 towards 5,000 milestone AI and tech dominate the bull charge to unchartered territory But how sustainable is the uptrend? A wobbly start to 2024 It wasn’t the best start for Wall Street in 2024 as the major indices stumbled during the first week of the new year. However, it didn’t take long for Fed rate cut expectations to take off again and revive risk appetite.
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XM Research - 5 months ago

Market Comment – Investors lock gaze on Fed decision

Fed to stand pat, focus to turn on rate path signals Aussie falls after Australian CPI slows by more than expected Euro slides ahead of preliminary CPI data from Germany Wall Street trades mixed ahead of Fed decision Will the Fed pour cold water on March rate cut bets? The US dollar traded mixed against the other major currencies on Tuesday, but it is gaining ground today.
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XM Research - 5 months agoBullish

Technical Analysis – Alphabet storms to record highs ahead of earnings

Alphabet shares surge to consecutive all-time highs Momentum indicators are approaching overbought zones This poses asymmetric risks for the upcoming earnings report   Alphabet’s stock has been in a steady uptrend since October 2022, which has accelerated in the past couple of months. Zooming in the short-term picture, the price has been posting consecutive record peaks in 2024, but the advance is starting to look overdone from a technical perspective.
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XM Research - 5 months ago

Market Comment – Stocks, dollar steady after goldilocks data as Fed awaited

Stocks perky ahead of Fed decision as US data and China measures lift optimism Dollar and yields little changed after goldilocks reports, NFP eyed next Oil and gold spike on geopolitical concerns amid fresh ME tensions Markets await direction from the Fed Stocks were mixed on Monday amid a cautiously risk-on tone ahead of a very busy week for the markets that’s expected to get heated up mid-week by the Fed’s policy decision, culminating with the latest payrolls report on Fri
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XM Research - 5 months ago

Alphabet Q4 Earnings: Ad and cloud segments shine, focus on AI – Stock Markets

Alphabet reports earnings after market close on January 30 Forecasts point to double-digit revenue and earnings growth Despite its latest rally, stock remains cheap against tech clan Not great, not terrible Alphabet had a fantastic 2023, while the stock has started the new year in buoyant form as the hype around Artificial Intelligence (AI) stocks shows no signs of easing.
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XM Research - 7 months ago

Market Comment – Yen springs higher, nonfarm payrolls coming up

Japanese yen charges higher on rate hike speculation Dollar turns to US employment report - downside risks?  Stock markets climb as Google rekindles AI euphoria Yen takes the elevator up  The Japanese yen blasted higher on Thursday, gaining 2% against the US dollar after the Governor of the Bank of Japan provided the clearest indications yet that the era of negative interest rates is about to end.   Speaking before parliament, Governor Ueda said that calibrating monetary p
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XM Research - 9 months ago

Market Comment – Dollar climbs above 150 yen as Treasury yields rebound

Treasury yields rebound, lift the dollar ahead of US GDP data Dollar/yen rises past 150, rings intervention alarm bells ECB to take the sidelines, focus to fall on forward guidance Wall Street tumbles as Alphabet disappoints Will US GDP data add more fuel to the dollar’s engines? The US dollar extended its gains as US Treasury yields rebounded, with the 10-year benchmark rate resuming a move towards the psychological zone of 5.0%, briefly breached on Monday.
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XM Research - 9 months ago

Market Comment – Better-than-expected US PMIs help the dollar rebound

PMIs suggest the US economy entered Q4 on solid footing The divergence between US/Eurozone outlooks weighs on euro/dollar Aussie rallies on stickier inflation, yen pinned near 150-per-dollar mark Wall Street pays attention to corporate earnings Euro/dollar slides from near key resistance on PMI data Although the 10-year US Treasury yield held steady comfortably below the psychological zone of 5%, the US dollar was able to stage a comeback against most of its major counterpar
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XM Research - 9 months ago

Will Alphabet’s earnings tempt investors to buy more of its stock? – Stock Markets

Alphabet is expected to report a nearly 10% increase in revenue Despite latest rally, it remains relatively cheap compared to its peers Results are scheduled to be released on October 24, after closing bell Forecasts point to another quarter of solid results Since the prior earnings season, when Alphabet reported better-than-expected results for Q2, the firm’s shares rose more than 10%, outperforming all the other US mega-cap tech companies of the ‘Magnificent 7’ group.
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XM Research - 1 year ago

Daily Market Comment – Investors lock gaze on Fed decision

Fed expected to hike, spotlight to fall on hints about next moves Euro awaits ECB; aussie slides on inflation slowdown Wall Street gains, awaits Fed and more tech earnings Will the Fed hint at more hikes? The US dollar traded lower against most of the other currencies on Tuesday, but it seems to be stabilizing today as investors may have turned to a more cautious trading strategy ahead of the FOMC decision later today.
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XM Research - 1 year agoNeutral

Technical Analysis – Google’s stock lacks buying appetite ahead of earnings

Google’s summer trading in stock markets has been lacklustre compared to its spring rocket rally to a more-than-a-year high of 129.46. The stock has been swinging to the downside for more than a month now, but the support trendline from March has been protecting the market from a bearish trend reversal. The price bounced on the line last week, with the 23.6% Fibonacci retracement of the 83.27-129.46 upleg cementing that floor at 118.55. That said, buying interest remains muted according to
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XM Research - 1 year ago

Can Alphabet (Google) earnings impress as stock lags other tech giants? – Stock Market News

Google parent Alphabet Inc is scheduled to report its earnings results for the second quarter on Tuesday after the market close. With all the rage about Artificial Intelligence (AI), Alphabet has a lot to live up to as it has to prove to investors that it can keep up with Microsoft, which at the moment, is leading the AI race. Alphabet may yet have a few tricks up its sleeve but how well its ad business is faring will be just as important for the stock, which has been lagging its pears this year
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XM Research - 1 year agoBullish

Technical Analysis – Google slides but finds buy orders near 122.20

Google fell sharply last Wednesday, after hitting resistance at 129.40. However, the decline stopped near the 122.20 zone, where the stock found buying interest just yesterday. Overall, Google continues to trade above the tentative uptrend line drawn from the low of March 13 and also above all three of the plotted moving averages. This keeps the near-term picture positive.
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XM Research - 1 year ago

AI mania takes over Wall Street; is this a new bubble? – Stock Market News

Tech stocks are racing higher again, leaving all other sectors trailing far behind. However, it’s a bit different this time as it is no longer a broad rally in everything that is tech. This particular upswing is a lot narrower and is being driven by the buzz in artificial intelligence (AI), with anything AI-related getting caught up in the excitement.
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XM Research - 1 year ago

Daily Market Comment – Dollar and stocks struggle amid anxious calm before the storm

Tech earnings and US data awaited for direction as outlook remains clouded Lingering uncertainties drag US yields and the dollar lower; debt ceiling in focus Yen firms slightly after Ueda opens the door to future policy tightening Markets turn tense in wait-and-see mode Stocks slid on Tuesday while the US dollar crawled above fresh lows as investor anxiety was running high following a tense session on Monday amid a number of uncertainties weighing on the markets.
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XM Research - 1 year ago

Daily Market Comment – Markets steady after solid PMIs, US data and BoJ awaited

US business activity picks up in April, but Fed still seen pausing after May Mixed start for dollar and stocks before barrage of tech earnings and US data Yen steady ahead of BoJ decision; euro firmer after PMIs and hawkish ECB, GDP next Fed bets little changed after stronger PMIs Despite a slew of rate hikes and a mini banking crisis, the US economy has not edged any closer to a recession, defying yet again predictions of a sharp slowdown.
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XM Research - 1 year ago

Alphabet Q1 earnings: Ad revenue and AI frenzy take center stage – Stock Market News

Google’s parent Alphabet is set to unveil its financial figures for the first quarter of 2023 on Tuesday, April 25, after Wall Street’s closing bell. The third most valuable publicly traded company in the US will report alongside its tech competitor, Microsoft, in a period of fierce competition within the Artificial Intelligence (AI) sector. Investors will probably focus on how Alphabet’s flagship digital ad segment has fared during a period of a deepening economic slowdown and assess its
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