Blogs

Tough Day For Google Parent Company

Forex

Alphabet Sinks Despite Earnings BeatThe harsher nuances of equities trading confronted tech bulls yesterday. Both Alphabet and Microsoft saw their stock prices plunging despite better-than-forecast headline results. Alphabet bore the brunt of the misery with the stock now down around 7% from the YTD highs seen earlier this week. On the numbers fron

Traders Brace For The Fed – DXY in Focus

Forex

Fed in FocusAll eyes today are on the US Dollar as the Fed prepares to deliver its January FOMC decision. While no policy change is expected this time around, traders will be carefully scouting the contents of the statement and post-meeting presser as they look to gauge when the Fed is likely to ease rates […]

Daily Market Outlook, January 31, 2024

Forex

Daily Market Outlook, January 31, 2024Munnelly’s Market Minute…“Focus Firmly On FOMC”Asian markets were mostly quiet as a result of numerous earnings and important data releases at the end of the month. Initially, the Nikkei 225 declined after disappointing Industrial Production and Retail Sales data, and was also affected by hawkish comments from

Aussie Slips Following Fresh Inflation Fall

Forex

Aussie Inflation Falls AgainThe Australian Dollar is looking a little softer across the European morning on Wednesday following the latest domestic data overnight. Australian CPI was seen falling back to 0.6% QoQ, down by half from the prior quarter’s 1.2% figure. On the year, inflation stood at 3.4%, down sharply from the prior 4.3% reading [&hell

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