American Express Reports Third Quarter Results With $3.49 EPS, $16.6 B In Revenue
American Express reported a robust third-quarter performance, with a net income of $2.51 billion, or $3.49 per share.
Solana And Cardano: New Targets And Levels For Thursday
The price of Solana is in a slight pullback after Tuesday’s jump to $159.50. Cardano’s price is losing momentum after climbing to 0.370 on Tuesday
US Housing Starts & Building Permits Plunge In September
After surprisingly top the upside in August, Housing Starts and Building Permits disappointed in September, declining more than expected (-0.5% MoM and -2.9% MoM respectively).
Volvo’s Q3 earnings fall short: stagnant demand raises alarm for future growth
Volvo reported a larger-than-expected drop in Q3 adjusted earnings, falling to 14.1 billion crowns. The company predicts flat demand for heavy trucks in Europe and North America for 2025.
Taiwan Semiconductor Nullifies ASML Fears
Taiwan Semiconductor is the primary chip maker for Nvidia and Apple. In their optimistic earnings call, they reported that net income handily beat expectations.
EUR/USD Outlook: ECB’s Cut Expectations In Dec Mount
The ECB cut interest rates by 25-bps on Thursday after a similar move during the September meeting. The Eurozone economy has performed poorly compared to the US. Data revealed that US retail sales jumped by 0.4% in September.
Bull Of The Day: Vertex
Vertex provides tax compliance, reporting, data and document management, and determination solutions. In addition, the company’s services include tax return preparation, filing and tax payment, and notice management.
Alphabet And Microsoft Earnings Approach: Microsoft Looks Like The Safer Bet
As earnings season approaches, all eyes are on tech giants Alphabet and Microsoft, with the two set to report their financial results in the coming days.
USD/CHF Forecast: Dollar Poised For Breakout
The US dollar initially has fallen a bit against the Swiss franc only to turn around and show signs of life again.
Oil Prices Are Under Pressure Amid Demand Concerns
Brent crude hovers around $74 per barrel on Friday, on track for its most significant weekly drop in over a month, driven by worries about demand and an impending surplus.
Visa Inc. DCF Valuation: Is The Stock Undervalued?
Visa is the largest payment processor in the world. In fiscal 2023, it processed almost $15 trillion in total volume.
Bitcoin Price To $95,000? Here’s What Needs To Happen First
The Bitcoin price has now broken above the $68,000 mark amid a run of a 12% price increase in the past seven days. However, analysis says the Bitcoin price will not stop this surge anytime soon.
Analytical Overview of the Main Currency Pairs - Friday, October 18
The euro approached USD 1.08, a new low since early August, after the ECB, as expected, cut borrowing costs by 25 bps at the October 2024 meeting, with President Lagarde saying the decision was unanimous.
US Dollar Halts Recent Gains After China Steps Up Supportive Measures
The US Dollar turns flat to a touch softer on Friday with some profit-taking after steep rallies against many major G20 currencies this week.
Elliott Wave Technical Analysis: Adani Power - Friday, Oct. 18
Adani Power is an Indian multinational power and energy company, a subsidiary of Adani Group.
US Q3 Economic Growth Nowcast Strengthens
Output for Q3 is projected to increase by 3.1% at a seasonally adjusted annual rate.
Procter & Gamble Reports Mixed First Quarter Results With $21.7 Billion In Net Sales
Procter & Gamble's first-quarter results demonstrated a mixed performance, with a 1% decrease in net sales but a 2% increase in organic sales.
Visualizing Forty Years Of Health Insurance Cost Inflation
The Consumer Expenditure Survey (CEX) now covers forty years worth of data for how Americans households spend money.
CHF/JPY Forecast: Rallies Against JPY
The Swiss franc initially pulled back a bit against the Japanese yen during trading on Thursday to reach the 172.5 yen level only to turn around and show signs of life again.
Asia Week Ahead: Tokyo Inflation Takes Center Stage
Tokyo inflation data may be the data point to watch in the coming week, as it could meaningfully influence the timing of the Bank of Japan’s next move.