Spirit Airlines stock soars 53% on debt refinancing extension

Key points Spirit Airlines stock jumped 53% on Monday. The catalyst was an extension the company got to refinance its debt. While the stock is cheap, it’s not a good value. Even with the huge gain, this penny stock is still down 86% YTD. Spirit Airlines (NYSE:SAVE) has endured its share of turbulence this year, but the stock was…

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Technical analysis for USCrude, XAUUSD, and EURUSD today (22 October 2024)

2024.10.22 2024.10.22 Short-term Analysis for Oil, Gold, and EURUSD for 22.10.2024 Alex Rodiоnovhttps://www.litefinance.org/blog/authors/alex-rodionov/ I welcome my fellow traders! I have made a price forecast for the USCrude, XAUUSD, and EURUSD using a combination of margin zones methodology and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders. Oil continues its corrective growth. The article…

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FX option expiries for 22 October 10am New York cut

There are just a couple to take note of, as highlighted in bold. The first one is for EUR/USD at the 1.0850 level. It coincides with the 100-hour moving average currently, which is where price action was held up in trading yesterday. As such, the expiries alongside the key near-term level there should limit any upside extensions in the…

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Gold price in Malaysia: Rates on October 22

Gold prices rose in Malaysia on Tuesday, according to data compiled by FXStreet. The price for Gold stood at 379.90 Malaysian Ringgits (MYR) per gram, up compared with the MYR 377.96 it cost on Monday. The price for Gold increased to MYR 4,431.09 per tola from MYR 4,408.43 per tola a day earlier. Unit measure Gold Price in MYR…

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European Central Bank President Lagarde speaks twice on Tuesday, Lane *2 also

The European Central Bank appear on track for another 25bp rate cut at their next meeting on December 12. They seem to be behind the curve. Times below are GMT/US Eastern time: 1400/1000 European Central Bank President Christine Lagarde in conversation with Francine Lacqua, Bloomberg 1500/1100 European Central Bank chief economist Philip Lane takes part in a fireside chat…

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