Volatility was the name of the game in the financial markets on Tuesday, as markets reacted to a fresh batch of tariffs plans and geopolitical tensions. Here are the latest headlines and how asset classes fared: Headlines: Protests have forced the shutdown of two crude oil export terminals in Libya U.S. Treasury Secretary Scott Bessent pushed for monthly 2.5%…
US GDP numbers today showed an expansion of 2.3% q/q annualized in Q4, below consensus expectations of 2.6% and last quarter’s 3.1% increase. That puts annual growth at 2.5%, which is solid and matches the Fed’s expectations but it’s not blockbuster. The real takeaway is the consumer with spending up 4.2% q/q annualized, beating expectations (never underestimate the US…
IBM stock rose as much as 13% on Thursday, its best intraday price action in more than a decade. IBM reported Q4 adjusted EPS of $3.92, 14 cents ahead of expectations. AI bookings rose $2 billion QoQ in the fourth quarter. Multiple analysts raised their price targets on IBM, impressed by guidance for 2025 FCF. International Business Machines (IBM)…
2025.01.30 2025.01.30 Detailed Candlestick Patterns Cheat Sheet Artem Parshinhttps://www.litefinance.org/blog/authors/artem-parshin/ Candlestick patterns are among the most popular tools utilized in technical analysis of the markets. Developed by Japanese rice merchants in the 18th century, these patterns have proven their worth and still remain widely favored in today’s trading strategies. There are many types of candlestick patterns, each offering unique signals…
Australia reported weaker than expected price pressures for the last quarter of 2024, further stoking expectations that the Reserve Bank of Australia (RBA) could start easing soon. The quarterly reading came in at 0.2% versus the 0.3% consensus, although the annual headline CPI ticked higher from 2.3% to 2.5% as expected. Still, the trimmed mean CPI or the RBA’s…
Stock heatmap by FinViz.com Thu, 30 Jan 2025 14:46:03 GMT Sector Overview: The heatmap reveals a dynamic day in the stock market, with the technology sector showing significant divergence. On one hand, Microsoft (MSFT) is experiencing a sharp drop of 5.71%, largely due to concerns over software infrastructure. In contrast, Oracle (ORCL) enjoys a rise of 1.76%, likely benefiting…
Christine Lagarde, President of the European Central Bank (ECB), explains the ECB’s decision to lower key rates by 25 basis points at the January policy meeting and responds to questions from the press. Please follow our Live Coverage here This section below was published at 13:15 GMT to cover the European Central Bank’s (ECB) monetary policy announcements and…
2025.01.30 2025.01.30 Mastering the Long-Legged Doji: A Trader’s Guide Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ A long-legged doji is part of the broader doji family. This candlestick pattern has long wicks or shadows. Traders use it to predict price reversals in the market. The pattern consists of a candlestick with a small body, which has almost the same opening and closing price. A…
The Federal Reserve maintained its benchmark interest rate range at 4.25-4.50% on Wednesday, pausing its recent string of rate cuts as policymakers assessed whether or not inflation is stalling to reach their target. Key Takeaways: Fed kept federal funds rate target range at 4.25-4.50% Decision was unanimous among voting FOMC members Statement noted economic activity continues to expand at…
Prior -14.5 Economic confidence 95.2 vs 94.1 expected Prior 93.7 Industrial confidence -12.9 vs -13.8 expected Prior -14.1 Services confidence 6.6 vs 6.0 expected Prior 5.9; revised to 5.7 Slight delay in the release by the source. Euro area economic sentiment edged higher to start the new year with a decent improvement in services sector confidence. While there was…
