People volunteer for Covid-19 surveillance testing using the Quest Diagnostics self administered PCR test on on July 12, 2020 in Livingston, Montana. William Campbell | Getty Images Quest Diagnostics said Thursday that continued high demand for Covid-19 testing helped drive record revenues and earnings for the company in the fourth quarter and full year 2020.
Month: February 2021
Japan’s economic recovery from the coronavirus pandemic induced worst postwar recession is seen losing steam in the October-December quarter, according to the latest Reuters poll of economists. Key findings “The economy is said to have marked a quarter-on-quarter expansion of 2.3% in October-December, as improving exports made up for some of the weakness in consumption.”
3 Simple Moving Average Crossover Forex Trading Strategy|Triple EMA Forex Strategy SIMPLE Vs EXPONENTIAL MOVING AVERAGE Simple Moving Averages (SMA) have more lag. SMAs are more suited for trading on longer time frames (over 1 hour). These can also be used to help identify support and resistance areas, especially the 200 SMA. Exponential Moving Averages
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Rapper Snoop Dogg and Kiss’ Gene Simmons have been both expressing their support for the “Doge Army” over the weekend alongside Tesla CEO Elon Musk. As a result, the cryptocurrency’s price has rallied once again by 27% on Feb. 7. DOGE is the native cryptocurrency of Dogecoin, which has become a household name in recent months. So
1st time above 200 hour moving average since January 27 The AUDUSD is trading to a new session high and in the process has moved above the high from yesterday, the 38.2% retracement and the 200 hour moving average (green line) all around the 0.7645 area (give or take a pip). Bullish. The price move above the 200 hour moving averages
The report from the US Energy Information Administration (EIA) shows that total crude oil and petroleum products (ex. SPR) stocks gained +2.92 mmb to 1324.8 mmb in the week ended January 29. Crude oil inventory slipped -0.99 mmb (consensus: +0.45 mmb) to 475.66 mmb. Stockpile decreased in 4 out of 5 PADDs. PADD 2 (Midwest)
A view outside a Kohl’s store in Miramar, Florida. Johnny Louis | Getty Images Kohl’s on Thursday released preliminary fourth-quarter results, anticipating sales to be down about 10% year over year, and same-store sales dropping 11%. Its shares were up about 1% in premarket trading. Chief Executive Michelle Gass said digital sales represented more than
What you need to know on Monday, February 8: The greenback gave up ground on Friday, ending the week with uneven results. The catalyst was a mixed US employment report, which showed a tepid job creating a downward review to December figures, but an improving unemployment rate. Commodity-linked currencies were able to post modest weekly
First break above 100 day moving average since May doesn’t go so well The USDDCHF moved above its 100 day moving average (and closed above) in trading yesterday. That was the 1st close above the level since May 25. However the break didn’t go so well. We are currently trading back below that moving average line. The 100
Rapidly rising oil prices are signalling the need for more production in the second half of the year to halt the fall in global inventories and satisfy recovering consumption as epidemic-related travel restrictions ease. Global petroleum stocks have fallen by almost 600 million barrels since May 2020, after rising by over 1.2 billion barrels in
Sterling jumps sharply after BoE indicated that it didn’t want to send a signal to the market on adopting negative rates. Dollar is also firm on overall mixed market sentiments. Thanks to the selloff against both the Pound and the greenback, Euro is currently the worst performing one for the day, trailed closely by the
Unity CEO John Riccitiello speaks onstage during Day 1 of TechCrunch Disrupt SF 2018 at Moscone Center on September 5, 2018 in San Francisco, California. Steve Jennings | TechCrunch | Getty Images Unity Software shares fell as much as 14% in extended trading on Thursday after the video game engine developer provided a forecast that
NYSE: GME has kicked off Wednesday’s trading with a surge of some 20% to above $100. Bargain-seekers are jumping on GameStop Corp after it lost 60%. Retail traders on WallStreetBets have been split over the move to silver. Update: GameStop (NYSE: GME) is for a second consecutive day of moderate gains – an increase of roughly
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The price of Bitcoin (BTC) broke above $40,000 on Feb. 6 for the first time in 23 days. But this time, the market sentiment is a lot calmer with a less overheated derivatives market. The combination of a less crowded Bitcoin futures market, the selling pressure from whales peaking, and a fast recovery could help
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