In general, the USD/CAD spiked up 115 base points and it is not clear why. There were no such moves on other USD assets, which indicates that it is the weakness of the CAD that caused the spike up. Some news outlets attribute it to the comments on macroeconomic policy made by the Bank of Canada Deputy Governor Sharon Kozicki
At the start of Tuesday's UK trading hours, the stock price for Barclays plummeted almost 5.69% or 9.14 GBP. The move was caused by an anonymous investor dumping a total of 3.00% of the company's whole stock. The investor remained anonymous by executing the sale through Goldman Sachs.
The stock price of EQT Corporation jumped due to the news that the United States and the European Union have made a deal on Liquified Natural Gas sales. EQT is one of the large producers of this type of gas in the US. Meanwhile, on the daily candle chart, the stock broke a channel up pattern, which captures the surge
On Monday, the Swiss National Bank announced that it would intervene into the currency markets to keep the value of the Swiss Franc down. The currency has experienced recent safe haven inflows due to the war in Ukraine. The USD/CHF reacted to the news with a 0.50% surge during a period of less than two hours.
On Monday, Tyson Foods revealed its quarterly earnings to be at $2.87 per share, compared to the estimate of $1.93. The stock price reacted to the news with a 12.46% surge. In general, the company made such profits due to the ongoing surge in inflation and, namely, food prices. Tyson Foods is one of the largest meat processors in the
At the start of Wednesday's US trading, the price for Alphabet hit a new all-time high level at $3,030.00. The stock jumped at the start of trading due to better than forecast quarterly earnings report. The company has grown its year-on-year revenue by 40.00%.
At the start of Wednesday's US trading hours, the stock price for AMD jumped more than 10.00%. The surge occurred due to better than forecast earnings report. Namely, earnings were higher by 21.15% than forecast, as Earnings per share came in at 0.92, compared to an estimate of 0.76. Meanwhile, Revenues increased by 6.71%.
After Tuesday's US trading hours, PayPal published the company's quarterly results. In general, PayPal revealed that growth of the company had continued to decline. The stock price reacted with a 15.00% drop in the afterhours. Due to that reason a gap opening down was expected on Wednesday. Total payment volume increased by 23% to $339.5 billion in the last quarter. Meanwhile,
On February 1, UPS published record quarterly earnings and hiked their dividend rate. The stock price reacted to the new with a 14.29% jump.
The stock price of LVMH jumped by 5.27% at the start of Friday's trading, as the company announced that its sales growth had accelerated in Q4.
On Wednesday, the stock price of Philips plummeted by 16.00%. The stock price erased all December gains and reached below the 29.00 EUR mark. The decline occurred, as the company announced that shortages and recalls had impacted profits. Namely, fourth-quarter profits were set to decrease by 40.00% or 650 million Euros.
During Tuesday's trading hours, the prices for crude oil surged, as gains in price benchmarks almost reached 3.00%. Since December 01, the prices for crude oil had regained 25.00%, as a recovery of demand and OPEC+ supply manipulation boosted prices. Namely, the impact of the Omicron variant has been observed to have low impact, as OPEC+ decided to
On Tuesday, the stock price for Deutsche Bank dropped 1.90%, and Commerzbank lost 3.20%. The drop was caused by the US investment firm Cerberus selling its holdings in the two banks. The company sold a total of $500 million worth of shares. In the future the firm would hold 2.00% of Deutsche bank and 3.00% of Commerzbank.
At the start of Thursday's US trading, the stock price of Netflix declined 2.95% or $16.73. The share price had declined 21.14% since the November 17 high level. The decline could be attributed to a string of bad news. Among the news titles about the company during the prior months were topics like lawsuits over use of films clips,
This week, Ford revealed that the company's 2021 United States Sales had decreased by 7.00%. The news were met as positive by the markets, as the stock price had surged nearly 20.00% during the first three days of 2022 trading.
During Wednesday's European trading hours, the stock price of Airbus approached the stock price's July 29 high level at 121.00 Eur. The recent surge of the company's stock price had reached above the 26.00% mark from the November 26 low level. The surge was attributed to news that the company initially reported new orders for airplanes. Most recently, Airbus
During early Monday's trading hours, the stock price of Tesla reached above the $1,100.00 mark, as the recovery from the December low had extended to 25.00%. The stock price had declined due to sales being done by the company's CEO Elon Musk that were made to gather up funds needed to pay income taxes. The recent recovery started, as
On Wednesday, the stock price of Airbus surged by 4.01% or 4.28 EUR. During the last three trading sessions, the asset had gained more than 10.00% against the common European currency. The stock price surged above the previous December high level and reached levels not seen since November.
During the first hours of Wednesday's US trading hours, the stock price for Tesla surged by 8.27% or $77.67. The surge was attributed to news that the company had submitted documentation for the creation of its new factory near Berlin, Germany.
On Tuesday, the Turkish Lira gained nearly 15%, as the President of Turkey Tayyip Erdogan revealed that local currency deposits would be guaranteed against market volatility. During the Tuesday's volatility, the USD/TRY retraced as much as 38.56%, compared to the high level, which was touched on Monday.
On Wednesday, the price for Apple stock hit a new all-time-high at $174.40. Since October 4, the stock price has gained almost 26.00% or $36.00. The most recent surge of the stock was caused by the news of Apple signing a $275 billion deal with the Chinese government. Apple is set to decrease threats to the devices and various services
During the early hours of Tuesday's trading, the stock price for AMD reached above the $164.00 level. The stock price extended its surge to 64.00%, as the share price has been gaining continuously since October 6. The stock surge can be attributed to the fact that AMD gained Meta Platforms as a customer and strong forecasts of data center and gaming
During Tuesday's US trading hours, the stock price for Twitter continued to plummet, as the price reached below the $44.00 mark. The decline was an extension of the more than 36.00% decline, which started on October 20. Stock price of Twitter has been hit by various news among which are the stepping down of the company's CEO Jack Dorsey and missing user
On Tuesday, the price for light crude oil reached below the $67.50 level, as the commodity price resumed its decline and touched August levels. Previously, crude oil prices plummeted on Friday, as a new coronavirus variant, Omicron, was revealed. The new variant is expected to cause a major drop in demand for energy products due to possible emergency lock-downs.