Share: BABA stock loses 9%, moving below $80. Revenue for the fiscal Q2 misses consensus by $230 million. Management decides against spinning off the cloud business for now. Alibaba issues a $1 annual dividend to holders of ADS shares. Alibaba (BABA) stock closed at $79.10, down 9.15%, on Thursday. The market did not appreciate the
GOLD PRICES OUTLOOK Gold prices rally and break above technical resistance in the $1,975/$1,980 area Bullion’s gains are driven by a steep pullback in Treasury yields following disappointing economic data This article examines key XAU/USD’s levels worth watching in the coming trading sessions Most Read: EUR/USD Hits Snag After Breakout, Nasdaq 100 Stalls, Oil Prices
WTI crude oil witnessed a discernible retreat, influenced by several converging factors that underscore the intricate dynamics shaping the oil market. The appreciating value of the Dollar, a perennial force in commodity markets, played a significant role, casting a shadow over oil prices. Simultaneously, the imminent threat of a US government shutdown, contingent on the
Oil (Brent, WTI) Analysis (EIA) US storage data reveals massive inventory builds as many fear weaker demand Softer economic data continues to flow in for the US (NFP, CPI, retail sales) IG client sentiment offers few clues on potential price path despite net-long positioning The analysis in this article makes use of chart patterns and
Are you ready for a transformative trading experience? Join us in the ultimate 30-trades compounding challenge powered by TradeWise EA! 📈 I strongly suggested that you subscribe and watch this video before activating the dynamic lot sizing function. This will provide you with vital insights into the workings of the EA’s dynamic lot sizing and
© Reuters. TOKYO – Rintaro Tamaki, who served as Japan’s Vice-Minister of Finance for International Affairs from 2009 to 2011, reflected on past interventions in the currency market, particularly during the tumultuous period following the March 2011 earthquake and the Fukushima disaster. He highlighted these interventions aimed at stabilizing markets but also underscored the limitations
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any
In the world of forex trading, precision and timing are paramount. Every decision can make or break your investment. To enhance your trading strategy, you need a tool that can help you identify potential reversals and entry points accurately. This is where the Pinbar Detector Indicator comes into play. In this article, we will explore