Revolut reported revenues of £636.2 million in 2021, three times what it made the previous year, and swung to a net profit of £59.1 million.
Archiv für den Monat: März 2023
Stocks making the biggest moves after the bell: Novavax, First Solar, Rivian and more
These are the stocks posting the largest moves in after-hour trading.
Stocks making the biggest moves midday: Norwegian Cruise Line, Target, Advance Auto Parts and more
Hims & Hers soared on a smaller-than-expected loss for the quarter. Target rose after the company posted earnings.
Rivian posts mixed fourth quarter and underwhelming EV production outlook, stock falls
The results follow slower-than-expected production, unexpected pricing pressure and plans to lay off 6% of its workforce in a bid to conserve cash.
Virgin Galactic completes lengthy upgrade process ahead of resuming spaceflights
Virgin Galactic reported fourth-quarter results on Tuesday, with the company saying it remains on track to resume spaceflights in the coming months.
Rocket Lab quarterly revenue stays steady as space company doubles order backlog
Rocket Lab said Tuesday it has doubled its order backlog — from about $241 million in contracts at the end of 2021 to $503.6 million at the end of 2022.
Norwegian Cruise Line shares fall 10% as soft outlook, wider losses eclipse strong demand
Norwegian Cruise Line’s stock fell as high costs and debt weigh on the company even as travel demand has stayed strong.
US MBA mortgage applications w.e. 24 February -5.7% vs -13.3% prior
<ul><li>Prior -13.3%</li><li>Market index vs 199.8 prior</li><li>Purchase index vs 147.1 prior</li><li>Refinance index vs 469.9 prior</li><li>30-year mortgage rate % vs 6.62% prior</li></ul>
This article was written by Justin Low at www.forexlive.com.
XAU/USD Technical Analysis
<p>On the daily chart below, we can
see that the market has switched to a downtrend as depicted by the cross to the
downside of the <a target=“_blank“ href=“https://www.forexlive.com/Education/technical-analysis-understanding-moving-averages-20220425/“>moving
averages</a>. The sellers are in control, but the buyers have been fighting quite
hard lately as the momentum to the downside has been fading due to the market
awaiting March economic data to see if the February data was just a blip due to
seasonal factors or the Fed has indeed slowed its rate hike cycle too early. </p><p>Gold is sensitive to the
direction of real yields as when those go up the price of gold generally falls
and vice versa. The market repricing higher interest rates weighed on gold due
to hot economic data in February, so if we keep getting strong economic reports
in March, gold is likely to fall further. </p><p>On the 4 hour chart below, we can
see that the selling momentum was fading going into March as depicted by the <a target=“_blank“ href=“https://www.forexlive.com/Education/technical-analysis-understanding-divergence-20220429/“>divergence</a> between the price and the <a target=“_blank“ href=“https://www.forexlive.com/Education/technical-analysis-understanding-macd-20220427/“>MACD</a>. It will be crucial now to watch
the economic data, because technically the price now can rally all the way up
to the 1902 level as the <a target=“_blank“ href=“https://www.forexlive.com/Education/technical-analysis-trendlines-20220406/“>trendline</a> was breached. </p><p>The moving averages have also
crossed to the upside signalling a change in the short-term trend. Today we
have the <a target=“_blank“ href=“https://www.forexlive.com/EconomicCalendar“>ISM Manufacturing PMI</a> and if the report comes out
strong, then this upward move from yesterday may have been just a fakeout, but
if the data misses expectations, we should see another rally. </p><p>On the 1 hour chart below, we can
see more closely the breakout from yesterday. The red long period moving
average and the <a target=“_blank“ href=“https://www.forexlive.com/Education/technical-analysis-support-and-resistance-20220405/“>support</a> at 1828/1830 will be the last
line of defence for the buyers. If the price falls below the trendline and the
support zone, then the breakout would translate into a fakeout and a bigger
selloff should follow. </p>
see that the market has switched to a downtrend as depicted by the cross to the
downside of the <a target=“_blank“ href=“https://www.forexlive.com/Education/technical-analysis-understanding-moving-averages-20220425/“>moving
averages</a>. The sellers are in control, but the buyers have been fighting quite
hard lately as the momentum to the downside has been fading due to the market
awaiting March economic data to see if the February data was just a blip due to
seasonal factors or the Fed has indeed slowed its rate hike cycle too early. </p><p>Gold is sensitive to the
direction of real yields as when those go up the price of gold generally falls
and vice versa. The market repricing higher interest rates weighed on gold due
to hot economic data in February, so if we keep getting strong economic reports
in March, gold is likely to fall further. </p><p>On the 4 hour chart below, we can
see that the selling momentum was fading going into March as depicted by the <a target=“_blank“ href=“https://www.forexlive.com/Education/technical-analysis-understanding-divergence-20220429/“>divergence</a> between the price and the <a target=“_blank“ href=“https://www.forexlive.com/Education/technical-analysis-understanding-macd-20220427/“>MACD</a>. It will be crucial now to watch
the economic data, because technically the price now can rally all the way up
to the 1902 level as the <a target=“_blank“ href=“https://www.forexlive.com/Education/technical-analysis-trendlines-20220406/“>trendline</a> was breached. </p><p>The moving averages have also
crossed to the upside signalling a change in the short-term trend. Today we
have the <a target=“_blank“ href=“https://www.forexlive.com/EconomicCalendar“>ISM Manufacturing PMI</a> and if the report comes out
strong, then this upward move from yesterday may have been just a fakeout, but
if the data misses expectations, we should see another rally. </p><p>On the 1 hour chart below, we can
see more closely the breakout from yesterday. The red long period moving
average and the <a target=“_blank“ href=“https://www.forexlive.com/Education/technical-analysis-support-and-resistance-20220405/“>support</a> at 1828/1830 will be the last
line of defence for the buyers. If the price falls below the trendline and the
support zone, then the breakout would translate into a fakeout and a bigger
selloff should follow. </p>
This article was written by ForexLive at www.forexlive.com.
Bailey’s lack of conviction puts a drag on the pound
<p style=““ class=“text-align-justify“>Against the dollar, the pound briefly erased its gains for the day in a fall to 1.2013, before keeping around 1.2040 levels now – still up 0.2% on the day. But against the rest of the major currencies bloc, the pound is now the other laggard after Bailey’s remarks <a target=“_blank“ href=“https://www.forexlive.com/centralbank/boes-bailey-further-rate-hikes-may-be-appropriate-but-nothing-is-decided-20230301/“ target=“_blank“ rel=“follow“>here</a>. The bounce in GBP/USD was also perhaps more technical, with buyers holding at the key hourly moving averages:</p><p style=““ class=“text-align-justify“>Meanwhile, EUR/GBP is seen up 0.7% now to 0.8855 while GBP/JPY is falling back under its key daily moving averages, down 0.2% to 163.29 at the moment. For some context, the latter traded to as high as 164.50 earlier in the session.</p>
This article was written by Justin Low at www.forexlive.com.