Tesla shares lost another 2.9 per cent overnight after data showed December sales of its China-made electric vehicles fell to a five-month low. They’re now sitting at US$110.34 a share, down from US$308.73 in September. The Reuters report below explains what’s going on. It partly has to do with China’s withdrawal of EV subsidies which ...

There was a slight increase in the number of Americans filing new claims for unemployment benefits last week. According to the US Labor Department, initial claims for state unemployment benefits rose by 9,000 to 225,000 (seasonally adjusted) for the week ending on December 24. But economists say the labour market still remains tight in the ...

This time of year is filled with “the best of” lists: movies, books, restaurants, electronics, toys, etc. My list has just one item. The best investment lesson of 2022 applies to virtually all investors: You should have at least some percentage of your portfolio in a fund that owns small-cap value stocks. It doesn’t have to ...

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XAU/USD struggles to bounce back Bullion whipsawed after the Fed’s rate hike came out in line with expectations. The price’s failure to hold above the critical level at 1680 may have triggered a long journey to the south. The RSI’s oversold condition led to some profit-taking by intraday traders. But stiff selling could be expected ...

Have a Great Weekend! Recap 9/09 – The S&P opened with a 17 handle gap up and then steadily and gradually moved 54 handles higher into a 3:44 PM high of the day. From that high, the S&P pulled back 10 handles into the close.   9/08 – The major indices had a very strong and ...

Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work ...

As written yesterday, GOLD achieved 1862 and actual 1864. SPX 3890 and actual 3873. WTI 108.55 and actual 108.65. EUR/USD 1.0721 and 1.0731 and actual 1.0745. Actual 1.0745 factored within the normal day trade time frame. USD/JPY downside targets 127.04 and 126.91. Actual at the end of day trade time 126.35. A breakout? Current USD/JPY ...

EUR/USD, “Euro vs US Dollar” EURUSD is consolidating around 1.0566. Possibly, today the pair may expand the range up to 1.0610 and then resume falling to break 1.0530. Later, the market may continue trading downwards with the target at 1.0303. GBP/USD, “Great Britain Pound vs US Dollar” Having completed the ascending structure at 1.2550, GBPUSD ...