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BP share price on watch ahead of Q2 earnings

BP’s share price has retraced more than 14% from its one-year high since June. Can its upcoming results boost its share price?    Yeap Jun Rong | Market Strategist, Singapore | Publication date: Monday 02 August 2021 IG When does BP report earnings? British Petroleum (BP) is set to release its Q2 financial results on 3 August, along with the announcement for its dividend payout.

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The Week Ahead On The Markets

The Week Ahead Read about upcoming market-moving events and plan your trading week. Week commencing 2 August Joshua Mahony’s insight Another busy week ahead, with both economic and corporate earnings playing a significant role in driving volatility as we move through th

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Post-earnings trade setups: Microsoft, Barclays, and Rio Tinto

With Q2 earnings season in full swing, Microsoft, Barclays, and Rio Tinto provide us with potential trading opportunities. This article looks at some of the big movers off the back of recent earnings announcements to try and find stocks that seem to provide a good trading opportunity. Typically, earnings announcements and trading statements will drive a shift or enhancement of market sentiment. While many see earnings as a significant risk when holding a stock, placing trades in t

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Dollar Edges Higher; Weekly Losses Likely on Dovish Fed

The dollar edged higher in early European trading Friday, but looks set to register a negative week after a dovish Federal Reserve meeting and some disappointing growth data.  At 2:55 AM ET (0755 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% higher at 91.998, having earlier fallen as low as 91.855 on Thursday, a one-month low. The index is currently around 1% lower on the week, its worst weekly showing since early May, and down arou

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Amazon Earnings Beat But Revenue Outlook Falls Short

Amazon (NASDAQ:AMZN) reported Thursday softer third-quarter revenue guidance and mixed second-quarter results as earnings beat, but revenue fell short of expectations. Amazon.com announced earnings per share of $15.12 on revenue of $113.1 billion. Analysts polled by Investing.com anticipated EPS of $12.24 on revenue of $115.33 billion. Net sales in North America rose to $67.55 billion from $55.44 billion in the the prior-year period. Amazon Web Services, its fast-growing cloud rev

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Introduction to Basic Trendline Analysis

In this series we will piece together the anatomy of a swing trade and discuss the tools along with the methodology used to construct a basic trade setup. While no one single strategy is perfect, these best practices can be utilized in conjunction with your own trading strategy to identify more favorable entry / exit points in trending market environments. Trendlines are the simplest and single most important (and largely underutilized) tool in your trading arsenal. Extending a line off key

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Dividend Adjustments 2nd August 2021- 9th August 2021

Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 2nd August 2021. If you have any queries or questions on this please let us know in the comments section below. For further information regarding dividend adjustments, and how they affect  your positions, please take a look at the video. NB: All dividend adjustments are forecasts and therefore speculative. A dividend adjustment is a cash neutral adjustment on your acco

Dollar Slips Down After Powell's Dovish Tapering Comments

The dollar weakened in early European trading Thursday, falling to two-week lows after further indications that U.S. interest rate hikes are still a distant event following the conclusion of the latest Federal Reserve meeting.  At 2:55 AM ET (0755 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.2% lower at 92.157, just higher than the two-week low of 92.097 reached earlier Thursday.  USD/JPY fell 0.1% to 109.78, GBP/USD rose 0

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Fed Keeps Rates Steady; Monitoring Progress on Taper Threshold

The Federal Reserve kept interest rates, and acknowledge that while progress had been made toward its threshold to start tapering monthly bond purchases, more time was needed to assess the progress at upcoming meetings.  The Federal Open Market Committee left its benchmark rate unchanged in the range of 0% to 0.25% and said it would continue its $120 billion monthly bond purchases. "Last December, the Committee indicated that it would continue to increase its holdings of Treasury secur

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Pfizer Off Lows As It Sees $33.5 Billion Revenue From COVID Shots

Pfizer (NYSE:PFE) stock came off earlier lows in premarket trading Wednesday and was down 0.4% as the company raised its annual guidance and pegged revenue from sale of its COVID-19 vaccines at approximately $33.5 billion. The revenue from COVID-19 vaccines reflects 2.1 billion doses expected to be delivered in 2021 under already-signed contracts as of middle of this month. It could supply up to 3 billion doses if expansion at current sites happens and new suppliers are added, Pfizer said.

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Fed to Stress Patience on Scaling Back as Virus Threat Lurks, Dollar waits for Fed

(Bloomberg) -- With the delta variant posing a growing risk to the U.S. economy, Federal Reserve Chair Jerome Powell and his colleagues are likely to emphasize patience on scaling back the central bank’s massive policy support. The Federal Open Market Committee is all but certain to hold interest rates near zero at the conclusion of a two-day policy meeting on Wednesday and repeat a vow to keep buying bonds at the current $120 billion monthly pace. The panel will release a statement at 2 p.

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BoE set to keep full-speed stimulus despite split over inflation risk

LONDON (Reuters) - The Bank of England looks set to keep its stimulus running at full speed next week despite two policymakers breaking ranks to suggest that its nearly 900 billion pound ($1.2 trillion) bond-buying scheme might have to end early as inflation speeds up. Britain's economy is rebounding quickly from its almost 10% crash of 2020, when the country suffered a higher COVID-19 death toll and longer lockdowns than most other nations. With consumers back in shops, bars and resta

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