Key Points To Watch Out For: Foxconn (TW:2317): Dominating in AI Technology Foxconn, officially known as Hon Hai Precision Industry, achieved record-breaking quarterly revenues, propelled by surging demand for servers that power artificial intelligence (AI) technologies. These results underscore the transformative impact of technological advancements on global supply chains. Foxconn shares gained 2% following the […]
U.S. Stock Futures Gain Ground Ahead of Key Employment Data
U.S. stock index futures rose on Monday, beginning the week on a positive note as investors anticipate the release of vital employment data later this week. Dow Jones futures were up 40 points, about 0.1%, S&P 500 futures were up 30 points, 0.5%, and Nasdaq 100 futures were up 180 points, 0.9%. Last Thursday, the […]
Dollar Declines on Jobs Data; Euro Gains on Services PMI
The U.S. dollar retreated on Monday, shedding some of its recent gains but remaining near its highest level in two years as traders awaited the release of key employment data later this week. The dollar index, which tracks the U.S. dollar against a basket of six other currencies, was trading 0.4% lower at 108.380, losing […]
Daily Technical Analysis EUR/USD: Hovering Around 1.0300 Ahead of Preliminary German Inflation Data
The EUR/USD pair is retreating from last session’s gains and trading around the 1.0300 mark in Monday’s session. Traders are closely monitoring the Eurozone Composite Purchasing Managers’ Index (PMI) and the preliminary German Consumer Price Index (CPI) data, both scheduled for release today. The pair is experiencing downward pressure as market analysts predict further declines, […]
OnEquity Highlights 2024
OnEquity, a global leader in multi-asset brokerage, proudly announces a series of transformative milestones achieved in 2024. These accomplishments underscore OnEquity’s unwavering commitment to providing unparalleled services and fostering innovation in the financial trading sector. Launch of the New and Improved Website In 2024, OnEquity has taken a significant leap forward with the launch of […]
Outlook for the Week of December 23 – 27
Key Points to Watch Out For: Inflation Appears to Be Dollar-Friendly The U.S. dollar has emerged as a dominant force in 2024, a sharp reversal from the dynamics of 2023 when Europe and other global markets struggled with persistent inflation. The Federal Reserve’s efforts to combat inflation have yielded significant progress, setting it apart from […]
Trump Adds Pro-Crypto Allies to Cabinet, Including Former Soccer Player Bo Hines
Bo Hines has been selected to head the newly formed “Crypto Council,” working alongside the “cryptocurrency czar,” as Michael Kratsios and Lynne Parker join in crypto-policy roles, among other appointments. U.S. President-elect Donald Trump continues to appoint cryptocurrency advocates to senior roles in his upcoming administration. In a post on his Truth Social account on […]
Celebrate the Holidays with OnEquity
As the festive season surrounds us with joy and gratitude, OnEquity wishes you Happy Holidays and a prosperous New Year! This special time allows us to reflect on the milestones we’ve achieved together in 2024, and we are deeply thankful for the trust you’ve placed in us for your trading needs. Your unwavering support continues […]
Today’s Stocks to Watch: Honda and Novo Nordisk
Key Points To Watch Out For: Honda Motor (HMC): Merger Plans Boost Shares Honda’s shares rose after the announcement that its board of directors agreed to evaluate a potential merger with Nissan. Additionally, the company reaffirmed its share buyback program, sparking optimism in the market and boosting investor confidence. Novo Nordisk (NVO): Regaining Ground After […]
U.S. Stock Futures Up, Light Trading in Shortened Holiday Week
U.S. stock index futures rose on Monday as Wall Street reacted positively to softer inflation data at the beginning of a holiday-shortened week. In Monday’s trading, Dow Jones futures were up 5 points, or 0.1%, S&P 500 futures were up 10 points, or 0.2%, and Nasdaq 100 futures gained about 60 points, or 0.3%. Trading […]