Ichimoku Kinko Hyo CNH/JPY: The CNH/JPY pair is trading above the Kumo…
AIG earnings: beating the local highs?
Information is not investment advice
AIG reports its Q4’2020 results after February 16 midnight MT time, with the consensus expected EPS of $0.98.
The last report was very strong. On November 5, AIG reported an EPS of $0.81 that beat the expectation of $0.55. Combined with other outperforming figures, it pushed the stock price from $33 to $37 per share and made it establish a new tactical support area.
Currently, the stock trades above $41. If the report beats the expectations, the price will likely rise back to $42.50 to beat the local high and open the way to $50: don’t forget AIG still hasn’t recovered from the virus plunge! In the opposite scenario, a weak report will likely press the stock to $40. Be there to trade it on the FBS Trader!
A United Nations agency is warning that the central bank’s actions create a high risk of pushing the global economy into recession.
Inflation in New Zealand is the highest since 1990, edging to 7.3% in Q2 2022. The currency is under heavy pressure as the Reserve Bank of New Zealand is trying to reverse the inflationary spiral. The week ahead will give us a valuable clue about the country’s monetary policy, and we are here to talk about that.
In the middle of September 2022, the Canadian dollar has fallen to a 2-year low against the USD.