IBM gets in play | Market Outlook with Exness
2024-01-24
All eyes on PCE index publication on Friday!
IBM stock had broken through the long-term trading range, which might potentially trigger extension of a bullish trend.
After implementing AI and cloud computing technology, IBM gets on the radar of traders and hedge-fund managers again. Strong EPS and revenue expectations give more support for the stock. The overall market conditions of a stock market are bullish, as S&P500 and Nasdaq are at their peaks. Earnings season serves as a bullish factor for tech stocks, IBM included.
The critical release coming up this week is PCE index publication on Friday, which might boost volatility both for the US dollar and stocks.
Watch our market outlook for more.
Kickstart your FX trading with a technical look at the 3 major currencies
2024-01-22
The week is off to a modest up-and-down start to trading in the 3 major currencies. What at the technical telling traders to start the US session?