Rhys Adams

Tech giant Google has launched a beta version of its AI chatbot Bard in a bid to compete with OpenAI's ChatGPT.
Google shares strengthened on the news, rising 3.66% to $104.92 by the close of trading, and once up nearly 4% during the day.

The broke through strong resistance at $35.50 and quickly rose to $38 before pulling back, and is now at a 35.5 to 36.5 crossover. If it cannot fall below $35.5, I prefer this to be a correction (higher probability). Standing above $35.5, the price could rise to $38 in the future.
Buy: 35.7
Target: 38
Stop Loss: 34.85

sees another big rise in 2023 profit, with post-COVID rebound set to continue

The post-pandemic rebound at International Airlines Group (LON:ICAG) is set to continue in style this year.

The owner of British Airways and Iberia said on Friday it expects operating profit to rise by around 60% this year to around €2.05 billion (€1 = $1.0591) before exceptional items, after a sharp swing back to surplus in 2022 that followed two years of heavy losses.

Chief executive Luis Gallego said 2022 had been "a year of strong recovery, driven by sustained leisure demand and markets reopening." He added that "we continue to see robust forward-bookings, while also remaining conscious of global macro-economic uncertainties."

IAG finished the fourth quarter on a strong note, with a net profit of €232 million on an 81% rise in revenue to €6.39B. Operating profit was €486M, a turnaround from a loss of €305M a year earlier, thanks in part to a sharp rise in prices as its airlines cashed in on pent-up demand across Europe.

Passenger unit revenue was up 11% from 2019, with a particularly strong increase in the second half thanks to a sharp recovery in leisure traffic and a steadier one in business travel. The group's load factor, which measures how full its aircraft were, rose to 83.2% in the fourth quarter from only 71.5% a year earlier.

The group still expects to lose €200M on an operating level in the current quarter, usually the slowest of the year for airlines. However, it is now running at just below the capacity level it had immediately before the pandemic, with available seat-kilometers back at 96% of 2019 levels in the current quarter and expected to average 98% of 2019 levels over the full year.

The company is still having to cope with a heavy debt burden as a legacy of the pandemic. Net debt fell only moderately from €11.7B to €10.4B and is expected to stay around that level this year, not least because of capital spending commitments of €4.0B.

IAG stock fell 2.0% in early trading in response to the news, which contained no word of when shareholder payouts might resume. The stock has still to recover meaningfully from its collapse at the start of 2020.

Stocks limp toward biggest weekly fall of the year

World shares limped toward their biggest weekly fall of the year on Friday, though investors took heart from a dip in government bond yields as the incoming Bank of Japan chief ruled out an early end to its super-easy monetary policy.

There was focus too on the first anniversary of Russia's invasion of Ukraine, or "special military operation" as Russia terms it, as calls for peace, but also warnings about a wider escalation, came from both Washington and Beijing.

European share markets opened higher, with the pan region Euro Stoxx 600 up 0.4% though overnight falls in Asia and lower Wall Street futures prices Wall Street meant MSCI's main worldwide index was stuck in the red.

Europe's moves were partly helped by a pause in this month's sharp rise in global borrowing costs - a reversal of January's trend.

During a lower house confirmation hearing, Kazuo Ueda, who will take over as governor of the Bank of Japan (BOJ) in April, said ultra-low interest rates were still needed to support Japan's fragile economy, warning of the dangers of responding to cost-driven inflation with monetary tightening.

"Ueda is working hard to present himself as delivering continuity," said Sean Callow, senior currency strategist at Westpac. "At least to start with."

Japan's Nikkei share index closed up 1.1%, while its five-year government bond yield eased to 0.235%.

Ten-year Japanese bonds didn't trade on Friday due to thin liquidly, after breaching the upper limit of the BOJ's policy cap for two straight days. But the yen turned choppy as data also showed core consumer inflation hitting a 41-year high, keeping pressure on the BOJ to phase out its stimulus programme.

Meantime, MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.8%, for a hefty weekly drop of 2.0%.

In particular, Chinese blue chips tumbled 1.0% and Hong Kong's Hang Seng Index dropped 1.3% on comments from U.S. officials that it would increase the number of troops helping train Taiwan's forces.

UNWELCOME ANNIVERSARY

Wall Street was also pointing lower again having ended a topsy-turvy Thursday in positive territory for the first time in five sessions, albeit still on course for its worst week of the year.

Expectations U.S. interest rates will rise meant the dollar index, which measures the top world currency against six of its main peers, was hovering at 104.71, just shy of a seven-week high of 104.78. [/FRX]

Investors were eyeing the release later of the U.S. personal consumption expenditures (PCE) price index for January, the Federal Reserve's preferred inflation measure. The index is expected to be up 0.4% from a month earlier, compared with 0.3% the previous month.

On Thursday, an unexpected fall in new claims for unemployment and a revised uptick in the fourth-quarter PCE price index, suggested strength in the world's largest economy.

"The U.S. dollar index should extend its rise towards 106 if today's U.S. PCE deflators lift the US Treasury 2Y yield above the 4.5-4.75% Fed Funds Rate range," said analysts at DBS Bank.

Though most of the focus around the Ukraine war remained the loss of life and long-term geopolitical implications, it has also had a major impact on financial markets.

Aaron Dunn, co-head of value equity at Eaton (NYSE:ETN) Vance, said the most obvious impact when the war broke out had been the sharp increase in oil and gas and agricultural prices. Notably though, most of those moves have been largely reversed.

"You have basically retracted a fair amount of the gains in most of the energy markets in the back half of 2022," Dunn said, highlighting that the slump in natural gas prices meant it was now replacing coal again in Europe.

"That has helped the global economic picture," he explained. "The big question is now the top line, the economic performance, and in that respect China's reopening will play an outside role in the direction we go from here."

In the bond markets, the key Treasury yield, or the cost for the U.S. government to borrow in the international debt markets, eased to as far as 3.8590%, compared with the previous close of 3.8810%.

Benchmark European yields edged down too after Germany, the bloc's industrial power-house, said its economy shrank by slightly more than initially predicted in the fourth quarter of 2022. [GVD/EUR]

Germany's 10-year government bond yield fell 3 basis points to 2.44% after stronger-than-expected PMI data earlier in the week had pushed it to its highest level since August 2011.

In the oil market, Brent crude futures rose 0.8% to $82.84 while U.S. West Texas Intermediate (WTI) crude was also up 0.8% at $75.99.

Gold was fractionally higher at a spot price of $1,824.89 per ounce although it was on course for a fourth straight weekly drop.

Todays

Combining with various technical indicators, the bear force is strong today, the following are the operation suggestions:

Bias:Bearish
Entry:396.15
Target:391.4
Stop loss:401.3

Shares fall 3.35% after cutting subscription prices in more than 30 countries

bubble pop and TPDH setup BTC has

AMZN same bubble pop and TBDH pattern BTC has right now. 1-2 more false bottoms to go

Potential for Bullish Continuation

Looking at the H4 chart, my overall bias for TSM is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market.
Looking for a buy entry at 82.87, where the overlap support and 61.8% Fibonacci line is. Stop loss will be at 72.84, where the previous swing low is.
Take profit will be at 107.90, where the overlap resistance is.

200 finishes 0.4% lower, Rio falls 1.7% after reporting drop in profits

The S&P/ASX 200 fell 29.1 points or 0.4% to 7,285.4 during Thursday’s trade, extending losses of 0.4% in the previous session as materials led declines, as hawkish rhetoric from the Federal Reserve meeting minutes overnight sparked growing recession fears.

Materials led the declines, down 1.4% as Rio Tinto Ltd (ASX:RIO) dropped 1.7% after reporting earnings results. EPS came in at A$3 versus $3.09 expected, while revenues were at $55.554 million versus 24.438 million expected, resulting in a 38% drop in annual profits amid weaker iron ore prices on slowing demand from China.

BHP Group Ltd (ASX:BHP) fell 3.4% and Fortescue Metals Group Ltd (ASX:FMG) lost 0.3%.

Staples were 0.9% lower as Woolworths Ltd (ASX:WOW) dropped 1.4% and Coles Group Ltd (ASX:COL) lost 1.6%.

On the bond markets, Australia 10-Year rates were at 7-week highs of 3.892%.

In New Zealand, the NZX 50 added 0.8% to 11,888.5.

There is a bounce at the bottom but there is resistance at $297.25. If it can break this position, it may try to approach $298.35 and $300. If it cannot break this position, then the decline may continue.

Will Move Higher! Buy!

Hello,Friends!

In this market situation, I am looking at multiple indicators
And I can see bullish momentum accumulating on the pair right now
This setiment makes me bullish biased and I am considering a long!

Like and subscribe and comment my ideas if you enjoy them!

Review of

O:294.62
H:296.36
L:292.56
C:294.25

rose to $296.36 at the highest, congratulations to all friends who have made profits. Follow me for more pre-market analysis. Thank you for your support. If have any stock-related questions,DM is opening.