The Amazon share price was lower by 2.5% as the retreat from highs near $2,550 continues. The technical pattern on the weekly chart suggests the potential for further losses.
PositionMarket Analyst (Writer)
JoinedAug 21, 2020, 10:11 BST
Articles504
Kevin George has over twelve years' experience in financial markets trading, which included stints in London and New York, trading equities and currencies. He has also traded in commodities, equities, futures and options. He has extensive technical-experience and combines this with a fundamental overview.
He has published for SeekingAlpha, where he runs his own subscriber newsletter and graduated with an MSc in finance in 2017.
Ocado jumped to a new all-time high after a positive trading statement on Tuesday for the online retailer. The company said revenues had come in at £587.3m to the end of August.
The AUDNZD pair was slightly higher on the day after better than expected jobs numbers from the Aussie economy edged out the Kiwi GDP release.
The Ripple XRP price has rallied in the last week with BTC after the U.S. dollar bounce faded.
Dow Jones futures were around 300 points lower before the open after the index closed 36 points higher on Wednesday.
The AUDJPY pair was attempting a breakout in favour of the Japanese Yen despite better than expected Aussie jobs numbers.
The GBPUSD was lower on the day after a close just below the 1.3000 resistance level and the Federal Reserve stayed still on interest rates.
The Facebook share price sold off this week after Kim Kardashian announced a plan to "freeze" her accounts on the platform.
The US Dollar index was lower on the day ahead of the Federal Reserve interest rate decision but the price is still seeing support
Gains in the GBPNZD pair have evaporated in recent sessions after the latest drama in Brexit negotiations.
The Apple share price surrendered gains in yesterday's session to close flat on the day after the release of a new Apple watch was not the blockbuster event that investors expected.
The NZDJPY price was taking a pause ahead of key GDP numbers for the Kiwi economy.