$BAND
Bandwidth Inc
PRICE
$11.66 โผ-1.603%
Extented Hours
VOLUME
351,558
DAY RANGE
10.88 - 11.89
52 WEEK
9.34 - 29.07
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By Tom Westbrook SINGAPORE (Reuters) - Oil prices scaled one-year highs on Thursday while world stocks eyed their longest losing streak in two years as worries deepened about persistently high interest rates, sending investors to shelter in the safety of a surging U.S. dollar. A surprisingly big drop in U.S. crude stocks has stoked concern that fuel demand is outstripping production right when markets least needed another supply-side shock. U.S. crude rose 3.6% on Wednesday and another 1% on Thursday to hit $95 a barrel for the first time since August 2022. Brent futures hit a one-year high at $97.69. [O/R] The prospect of higher energy costs and the spectre of sticky inflation put more pressure on longer-dated bonds. Benchmark 10-year Treasury yields were steady in Asia, but at 4.599% are up more than 50 basis points this month. "It doesn't help," said ING economist Rob Carnell. "What's really starting to weigh on stocks is this upwards push in Treasury yields, and it's a pretty sensible response," he said, with equities at risk of further losses even if bonds rebound. Traders are also watching lawmakers' efforts to avoid a U.S. government shutdown. MSCI's index of global equities moved a fraction lower and could notch its 10th straight daily fall on Thursday, which would equal a long losing streak from 2021. MSCI's index of Asia-Pacific shares outside Japan was pinned near a 10-month trough. U.S. and European futures fluctuated either side of flat. Japan's Nikkei fell 1.8%, with investors selling stocks that went ex-dividend. The strong dollar has the Japanese yen within a whisker of 150-per-dollar, seen as a level likely to provoke an official response or intervention. [.T][FRX/] Dollar/yen hit 149.71 on Wednesday and traded at 149.40 on Thursday in Asia. The euro dropped 0.7% to a nine-month low of $1.0488 on Wednesday and last bought $1.0503. German and Spanish inflation data are due later in the day, as are a number of central banker appearances, most notably Federal Reserve Chair Jerome Powell at 2000 GMT. CHINA BREAK Chinese markets limped toward a long holiday that begins on Friday and the break may be a welcome one for traders since recent weeks have brought a drumbeat of bad news and selling. On Thursday shares in cash-strapped developer China Evergrande (HK:3333) were suspended in Hong Kong after a report that chairman Hui Ka Yan was under police watch. The stock, once worth more than HK$30, had closed at HK$0.32 on Wednesday. Investors worry a liquidation would further damage the tanking property market and stifle signs of recovery in parts of the Chinese economy. "Chinaโs property-sector stress will continue to pose cross-sector credit risks in the near term," said Fitch Ratings on Thursday. "The governmentโs modest policy easing to date is unlikely to drive a sharp turnaround in homebuyersโ sentiment." The Hang Seng fell 1% and is close to a 10-month low. The mainland CSI300 fell 0.2%. China's yuan is also coming under pressure and only a very strong fixing of its trading band has held off sellers. The yuan last changed hands at 7.3057 per dollar, not far from the weaker extremity of its trading band. Higher energy prices helped the Australian dollar to stabilise at $0.6378. [AUD/] Gold is heading for its worst week since February as the rise in Treasury yields drives investors out of the precious metal, which pays no yield, and it nursed losses at $1,875 an ounce.
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@trademaster #TradeHouses
Investing.com-- Gold prices fell in Asian trade on Tuesday, facing consistent pressure from a stronger dollar and higher Treasury yields as Federal Reserve officials reiterated the bankโs outlook for higher interest rates. Minneapolis Fed President Neel Kashkari said in an address on late-Monday that he saw rates rising at least once more in 2023, and that they were likely to remain higher through 2024. His comments echoed those made by Fed Chair Jerome Powell last week, who said that sticky inflation and a tight labor market will likely elicit one more rate hike this year. Powell also downplayed expectations for a large band of rate cuts next year, with the Fedโs target rate set to remain above 5% through 2024. The outlook for higher rates dented goldโs prospects, given that higher yields push up the opportunity cost of investing in the non-yielding asset. This weighed particularly on the outlook for prices, with gold futures losing more than the spot price in recent sessions. Spot gold fell 0.1% to $1,913.62 an ounce, while gold futures expiring in December fell 0.2% to $1,932.25 an ounce by 00:02 ET (04:02 GMT). Both instruments were at a 11-day low. Dollar at 10-mth peak, yields hit 16-year high with shutdown in focus Pressure on metal markets came chiefly from a stronger greenback, as the Fedโs hawkish rhetoric pushed the dollar to its highest level in 10 months against a basket of currencies. Treasury yields also surged in the wake of the Fedโs meeting last week, with the benchmark 10-year rate at its highest since 2007. Growing fears of a U.S. government shutdown did little to deter the dollarโs advance, with higher rates also increasing the greenbackโs safe haven appeal over gold. Congress has less than a week to pass a spending bill and avert a shutdown. But both Republican and Democrat leaders indicated little progress was being made towards reaching consensus. While gold is a safe haven, it has seen little actual gains during past government shutdowns. The 2018-2019 shutdown, which was the longest in U.S. history at 35 days, only saw a $20 appreciation in spot prices. Copper prices dip, China jitters persist Among industrial metals, copper prices extended losses on Tuesday amid persistent concerns over an economic slowdown in China, the worldโs largest copper importer. Sentiment towards the country was dealt a fresh blow this week as beleaguered property developer China Evergrande Group (HK:3333) said it will be unable to issue new debt due to a government investigation. This ramped up concerns over more regulatory scrutiny towards the sector, which is already struggling with a three year-long cash crunch. The property sector is also a key driver of copper demand. Copper futures fell 0.1% to $3.702 a pound, and were close to 1-ยฝ month lows. Focus this week is now on purchasing managersโ index data from China for more cues on business activity.
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Is there any indicator for VWAP yearly band for TradingView Platform?
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Key Metrics
Market Cap
280.65 M
Beta
0
Avg. Volume
419.86 K
Shares Outstanding
23.68 M
Yield
0%
Public Float
0
Next Earnings Date
2024-02-22
Next Dividend Date
Company Information
bandwidth is a software company thatโs transforming the way people communicate and challenging the standards of old telecom. together with our customers, weโre unlocking remarkable value, questioning the status quo, and helping people interact with technology and one another, oftentimes in ways they never dreamed possible. havenโt heard of bandwidth? well youโve probably used one of our products before. we power some of the most important communications technologies on the market todayโnames like google, skype and ring central to name a few. at bandwidth, weโve got a passion for doing things the other way โ imagining what they could be and uncovering opportunities to take a new approach to create what should be. weโre out to disrupt the century-old rules of the telecom industryโand that means doing things differently in every area of our business. itโs in the way we treat our people, and how we create with our customers. whether our engineering teams are crunching code during all-night
CEO: David Morken
Website: http://www.bandwidth.com
HQ: 900 Main Campus Dr Raleigh, 27606-5177 North Carolina
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