Major central bank decisions will take center stage this week but don’t discount the impact of the PMI data that we will see today. In the case of the Eurozone, this could play a role – alongside inflation data – to manage expectations for September. The yen is slightly higher today but the bulls were
In this article CVNA Follow your favorite stocksCREATE FREE ACCOUNT A Carvana glass tower sits illuminated in Oak Brook, Illinois, Feb. 23, 2022. Armando L. Sanchez | Tribune News Service | Getty Images Carvana has reached a deal with noteholders to reduce the used car retailer’s total debt outstanding by over $1.2 billion, the company
Share: S&P 500 corrective mode following TSLA, NFLX earnings and Thu manufacturing plus unemployment data, continued Friday – too early yet to call this correction as over as the encouraging open had been eventually sold into. It‘s all about Fed tightening bets meeting soft landing estimates. Well, what estimates I say when LEIs are still
The metal benefitted from the peak rate narrative being pushed by the markets as inflation readings in the US, Australia, New Zealand, and the UK came in short of forecast, which has given rise to a possibility of key central banks soon hitting a pause button in their rate hike mission aimed at reining in
WTI w 200dma The chart of WTI crude oil pretty much speaks for itself. Baker Hughes reported that US drillers cut rigs by 7 this week and with the inventory of drilled but uncompleted wells nearly zeroed out, there aren’t many taps to turn on. The message from the oil market is simply that $77
UPCOMING EVENTS: Monday: EZ-UK-US PMIs. Tuesday: US Consumer Confidence. Wednesday: Australia CPI, FOMC Policy Decision. Thursday: ECB Policy Decision, US Jobless Claims, US Q2 GDP. Friday: BoJ Policy Decision, US PCE, US ECI. Monday: The Eurozone Manufacturing PMI is expected to tick lower to 43.3 vs. 43.4 prior, while the Services PMI is seen at
In this article IBM Follow your favorite stocksCREATE FREE ACCOUNT IBM Chairman and CEO Arvind Krishna appears on a panel session at the World Economic Forum in Davos, Switzerland, on Jan. 17, 2023. Stefan Wermuth | Bloomberg | Getty Images IBM reported second-quarter earnings on Wednesday that topped analysts’ estimates as the company expanded its
People use breakout strategies all the time, but are they using them correctly? In this video, I show you how to avoid false breakouts and only go in when you are confident the price will head in the direction you want it to. Enjoy! If you learned something new, leave a like. 📈 My Private
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This video is on a new forex trading strategy that we’re working on. This forex trading strategy is actually made up of components of some of the best trading strategies out there and is still very much a work in progress. In the trading strategy we start technically analysing EUR/USD from the monthly chart and
Amidst speculations that a potential appeal by the US SEC could negatively impact the crypto market, Pro-XRP lawyer, Attorney John Deaton has made it clear that even in the event of an appeal by the agency, it would not significantly affect XRP holders. After the judge’s ruling stating that the programmatic sale of XRP tokens
Share: USD/JPY bears are waiting to make the move. Bears eye key resistance near a 61.8% Fibonacci, but note higher prospects. The yen dropped against the dollar on Friday after Reuters reported the Bank of Japan (BoJ) is leaning toward keeping its key yield control policy unchanged next week. We have seen a range of
After three straight quarters of outflows, gold exchange-traded funds (ETFs) attracted Rs 298 crore in the April-June period, and experts believe that investors will continue to invest some portion of their assets in the safe haven product. However, the inflows were down by almost 80 per cent compared to the year-ago period. On the other
The price of WTI crude oil futures is settling near the high for the day at $77.07. That’s up $1.42 or 1.88%. The low for the day was at $75.69. The closing level is just below the 200-day moving average at $77.18. Recall from last week the price tested that level and rotated back down
oil with 200 dma WTI crude oil has been flirting with the 200-day moving average all week and finally had a look above it, rising to $77.29. However it wasn’t able to break the weekly high of $77.32 and has backtracked slightly to $77.06. In all, I wouldn’t be comfortable calling that a technical break
In this article UAL Follow your favorite stocksCREATE FREE ACCOUNT A United Airlines airplane flies in front of the Empire State Building and One Vanderbilt in New York City as it comes in for a landing at Newark Liberty International Airport in Newark, New Jersey, Dec. 3, 2021. Gary Hershorn | Corbis News | Getty
Share: EUR/GBP fails to decisively break above the 100 and 200-day EMAs at 0.8664 and 0.8679, respectively, after hitting a two-month high at 0.8700. If EUR/GBP pulls back, support levels emerge at 50-day EMA at 0.8619, 0.8600, 20-day EMA at 0.8594, and July 10 high at 0.8584. A break above 0.8700 will set sights on
COMEX gold rose during the first half of the week as recent data from the US, particularly the CPI and retail sales, showed that price pressures are cooling, warranting a smaller Fed action than previously expected. Investors are now expecting the US Fed to hike rates by 25 bps in July and pushed back against