Author: FX
Shares of the Coca-Cola Company (NYSE:KO) were on track for their seventh straight session of gains, rising 1.3% in afternoon trading. The beverage giant rose 1.3% to $59.71 on Tuesday. Its shares have lost nearly 24% over a 12-month period. Looking at Seeking Alpha’s Quant ratings, Coca-Cola has a Strong Buy rating with a score of 4.81 out of 5. The company scored an A+ for profitability and an A- for revisions, but only managed to get a D for valuation. Turning to the Wall Street community, 18 out of 23 analysts rate Coca-Cola as a Buy or higher and…
Looking for a top-tier event trade this week? Here’s why Canada’s December employment report is worth a look! Are we about to see an upside surprise or some green shoots in underlying data? This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies High-impact economic event trading guides Access to exclusive MarketMilk™ sections Plus More! Source link
US DOLLAR FORECAST – EUR/USD, GBP/USD, USD/JPYThe U.S. dollar accelerates higher as U.S. Treasury yields extend rebound following a poor performance in late 2023Attention will be on the ISM manufacturing survey and the U.S. nonfarm payrolls report later in the weekThis article focuses the outlook for the U.S. dollar, analyzing price action for major pairs such as EUR/USD, GBP/USD and USD/JPY ahead of high-impact events later in the week. Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter Most Read: US Dollar Q1 Fundamental Outlook: A Tale…
© Reuters. FILE PHOTO: An eagle tops the U.S. Federal Reserve building’s facade in Washington, July 31, 2013. REUTERS/Jonathan Ernst/File Photo By Shankar Ramakrishnan (Reuters) – Investor optimism that the Federal Reserve will start cutting interest rates is breathing new life into the market for junk debt, providing timely relief to the lowest-rated companies and likely capping the rate of defaults in 2024. As the U.S. central bank started to raise rates in 2022 and worries about defaults grew, companies rated below investment grade saw tepid demand from investors for their loans and bonds. Many such companies turned to roundabout…
The USD is stronger versus the three major currencies – the EURUSD, USDJPY and GBPUSD. In this video take a look at both the daily and hourly charts to get our feet under us as we start the new trading year. What is the bias? What is the risk and the targets going forward in your trading today. EURUSD: The EURUSD is moving lower and looking to approach a 50% update move down from the 2020 hi to the 2022 low on the daily chart. That level comes in at 1.0942. The current price is trading near 1.0952. Drilling to…
Share: Pound Sterling faces some pressure as the S&P Global UK Manufacturing PMI data remains below consensus. UK factory activities remained due to subdued demand from domestic economy and exports markets The BoE may start reducing interest rates earlier due to deepening recession fears. The Pound Sterling (GBP) faces a sharp sell-off after the release of the weaker-than-projected S&P Global Manufacturing PMI for December. The factory data remained lower at 46.2 than expectations and the former reading of 46.4. The economic data below the 50.0 threshold indicates contraction in economic activities. The Manufacturing PMI remains below the 50.0 threshold for the 17-month in a…
Our minds are gifted with pain-avoidance mechanisms that help us cope with physical and emotional suffering. Think about it. Don’t we all remove our hands instantly from a hot surface? I’m sure even Pippo has learned not to put his hand over the fire. Pain avoidance in trading is different only in the sense that it deals with emotional pain. To avoid the pain of having wrong expectations, you subconsciously block any information that would invalidate your idea. You usually rationalize, make excuses, belittle the significance of conflicting information, and sometimes even straight up lie to yourselves just to feel…
Article by IG senior market analyst Axel RudolphFTSE 100, DAX 40, S&P 500 Analysis and ChartsFTSE 100 aims for its September and December highsThe FTSE 100 begins the new year on a stronger footing and eyes its September and December highs at 7,747 to 7,769 despite a mixed session in Asia. While Thursday’s low at 7,705 holds, upside pressure should be maintained with the 7,747 to 7,769 region representing upside targets ahead of the 7,800 mark.A slip through 7,705 would likely retest the 7,702 October peak below which the November-to-December uptrend line can be spotted at 7,676.FTSE 100 Daily Chart…
In the fast-paced world of Forex trading, staying ahead of the curve is crucial. Traders are constantly on the lookout for tools and indicators that can provide accurate and timely information to make informed decisions. One such tool that has gained significant popularity in recent years is the Zero Lag Moving Average MT4 Indicator. In this article, we’ll explore what this indicator is, how it works, and why it’s considered a game-changer in the world of Forex trading. Understanding Moving Averages Before delving into the Zero Lag Moving Average (ZLMA) indicator, let’s first grasp the concept of moving averages. Moving…
Chonlatee Sangsawang 2024 is being called the biggest election year in history, with half of the world participating in regional, legislative and presidential elections. Geopolitical tensions were already some of the biggest investing risks going into the new year and many of the coming results will determine how those pressures will be exacerbated or resolved. Complicating the situation is growing mistrust in the integrity of elections themselves, as well as the potential for online misinformation and algorithm manipulation during the campaign trail. In some countries, there is also a widespread risk of doctored results or mass protests in response to…