Author: FX
Is that a head and shoulders formation I’m seeing on the 4-hour chart of Guppy? It looks like the pair is gearing up to break below its neckline support pretty soon! Here are the levels you should keep tabs on. GBP/JPY 4-hour Forex Chart by TV Price is already testing the support around the 180.00-180.50 zone, and a break below this could set off a drop that’s the same height as the chart pattern. That’d be roughly 400 pips yo! Technical indicators aren’t looking so convinced yet, though. Stochastic appears to be pulling higher without even reaching the oversold region,…
2/2 © Reuters. FILE PHOTO: U.S. and North Korean national flags are seen at the Capella Hotel on Sentosa island in Singapore June 12, 2018. REUTERS/Jonathan Ernst/File Photo 2/2 By Hyunsu Yim SEOUL (Reuters) -North Korea said on Thursday deployment of U.S. aircraft carriers, bombers or missile submarines in South Korea could meet criteria for its use of nuclear weapons, state media KCNA reported, citing the country’s defence minister, Kang Sun Nam. The comments raise the stakes as each side steps up displays of military force in a standoff over the isolated country’s nuclear weapons and ballistic missile programmes. The…
zhaojiankang/iStock via Getty Images Steel Dynamics (NASDAQ:STLD) should restart its Sinton steel mill in Texas in the next few days following an unplanned outage, CEO Mark Millett said Thursday during the company’s earnings conference call. The outage will cost the company 50K-70K short tons in shipments, CFO Theresa Wagler said, as reported by Argus. The 3M st/year flat rolled steel mill’s hot mill shut down July 1 when problems with its caster shear equipment caused the company to idle its electric arc furnace. Millett said on the call that Sinton should ramp up to run at 80% capacity by the…
UBS targets for the S&P 500 are:4100 for December 2023then to 4400 for June of 2024UBS is looking for the numbers citing the economy being more resilient than anticipated. Say that Q2 should be the quarter when earnings growth bottoms. Profits for the S&P 500 could exceed estimates but still fall 3 to 5% from the previous year.profits could increas marginally if the energy sector were excludedQ3 guidance should also be favourablefull-year 2023 & 2024 S&P 500 EPS estimates of $215 (-2% y/y) and $235 (+9% y/y) remain unchanged but UBS says there is more upside versus downside risks to…
Share: AUD/JPY gained 0.44% on Thursday but couldn’t hold above the 95.00 level, triggering a downward correction. Buyers must reclaim the Tenkan-Sen line at 95.42 to continue the upward trend, but first, they must conquer the 95.00 level. If sellers maintain the price below 95.00, it could lead to a fall toward the Kijun-Sen line at 94.32. The AUD/JPY printed solid gains of 0.44% on Thursday but failed to cling to gains past the 95.00 mark, exacerbating a downward correction amid a risk-off impulse. As Friday’s Asian session begins, the AUD/JPY is trading at 94.93, gains 0.02%, though…
ServisFirst GAAP EPS of $0.98 beats by $0.09, revenue of $109.84M beats by $3.9M Source link
CRUDE OIL PRICES OUTLOOK:Crude oil prices have lacked directional conviction after failing to break through confluence resistance last weekWTI futures have been swinging back and forth between ~$77.50 and ~$74.00 in recent days, awaiting the next market catalystsThis article looks at oil key technical levels to watch in the coming trading sessions Recommended by Diego Colman Get Your Free Oil Forecast Most Read: Gold Suffers Setback as USD and Yields Blast Off. Will XAU/USD Break Down?Crude oil as measured by WTI futures has rallied strongly since late June through the first two weeks of this month, but upward momentum has…
© Reuters. FILE PHOTO: Smartphone with Netflix logo is placed on a keyboard in this illustration taken April 19, 2022. REUTERS/Dado Ruvic/ By Samrhitha A (Reuters) -Shares of Netflix (NASDAQ:) tumbled more than 8% on Thursday after the video-streaming pioneer’s lackluster revenue rise sparked concerns of a longer road to growth from its new initiatives. The company added nearly 6 million subscribers in the second quarter – almost three times above Wall Street’s expectations – thanks to a crackdown on password sharing and the introduction of a cheaper subscription tier that is bundled with advertising. However, quarterly revenue growth and…
GOLD PRICE FORECAST:Gold prices slide as U.S. yields resume rebound following better-than-expected dataU.S. dollar strength also weigh on precious metalsThis article looks at key XAU/USD’s tech levels to watch in the coming days Recommended by Diego Colman Get Your Free Gold Forecast Most Read: How to Trade Gold – Top Gold Trading Strategies and TipsAfter a strong performance earlier in the week, gold prices (XAU/USD) were subdued on Thursday, falling roughly 0.5% to $1,967, undercut by soaring U.S. bond yields and U.S. dollar strength following better-than-expected economic figures in the United States.In the morning, a Department of Labor report showed…
The US dollar is strong across the board today and that’s weighing on the euro, which ended an 8-day rally this week. Yesterday, I talked about the opportunity to sell the euro in a video but didn’t mention targets.An initial one is 1.1095, which was the old series of highs in April.EURUSD dailyThat would make for a decent short term trade but I’m bearish in eurozone economic prospects and increasingly worried that the Federal Reserve will need to hike to 6% or hold rates high throughout 2024. The market is pricing some of that in today with US yields up…