Author: FX
Share: Today’s instrument is the IronNet, a global cybersecurity company, traded in NYSE exchange under the ticker IRNT. Looking at the IRNT’s chart, we can see that it was lastly traded close to its support level at around $0.32. Today IRNT is announcing its quarterly earnings, and if the market’s anticipation is positive then we could expect its price to rise towards its resistance level at around $0.37 and if it is able to pass it, then it is to approach its next one at around $0.45. On the other hand, it should fall towards its support level…
Minim announces CEO transition Source link
US Payrolls on Friday were a near bullseye, with a 236k rise in March after -17k in revisions, though there was a skewing of weakness toward the goods sector. We saw the expected 0.3% hourly earnings rise that left a 4.2% y/y gain. The jobless rate fell to 3.50% from 3.57%, leaving the rate still above the 54-year low of 3.43% in January, with hefty gains of 577k for civilian employment and 480k for the labour force, while the labour force participation rate rose to a new a 3-year high of 62.6% from a prior…
2/2 © Reuters. Sophie Luo Shengchun, the wife of jailed Chinese human rights lawyer, Ding Jiaxi, poses with a photo of him at her home in Alfred, New York, U.S., July 28, 2022. REUTERS/Brendan McDermid 2/2 By Laurie Chen BEIJING (Reuters) – A Chinese court sentenced two prominent human rights lawyers on Monday to jail terms of more than a decade each, a relative and rights groups told Reuters, the latest move in a years-long crackdown on civil society by President Xi Jinping. Xu Zhiyong, 50, and Ding Jiaxi, 55, were put on trial behind closed doors in June last…
Trend warriors gather ’round! If you’re looking for trend setups to trade in the next few days, then you won’t want to miss what’s cooking on Tesla, Ether, and Cable’s charts. Get ’em while they’re hot! GBP/USD 4-hour Forex Chart by TradingView I don’t know if you’ve noticed but GBP/USD recently broke a key resistance area! Cable hit a high near 1.2525 last week before GBP bears stepped in and dragged the pair back to its 1.2400 prices. As you can see, GBP/USD’s current levels line up with a key resistance zone from late 2022 and early 2023. Not only…
It’s another shortened trading week but still a busy one! We’ve got the BOC statement, FOMC minutes, and top-tier U.S. data, namely CPI and retail sales figures, lined up. Before all that, ICYMI, I’ve written a quick recap of the market themes that pushed currency pairs around last week. Check it! And now for the closely-watched potential market movers on the economic calendar this week: Major Economic Events: U.S. headline and core CPI figures (Apr. 12, 12:30 pm GMT) – First up, we’ve got Uncle Sam’s official CPI reports on deck, likely providing more guidance on what the Fed might…
“Trade with the trend!” This thought has been repeated again and again by many professional and profitable traders and for good reasons. Trading with the trend allows traders to trade with high accuracy because trade direction is usually already a given. However, many traders still find it difficult to profit from a trending market condition. Many traders just cannot seem to find a means to trade in the direction of a clearly trending market. Many traders second guess themselves thinking that they might be entering the trend too late. What these traders need is a systematic method to enter a…
UnitedHealth Group, an American multinational managed healthcare and insurance company based in Minnesota, shall announce its Q1 2023 earnings result on 14th April (Friday), before market open. The company operates through various segments, namely UnitedHealth care (coordinates patient care, improves affordability of medical care, analyses cost trends, manages pharmacy benefits, works with care providers more effectively and creates a simpler consumer experience), OptumHealth (provides health and wellness care and serves the broad health care market place including payers, care providers, employers, government, life sciences companies and consumers), OptumInsight (focuses on data and analytics, technology and information) and OptumRx (offers pharmacy…
Reminder: Today is Easter Monday and that will mean a glacial start to the week.The Easter Monday holiday is celebrated in Australia, New Zealand, Hong Kong, Germany, Switzerland, France, the UK and Canada.US markets will be fully open but until then, it will be a thin one. Source link
Share: US Dollar Index fades bounce off two-month low, dribbles after four-week downtrend. Challenges to sentiment, recently hawkish Fed bets put a floor under the DXY price. Fears of US recession, threats to USD’s reserve currency status prod US Dollar Index bulls. Easter Monday to restrict market moves, US CPI, Fed Minutes in focus. US Dollar Index (DXY) retreats to 102.00, after posting an ephemeral bounce off the two-month low during the last week. Even so, the greenback’s gauge versus six major currencies dropped in four consecutive weeks and prints mild losses by the press time as markets…