Author: FX
ollo/iStock Unreleased via Getty Images Following a downbeat outlook and plans by new CEO Margherita Della Valle to simplify the telecoms giant, Vodafone (NASDAQ:VOD) dropped 3.4% in premarket trading on Tuesday. The company expects to cut 11,000 jobs over the next three years, which will impact more than a tenth of its workforce. “Our performance has not been good enough. To consistently deliver, Vodafone must change,” said Della Valle, who was appointed last month. “My priorities are customers, simplicity and growth. We will simplify our organization, cutting out complexity to regain our competitiveness. We will reallocate resources to deliver the…
We’ve got Australia’s jobs data coming up soon! Can this spur a triangle breakout for GBP/AUD? And just how high can the pair go if that happens? GBP/AUD 1-hour Forex Chart by TV Check out this forex pair testing the very top of its descending triangle pattern! On the hourly time frame, you can see that GBP/AUD has consolidated with its lower highs and support near the 1.8600 major psychological mark for the entire month of May. Now price has formed higher lows ever since the last bounce off the triangle bottom, suggesting that bullish pressure is building up. This…
Is Ether getting ready to extend a months-long uptrend? The daily chart is saying “Bet.” Here’s what I’m looking at on the daily time frame: ETH/USD Daily Chart Chart by TV As you can see, Ether (ETH/USD) has been showing higher highs and higher lows since hitting bottom at the $1,080 mark back in November. The pair even jumped above its ascending channel pattern in April and reached the $2,140 area before settling back down to its $1,800 levels. Are we looking at a chance to jump in ETH/USD’s uptrend? The pair is consolidating at the $1,800 psychological handle, which…
Glenn Stevens was Reserve Bank of Australia Governor for a decade between 2006 and 2016. he spoke at gas industry annual conference.”When I finished in central banking, nearly seven years ago now, inflation was too low and it was difficult to get it to go up,” “Who would have thought that we now be in a world where it’s too high, and I think it will be difficult to get it to come down.” “I could be wrong but, if that is the case, then I think we’ve also transitioned from a world in which interest rates were low for…
AUD/JPY is hitting a key resistance zone ahead of top-tier data releases! Will we see a breakout today? Or will the consolidation pattern hold for another day? Let’s take a look at AUD/JPY’s 1-hour chart for clues! AUD/JPY 1-hour Forex Chart by TV I don’t know if you noticed but AUD/JPY bears have been successfully limiting AUD/JPY’s uptrend by defending the 91.00 – 92.25 zone. In fact, AUD/JPY is now hitting the trend line resistance, which is juuuust under the R1 (91.37) level of today’s Standard Pivot Points. It also helps AUD sellers that Stochastic is hanging around its “overbought”…
Share: China’s April Retail Sales YoY, jumped 18.4% vs. 21.0% expected and 10.6% previous while the country’s Industrial Production came in at 5.6% YoY vs. 10.9% estimated and 3.9% prior. Meanwhile, the Fixed Asset Investment increased 4.7% YTD YoY in April vs 5.5% expected and 5.1% last. more to come …. Market reaction The Australian Dollar has come under renewed selling pressure after the downbeat Chinese data release. The AUD/USD pair is losing 0.27% on the day to trade at 0.6681, as of writing. Source link
Soroban Capital takes new stake in Mastercard; exits Amazon, Suncor Source link
3/3 © Reuters. Ray Dalio, Bridgewater’s Co-Chairman and Co-Chief Investment Officer speaks during the Skybridge Capital SALT New York 2021 conference in New York City, U.S., September 15, 2021. REUTERS/Brendan McDermid 2/3 By Carolina Mandl SAO PAULO (Reuters) -Bridgewater Associates, one of the world’s largest hedge funds, sold U.S. bank stocks in the first quarter as the collapse of regional lenders rattled investors, according to regulatory filings. The firm, founded by billionaire Ray Dalio, exited positions in five U.S. banking giants: JPMorgan (NYSE:) & Co, Bank of America Corp (NYSE:), Wells Fargo (NYSE:) & Co, Goldman Sachs Group Inc (NYSE:)…
Biden sold around 200m barrels from the SPR to cap prices and its worked probably better than even he thought. Intentions to begin buying back were announced, multiple times, in the past few months. Timing was suggested after next month (June). The headline today is citing ‘people familiar’ but there was no, zero, indication given as to timing. And 3m barrels is a drop in the bucket. Still, posting this FWIW. Oil got a bit of a lift in price.Intention is to purchase 3 m barrels of US produced sour crude. Source link
S&P 500 FORECAST:Speculators are overly negative on the S&P 500 in the futures markets according to CFTC dataExtreme bearish positioning can sometimes lead to powerful and face-ripping ralliesLooking at price action, the S&P 500 continues to forge a double bottom pattern Recommended by Diego Colman Get Your Free Equities Forecast Most Read: US Dollar Withers Despite Last Week Bullish Breakout. Are Bears About to Pounce?The S&P 500 has proven highly resilient this year, defying numerous headwinds, including restrictive monetary policy, turmoil in the banking sector, and growing risks of a medium-term recession. Despite these challenges, the stock index is up…