Author: FX

EUR/USD bears are a test of 1.0580which opens the risk of a continuation towards 1.0500 at the extreme.  Bulls need to get above 1.0650 for a run into the 1.07s. As per the prior analysis, EUR/USD Price Analysis: Bulls under pressure as bears test commitments at 1.0600, and, EUR/USD Price Analysis: Bulls move and seek a test of key H4 resistance structure, the bulls have been testing the M-formation’s resistance area and struggle to get past, meeting a counter trendline. Failures to break higher at this juncture expose the broader bullish trendline and various horizontal support structures along the way as the following will illustrate.…

vandervliet93/iStock Editorial via Getty Images FedEx Corporation (NYSE:FDX) is due to post its fiscal second quarter earnings after the bell on Tuesday. Shares of the Memphis-based transportation company have plunged over 30% in 2022, due in no small part to disappointing earnings results. For example, its September pre-announcement sent shares spiraling downward as analysts called out a “massive miss” on expectations. Annual earnings estimates have been slashed on the Street since that point. For the quarter due to be reported on Tuesday, the reined in estimates reflect a consensus of $2.83 in earnings per share and $23.72B in revenue. In…

Thanks to last week’s hawkish Fed meeting, U.S. equities markets like the Nasdaq 100 are back in the longer-term downtrend that’s dominated this year. Will recent swing lows be retested and break? Or will they hold and draw in fresh buyers? Nasdaq 100 (NAS100) Daily Chart This week we’re revisiting a watchlist post we made back in November, highlighting a potential area of interest in the Nasdaq 100 after a lower-than-expected U.S. CPI number had boosted the market higher. We noted that NAS100 was nearing the 12,000 major psychological handle, the 100 SMA, and the 50% Fibonacci retracement area from…

© Reuters. FILE PHOTO: A logo of Honeywell is pictured on their booth during the European Business Aviation Convention & Exhibition (EBACE) in Geneva, Switzerland, May 22, 2017. REUTERS/Denis Balibouse (Reuters) -Honeywell International Inc. on Monday said it has agreed to pay about $200 million to settle criminal and civil corruption investigations in the United States and Brazil. The U.S. Justice Department and Securities and Exchange Commission (SEC) commission each announced the resolution to parallel investigations relating to bribes that Honeywell (NASDAQ:) paid between 2010 and 2014 to a high-ranking official at Brazil’s state-owned oil company to secure business. The…

The NASDAQ index is working on its fourth straight day to the downside. The high price on December 13 reached 11571.64. The low price just reached 10560.55. That’s a decline of -8.77% from the high five days ago. The index is working on its fourth consecutive down day. On December 13 (the CPI day in the US), the price extended above its 100 day moving average (blue line in the chart above), but could not sustain momentum. As a result, buyers turn to sellers and the price has been trending down ever since. The FOMC raising the terminal rate did…

USD/JPY is expected to see an eventual break below the 38.2% retracement of the 2021/2022 uptrend at 133.09 for support next at 130.40, then 127.47/27, economists at Credit Suisse report. Break above 138.18 is needed to trigger a deeper recovery “We look for a sustained break below the 200-day Moving Average at 135.66 for a retest of the recent low at 133.62, then the 38.2% retracement of the 2021/2022 uptrend at 133.09. Whilst a fresh hold here should be allowed for, we continue to look for an eventual close below here for the 130.40 August low, then the ‘neckline’ to…

GBP/USD, PRICE, CHARTS, and ANALYSIS: Recommended by Zain Vawda Get Your Free GBP Forecast Most Read: British Pound Technical Forecasts – GBP/USD, EUR/GBP, GBP/JPYGBP/USD FUNDAMENTAL BACKDROPGBP/USD is on course to snap a two-day losing streak thanks to a weaker dollar index and a broader risk-on sentiment. The European session saw a modest recovery for the greenback pushing the pair down 60-odd pips to trade sub 1.22000 as we approach the US session.British Pound gains to start the week come as a bit of a surprise given the contrasting central bank messages last week. The US Federal Reserve being relatively hawkish…

fotolinchen/iStock Unreleased via Getty Images Anheuser-Busch InBev (BUD) unveiled the details of its promised victory celebration for the winning nation of the World Cup as part of a marketing campaign. The company said that as celebrations take place in various cities in Argentina throughout the holiday season, fans will be invited to enjoy limited-edition Budweiser FIFA World Cup packs. The celebration kicked off after the official watch party in Buenos Aires, with the opening of the “Bring Home The Bud crates”. On Thursday, December 22, Budweiser’s ultimate victory celebrations will continue at Fan Fest locations in Buenos Aires, Rosario, and…

Heraclitus, a Greek philosopher, once said that “the only thing that is constant is change.” This adage is never taken for granted in the world of forex trading. The nature of the industry doesn’t make room for those who are too set on their ways. The market drivers and the popular strategies today may not be what drives price action or what makes pips in the future. Luckily, flexibility is something you can develop over time and with lots of practice. Of course, being a flexible trader doesn’t mean changing your strategies at the first sign of trouble. It also…

Have you ever noticed a gap between a stock’s closing and starting prices without trade? If the answer is yes, you were likely unaware that the name of gapping knows this market occurrence. This article will discuss the causes of stock price gaps, different sorts of gaps, and what “gap up” in stock trading means. Why Do Stock Prices Differ?Gaps happen when a stock’s opening price and closing price diverge. Although we’ll concentrate on stock gaps, they can occur in any financial market. A gap typically appears when there needs to be more buyers and sellers to prevent unexpected declines…