Author: FX

Crude oil moves close to 100 day MAThe high price reached $80.33. That was the highest level since January 30. The low price was at $77.47. For the week, crude oil is up $6.94 or 8.49%. Ever since the biggest one we gained going back to early October.Looking at the daily chart, the price is getting closer to its 100 day moving average at $81.08. The price has not closed above its 100 day moving average since early November. A move above the 100 day MA would next target a swing area between $82.48 and $83.34. Today Russia cut oil…

Share: USD/CHF jumped from weekly lows after forming a hammer at around the 0.9200 area. Near-term, the USD/CHF is upward biased and might test the 0.9300 figure. The USD/CHF forged a base and climbed back to the 0.9200 area on Friday, following Thursday’s price action, which formed a hammer, that exacerbated the USD/CHF recovery, to current exchange rates. At the time of writing, the USD/CHF is trading at 0.9246, above its opening price by 0.35%. Long-term, the USD/CHF remains neutral-to-downward biased, but it could print a leg-up and test the 50-day Exponential Moving Average (EMA) at 0.9294. The…

Share: Kohl’s stock trades on NYSE under ticker KSS and has been public since 1992, showing growth and fluctuations. Kohl’s Corporation operates over 1,100 US department stores and is based in Wisconsin. The company was founded in 1962 and faces growing competition from online retailers. It’s adapting to the changing retail landscape by expanding online presence and partnering with Amazon for  returns. Despite these efforts, Kohl’s stock has underperformed compared to the overall market in recent years specifically since it’s peak in 2018. As we can see in the weekly chart of KSS, the stock suffered a significant…

Share: In this technical blog, we will look at the past performance of 1-hour Elliott Wave Charts of NVDA. We presented to members at the  elliottwave-forecast . In which, the rally from the 28 December 2023 low unfolded as an impulse structure. And showed a higher high sequence favored more upside extension to take place. Therefore, we advised members not to sell the stock & buy the dips in 3, 7, or 11 swings at the blue box areas. We will explain the structure & forecast below: NVDA 1-Hour Elliott Wave Chart From 2/05/2023 Here’s the 1hr Elliott wave chart from the…

Choppy price action across the FX majors as traders see-sawed between fresh commentary and developments from major central bank officials, most of which pointed to broadly higher interest rates ahead. There were clear winners and losers, though, as GBP took the top spot among the major currencies while the EUR came in last after seeing red for most of the week. Notable News & Economic Updates: Turkey was hit by 7.8 magnitude earthquake and several aftershocks on Monday Big gain in oil prices this week, likely on optimism about China’s reopening lifting oil demand forecasts from IEA and Saudi Arabia,…

Share: GBP/USD snaps three straight days of gains and drops as it tested the 50-day Exponential Moving Average (EMA) at 1.2126, as UK economic data showed the economy did not grow, while consumer sentiment in the US improved. At the time of writing, the GBP/USD exchanges hands at 1.2055. Read More… GBP/USD seems to have now moved into a consolidative phase, likely between 1.2015 and 1.2260, suggest UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang. Read More…   The GBP/USD pair extends the previous day’s retracement slide from the vicinity of the 1.2200 mark, or the…

lyash01/iStock via Getty Images U.S. Steel (NYSE:X) -0.9% in Friday’s trading as GLJ Research sees “problems on the horizon,” double downgrading shares to Sell from Buy with a $13.85 price target. Last week, the steel bellwether reported a clear Q4 earnings beat, but analyst Gordon Johnson said he is troubled by internals that included negative EBIT in the company’s Mini Mill and USSE segments, as well as a $72M EBIT loss at Big River. Johnson noted U.S. Steel’s (X) reported quarterly Flat Rolled segment ASP has an R² correlation of 93.3% to the trailing three-month U.S. Midwest Domestic Hot-Rolled Coil…

That’s a big credit card or a confusingly-small manMasterCard today reported that US retail sales were up 8.8% y/y excluding autos. January CPI numbers aren’t out yet but the December reading was +6.5% so that’s roughly 2.3% growth. Perhaps more notably, it shows a better pace than the December when sales were up 7.0% excluding autos. Again, January numbers aren’t out yet so it might be seen as more of a preview of strong January spending.One of the reasons for that could be that terrible weather around Boxing Day in much of the US pushed spending into the new year…

> US January federal budget deficit $39.0 billion vs $63 billion expected Deficit data for the US government Adam Button Friday, 10/02/2023 | 19:00 GMT-0 10/02/2023 | 19:00 GMT-0 ADVERTISEMENT – CONTINUE READING BELOW Tags ADVERTISEMENT – CONTINUE READING BELOW Most Popular ADVERTISEMENT – CONTINUE READING BELOW ADVERTISEMENT – CONTINUE READING BELOW Source link

3/3 © Reuters. Lucas Cespedes, 13, rows his boat during an interview with Reuters, close to his house on the shores of the river Futa, on the outskirts of Valdivia, Chile February 9, 2023. REUTERS/Cristobal Saavedra Escobar 2/3 By Cristobal Saavedra RIO FUTA, Chile (Reuters) – As his parents fought wildfires threatening their home in southern Chile, 13-year-old Lucas Cespedes decided to take action, ferrying firefighters across the local river in a small yellow rowing boat to help them put out the flames. The Andean country is battling some of the worst wildfires in years that have claimed 24 lives…