Author: FX
Trump:NATO deal is fully approved; fully doneGoing to deliver those weapons immediately two sites of war This article was written by Greg Michalowski at www.forexlive.com. Source link
Key takeaways ABT’s Q2 revenues are projected at $11.07B, up 6.7% year over year; EPS is estimated to rise 9.6% to $1.25. ABT’s Medical Devices likely drove growth, led by CGMs, cardiac devices and TMVR system approval. Nutrition and EPD segments are expected to post modest to solid year-over-year revenue gains. Abbott Laboratories (ABT – Free Report) is slated to report second-quarter 2025 results on July 17, before the opening bell. The company delivered adjusted earnings per share (EPS) of $1.09 in the last quarter, which surpassed the Zacks Consensus Estimate by 1.9%. Its earnings exceeded the Zacks Consensus Estimate…
WMT Elliott Wave technical analysis Function: Trend. Mode: Impulsive. Structure: Motive. Position: Wave v. Direction: Upside in wave v. Details: Assumption remains that wave iv has bottomed. However, due to the prolonged corrective action, there’s also a possibility that wave (ii) is still unfolding within wave iv as a flat correction. Walmart Inc. (WMT) is currently showing signs of a possible shift into wave v on the daily timeframe, contingent upon confirmation that wave iv has ended. Despite the bullish assumption, the extended correction introduces an alternative count, suggesting the market might still be developing wave iv as a flat…
“Recency bias” is a buzzword that gets tossed around frequently in trading circles, but what does it actually mean? Put simply, recency bias is the tendency for traders to focus exclusively on recent events while ignoring older data that may be just as relevant (or even more so). This bias undermines a trader’s market analysis by clouding judgment and compromising decision-making abilities. In forex markets, recency bias typically shows up when traders fixate on their latest trades and lose perspective on their overall performance. Consider a fundamental trader who overreacts to a just-released economic report while neglecting the broader macroeconomic…
Bitcoin (BTC/USD) weekly chartThe Bitcoin train looks to march on with over 2% gains today as it keeps just under $122,000 currently. After a brief stutter at the end of last month, which saw price potentially falling back under six figures, Bitcoin is definitely proving its mettle now as it surges to fresh record highs.The last time we had an episode like this was the break of the $72,000 mark last year. Just before that, Bitcoin threatened a drop under $50,000 before jumping up by 50% on the break to the upside. Will we see similar gains this time around?There…
Germanium Mining (OTCPK:EMSKF) has arranged a non-brokered private placement of up to 2.5 million units at 10 cents per unit for gross proceeds of up to C$250,000. Each unit will consist of one common share and one transferable common share purchase warrant. Each warrant entitles the holder to purchase one additional share of the company at a price of 12 cents per share for a period of 24 months from the date of issuance. More on Germanium Mining Corp. Source link
The Indian Rupee trades lower against the US Dollar as the latter gains on risk-off market mood.Trump announces 30% tariffs on imports from the EU and Mexico.Investors await India-US CPI data for June.The Indian Rupee (INR) declines against the US Dollar (USD) at the start of the week, sends the USD/INR pair higher to near 86.15. The pair strengthens as the Indian currency underperforms, following a surprise decline in the Wholesale Price Index (WPI) Inflation data for June, a key indicator that measures inflation at producer level.The report showed that the WPI inflation surpringly declined by 0.13% on year. Economists…
EUR/JPY declines to around 172.05 in Monday’s early European session, down 0.15% on the day. The positive bias of the cross prevails above the 100-day EMA, but the overbought RSI condition might cap its upside. The immediate resistance level emerges in the 172.95-173.00 zone; the first downside target to watch is 170.81.The EUR/JPY cross loses ground to near 172.05 during the early European session on Monday. The Euro (EUR) weakens against the Japanese Yen (JPY) after US President Donald Trump said on Saturday that the United States (US) will impose a 30% tariff on goods from the European Union (EU), starting on…
A busy week lies ahead in terms of economic events, even though Monday starts off slowly with no significant scheduled releases affecting the FX market. On Tuesday, the main focus will be on inflation data from both Canada and the U.S. Additionally, the U.S. will release the Empire state manufacturing index. On Wednesday, the U.K. will publish its inflation figures, while in the U.S., we’ll see the release of both core PPI m/m and PPI m/m. Thursday brings Australia’s employment change and unemployment rate, while in the U.S., retail sales m/m and weekly unemployment claims will be released. Finally, on…
EUR/AUD took a hit last week but is now holding the line. Could this be the start of a bigger move? Let’s break down what the 4-hour chart is telling us: EUR/AUD 4-hour Forex Chart by TradingView Like the other majors, the euro gave way to the Aussie last week after the RBA surprised markets by keeping rates unchanged. This week, all eyes are on U.S.-EU trade talks, which could breathe life back into EUR demand. At the same time, tariff headlines and upcoming data from China might spook AUD bulls and put a cap on further gains. Remember that…