EUR/USD 4 hour The EUR/USD is unable the break above the resistance lines (orange and red) of the downtrend channel. A bearish continuation could send price lower towards the Fibonacci targets of wave 3 (blue) around 1.17-1.18. A bullish breakout above the resistance zone could indicate a bigger retracement to the Fibonacci levels of wave…
For the first time in eight months, inflation-adjusted base money (aka M0) in the US contracted in March, slipping 3.7% vs. the year-ago level. The slide comes at a time when Fed Chairman Jerome Powell is emphasizing that markets should be expecting gradual interest rate increases in the months ahead. “Markets should not be surprised…
The EUR/USD has hit fresh 2018 lows below $1.1900 as the US Dollar continues marching forward. The potential pullout of Trump from the Iran deal is casting clouds on markets. The pair is at oversold territory, but the “vomiting camel” pattern seems to be taking over. The EUR/USD is trading below $1.1900, the lowest since the last…
U.S. futures and European stocks are modestly lower, following a mostly green Asian session, amid growing jitters over today’s 2 pm announcement by President Trump in which he will unveil the fate of the Iran nuclear deal. Ahead of Trump’s much anticipated announcement this afternoon, it has been a case of sell the rumor and the news…
The US dollar’s surge continues. The Dollar Index is testing the space above 93.00. A month ago it was below 90. It does not appear to require fresh developments. The market continues to trade as if there are short dollar positions that are trapped at higher levels and the briefest and shallow pullbacks are new opportunities…
Takeda Pharmaceutical (TKPYY) and Shire (SHPG) announced that they have reached agreement on the terms of a recommended offer pursuant to which Takeda will acquire the entire issued and to be issued ordinary share capital of Shire. Under the terms of the acquisition, each Shire shareholder will be entitled to receive $30.33 in cash for…
The risk of a national recession beginning in the United States anytime in the next year from 4 May 2018 through 4 May 2019 is virtually unchanged from the 0.6% reading we obtained just three weeks ago. In fact, the main reason we’re even bringing it up so soon is that we’re trying to get back to…
USD/CAD is facing 1.2917 resistance, a breakout of this level could signal resumption of the uptrend from 1.2526, then next target would be at 1.3000 area. Key support is at 1.2803, only a breakdown below this level would indicate that the upside movement is complete, then the pair would find next support level at 1.2600.
Tuesday’s swing-trades: Take a look at three trading ideas to prep you for the next trading session. Long Texas Instruments (TXN) Long ServiceNow (NOW) Short Huntington Bancshares (HBAN)
Tuesday’s swing-trades: Take a look at three trading ideas to prep you for the next trading session. Long Texas Instruments (TXN) Long ServiceNow (NOW) Short Huntington Bancshares (HBAN)
