Tesla’s latest round of price cuts has added to concerns that deep discounts will eat into the carmaker’s near-term profit margins. Tesla (TSLA) – Get Free Report shares slumped lower Friday after the carmaker unveiled yet Read more…
Stock futures drift higher, yields slide, with earnings on deck; JPMorgan leads bank earnings parade with growth outlook in focus; Tesla shares slump after another round of U.S. Price cuts; Boeing 737 Max makes first Read more…
Eurozone export of goods to the world rose 17.2% yoy to EUR 264.7B in November. Imports rose 20.2% yoy to EUR 276.3B. Trade deficit came in at EUR -11.7B. Intra-Eurozone trade rose 16.8% yoy to Read more…
Eurozone industrial production rose 1.0% mom in November, above expectation of 0.6% mom. Production of capital goods grew by 1.0%, intermediate goods by 0.8% and durable consumer goods by 0.4%, while production of energy fell Read more…
The British pound is slightly higher on Friday. GBP/USD is trading at 1.2234, up 0.24%. The pound has enjoyed a solid week, with gains of 1.2%. US inflation drops again US inflation continues to decline Read more…
GBPJPY sank by almost 2.0% on Thursday following the rejection around the 20-day simple moving average (SMA) and the 23.6% Fibonacci retracement level of the 2020-2022 uptrend at 160.75. The decline stretched to January’s support Read more…
USDCAD broke the short-term sideways range to the downside in the preceding sessions, holding beneath the 1.3400 level. According to the RSI, the market could maintain the latest downside momentum as the indicator is negatively Read more…
USD/JPY: Looking at the H4 chart, my overall bias for USDJPY is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. If this bearish momentum continues, expect the price Read more…
In the long term, the USDCNH pair is expected to form a large double zigzag consisting of three cycle sub-waves w-x-y. The actionary wave w took the form of a standard zigzag. The bearish intervening Read more…
The Nasdaq 100 popped higher after data showed that US inflation might have reversed its course. A break above 11280 prompted sellers to cover their positions, easing the downward pressure. After the index had a Read more…