Cisco Systems CSCO shares tumbled lower Thursday after slashing its full-year revenue and profit forecasts amid muted demand for its network equipment as customers focus on installing and implementing previous orders. Cisco’s pared-backed sales forecast, which sees Read more…
BoE monetary policymaker Megan Greene expressed cautious optimism in a recent interview with Bloomberg TV, acknowledging the positive signs of declining inflation in the UK. Greene noted that the recent data, which showed a drop Read more…
Check back here all day with live updates. U.S. equity futures nudged lower Thursday, while Treasury yields and the dollar held steady, as investors hit pause on Wall Street’s solid November rally while again tracking Read more…
NZDUSD in the red today after testing the October high USD recovery across the board drives today’s move Mixed Momentum indicators complicate the short-term outlook NZDUSD is edging lower, reacting to Tuesday’s very strong green Read more…
WTI oil futures driven by bears Will the 2020 bar block the way down? WTI oil futures reversed their post-CPI increase above the 200-day SMA, dropping immediately after reaching a high of 79.77 on Tuesday. Read more…
AUDUSD hit a fresh three-month peak of 0.6541 on Wednesday But quickly pared some gains, hinting that the way to recovery is long Momentum indicators diverge from the price action AUDUSD had been in an aggressive decline following Read more…
US 30 holds above 61.8% Fibo and SMAs RSI and stochastic suggest bearish correction in near term Only a move above 35,985 would shift broader bias to positive The US 30 (Cash) index has advanced Read more…
EURGBP holds firm bullish tone and extends fresh bullish acceleration into second consecutive day, trading at the highest levels since late April on Thursday morning. The cross gained pace after lower than expected UK inflation Read more…
Daily Pivots: (S1) 187.37; (P) 187.80; (R1) 188.41; More… A temporary top is in place at 188.26 in GBP/JPY and intraday bias is turned neutral for consolidations. Downside should be contained by 55 4H EMA Read more…
Daily Pivots: (S1) 163.45; (P) 163.84; (R1) 164.60; More…. EUR/JPY’s rally continues today and intraday bias stays on the upside. Next near term target is 61.8% projection of 139.05 to 159.75 from 154.32 at 167.11. Read more…