“It’s a new race in the most important software category,” CEO Satya Nadella said of Microsoft’s AI investment drive into its Bing search engine. Microsoft (MSFT) – Get Free Report shares extended gains Wednesday after the Read more…
Stock futures edge lower as bulls pause after Powell interview; Disney earnings on deck as Peltz steps-up activist pressure; Chipotle shares slide after softer Q4 profits; Uber earnings in focus as ride momentum accelerates and Read more…
The British Pound started a bearish reaction from the 1.2420 resistance zone against the US Dollar. The GBP/USD pair declined below the 1.2365 level to move into a short-term bearish zone. There was a close Read more…
USDJPY closed Monday’s positive gap by rapidly falling to 131.00 on Tuesday after hitting a wall near the 50-day simple moving average (SMA) at 133.60. Another leg down would ruin the bull’s efforts for a trend reversal, Read more…
EURUSD is coming sharply down since last week, following FED; ECB and BoE policy decisions. We can see strong sell-off through the rising trendline support which looks like an impulse so ideally there will be Read more…
NZDUSD is ticking slightly higher, remaining within a medium-term consolidation area with upper boundary the 0.6510 resistance and lower boundary the 0.6190 support. The technical oscillators are confirming this sideways move on price as the Read more…
It is assumed that in the long term, a triple zigzag pattern is formed for gold, which consists of five main sub-waves Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. Perhaps the first two sub-waves Ⓦ-Ⓧ have already been formed, and the Read more…
The FTSE 100 edged higher supported by blue chip energy names. A rally above the previous high of 7870 suggests that the directional bias is still up after securing bids along the 20-day SMA (7740). Read more…
Gold steadies ahead of Fed Chair Jerome Powell’s speech later today. On the daily chart, last April’s sell-off zone around 1950 has proved to be a tough barrier to crack. A sharp fall below 1900 Read more…
The Australian dollar recovered after a hawkish RBA hinted at further hikes. A drop below the daily support of 0.6870 has dented the optimism in the short-term. The four-month long rally could be in for Read more…