GBPUSD formation suggests the formation of a global corrective trend – a triple zigzag w-x-y-x-z, in which the market builds the final actionary wave z of the cycle degree. The wave z most likely takes Read more…
Cable remains constructive and extends bounce from 200DMA on Friday, retracing over 61.8% of a shallow pullback from 1.2344 to 1.2106 so far. Bulls are underpinned by 10/200DMA golden-cross and strong positive momentum on daily Read more…
It has been a generally muted week for the New Zealand dollar, save for Monday, when it fell by 1.3% in the aftermath of the strong US employment report. With a light economic calendar this Read more…
Tesla Prepping Short Model Y Production Halt In Shanghai As China Demand Fades – Report Tesla (TSLA) – Get Free Report will suspend China-based production of its Model Y sedan over the final week of the Read more…
“Hyperscale spending continues strong, enterprise consumption continues strong and broadband deployment across North America, Europe and even parts of Asia continues their multiyear trend of growth,” said CEO Hock Tan. Broadcom (AVGO) – Get Free Read more…
“The external environment remains challenging with several high-volume weeks still in front of us (but) I’m encouraged with the beginning of our holiday season,” said CEO Calvin McDonald. Lululemon (LULU) – Get Free Report shares slumped Read more…
Stock futures higher with Fed decision in sight; Costco slips after modest Q1 earnings miss; Lululemon slumps on muted holiday sales forecast, inventory build; Broadcom higher after solid Q4 earnings, near-term outlook and Bath & Read more…
The dollar index holds in red for the third day and threatening to fully retrace recovery leg from 104.05 (Dec 5 low, the lowest in 3 –1/2 months) after bulls were trapped above 200DMA. The Read more…
USDCAD is still trading above the short-term descending trend line and the strong 50-day simple moving average (SMA), which lies near the 1.3570 support. The MACD oscillator is holding above its trigger and zero lines; Read more…
GBPJPY is looking for a breakout from the upper trendline of a symmetrical triangle at 167.10 after a gradual weekly increase from the 164.00 low. On the downside, the 23.6% Fibonacci retracement of the latest upleg is currently reducing Read more…