Verizon Communications offered an improved contract to about 36,000 workers in the U.S. Northeast and Mid-Atlantic regions. The telecommunications company said it had raised its offer to a 7.5% wage increase over the contract term. Verizon also said “access to high quality healthcare at an affordable cost and generous retirement benefits” would continue, saying the […]
Femsa, a bottling and retail company in Mexico, reported a decline of 4.3% in its first-quarter profit, compare to last year’s same period due to higher costs. The company reported a net profit of 2.999 billion pesos ($173 million) in the January to March period, falling from 3.135 billion pesos in last year’s same quarter. […]
Technical outlook and chart setups: The EUR/JPY pair has dropped lower, hitting 121.95 levels today. The pair seems to have made interim resistance at 126.40 levels yesterday before reversing sharply. Any rallies from current levels should only be considered to be corrective in nature (3 waves), and should remain well capped below 125.00 levels going […]
Technical outlook and chart setups: The GBP/CHF pair is seen to be trading at 1.1410/20 levels at this moment, looking to push higher towards 1.4290/1.4300 levels at least. The pair is expected to produce a meaningful retracement thereafter. The pair is seen to be bouncing off the trend line support (wave 4) as well, producing […]
Wave Summary: The corrective decline in red wave ii became deeper than expected with a low at 1.6196, but it seems to be over. A break above minor resistance at 1.6365 and more importantly a break above resistance at 1.6395 will confirm for a new rally to the 1.6592 higher and above towards 1.6874 and […]
USD/CHF is expected to trade in a lower range as the pair is bearish within a declining channel. The pair remains under pressure within its descending channel and is likely to post further decline. The falling 20-period and 50-period moving averages should also maintain strong selling pressure on the prices. In addition, the relative strength […]
NZD/USD is expected to trade in a higher range as the bias remains bullish. The pair stands firmly above its support at 0.6930 and remains on the upside. The 50-period moving average is also playing a support role and maintains a positive bias. Meanwhile, the relative strength index is mixed to bullish. Even though a […]
GBP/JPY is expected to trade in a lower range . Following yesterday’s major collapse, the pair is now under pressure below its falling 50-period moving average. Even though a consolidation cannot be ruled out at the current stage, its extent should be very limited. The relative strength index is bearish below its neutrality area at […]
Wave summary; It has become a “Make it or break it” time. The low at 121.69 should be able to protect the downside, or our count will be wrong and will have to be ajusted. We will be looking for a break above minor resistance at 122.52 as the first good indication that a low […]
EUR/USD: The perpetual rally on the EUR/USD has resulted in a more vivid threat to the present bearish bias in the market. From the beginning of this week till now, the bulls have pushed the price upwards gradually – and this is something that has generated a “buy” signal. The EMA 11 has almost crossed […]
When the European market opens, some economic news will be released such as the Unemployment Rate, Italian Prelim CPI m/m, Core CPI Flash Estimate y/y, CPI Flash Estimate y/y, Italian Monthly Unemployment Rate, Spanish Flash GDP q/q, French Prelim CPI m/m, French Consumer Spending m/m, German Retail Sales m/m, and French Prelim GDP q/q. The […]
In Asia, today Japan will not release any economic data but the US will release some economic data such as the Treasury Currency Report, Revised UoM Inflation Expectations, Revised UoM Consumer Sentiment, Chicago PMI, Personal Income m/m, Personal Spending m/m, Employment Cost Index q/q, and Core PCE Price Index m/m. So there is a probability […]
USDX is developing a very clear bearish structure below the 200 SMA after it found dynamic resistance around that level. Currently, the Index is forming a lower low pattern above the support level of 93.72, which should be broken to open the doors for a decline toward the 93.26 level. Fractals are also favoring more […]
The pair is still trapped in a bullish consolidation phase above the support zone of 1.4539, where the Cable did a rebound during yesterday’s session. Currently, a breakout is expected to be held above the 1.4633 level, which should push the GBP/USD higher in order to test the resistance level of 1.4722 on a short-term […]
Warren Buffett is the most successful value investor of all time. When he talks, people listen. The Oracle of Omaha has remained remarkably modest over the decades, a period that has seen him become one of the richest people in the world. Of course, this has afforded him certain luxuries that many of us would […]
European Central Bank board member Peter Praet emphasized it would take a worse inflation view for the to slash interest rates, but lowering the rate further is not an option. In March, the deposit rate was cut to -0.4% to force money deposited at the central bank into the economy, spurring inflation and economic growth. […]
Oil prices dropped Friday despite an impending output increase in the Middle East may affect the firmer markets this month. It has gained support from weak US dollar and declining US production. Brent crude futures closed at $47.69 a barrel, while West Texas Intermediate crude futures settled at $45.46 a barrel. Both contracts have retained […]
Comcast Corporation’s latest acquisition will surely give Walt Disney a run for its money. Comcast’s entertainment division NBCUniversal inked a deal to purchase DreamWorks Animation Inc. for $3.8 billion. Comcast is the creator of hit movie Despicable Me and the Minions, while DreamWorks’ roster include Shrek, Kung Fu Panda, Madagascar, and Casper the Friendly Ghost. […]
Baidu Inc., China’s largest search engine, posted the slowest revenue growth in seven years. Its revenue during the first quarter of the year was 15.82 billion yuan ($2.44 billion), a 24.3 percent rise from the same period last year. Analysts were expecting a rise of 24.7 percent. Online marketing revenue grew by 19 percent to […]
Elon Musk-led SpaceX won an $83 million contract to launch a GPS satellite for the US Air Force, military officials said. Military launches are almost always given to United Launch Alliance (ULA), a partnership between Boeing and Lockheed Martin Corp. An air force spokesperson said on Thursday that SpaceX got the deal because it offered […]
Overview The EUR/USD pair has been trading positively since morning moving away from the bullish channel’s support, which favors expectations for the bullish trend continuation in the upcoming period. Positive stochastic and the EMA50 also support out outlook. Therefore, we believe that the way is open towards targeting 1.1494 levels as an initial main station. […]
Overview The gold price shows clear bullish bias now and starts testing $1,260.00 levels. The price needs to breach this level to reinforce the positive expectations on the short-term basis and open the way towards targeting $1,282.92 then $1,300.00 levels mainly. Therefore, the bullish trend will remain valid in the upcoming period supported by the […]
Overview The silver price leaned on the support base formed above the previously breached level of 17.08; it trades positively now approaching from the bullish channel’s resistance at 17.35. The price needs to breach this level to confirm opening the way towards the continuation of the bullish wave in the upcoming period and to extend […]
Technical outlook and chart setups: The EUR/JPY pair has dropped significantly today as yen is rallying across the crosses. The pair is trading at 123.00 levels at the moment, and is seen to be bouncing off the Fibonacci 0.786 support of the entire rally between 121.75 and 126.50 levels. Additionally, a tweezer bottom candlestick pattern […]
Recently, EUR/NZD has been moving downwards. The price tested the level of 1.6256 in an ultra high volume. According to the 15M time frame, the strong supply came in with ultra high volume. Later on, I saw no buying pressure and no power from buyers (up thrust bar, no demand bars in a low volume) […]
Technical outlook and chart setups: The GBP/CHF pair is seen to be trading at 1.4100/05 levels at this moment, after hitting intraday lows at 1.4057 levels respectively. Please note that the pair bounced off the trend line support as depicted here. Bulls are expected to remain in control till prices stay above 1.4030 levels. Also, […]
Technical outlook and chart setups: Silver is seen to be stalling at $17.30/40 levels at this moment, looking to drop lower towards $15.80 levels at least. The metal is expected to remain in control of bears till prices stay below $17.70 levels.The wave structure reveals that Silver might have carved out a significant top around […]
Technical outlook and chart setups: Gold is seen to be trading at $1,254.00/55.00 levels for now, after reversing lower from $1,260.00 levels today. The yellow metal reversed from the Fibonacci 0.786 resistance of the drop from $1,270.00 and $1,227.00 levels respectively. The wave structure indicates that bears are expected to remain in control till prices […]
Since our previous analysis, gold has been moving upwards. As I expected, the price tested the level of $1,259.60 in a high volume. The price reached my take profit level at $1,253.00. Anyway, today according to the 15M time frame, I saw a lack of demand around the price of $1,259.00, which is a sign […]
Technical outlook and chart setups: The EUR/USD pair is seen to be trading at 1.1340 levels for now after hitting highs at 1.1370 levels today. Please note that the pair is seen to be testing an immediate trend line support. A break lower, would open doors for a test of 1.1280/90 levels where another trend […]
