Reversal Patterns: Don’t Miss a Key Reversal Day, or Week, on the Charts
Talking points: – GBPUSD has tumbled this week, with fundamental analysts pointing to Friday’s poor UK first-quarter economic growth data as an important contributor. – However, technical analysts should have seen it coming after a key reversal week on the...
Don’t Miss a Key Reversal Day, or a Key Reversal Week, on the Charts
Talking points: – GBPUSD has tumbled this week, with fundamental analysts pointing to Friday’s poor UK first-quarter economic growth data as an important contributor. – However, technical analysts should have seen it coming after a key reversal week on the...
Here’s what all the major Wall Street analysts had to say about Amazon’s earnings
Amazon reported stellar quarterly figures, sending the stock surging 8 percent on Friday. Many Wall Street analysts were bullish for reasons beyond retail, underscoring how strong Amazon’s advertising business was in the quarter, as well as the sharp increase in...
Expedia shares rocket higher on first-quarter jump in bookings
Shares of Expedia took off Friday after the company reported better-than-expected quarterly sales and a sharp increase in booking volume. The online travel agent’s stock rose 8 percent, trading near $115 as of 12:18 p.m. ET Friday. The company reported...
Dollar Rally Exhausted after Multiple Boosts this Week, Sterling and Euro Tumbled on GDP Misses
Dollar’s rally seem to be a bit exhausted in early US session. After all, the greenback was lifted firstly by yield earlier this week, then by ECB yesterday. Additional buying jumped in after French GDP miss and than UK GDP...
US economy slows in the first quarter as consumers put off spending
The U.S. economy slowed in the first quarter as consumer spending grew at its weakest pace in nearly five years, but the setback is likely temporary against the backdrop of a tightening labor market and large fiscal stimulus. Gross domestic...
After 9% pop, Stifel analyst admits he was ‘wrong’ on Facebook and upgrades stock
One Wall Street analyst regrets his decision to downgrade Facebook’s stock earlier in the year after its big earnings beat. Facebook reported quarterly earnings and revenue well beyond consensus expectations on Wednesday despite its recent scandal involving data privacy and...
Debt spiral prompts higher risk warning for Bahrain
Bahrain, it seems, cannot just put its faith in new oil discoveries to improve fiscal revenue The authorities in March decided to abandon plans for a sovereign bond placement, while advancing only the sale of US-denominated Islamic bonds (sukuk) worth...
US economy likely slowed in the first quarter as consumers put off spending
The U.S. economy likely slowed in the first quarter as growth in consumer spending braked sharply, but the setback is expected to be temporary against the backdrop of a tightening labor market and large fiscal stimulus. Gross domestic product probably...
UK growth slows to weakest since 2012, weather only partly to blame
Britain’s economy slowed much more sharply than expected in the first three months of 2018, with heavy snow only partly to blame, raising major questions over whether the Bank of England will raise rates next month. Britain’s economy grew at...
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