Crude Oil: Sees Further Upside, Eyes The 70.41 Region
CRUDE OIL – The commodity faces further recovery threats following its higher close on Wednesday. On the downside, support resides at the 69.50 level where a break will expose the 69.00 level. A cut through here will set the stage...
Canada: So-so Details in a Solid Q2 GDP Report
The Canadian economy expanded by 2.9% (q/q annualized) in the second quarter. This was well ahead of the (upwardly revised) 1.4% pace marked at the start of the year, although it fell a bit short of market (and our) expectations....
US: Core Inflation Holds at Target in July, Real Spending Extends Winning Streak
Personal income rose 0.3% in July – a hair below both market expectations and last month’s gain. Adjusted for inflation and removing taxes, real disposable income was up 0.2% in the month. Personal spending rose 0.4% in nominal terms, in...
Take-Two’s ‘Red Dead Redemption 2’ game to sell better than expected: Bank of America
Investors should buy Take-Two Interactive shares ahead of the release of the “Red Dead Redemption 2” game, according to Bank of America Merrill Lynch. The firm reiterated its buy rating for Take-Two shares, predicting the gamemaker will report earnings above...
Yen Regains Ground as Investor Sentiments Weighed Down by Turkey and China Again
Yen regains some ground today as global markets, except US, are back in risk averse mode. Another day of selloff in the Turkish Lira is a reason for the selloff in European stocks. USD/TRY hits as high as 6.839 today...
Your first trade for Thursday, August 30
The “Fast Money” traders shared their first moves for the market open. Pete Najarian was a buyer of World Wrestling Entertainment Tim Seymour was a buyer of CannTrust Holdings Dan Nathan was a buyer of JPMorgan Guy Adami was a...
Discipline is a key reason why superstar investors – including Buffett, Soros – are successful: AQR
Though Warren Buffett, Bill Gross, George Soros and Peter Lynch hail from different sides of Wall Street, the investing superstars all followed basic rules that helped them succeed, according to AQR Capital Management. In the fifth episode of its new...
Turkish Lira| Increasing Bearish Momentum
The chart below on a daily time-frame shows the pair USD/CAD trading in a down trend. In addition, it shows that the pair over the past month had begun to gradually decrease and as of now this movement is in...
GBPUSD Testing 1.3000 Support Level
The British pound is testing the 1.3000 support level against the US dollar, after finding strong technical resistance from the 1.3040 level during the European trading session. Despite the pullback price, the GBPUSD pair remains bullish while trading above the...
EURUSD Watching Bearish Pattern
The euro currency is starting to trade lower against the US dollar after once again being sold sharply from the 1.1700 level this morning. The recent rejection from the 1.1700 level has created a bearish head and shoulders pattern across...
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