Dow Eases after Hawkish Fed; Initial Reversal Signal is Generating on Daily Chart
Dow stands at the back foot on Friday, as Asian and European stocks were lower and hawkish Fed surprised investors, dampening demand. Thursday’s trading ended in Doji, which signaled that steep ascend in past two weeks is running out of...
How to Trade Reversals with the Hanging Man Pattern
Most traders will agree that there are few things more enjoyable than riding a steady uptrend all the way to the top. Unfortunately, as the old adage goes, “all good things must come to an end”. This is particularly true...
Week Ahead – After Central Banks and Midterms, Focus to Move Back to Economic Data
With central bank meetings and the US midterm elections out of the way, economic data will return to the forefront next week. Monthly stats on inflation, industrial output, employment and retail sales will dominate the calendar, while GDP numbers out...
Weekly Focus: One Step Closer to a Brexit Deal?
This publication has been prepared by Danske Markets for information purposes only. It is not an offer or solicitation of any offer to purchase or sell any financial instrument. Whilst reasonable care has been taken to ensure that its contents...
China Weekly Letter: Next Stop Xi-Trump Meeting
This is the first edition of China Weekly Letter, which we will publish at the end of the week going forward. It aims to give a brief wrap-up on Chinese news, with focus on the three main stories of the...
Dollar Firmer Up Again after Strong PPI, But More is Need to Prove Underlying Strength
Dollar turns a bit firmer again in early US session after stronger than expected PPI readings. For now it’s on of the strongest one today, along with Yen and Swiss Franc. But still, more technical breakthrough is needed in the...
Here’s what every major analyst said about Disney’s earnings and its new streaming service
Disney’s better-than-expected earnings and upcoming streaming service have Wall Street glowing as the longtime media giant enters a whole new world of content delivery. Shares jumped nearly 3 percent in early trading Friday, adding to their 8 percent gain for...
US wholesale prices jump 0.6% in Oct, the most in 6 years
U.S. wholesale prices rose by the most in six years last month, led higher by more expensive gas, food, and chemicals. The Labor Department said Friday that the producer price index — which measures price increases before they reach the...
Japan 225 Index Retreats from 2½-Week High; Bearish Signal by Stochastics in Very Short Term
The Japan 225 index shifted gears, losing around 450 points relative to Thursday’s two-and-a-half-week high of 22,579. The RSI halted its previous advance and reversed lower into bearish territory below 50. This suggests a tilt in short-term momentum towards a...
Pound Drops Momentarily Below 1.30 on Brexit Woes; Oil Set for Fifth Weekly Loss
Here are the latest developments in global markets: FOREX: The British economy expanded by 1.5% y/y in the third quarter as expected, preliminary data showed. The UK’s trade deficit narrowed, and the manufacturing output was slightly better than forecast in September. However, the evidence on business investment...
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