Stocks making the biggest moves midday: Papa John’s, Sysco, Clorox & more
Check out the companies making headlines midday Monday: Papa John’s — Shares of the embattled pizza maker rose more than 12 percent after the company announced Starboard Value has taken a $200 million stake in the company. Starboard CEO Jeffrey...
RBA to Tell the Same Story But With Different Language
Following the Fed, the RBA comes next in line to decide on monetary policy. The first meeting of 2019 at 0330 GMT on Tuesday is expected to extend the historic period of inaction to 29 months, though with the Fed, the world’s...
Elliott Wave Analysis: GBP/JPY Update
GBPJPY is nicely recovering from the 142.02 level, giving us an idea that corrective wave iv as part of a bigger, bullish cycle is completed, and that final wave v is in play. In such case we labelled current leg...
Lurching high-yield spreads show a broken market
Euromoney spent the last month talking to the people running markets businesses at many of the world’s largest banks. It’s intriguing to learn what they are not particularly worried about – the threat from new technology, the prospect of disintermediation,...
USD/JPY – Dollar Punches Past 110 as Yen Slips
USD/JPY has posted considerable gains in the Monday session, continuing the upward trend seen on Friday. In North American trade, the pair is trading at 109.95, up 0.41% on the day. It’s a quiet day on the release front, with...
Yen Sold Off Broadly, Dollar Extends Recovery But Still Held Below Resistance Elsewhere
While Dollar is extending it’s broad based recovery today, it’s Yen’s weakness that’s worth more of a mention. There is no clear follow through in global stock rally today. Yet Yen is under broad based pressure and it’s overtaking Aussie...
How to Short Forex: Short Selling Currency Explained
Short selling currency involves taking positions under the pretence of a bearish sentiment. Historically short selling has been used in the commodity markets under negotiated contracts, however in current financial markets short selling has spread to almost every financial instrument...
How and When to Buy or Sell in Forex Trading
When it comes to buying and selling forex, traders have unique styles and approaches. This is because the forex market is one of the most liquid and largest in the world and as a result there is no one single...
GBPUSD Testing Trendline Support
The British pound has moved sharply lower against the US dollar after the United Kingdom Construction PMI came in much weaker than expected for the month of January. The GBPUSD pair is now testing key trendline support, while technical indicators...
Deutsche Bank-Commerzbank merger: Long live the kingmaker
So far, the 2019 edition of the merger between Deutsche Bank and Commerzbank is following the playbook. The sector is unprofitable in Germany, so a merger is the only thing that makes sense, but the sector is unprofitable, so a...