GBP/USD Analysis: Highly Volatiles
During Thursday’s trading session, the currency exchange rate dropped by 107 pips or 0.81% to reach the weekly S1 at 1.3044. On Friday morning, the rate was retraced by the 50.00% Fibo to the 1.3115 mark. It is challenging to...
USD/JPY Analysis: Could Depreciate To 110.00
During Thursday’s trading session, the currency exchange rate traded sideways to end the trading day at 110.60. On Friday morning, the rate was located at the monthly pivot point at the 110.53 mark. In regards to the near-term future, most...
XAU/USD Analysis: Surges To Medium Pattern Lne
During Thursday’s trading session, the rate was supported by the 200-hour simple moving average to end the trading day at 1,305.00. On Friday morning, the yellow metal was located at the 1,311.76 mark. It is expected that gold might appreciate...
Deutsche Bank top management gets bonuses for first time in four years
Deutsche Bank’s management board members were handed their first bonuses in four years, according to the bank’s annual report published on Friday. The management board received total pay, including bonuses, of 55.7 million euros ($63.39 million) in 2018, up from...
Sterling Paring Losses as Brexit Cliff Edge Delayed for Two Weeks
After some roller coaster rides, Sterling is trading broadly higher for today after EU approved a short Brexit extension for UK. But overall, the Pound remains the weakest one for the week. Delaying the “cliff edge” by two weeks is...
Elliott Wave View: S&P 500 (SPX) Testing 2018 High
The rally from December 26, 2018 low in S&P 500 (SPX) remains in progress. We are labeling this rally as an impulse Elliott Wave structure, which is 5 waves structure. In the chart below, we can see wave (3) ended...
Market Morning Briefing: Aussie Is Headed Towards Resistance At 0.72
STOCKS Global indices looks mixed in the near term. The bias remains bullish. But a sideways consolidation is possible in the near term before we see fresh rallies in them. The Indian indices, Sensex and the Nifty 50 continues to...
Lyft to investors: We’ll get to 20 percent margins…someday
Lyft is in the process of courting investors, but potential buyers still question how and when the company will make money. The ride-hailing start-up is wrapping up the first week of its “roadshow,” a series of presentations across major U.S....
Boeing’s 737 Max could single-handedly hit US GDP if production is halted, JP Morgan says
A production halt of Boeing’s 737 Max jets could be felt well beyond the aerospace giant’s quarterly profits, according to J.P. Morgan. Michael Feroli, the bank’s chief U.S. economist, said in a note to clients that annualized U.S. GDP could...
The bond market is flashing its biggest recession sign since before the financial crisis
Federal Reserve Chairman Jerome Powell’s assertion this week that the U.S. economy remains strong is facing a stern test from the bond market, which showed a classic recession sign Friday morning. Short-term government fixed income yields are now ahead of...
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