Elliott Wave View: Nasdaq Correction In Progress
Rally in Nasdaq (NQ_F) from December 26, 2018 low remains in progress as an impulse Elliott Wave structure. An impulse structure consists of a 5 waves move. Wave ((4)) of this impulse move has ended at 6965.57. As the chart...
Yen Lower on Asian Stocks Rally, BoJ Notes Weakness in Exports
Risk appetite is having a mild comeback in Asia today and commodity currencies are taking advantage of that. Meanwhile, Yen, Dollar and Sterling are also soft. The greenback shrugs off strong rebound in treasury yields overnight. Yen is weighed down...
DJIA Testing Key Level As Investors Weigh Fundamental Risks
Earlier today, we highlighted some of the fundamental risks facing equity investors. While we haven’t seen a clear breakdown in the major indices yet, meaning that the trend is still bullish, we can nonetheless map out the key battle grounds...
I’ll Take One Centimetre Of Snow At Heathrow Please
I’ll take one centimetre of snow at Heathrow please Wall Street’s three-day rally came to an end overnight after Bloomberg reported any signing of the US-China trade deal would be delayed until April. The fact it wasn’t an official announcement...
Stocks making the biggest moves after hours: Ulta Beauty, Broadcom, Facebook and more
Check out the companies making headlines after the bell: Shares of Ulta Beauty jumped more than 4 percent in extended trading Thursday following the release of the beauty company’s better-than-expected fourth-quarter earnings. Ulta reported earnings per share of $3.61 on...
Rep. Maxine Waters calls Wells Fargo CEO’s $2 million bonus outrageous, calls for his removal
Rep. Maxine Waters, the California Democrat who runs the powerful House Financial Services committee, called for the removal of Wells Fargo CEO Tim Sloan after news that he received a $2 million bonus as part of his 2018 pay package....
Australia: CBA switchback shows weakness of Royal Commission
Euromoney said earlier in March that the Royal Commission into banking behaviour in Australia was all shouting, little substance. And here’s the thing about banks: they can tell the difference and exploit it accordingly. On Thursday, CBA provided a “wealth...
GBPAUD Hits 1.88 after 2 ½-Years; Gains Could be Limited in Short Term
GBPAUD entered the 1.88 zone twice this week after more than 2 ½-years but the market was unable to retain gains above this mark, with the price returning to the 1.87 handle instead. The MACD has rebounded to meet its...
Japanese Yen Dips ahead of BoJ Statement
After a quiet week, USD/JPY has posted gains on Thursday. In the North American session, the pair is trading at 111.58, up 0.38% on the day. On the release front, U.S. numbers were soft. Unemployment claims climbed to 229 thousand,...
Trade Deal Delay
Presidents Trump and Xi have decided to move back a potential summit to finalize a trade agreement to April, signaling both sides still can’t reach an agreement as major issues still can’t be resolved. At the beginning of the month,...
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