Stocks making the biggest moves premarket: CarMax, BlackBerry, GM, Wells Fargo & more
Check out the companies making headlines before the bell: CarMax — The auto retailer reported quarterly profit of $1.13, 9 cents a share above estimates. Its revenue fell below Street forecasts. Comparable-store used car sales were up 2.8 percent compared...
USD/CAD Awaits Canadian GDP
During the last 24 hours, the US Dollar has appreciated about 55 base points against the Canadian Dollar. The currency pair tested the lower boundary of an ascending channel pattern at 1.3400 during yesterday’s trading session. As for the near...
NZD/USD Set For Breakout
The New Zealand Dollar has depreciated about 50 base points against the US Dollar since Thursday’s trading session. The decline was stopped by the weekly S2 at 0.6771. By and large, it is likely that the NZD/USD currency pair will...
Africa: Safaricom’s new overdraft facility ‘will boost revenues’ for M-Pesa
Safaricom has signed up more than four million customers to its new overdraft facility Fuliza, extending $170 million in credit since its launch in January. The new overdraft facility was born out of necessity, explains Bob Collymore, CEO of Safaricom, during an...
GBPCAD Loses Momentum, Retains Bullish View In Medium Term
GBPCAD declined below the 23.6% Fibonacci retracement level of the upward movement from 1.6590 to 1.7795, near 1.7510 on Friday. The technical indicators are slowing down, mirroring the market’s behavior over the last days as the RSI is dropping below...
EUR/JPY Will Aim For 200-Hour SMA
The single European currency is gradually gaining strength against the Japanese Yen. The currency pair gained about 79 base points during Thursday’s trading session. The exchange rate is currently trading near the 50– and 100-hour simple moving averages at 124.40....
EUR/USD Outlook: Bears Eye 2019 Low For Retest
The Euro holds firmly in red for the fourth straight day and extends weakness, after fresh bearish signal was generated on Thursday’s close below 1.1240 (Fibo 76.4% of 1.1176/1.1448) the last obstacle en-route to 1.1176 (2019). The pair is on...
EUR/USD Depreciates To 61.80% Fibo
During Thursday’s trading session, the currency exchange rate passed through the support levels of the monthly and the weekly S1 to end the trading session at 1.1220. On Friday morning, the rate was located at the 1.1228 mark. In regards...
GBP/USD Trades Without Support Levels
During Thursday’s trading session, the British Pound passed through the support level of the monthly pivot point to end the trading day at 1.3050. On Friday morning, the British pound depreciated against the US Dollar to pass through the weekly...
USD/JPY Passes 61.80% Fibo
During Thursday’s trading session, the currency exchange rate broke through most of the technical indicators to end the day at 110.60. On Friday, the rate was located above the 61.80% Fibonacci retracement level at the 110.77 mark. In regards to...