NZD/USD Huge Inverted SHS Pattern Suggests Bullish Reversal
The NZD/USD has formed a bullish SHS pattern so we might see another bullish reaction from the POC zone . The NZD is gaining momentum vs USD just a day prior to FOMC statement and FED cash rate decision. Equities...
Chevron, Occidental have fire power left in battle for Anadarko — but they probably won’t use it
Chevron may try to lure Anadarko away from Occidental Petroleum, but some analysts expect a lower bid than its rival. The typically conservative diversified oil companies are eyeing Anadarko’s prime acreage in the Permian Basin, and in the case of...
EURUSD Lacks Strong Bullish Signals Below 1.12
EURUSD tumbled into the 1.11 region on Friday for the first time after almost two years, stretching further its long-term downward pattern. While Monday’s bounce justified oversold signals by the Stochastic indicator, the weakness in the RSI, which continues to...
Euro-Zone’s M3 Money Supply Climbed To Its Highest Level In 14-Months In March
For the 24 hours to 23:00 GMT, the EUR rose 0.30% against the USD and closed at 1.1184. On the macro front, the Euro-zone’s M3 money supply advanced to 14-month high of 4.5% on an annual basis in March, surpassing...
UK’s Lloyds Business Barometer Advanced In April
For the 24 hours to 23:00 GMT, the GBP rose 0.09% against the USD and closed at 1.2932. The Bank of England Governor, Mark Carney, vowed to revamp the central bank by adapting to hard as well as soft infrastructure...
China PMI Misses Raise Doubt on Recovery, Australian Dollar Turns Soft
S&P 500 and NASDAQ made record highs overnight but sentiments turned around in Asia. Weaker than expected China PMIs raised doubt on the sustainability of the post lunar new year recovery. There is even question on whether slowdown has bottomed....
Stocks making the biggest moves after hours: Alphabet, Yum China, MGM Resorts & more
Google’s New York City office in lower Manhattan. Spencer Platt | Getty Images Check out the companies making headlines after the bell: Shares of Alphabet tanked more than 6% in extended trading Monday following the release of the tech giant’s...
FTSE Edges Higher as US-China Trade Talks Enter Critical Phase
The FTSE index has started the week in positive territory. In the North American trade, the FTSE is trading at 7,452 up 0.32% on the day. On the release front, the U.K. releases GfK Consumer Confidence, which has been mired...
AUDUSD Faces Recovery Threats Though Vulnerable
AUDUSD faces recovery threats though vulnerable medium term. On the upside, resistance lies at the 1.7100 level. A cut through here will turn attention to the 0.7150 level and then the 0.7200 level where a violation will set the stage...
BOE Preview: Looking Through Strong First Quarter, with Focus on Softer Inflation and Prolonged Brexit Uncertainty
Some positive notes are seen in the first quarter, both domestically and globally. Yet, these are neither sufficient not strong enough to alter BOE’s stance in May, the first monetary policy meeting since Brexit was offered an extension until October...
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