Day: September 12, 2022
VMware Inc. VMW, +0.47% was charged by the Securities and Exchange Commission late Monday for misleading investors about its sales practices. The SEC said “beginning in fiscal year 2019, VMware began delaying the delivery of license keys on some sales orders until just after quarter-end so that it could recognize revenue from the corresponding license […]
Type: Bearish Drop Key Levels:Resistance: 148.125Pivot: 144.475Support: 141.150 Preferred Case:On the H4, with price moving along the ascending trendline and above the ichimoku indicator, we have a bullish bias that price will rise from the pivot at 144.475 to the 1st resistance at 148.125 where the 127.2% fibonacci extension is. Alternative Scenario:Alternatively, price could break […]
Type: Bullish Rise Key Levels:Resistance: 1.1774Pivot: 1.1650Support: 1.1497 Preferred Case:On the H4, with the price breaking the descending trendline and ichimoku cloud , we have a bullish bias that the price may rise from the pivot at 1.1650, where the current price and overlap resistance are to the 1st resistance at 1.1774 where the overlap […]
U.S. stocks finished higher on Monday, notching a fourth-straight day of gains as investors await an update on the pace of inflation in August. The S&P 500 SPX, +1.06% advanced 43.05 points, or 1.1%, to 4,110.41. The Dow Jones Industrial Average DJIA, +0.71% climbed 229.63 points, or 0.7%, to 32,381.34. The Nasdaq Composite COMP, +1.27% […]
All three major U.S. stock indexes remained higher in the final hour of trading on Monday, as traders await Tuesday’s consumer price index report for August. Investors are optimistic that the data will show signs that inflation is easing further, following July’s unexpected drop to an 8.5% annual headline rate. Dow industrials DJIA, +0.71% were […]
EURUSD, “Euro vs US Dollar” On H4, the quotes are under the 200-day Moving Average, which indicates the prevalence of a downtrend. A breakaway of 5/8 downwards is expected, followed by falling to the support level of 3/8. The scenario can be cancelled by rising over the resistance level of 6/8, which might lead to a […]
Oil futures climbed on Monday, with the U.S. benchmark marking its highest settlement month to date. The “bullish trifecta pushing the envelope [Monday] are faltering Iranian nuclear discussions, broad based recovery in the U.S. capital markets and resilient strength in U.S. wage growth,” said Manish Raj, chief financial officer at Velandera Energy Partners. October WTI […]
Silver futures rallied on Monday by nearly 6%, while gold futures finished at their highest in two weeks, with both precious metals getting a boost from weakness in the U.S. dollar. “Whether the metals can kick on from here or go in reverse depends almost entirely on the direction of U.S. dollar,” said Fawad Razaqzada, […]
Soybean futures climbed on Monday, poised to end the session at their highest in more than two weeks after the U.S. Department of Agriculture reduced its 2022/2023 U.S. soybean production forecast by 152 million bushels to 4.4 billion bushels. In its monthly World Agricultural Supply and Demand Estimates report, it also forecast U.S. soybean yield […]
The Central Bank of Ireland has today (12 September 2022) published the pre-Budget letter sent to the Minister for Finance by Governor Gabriel Makhlouf on 22 July 2022. The letter sets out the challenging and uncertain economic backdrop to Budget 2023. The economy began 2022 with strong momentum as the impact of the pandemic subsided, […]
