Latest Market News
• GBPCHF broke daily down channel • Likely to rise to resistance level 1.1770 GBPCHF continues to rise after the earlier breakout of the resistance trendline of the daily down channel from the start of July – which accelerated the active correction (iv). The breakout of the down channel follows the earlier upward reversal from […]
Shares of General Electric Co. GE, +2.18% rallied 2.3% in afternoon trading Thursday toward a seven-week high, to put them on track for the longest win streak in six years. The industrial conglomerate’s stock’s extended rally comes two days after GE reported a big second-quarter profit beat, surprisingly positive free cash flow and the first […]
Kohl’s Corp. KSS, +3.38% announced Thursday that it has partnered with Levi Strauss & Co. LEVI, +2.41% for an exclusive limited-time SilverTab capsule collection. The collection will have a 90s throwback vibe, with baggy clothing for men, women and kids. Levi’s were a big seller during Amazon AMZN, +1.19% Prime Day, and the denim company […]
EURUSD, “Euro vs US Dollar” Having completed the descending wave at 1.0100 along with the correction up to 1.0220, EURUSD is forming a new consolidation range around the latter level. If later the price breaks the range to the downside, the market may start a new decline with the short-term target at 1.0000. GBPUSD, “Great […]
USDCHF, “US Dollar vs Swiss Franc” In the H4 chart, USDCHF is trading below the 200-day Moving Average to indicate a possible descending tendency. In this case, the pair is expected to test 2/8, break it, and then continue falling towards the support at 1/8. However, this scenario may be cancelled if the price breaks […]
The U.S. Energy Information Administration reported on Thursday that domestic natural-gas supplies rose by 15 billion cubic feet for the week ended July 22. That compared to an average forecast for an increase of 25 billion cubic feet from analysts polled by S&P Global Commodity Insights. Total working gas stocks in storage stand at 2.416 […]