Latest Market News
EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, the asset has formed a Shooting Star reversal pattern close to the resistance area. At the moment, EURUSD may reverse in the form of another descending impulse. In this case, the downside target may be at 1.0120. However, an alternative scenario implies […]
USDJPY, “US Dollar vs Japanese Yen” USDJPY is correcting within the bullish channel. The instrument is currently moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may re-test the cloud’s upside border at 137.60 and then resume moving upwards to reach 140.65. Another signal in favour of a […]
The administration of President Joe Biden is planning to overhaul the federal health department and create a new independent division to lead the nation’s pandemic response, the Washington Post reported, citing seven people briefed on the plan. The move, which comes amid frustration with the Centers for Disease Control and Prevention, would elevate a 1,000-person […]
Type: Bearish Momentum Key Levels:Resistance: 4083.25Pivot: 3945.00Support: 3905.25 Preferred Case:On the H4, with price recently breaking the descending trend channel, we have a bullish bias that price will rise from the pivot at 3945.00 at the pullback swing high in line with the 78.6% fibonacci projection and 50% fibonacci retracement to the 1st resistance at […]
Netflix EPS Beat, Revenues Miss Netflix shares are trading higher ahead of the open today despite a bumpy set of second quarter earnings yesterday. Netflix came through with an EPS of $3.20, well above the $2.95 the market was looking for. However, revenues were seen lower than forecast at $7.97 billion vs $8.026 billion expected. […]
Shares of Elevance Health Inc. ELV, -7.62%, previously known as Anthem Inc, tumbled 8.7% in afternoon trading Wednesday, enough to pace the S&P 500’s SPX, +0.59% decliners, as investors jeered the health insurance company’s second-quarter results. The stock was on track to suffer the biggest one-day selloff since March 2020. The company reported earlier second-quarter […]