Latest Market News
Shares of Bath & Body Works Inc. BBWI, -8.64% fell more than 4% in the extended session Wednesday after the specialty retailer reported first-quarter earnings above Wall Street expectations, but lowered its guidance for the full year. The company said it earned $155 million, or 64 cents a share, in the quarter, compared with $277 […]
EURUSD is taking a break after four days of recovering. The major currency pair slowed down its recovery. The current quote for the instrument is 1.0508. The statistics published by the US yesterday were quite confident. The Retail Sales added 0.9% m/m in April after gaining 1.4% m/m the month before and against the expected […]
EURUSD, “Euro vs US Dollar” EURUSD is rebounding from the bearish channel’s upside border. The instrument is currently moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the cloud’s upside border at 1.0535 and then resume moving downwards to reach 1.0245. Another signal in favour of […]
April CPI Hits 9%The latest set of UK economic data released today confirmed CPI hit 40-year highs last month. Headline inflation rose to 9% from the prior month’s 7% while core inflation was seen jumping from 5.7% to 6.2%. With UK prices continue to balloon, there is a growing expectation that the BOE will be […]
Type: Bullish BounceKey Levels:Resistance: 1695’0Pivot: 1672’6Support: 1663’2Preferred Case:With price moving above our Ichimoku cloud , we have a bullish bias that price will rise to our 1st resistance in line with the 61.8% Fibonacci projection from our pivot of 1672’6 in line with the horizontal swing low support.Alternative Scenario:Alternatively, price may break pivot structure and […]
• Chevron reversed from resistance level 174.30• Likely to fall to support level 165.00 Chevron today reversed down sharply from the resistance area set between the major resistance level 174.30 (the previous monthly high from March and April) and the upper daily Bollinger Band. The downward reversal from this resistance area created the daily Evening […]