Latest Market News
Shares of GameStop Corp. GME, +24.77% rose 1.2% in premarket trading Monday, which puts them on course for the longest win streak in 12 years. The videogame and consumer electronics retailer’s stock rallied 6.7% on Friday for a ninth-straight gain, which was the longest since the nine-day stretch that ended Nov. 29, 2017. A tenth-straight […]
EURUSD, “Euro vs US Dollar” EURUSD is forming a wide consolidation range around 1.0970. Possibly, today the pair may start a new decline towards 1.0966 and then grow to reach 1.1001. After that, the instrument may resume trading downwards with the target at 1.0937. GBPUSD, “Great Britain Pound vs US Dollar” After completing the descending […]
AUDUSD, “Australian Dollar vs US Dollar” In the H4 chart, AUDUSD is trading above the 200-day Moving Average, thus indicating a possible ascending tendency. In this case, the price is expected to test 7/8, break it, and then continue growing to reach the resistance at 8/8. However, this scenario may no longer be valid if […]
Type: Bearish DipKey Levels:Resistance: 19.89Pivot: 19.63Support: 19.05Preferred Case:Price is approaching our pivot level of 19.63 in line with 78.6% Fibonacci retracement. We see the potential for a bearish dip towards our 1st support level of 19.05 in line with 50% Fibonacci retracement. Our bearish bias is further supported by the stochastic indicator where price is […]
Type: Bullish PressureKey Levels:Resistance: 228.10Pivot: 220.20Support: 214.00Preferred Case:Price is near pivot level of 220.20 in line with 50% Fibonacci retracement. Price can potentially rise up to the 1st resistance level at 228.10, in line with 61.8% Fibonacci projection, with a graphical swing high resistance. Our bullish bias is further supported by price trading above the […]
American International Group Inc. AIG, -1.16% said Monday it reached an agreement with BlackRock Inc. BLK, +1.19% for BlackRock to manage liquid fixed income private placement assets valued up to $60 billion. BlackRock will also manage up to $90 billion of assets for AIG’s Life & Retirement business. The strategic partnerships “will provide both AIG […]