GBPUSD Shows Signs Of Life
The GBPUSD ended higher last week on the back of surprisingly stronger-than-expected UK economic data and as the dollar eased along with expectations about an imminent rate hike in the US.
DAX – Could Stocks Rebound Soon?
This week saw data from the UK surprise positively and the severally-oversold pound bounced back sharply, while the dollar fell across the board as the Fed watered down rate hike expectations in the minutes of the FOMC’s last meeting and after some weakness in US data was observed, causing the EUR/USD to climb to its best level since 24 June.
EURUSD Forecast August 18, 2016, Technical Analysis
The EURUSD pair went back and forth during the course of the day on Tuesday, showing a bit of indecision after a very impulsive day on Monday.
China Securities Investor Confidence Down In July
The investor confidence index compiled by the China (FXI, quote) Securities Investor Protection Fund Corp. (SIPF) dropped from 54.9 in June to 51.6 in July.
EURUSD Forecast August 15, 2016, Technical Analysis
The EURUSD pair initially tried to rally during the course of the day on Friday, but gave back about half of the games in order to form a shooting star.
AUDUSD Forecast August 15, 2016, Technical Analysis
The Australian dollar initially tried to rally during the Friday session but back and sold off rather significantly.
Alibaba Q1 revenue surges 59%, best since IPO
China’s e-commerce giant Alibaba on Thursday announced revenue growth of 59 percent in the first fiscal quarter ending June, the fastest since its Initial Public Offerings.
GBPUSD Support Turned Resistance Aug 10, 2016
GBPUSD is pulling up from its recent slide and looks ready to test the nearby resistance levels. Applying the Fib tool on the latest swing high and low on the 1-hour chart shows that the 38.2% retracement level lines up with a broken support zone around the 1.3100 major psychological mark, which might now hold as resistance.
AUDUSD Forecast August 10, 2016, Technical Analysis
The AUDUSD pair fell initially during the course of the session on Tuesday, but turned back around to form a hammer as we press up against the massive resistance at the 0.7675 level.
Is Wal-mart Deal to Jet.com for $3B a ‘Desperate Move’?
Published on Aug 8, 2016 Aug. 8 — Wal-Mart Stores Inc. (WMT, quote) agreed to buy e-commerce startup Jet.com Inc. for about $3 billion in cash, giving the world’s largest retailer the resources for a stronger shopping website to compete with Amazon.com Inc., the online market leader.