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.
Strategies
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.
GBPUSD Forecast August 9, 2016, Technical Analysis
The GBPUSD pair did very little during the day on Monday, forming a slightly negative candle.
EURUSD Forecast August 9, 2016, Technical Analysis
The EURUSD pair initially tried to rally during the course of the day on Monday, but turned back around to form a bit of a shooting star.
AUDUSD Forecast August 5, 2016, Technical Analysis
The AUDUSD pair rose slightly during the day on Thursday, as we continue to see bullish pressure.
EURUSD Forecast August 4, 2016, Technical Analysis
The EURUSD pair fell significantly during the course of the session on Wednesday, forming what is essentially a “today shooting star” in this market at the 1.12 level.
AUDUSD Forecast August 4, 2016, Technical Analysis
The AUDUSD pair went back and forth during the course of the day on Wednesday, essentially settling on a neutral candle.
EURUSD Forecast August 3, 2016, Technical Analysis
The EURUSD pair did have a bullish day during the day on Tuesday, breaking above the 1.12 level.