Share: The Australian Dollar plunges through support following the release of US Q2 GDP. Downside pressure maintains on the Aussie after the release of US PCE inflation data for June. The Fed Chairman said he could not confirm if there would be further rate hikes, noted a fall in Core CPI and strength in
Share: GBP/USD bears eye a 50% mean reversion if not the 61.8%ratio. The 4-hour W-formation neckline support has a confluence with the 78.6% Fibonacci. GBP/USD ended at around 1.2840 on Friday after reaching its lowest level since July 6 while investors remain concerned that the hawks will continue to circle over the Federal
Share: Mullen stock has lost 22.1% over the past month, 4.7% over past five sessions. New agreement announced with Shoshoni Native American Tribe. Majority-owned Bollinger Motors receives $3 million grant from Michigan. Market awaits August 3 shareholder meeting for further news. Mullen Automotive (MULN) stock is around 5.0% lower on Friday, trading in
Share: EUR/USD bulls are in the market but face a wall of resistance. EUR/USD bears eye the 4-hour W-formation and a move into test key support. EUR/USD traded higher Friday as the US Dollar bears pounced on data that inflation showed further signs of cooling in June according to Personal Consumption Expenditure data. However,
Share: WTI is attempting to breakdown but the bulls stay in charge. A break of $79.00 is required for bearish thesis to be solidified. WTI crude also rose 4.6% for the week, marking the fifth consecutive weekly increase, the longest winning streak since the week ending June 10, 2022. This leaves the longs exposed
Share: Learn the Insider Secrets of what the Top Hedge Funds are doing TODAY to maximize their upside and gains. In May 2023, Kimberly-Clark Corporation (NYSE:KMB) stock climbed to a 52-week high of $147.87. However, the stock has failed to hold those gains and heading into the company’s earnings report, KMB stock turned
Share: Dow Jones rises after the Fed executes a 0.25% hike at its meeting on Wednesday – as expected. The index rose intitially, clocking 0.35% gains but then fell flat soon after. Dow component earnings results have been mixed so far this week with plenty still to report. The Dow Jones Industrial Average
Share: USD/CAD struggles to gain momentum beyond the 1.3200 area on Wednesday. The pair holds below the 50- and 100-hour EMAs with a downward slope. The immediate resistance level is seen at 1.3200; the initial support level is located at 1.3145. The USD/CAD pair attracts some follow-through buying but struggles to gain momentum
