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European Flash January PMIs
The omicron variant has restored the question of how much the restrictions to curb the spread of covid will affect retailers. Now, the focus across Europe seems to be more on getting people to vaccinate, than restricting gatherings or…
StockWatch: Netflix Plunges by 20% as Growth Slows!
Netflix shares plunged by more than 20% in after-hours trading yesterday on slowing subscriber growth.
Even though the company beat estimates on EPS and revenue, it could not stop the stock from falling to 2020 levels.
Netflix said…
Intraday Market Analysis – Gold Continues Upward
XAUUSD breaks resistance
Gold surged over geopolitical tensions between the West and Russia over Ukraine.
Following a three-week-long sideways grind, the break above the triple top at 1830 indicates strong commitment from the…
Why Hasn’t the US Lifted Chinese Tariffs?
It seems so long ago that the biggest concern for the markets was a trade war between the US and China, initiated with taxes applied by the Trump administration.
Among a diverse range of effects, China's currency lost value dramatically.…
StockWatch: Wall Street Banks do it Again!
Morgan Stanley posted better-than-expected Q4 profits yesterday.
Bank of America also topped profit estimates as they exceeded credit costs.
With the big wall street banks seemingly ignoring the pandemic, what is next in store for the…
USDCAD Bullish Impulse (C) Leads to New Highs
The USDCAD pair sees an upward price movement within the large wave Ⓨ of the primary degree. Judging by the internal structure, wave Ⓨ takes the form of a simple 3-wave zigzag. This is marked by intermediate sub-waves (A)-(B)-(C).…
Intraday Market Analysis – USD Pulls Back Again
USDCAD grinds lower
The Canadian dollar finds support from hotter-than-expected inflation. The US counterpart remained under pressure after it failed to hold onto 1.2500.
The RSI’s repeatedly oversold situation has attracted some…
What’s Up With 5G and Airlines?
Yesterday, several US airlines, and others who fly to the US, announced they were suspending flights over 5G. Since then, there have been changes, and many have announced that they will resume the flights.
Initially, this gave investors…
StockWatch: Activision Blizzard Jumps Over 25%!
Activision Blizzard saw its shares soar almost by 26% after it announced Microsoft’s deal.
It would be Microsoft’s largest acquisition to date in a $68.7bn cash deal.
The deal would be a major step for Microsoft's Xbox gaming brand in…
GBPJPY Impulse Or Ending Diagonal?
The GBPJPY currency pair is most likely moving within the cycle impulse, with wave III under development.
We can assume that the correction wave ④ of the primary degree ended at the end of December. This correction took the form of…
