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StockWatch: AT&T Earnings Up, but Stocks Drop!
AT&T posted a big quarter of subscriber gains, but shares were slightly down as some questioned the company’s growth.
Intel shares fell more than 8% in extended trading on a weaker-than-expected sales report.
The company blamed an…
Intraday Market Analysis – USD Consolidates Gains
USDJPY seeks support
The US dollar steadies over lower-than-expected initial jobless claims.
Sentiment remains upbeat, however, the pair is struggling to climb past the psychological level of 115.00, probably due to overextension.…
StockWatch: Tesla Reports Record Revenues!
Tesla has posted record revenue and profits in Q3 once again. The company reported $1.62bn in net income, the second time it has surpassed $1 billion.
The improved gross margins of 30.5% on its automotive business drove the record…
USDJPY Bulls Target 117.10
USDJPY suggests the development of a large triple zigzag that consists of primary sub-waves Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ.
The first four waves of this triple zigzag have ended. The last actionary wave Ⓩ is currently under development.
Most likely, this…
October’s Global Flash PMIs: FX Volatility Day
Given the situation in global supply chains, PMI data has returned to focus.
Businesses are increasingly reporting difficulties in obtaining supplies. This translates into lower profits and slower economic growth. Purchasing managers are…
Intraday Market Analysis -GBP Consolidates Gains
GBPUSD seeks support
The pound’s rally stalled after Britain’s core CPI dropped below 3% in September. The pair’s recovery has picked up the pace after a close above the daily resistance at 1.3730.
1.3900 is the main hurdle and a…
StockWatch: J&J Vaccine Adds Over $500m in Q3!
Johnson & Johnson sold over $500m of its Covid-19 vaccine in Q3, which beat Wall Street’s profit expectations.
At the same time, the company maintained its Covid vaccine sales outlook for the year at $2.5bn.
Netflix's added over 4…
XAUUSD Gold Price May Fall To 1595.91
The Gold structure suggests that the intermediate correction wave (4), is a triple zigzag consisting of minor sub-waves W-X-Y-X-Z.
As part of the correction (4), the final minor wave Z is under construction and is almost complete. If we…
Oil: The Perfect Storm Keeps Brewing
Last night, workers at a US refinery in Texas voted against resuming work in the latest round of acrimonious negotiations between the union and Exxon Mobile.
The company plans to transform the location into the largest refiner on the…
Intraday Market Analysis – Gold Attempts to Rebound
XAUUSD awaits breakout
Gold inched higher as the dollar index hit a two-week low.
The latest rebound has been checked by the psychological level of 1800. With the RSI showing an overbought situation, short-term buyers were swift in…
