The dollar is trading weaker on the back of the US-Europe PMI divergence. We’d be cautious about jumping into a bearish narrative on the back of soft activity surveys, as hard data (GDP and PCE are due this week) has generally helped the
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Most NFL general managers (GMs) are optimistic and displaying overconfidence today as they prepare for tomorrow’s NFL draft. The draft is a once-a-year opportunity for GMs to acquire talent. Pixabay Like investors, GMs often think they are smarter than their competitors, aka
US PMIs Miss… AgainThe US Dollar was seen softening yesterday on the back of a weaker-than-forecast set of PMI readings for last month. The March manufacturing PMI was seen falling to 49.9 from 51.9 prior, well below the 52 expected.
JNJ Elliott Wave Analysis Trading Lounge Daily ChartJohnson & Johnson, (JNJ) Daily ChartJNJ Elliott Wave Technical AnalysisFUNCTION: Counter TrendMODE: CorrectiveSTRUCTURE: ComplexPOSITION: Intermediate (2).DIRECTION: Downside in wave Z. DETAILS: Looking for support as we touched 0.618 Z vs. X. If we find resistance
Tesla’s (TSLA) stock price soared over 10% in premarket trading, driven by CEO Elon Musk’s promises at the earnings call. Pixabay Tesla’s stock price soared by over 10% in premarket trading today, reaching $161.13 per share at the time of writing, despite the company’s recent
Image Source: DepositPhotosAs the week got going, we talked about the possibility that a lot of the Dollar bullishness and equity market bearishness may have been priced to the max, leaving room for a healthy reversal of flow. And indeed,
Crude oil traded little changed this morning as geopolitical risks continue to ease. Meanwhile, a constructive API report failed to lift sentiment. Pixabay Energy – Bullish API report fails to lift sentimentSentiment in the oil market remains soft, with prices for both
Tesla, the leading American electric vehicle manufacturer, recently teased a new development during their Q1 Earnings Call that may soon allow your car to autonomously pick you up or earn money on its own.Here’s a detailed look at what Tesla’s future in autonomous driving
At Monday’s close, the Dow Jones Industrial Average (US30) was up 0.69%, while the S&P 500 Index (US500) added 1.20%. The NASDAQ Technology Index (US100) closed positive 1.59% on Tuesday. The US stock indices closed moderately higher, with the Dow Jones Industrials Index rising to a one-week
Bitcoin chart analysisThe price of Bitcoin successfully broke above the $67000 level. A new weekly high was formed at the $67241 level. After that, we saw a pullback to support at the EMA50 moving average up to $66000. We remain above and
