On Wednesday, the US dollar weakened in anticipation of the US CPI data, which could influence market exposure. A Bloomberg survey predicts a year-on-year read of 5.0% to the end of April. Market sentiment is affected by the US debt ceiling and issues with regional banks. While the major APAC equity indices are...
Stock market: HP can’t recover
2019-11-11 • Updated
SELL 18.50; TP 17.70; SL 18.70
BUY 19.35; TP1 20.00; TP2 20.70; SL 19.15
The shares of HP lost more than 10% in February. It was reasonable to expect that the first week of March would bring some relief. However, that didn’t happen. Last week the price moved even lower dropping to the minimal levels since the end of August. As you may guess, the reason for the decline was a disappointing earnings report that showed the company’s printing segment struggling to grow amid heightened competition.
All in all the stock has become rather cheap and may attract new demand. However, the weekly chart still shows the scope of the decline to 200-week MA at 17.65. This level will definitely limit the downside. At the same time, to test resistance at 20.00 and 20.70, the price needs to rise above 2018 lows at 19.30.
I know we've had quite an amazing run these past few month, with over 78% accuracy in our trade ideas and sentiments, and thousands of pips in profits monthly...
On Friday 10th February 2023, the Office for National Statistics published the figures for the Gross Domestic Product (GDP) as 0.1% which turned out greater than the initial forecast of -0.2%. As a result of the positive outlook of this report, we need to examine the short-term impact on GBP pairs from a technical point of view.
Let's dive into the world of gold. Currently, the price of gold, represented by XAUUSD, is stuck in indecision, hovering around the $1,975 mark. The market is anxiously awaiting two important factors: the release of the Federal Reserve's meeting minutes and the extension of the US debt ceiling.
Hey guys, this is the last full trading week in May, and many forward-looking individuals like myself are already preparing themselves to seize whatever opportunities June may have in store. On this note, I will review a few commodities that have satisfied my quest for swing-trading opportunities in the coming month. Follow me!
The Bank of England (BoE) has dramatically shifted its economic forecasts. They no longer expect a recession in the UK and have upgraded their growth projections. This year, the BoE predicts GDP growth of +0.25%, a significant improvement from previous expectations. Next year's forecast is even more optimistic, with a projected growth of 0.75%.