The electric car maker Tesla is scheduled to report earnings for the third quarter today after the market close, with forecasts pointing to another weak period. Recommendations are leaning towards selling the stock. Cost efficiency is the goal Tesla announced a smaller increase in car deliveries for the third quarter than markets anticipated at the […]

The world’s leading online retailer will announce its earnings for Q3 after Wall Street’s closing bell on Thursday. Profit margins are expected to have been squeezed, amid rising costs. Yet, perhaps most of the attention could fall on the performance of the firm’s cloud business. Beyond that, any comments by management about the recent antitrust […]

The world’s leading online retailer will announce its earnings for Q3 after Wall Street’s closing bell on Thursday. Profit margins are expected to have been squeezed, amid rising costs. Yet, perhaps most of the attention could fall on the performance of the firm’s cloud business. Beyond that, any comments by management about the recent antitrust […]

AUDUSD sellers ceased further gains, returning the price beneath the 100-day simple moving average (SMA). The bears are now attempting to penetrate below the June low of 0.6831. The MACD’s short-term positive picture and the upward slopes of the mid-Bollinger band and the 40-day SMA, suggest the pair may improve. However, with the price caught below […]

AUDUSD sellers ceased further gains, returning the price beneath the 100-day simple moving average (SMA). The bears are now attempting to penetrate below the June low of 0.6831. The MACD’s short-term positive picture and the upward slopes of the mid-Bollinger band and the 40-day SMA, suggest the pair may improve. However, with the price caught below […]

Risk Warning: 69.10% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Please consider our Risk Disclosure: https://www.xm.com/goto/risk/en Risk warning is correct at the time of publication and may change. Please check our Risk Disclosure for […]

Risk Warning: 69.10% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Please consider our Risk Disclosure: https://www.xm.com/goto/risk/en Risk warning is correct at the time of publication and may change. Please check our Risk Disclosure for […]

The latest US durable goods orders, a proxy for capital expenditure, are due out on Thursday at 12:30 GMT. The preliminary Markit PMIs for October will follow a few minutes later. While important, these are unlikely to change the narrative around the Fed, or the dollar. Much of the greenback’s direction will frankly depend on […]

The latest US durable goods orders, a proxy for capital expenditure, are due out on Thursday at 12:30 GMT. The preliminary Markit PMIs for October will follow a few minutes later. While important, these are unlikely to change the narrative around the Fed, or the dollar. Much of the greenback’s direction will frankly depend on […]

Crypto Industry News: You can now earn a master’s degree in Blockchain and Distributed Ledger Technology (DLT) at the University of Malta. The financial media announced the creation of a new Master’s degree on October 21, noting also that about 35 students were enrolled in the course. Joshua Ellul, director of the master’s program and […]

British MPs reject Johnson’s fast track of Brexit legislation EU expected to offer extension; could pave way for UK general election Pound and euro slip as dollar and yen edge up amid some risk-off No Brexit on October 31 Boris Johnson’s hopes of the UK leaving the EU on October 31 were dashed yesterday after […]

Tesla stock currently holds at the 200-day simple moving average (SMA) located at 254, which is also the 38.2% Fibonacci retracement of the down leg from 379.21 to 176.65. Sellers reversed the price – ahead of the resistance at 266 from July 24 – back down, denying further gains. The short-term oscillators are cautiously skewed […]

GBPJPY confirmed that the rebound off the 3-year low of 126.53 is more than temporary after rallying above the 135.50 resistance area. Backing this is the intact bullish cross and the recent turn up in the slopes of the 20- and 50-day simple moving averages (SMAs). The bullish action gained extra credibility following the break above […]

GBPJPY confirmed that the rebound off the 3-year low of 126.53 is more than temporary after rallying above the 135.50 resistance area. Backing this is the intact bullish cross and the recent turn up in the slopes of the 20- and 50-day simple moving averages (SMAs). The bullish action gained extra credibility following the break above […]

GBPJPY confirmed that the rebound off the 3-year low of 126.53 is more than temporary after rallying above the 135.50 resistance area. Backing this is the intact bullish cross and the recent turn up in the slopes of the 20- and 50-day simple moving averages (SMAs). The bullish action gained extra credibility following the break above […]

For the sixth time now, XM will attend ITForum in Italy, and this time in the capital of Lombardy, Milan, on 27th November. Serving as an investment and trading forum, the annually organized ITForum Milan aims to bring many hundreds of online investors together with event exhibitors, providing a common ground for companies active in […]

For the sixth time now, XM will attend ITForum in Italy, and this time in the capital of Lombardy, Milan, on 27th November. Serving as an investment and trading forum, the annually organized ITForum Milan aims to bring many hundreds of online investors together with event exhibitors, providing a common ground for companies active in […]

Tomorrow, Wednesday October 23rd, we are hosting a free webinar with our expert analysts Jeffrey Kennedy & Jordan Kotick. They’ll show you how to use simple price charts to find reliable trade setups in any market, any time frame. So what are you waiting for? Reserve your seat now. https://bit.ly/2JaHUsn Learn How the Wave Principle […]

A currency strategist just cited “fundamental” reasons for the recent price action in the U.S. Dollar Index. Yet, EWI’s anticipated these price moves — including the greenback’s decline — before these fundamentals developed. Learn about this classic chart pattern … Subscribe to Elliott Wave International’s YouTube Channel: http://bit.ly/EWI-YouTube Or, follow Elliott Wave International around the […]

Microsoft will report its first fiscal quarter earnings result on Wednesday after the market close. The tech behemoth, whose share price has soared by about 36% in the year-to-date, has been benefiting from impressive growth in its cloud computing business. But competition from the likes of Amazon’s Web Services threatens to put the brakes on […]

Microsoft will report its first fiscal quarter earnings result on Wednesday after the market close. The tech behemoth, whose share price has soared by about 36% in the year-to-date, has been benefiting from impressive growth in its cloud computing business. But competition from the likes of Amazon’s Web Services threatens to put the brakes on […]

EURCHF is stuck between 1.0965 and 1.1063, and specifically around 1.0995 area where the upper band of the Ichimoku cloud and the 100-day simple moving average (SMA) are located. The gradual ascent of the price backed by the upward sloping 20- and 50-day SMAs, as well as, the intact bullish cross of the rising Tenkan-sen […]

The European Central Bank (ECB) will announce its decision on Thursday at 11:45 GMT, and a press conference will follow at 12:30 GMT. This will be the final meeting under President Mario Draghi, before Christine Lagarde takes over. No action is expected, so any market reaction will come from the hints on future easing. Given […]

Sometimes, you can learn about the market’s trend from unexpected places. In this video, our Asian-Pacific Opportunity Expert shows you what the price action in South Korea’s KOSPI 200 tells you about global investor mood — and its implications. Learn How the Wave Principle Can Improve Your Trading

Technical market analysis doesn’t have to be complicated, the long-time editor of our Trader’s Classroom tells his subscribers. Watch Jeffrey Kennedy show you a simple bar chart pattern you can start using today to spot trend reversals. (Markets: GOLD; SIRI, ROKU.) Learn How the Wave Principle Can Improve Your Trading