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EUR/USD Attempts To Recover Recent Losses, Hovers Around 1.0670

EUR/USD Attempts To Recover Recent Losses, Hovers Around 1.0670

Image Source: Pixabay EUR/USD faced a challenge as the US Dollar surged in the previous session. Euro experiences pressure on ECB’s uncertainty regarding the next policy move. Fed Chair Powell stated IMF event that current policies may not be enough to curb inflation. EUR/USD recovers recent losses recorded in the previous session, trading higher near 1.0670 during […]
3M Stock Declines After Company’s Leadership Changes

3M Stock Declines After Company’s Leadership Changes

Image Source: Unsplash 3M announced leadership changes, with Jeff Lavers and Ashish Khandpur preparing the company. The Health Care Business Group is currently preparing for a planned spin-off. The company has initiated a search for Ashish Khandpur’s successor. 3M Company (MMM) saw its stock price experience a decline of 0.89% during today’s trading session, closing at $92.32 per […]
ETFs: A Smart Choice For Tax-Loss Harvesting

ETFs: A Smart Choice For Tax-Loss Harvesting

Image Source: PixabayWhat Is It?Tax-loss harvesting involves selling a security at a loss and purchasing another security with a similar investment profile. This strategy enables an investor to maintain the portfolio’s positions relatively unchanged while deducting the loss from any gains for that year. The losing security can be repurchased 30 days after the sale, resulting in […]
Vanda Pharmaceuticals: A Beautiful Head And Shoulders Top

Vanda Pharmaceuticals: A Beautiful Head And Shoulders Top

Image Source: PexelsIt’s too late to really profit from it, but I wanted to share this chart of Vanda Pharmaceuticals (VNDA) since it is sporting such a beautiful head and shoulders top. It certainly seems to be doing its job in the aftermath.More By This Author:Impressive Performance Of DuolingoA One-Two WarningA Different Kind Of Gap
AUDJPY Elliott Wave Support Area For More Upside

AUDJPY Elliott Wave Support Area For More Upside

Image Source: UnsplashAUDJPY has a higher high bullish sequence from 7.28.2023 low favoring further upside with 100% – 161.8% target towards 98.08 – 101.23. Short term, the rally from 10.3.2023 low is unfolding as a 5 waves impulse. Up from 10.3.2023 low, wave ((i)) ended at 95.825 and pullback in wave ((ii)) ended at 94.227 as the 1 […]
3 Top-Ranked Stocks Breaking 52-Week Highs

3 Top-Ranked Stocks Breaking 52-Week Highs

Image Source: UnsplashStocks making new highs tend to make even higher highs, especially when analysts’ positive earnings estimate revisions begin rolling in.And by targeting stocks breaking out or near new highs, investors find themselves in favorable trends where buyers are in control.With the market’s rebound in 2023, many stocks are now near or breaking 52-week highs, […]
Current Analysis: TIM SA

Current Analysis: TIM SA

Image source: PixabayTIM SA (TIMB) which is 67%-owned by Telecom Italia, is the third largest wireless carrier in Brazil, with 61 million subscribers, equal to about 24% of the market.The firm also owns 49% of I-Systems, an infrastructure partnership that is expanding its network footprint across Brazil. I-Systems can provide broadband service to about 9 million […]
Rates Spark: A 30yr Headache

Rates Spark: A 30yr Headache

Image Source: PixabayThe tail on the US 30-year auction was big. Effectively a 5bp concession to secondary was required to get the paper away. Hence the ratchet is higher in yields. The front end too is feeling renewed pressure from the Fed. No easy ride here for players tempted to trade this from the long side […]
USD/JPY Extends Its Upside Above 151.30 Ahead Of US UoM Data

USD/JPY Extends Its Upside Above 151.30 Ahead Of US UoM Data

Image Source: Unsplash USD/JPY trades in positive territory for the fifth consecutive day on Friday. Federal Reserve (Fed) Chair Powell said they are not confident that they have achieved a sufficiently restrictive policy. Bank of Japan (BoJ) Governor Ueda said they will exit the ultra-loose monetary policy with caution to avoid major volatility. Market players await […]
Tesla Shares Fall 5% On HSBC $146 Target, Continued Cybertruck Skepticism

Tesla Shares Fall 5% On HSBC $146 Target, Continued Cybertruck Skepticism

Image Source: PexelsTesla (TSLA) shares sold off by more than 5% on Thursday after HSBC came out and added yet another bearish sell-side voice to the discussion about Elon Musk’s EV automobile empire. HSBC’s Michael Tyndall began coverage of Tesla shares on Thursday, advising a sell and setting a target of $146, suggesting a potential 33% decline […]