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Bear Of The Day: O-I Glass, Inc.

Bear Of The Day: O-I Glass, Inc.

O-I Glass, Inc. (OI) is a leading producer of glass bottles and jars. The stock has tumbled since last summer alongside its fading earnings estimates.O-I’s earnings outlook took another turn for the worse following its Q1 2024 release at the end of April. O-I Glass 101O-I Glass is a leading producer of glass bottles and jars. The […]
Analytical Overview Of The Main Currency Pairs – Thursday, May 30

Analytical Overview Of The Main Currency Pairs – Thursday, May 30

The EUR/USD currency pairTechnical indicators of the currency pair: Prev Open: 1.0857 Prev Close: 1.0801 % chg. over the last day: -0.51 % The German inflation rate in May slightly exceeded expectations and rose to 2.8% y/y. While the upside inflation surprise was not significant enough to jeopardize the ECB’s expected rate cut next week, lingering concerns that disinflation […]
MANAUSD May Have Formed A Bullish Setup

MANAUSD May Have Formed A Bullish Setup

Decentraland with ticker MANAUSD may have formed a nice textbook bullish setup formation. We see a five-wave rally into wave A/1 from the lows, followed by an a-b-c correction in wave B/2 right into the former wave “iv” and 61,8% Fibo. support area. So, it can lift the price higher within wave C or 3 […]
GBPUSD Forex Elliott Wave Technical Analysis – Thursday, May 30

GBPUSD Forex Elliott Wave Technical Analysis – Thursday, May 30

GBPUSD Elliott Wave Analysis Trading Lounge Day ChartBritish Pound/U.S.Dollar(GBPUSD) Day ChartGBPUSD Elliott Wave Technical AnalysisFUNCTION: TrendMODE: impulsive                                                STRUCTURE: orange wave 4POSITION: navy blue wave 1DIRECTION NEXT HIGHER  DEGREES: orange wave 5DETAILS: orange wave 3 looking completed.Now […]
USD/JPY Commentary – Thursday, May 30

USD/JPY Commentary – Thursday, May 30

USDJPY Pushing HigherFollowing the intervention-driven move lower in USDJPY over the start of the month, the pair has steadily recovered off the 151.81 lows and is now almost back up at the 158.28 level. Given that Japanese authorities intervened as price tested 160 last month, there is a very real risk of further intervention measures […]
Analysts Are Bullish On The 3M Stock Price: Should You?

Analysts Are Bullish On The 3M Stock Price: Should You?

3M (MMM) stock price has lagged behind the market as the company has moved from one crisis to the other. It has crashed by about 35% from its highest point in 2021, making it one of the worst-performing companies in the Dow Jones Industrial Average.  A good turnaround story3M’s shares have plunged in the past few […]
Thoughts For Thursday: Nowhere To Go

Thoughts For Thursday: Nowhere To Go

Fundamentals have not changed but seems the market couldn’t go higher yesterday, so it fell. That for some investors is also, called profit-taking. depositphotosYesterday the S&P 500 closed at 5,267, down 39 points, the Dow closed at 38,442, down 411 points and the Nasdaq Composite closed at 16,921, down 99 points. Chart: The New York Times Most actives were […]
EUR/GBP Forecast: Continues To See Support

EUR/GBP Forecast: Continues To See Support

The Euro has bounced slightly against the British pound during the trading session on Wednesday, as we continue to pay close attention to the 0.85 level. This is a market that I think will continue to be very noisy, and it’s probably worth noting that the 0.85 level has been crucial multiple times in the […]
EUR/USD Forex Signal: Forecast As The US Dollar Index Spikes

EUR/USD Forex Signal: Forecast As The US Dollar Index Spikes

Bearish view Sell the EUR/USD pair and set a take-profit at 1.0765. Add a stop-loss at 1.0850. Timeline: 1-2 days.  Bullish view Set a buy-stop at 1.0810 and a take-profit at 1.0890. Add a stop-loss at 1.0780. The EUR/USD pair continued its recent pullback even after some worrying European inflation numbers. It tumbled to the important support […]
EUR/USD Dips Below 1.0800 As Fed Rate-Cut Prospects For September Wane

EUR/USD Dips Below 1.0800 As Fed Rate-Cut Prospects For September Wane

EUR/USD extends its downside below the crucial support of 1.0800 in Thursday’s European session. The major currency pair faces severe pressure as the US Dollar (USD) strengthens amid cautious market sentiment. The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, jumps to a two-week high slightly above 105.00.Investors rush to the US Dollar […]