Category Archive: Finance, No picture
USD/CAD Daily Analysis – Monday, Nov. 12
USD/CAD stays in a bullish price channel on the 4-hour chart, suggesting that the pair remains in the uptrend from 1.2782. As long as the price is in the channel, the uptrend could be expected to continue and next target would be at 1.3300 area. Key support is at 1.3048, only a breakdown below this […]
SAP Acquires Survey Company Qualtrics For $8B In Cash
SAP (SAP) and Qualtrics International announced they have entered into a definitive agreement under which SAP intends to acquire Qualtrics, provider of experience management software. Qualtrics’ XM Platform collects feedback and data across the four vital areas of a business – customers, employees, product, and brand. Under the terms of the agreement, SAP will acquire […]
AUD/USD Weekly Analysis – Monday, Nov. 12
AUD/USD pulled back to 0.7215 area. Deeper decline is still possible and next target would be at bullish trend line on the 4-hour chart. However, as long as the trend line support holds, the pullback could be treated as consolidation for the uptrend from 0.7020 and another rise towards 0.7340 is still possible after the […]
US Dollar Demise This December?
I’m not the only one warning you that the dollar will collapse and lead to global economic turmoil. In this scenario, investors would rush to precious metals and other currencies to escape further losses. Global trade would seize up because the majority of international contracts demand a dollar payment. Other assets would skyrocket. The worst-hit […]
Why The End Of The Longest Oil Bull Market Since 2008?
In the past two years, crude oil has steadily advanced, supported by global recovery. But in just 10 days, oil has posted the longest losing streak since mid-1984 – thanks to overcapacity and the Trump trade wars. Half a year ago, crude oil prices were expected to climb from $53 per barrel in 2017 to […]
E Markets: Singles
Today is singles day in China. The heralded event for internet sales has not lost its glitter even with the moving on of Alibaba’s Ma. As of midday, Alibaba had chalked up 149 billion yuan — $21.5 billion — in sales – with $1bn in the first minute, $10bn in the first hour, so with […]
Alibaba Generated $10b Of GMV In First Hour Of Global Shopping Festival
Early highlights of Alibaba’s 2018 Nov. 11 Global Shopping Festival include: $10B of total GMV settled through Alipay in 1 hour and 48 seconds; $1B of total GMV settled through Alipay in the first 1 minute and 25 seconds; and participation from more than 180,000 brands. The Nov. 11 shopping festival began in 2009 with […]
FX Week Ahead: Q3’18 Japanese GDP, October UK & US CPI, Aussie Jobs
Talking Points: The middle of the month promises continued attention on politics, but mainly outside of the US, the Brexit negotiations and the Italian debt saga. Q4’18 US growth expectations are starting to take shape, and the October US CPI and retail sales reports this week will offer insight. Retail traders remain mostly net-short the US […]
Forex Forecast And Cryptocurrencies Forecast For November 12-16
First, a review of last week’s events: EUR/USD Recall that, when giving the last week’s forecast, 60% of experts had expected the euro to grow to the zone 1.1480-1.1525, and turned out to be 100% right: by Wednesday November 7, the pair had risen to the height of 1.1500. The remaining 40% of analysts had suggested […]
AUDUSD Weekly Analysis – Sunday, Nov. 11
AUDUSD broke above the bearish trend line on the daily chart, suggesting that the downside movement from 0.8135 had completed at 0.7020 already. A further rally would likely be seen after a minor consolidation and next target would be at 0.7400 area. Near term support is at 0.7180 and only a breakdown below this level […]
