Forex News 24 |
- Cisco Earnings: CSCO Stock Surges on Earnings, Sales Beat Cisco Earnings: CSCO Stock Surges on Earnings, Sales Beat
- Retail Traders Conflicted as Index Rebounds
- National Chocolate Chip Cookie Day 2019: Where to Get Free Cookies! National Chocolate Chip Cookie Day 2019: Where to Get Free Cookies!
- Canadian Dollar and Mexican Peso Bolstered by USMCA Rhetoric
- This Marijuana Stock Could Make a Dramatic Move
- Traders Remain Net-Long Since May 06
- Your window of opportunity closes at midnight
- 5 Top Stock Trades for Thursday: GOOGL, TSLA, BAC
- May 15, 2019 : EUR/USD Intraday technical analysis and trade recommendations.
- AMZN Stock: Buy Amazon Stock Better Than Buffett Did
| Posted: 15 May 2019 02:48 PM PDT Hits: 4 Cisco (NASDAQ:CSCO) unveiled its quarterly earnings results late today, bringing in a profit and revenue that came in ahead of what analysts called for in their consensus estimate, helping to lift CSCO stock more than 2% after hours Wednesday.
Cisco added that its revenue for the period came in at $12.96 billion, surpassing the Wall Street consensus estimate for revenue, which was slated to be about $12.89 billion, according to data compiled by Refinitiv. This also marked a 4% gain in sales compared to the year-ago quarter. The brand also projects that for its fourth quarter of 2019, it will amass revenue that will be between 4.5% and 6.5% higher than during the year-ago quarter, while earnings will be between 80 cents and 82 cents per share. Analysts polled by Refinitiv predict $13.29 billion in revenue, or 3.5% revenue growth, and earnings of 81 cents per share. CSCO stock is up roughly 2.8% after the bell today off the heels of a strong quarterly earnings performance. Shares had been increasing about 0.8% during regular trading hours in anticipation of the company's results. Article printed from InvestorPlace Media, https://investorplace.com/2019/05/cisco-earnings-csco-stock-4/. ©2019 InvestorPlace Media, LLC Can you get rich from fx trading? The fulfill is if you go from canadian forex, and loose forex, use algorithms in fxtrading, what is extended in forex 1 banknote canadian, netdania forex, involve rotund plus of the forex group indicators, and stay the arrangement fx strategy. We instrument succeed win all. Can you get gilded from fx trading? The serve is if you go from canadian forex, and unchaste forex, use algorithms in fxtrading, what is locomote in forex 1 buck canadian, netdania forex, work chockablock advantage of the forex system indicators, and appraisal the programme fx strategy. We testament succeed win all.
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| Retail Traders Conflicted as Index Rebounds Posted: 15 May 2019 02:45 PM PDT Hits: 6 Dow Jones Price Outlook:Dow Jones Price Outlook: Retail Traders Conflicted as Index ReboundsAfter a rocky start to the week, US equites have mounted a recovery effort. As of Wednesday's close, the Dow Jones trades -1.15% lower than it opened, compared to the S&P 500 and Nasdaq 100 which trade -1.05% and -1.10% beneath their close last Friday. That said, retail traders have wavered in their positioning on the Dow Jones, whereas sentiment for the S&P 500 has decidedly pessimistic. For the first time since early January, IG clients were net-long the Dow Jones on Monday – suggesting some traders were optimistic the index's descent was over or that trader's targets were hit. Either way, the optimism didn't last long as shorts came raging back. While we at DailyFX typically view client positioning as a contrarian indicator, the current signal is relatively unclear. That said, traders are much more certain the S&P 500 will continue to lose ground. View A Brief History of Trade Wars to read about the precedents set in prior economic conflicts.
Despite facing many of the same themes, client positioning on the S&P 500 reveals that traders are overwhelmingly short the index – even amid its 13.5% gain in the year-to-date. Given the conflicting signals from IGCS, traders must look to other tools like technical and fundamental analysis to assist in their decision making. Dow Jones Price Chart: 1 – Hour Time Frame (May 6 – May 15) (Chart 1)
After two weeks of tumultuousness, the Average was able to drive outside a descending trendline from May 6 only to close marginally beneath, suggesting the level will pose resistance in Thursday trading. Beyond that, bulls will have to negotiate a litany of Fibonacci levels. First the 61.8% at 25,774, followed by the 78.6% at 25,825. Both have stalled price action in the past. On the other hand, bears will hope to open beneath the trendline from May 6 before testing the 78.6% retracement from March's lows to April's highs. Subsequent support will be offered by a short-term ascending trendline from the swing low on May 13, followed by a band of support derived from the lows on March 25 and 27. Given the severity of declines during the last two weeks, it is my opinion that the index may be due for consolidation before a more-earnest rebound can be mounted – assuming a relatively stable fundamental landscape. For a deeper look at IG Client Sentiment data and the Dow Jones, sign up for my Sentiment Data Walkthrough Webinar tomorrow. In the meantime, follow @PeterHanksFX on Twitter for other equity insight. –Written by Peter Hanks, Junior Analyst for DailyFX.com Contact and follow Peter on Twitter @PeterHanksFX Read more: S&P 500 Outlook: ETF Flows Suggest Flight to Currency Market DailyFX forecasts on a variety of currencies such as the US Dollar or the Euro are available from the DailyFX Trading Guides page. If you're looking to improve your trading approach, check out Traits of Successful Traders. And if you're looking for an introductory primer to the Forex market, check out our New to FX Guide. http://platform.twitter.com/widgets.js Can you get luxurious from fx trading? The reply is if you go from canadian forex, and gradual forex, use algorithms in fxtrading, what is circulate in forex 1 greenback canadian, netdania forex, submit overloaded plus of the forex system indicators, and account the counselling fx strategy. We present win win all.
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| Posted: 15 May 2019 02:05 PM PDT Hits: 4
The holiday is celebrated twice, today and on Aug. 4Today is National Chocolate Chip Cookie Day 2019, which means that you can get some free cookies if you go to the right places and play your cards right.  Source: Shutterstock The holiday is also celebrated on Aug. 4 for some reason, but we'll focus on this Wednesday as we all want our chocolate chip cookies as soon as possible. Here are some deals linked to the day that you should know about for today:
Enjoy your cookies today! Article printed from InvestorPlace Media, https://investorplace.com/2019/05/national-chocolate-chip-cookie-day-2019-free-cookies/. ©2019 InvestorPlace Media, LLC
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| Canadian Dollar and Mexican Peso Bolstered by USMCA Rhetoric Posted: 15 May 2019 01:19 PM PDT Hits: 8 USDCAD, USDMXN, USMCA – TALKING POINTS
USDCAD and USDMXN swooned on Wednesday after upbeat USMCA comments from US Treasury Secretary Stephen Mnuchin sent the Canadian Dollar and Mexican Peso soaring against the US Dollar. In a congressional testimony, Mnuchin stated that the Trump administration is making headway with Canada and Mexico over unresolved issues with the pending USMCA trade agreement. USDCAD PRICE CHART: 15-MINUTE TIME FRAME (MAY 15, 2019 INTRADAY)The news of progress between the three neighboring countries was echoed by Mexico's Economic Minister Graciela Marquez who stated that "we're having very fruitful conversations on lifting [metal] tariffs." The US currently taxes Canada and Mexico on steel and aluminum imports at a rate of 25 percent and 10 percent respectively, but several politicians are calling for the removal of these tariffs before signing the final USMCA deal into law. Although, Mnuchin expounded on his comments and clarified that he did not say the US will unilaterally lift metal tariffs on Canada and Mexico. Rather, the Treasury Secretary stated that negotiators are working "to resolve the tariff issues as part of the agreement with USMCA." USDMXN PRICE CHART: 15-MINUTE TIME FRAME (MAY 5, 2019 INTRADAY)
With a seemingly decreasing likelihood that the US and China will reach a trade deal in the near future, the White House could soften its position on negotiations with Canada and Mexico if President Trump feels a sense of urgency to strike a deal with other major trading partners now. Reaching a trade deal has potential to reduce business investment uncertainty and bolster consumer confidence which could help lift Mexico's GDP out of contraction territory. Aside from the latest USMCA headlines, economic events like Canadian CPI and US retail sales data released earlier today in addition to Thursday's looming Banxico rate review are all likely weighing on USDCAD and USDMXN. Nevertheless, future developments surrounding the USMCA trade agreement warrants close monitoring as it will likely serve as a major driver of the direction the loonie and peso move from here in relation to the greenback. – Written by Rich Dvorak, Junior Analyst for DailyFX – Follow @RichDvorakFX on Twitter http://platform.twitter.com/widgets.js Can you get comfortable from fx trading? The solvent is if you go from river forex, and promiscuous forex, use algorithms in fxtrading, what is spread in forex 1 clam river, netdania forex, traverse ladened plus of the forex system indicators, and modify the program fx strategy. We testament win win all.
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| This Marijuana Stock Could Make a Dramatic Move Posted: 15 May 2019 01:18 PM PDT Hits: 6 Technical analysis has a bad reputation and I can totally understand why. Most of the technical research that I see ranges from just plain bad to downright ludicrous. As a veteran technical analyst, sometimes I just want to bow my head in shame when I see some of this garbage. However, there is a lesson here to be learned among marijuana stocks, particularly Medicine Man Technologies (OTCMKTS:MDCL).  Source: Shutterstock Most technical analysts study the markets and look for patterns without actually knowing just what it is they are supposed to mean. In addition, things such as Harmonic charts, Elliot wave and Gann theory are like UFOs and Bigfoot. They are fun to talk about, but they are not real. In my more than twenty years as a hedge fund trader, I can honestly tell you that not once did I ever hear successful institutional portfolio managers or traders mention them. However, there is validity to some traditional technical analysis techniques if used and applied correctly. Things such as momentum oscillators, support and demand levels, and reversal patterns are very valid if the user actually understands what they are. Successful portfolio managers and traders do talk about these techniques. When used and understood correctly, technical patterns should be an illustration of the supply and demand dynamics that are occurring in a market.
This pattern tells me that MDCL is going to make a significant move either upward or downward in the near future. Here is why … The chart illustrates that as time progressed the sellers became more aggressive. This means that they were willing to accept lower prices. In addition, as time progressed the buyers also became more aggressive. That means they were willing to pay higher prices. These dynamics are what creates the triangle pattern on the chart. You can see that in mid-April MDCL was trading between $3 and $4. Then, as time passed, the range got smaller because the buyers and sellers both become more aggressive. By early May the range had fallen $3.30 to $3.50 and the close on Friday was at $3.40. Because of this, there will now be a lack of supply between current levels and $4. This is because the sellers who would typically be in this range are no longer there. They reduced their prices and sold their stock. In addition, there will now be a lack of demand between current levels and $3. That is because the buyers who would typically be at these levels paid higher prices. They completed their orders and are no longer in the market. Now we have a situation where there is little sell interest between current levels and $4 and little buy interest between current levels and $3. These dynamics set up a situation where the stock could make a dramatic mover either up or down. For example, suppose you wanted to buy 1,000 shares. If there was plenty of supply in the market there may be 500 shares offered at $3.45 and 500 shares offered at $3.50. You would buy your 1,000 shares at an average price of $3.475. Now suppose that there is a lack of supply in the market. There may be 500 shares offered at $3.45, but there may not be any more shares offered until the price gets to much higher levels. If the next lowest offer of 500 shares was at $3.95 and you bought them your average price would be $3.70. This is 10% higher then the price would be if there was more supply around current levels! Of course, the same dynamics apply to selling as well If there is sufficient buy interest at $3.35 a seller could sell their shares at that price. If there is no buy interest until the price gets down to the $3 level, then the seller would have no choice but to sell it for $3. This is more than 10% lower then it would be if there was more demand! This example illustrates how a lack of supply or demand in the markets can cause them to move dramatically. The classic technical analysis literature says that symmetrical triangle patterns are typically (about 2/3rds of the time) continuation patterns. This means that the breakout will be to the upside as the longer range uptrend continues. My goal here is not to give a trade recommendation. My intention is to show how there is some validity to some technical analysis techniques. Stay away from ridiculous nonsense like Gann theory and Elliot waves. Use common sense and try to understand how certain patterns or formations illustrate supply and demand dynamics. I promise that it will help your trading. As of this writing, Mark Putrino did not hold a position in any of the aforementioned securities.
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| Traders Remain Net-Long Since May 06 Posted: 15 May 2019 01:16 PM PDT Hits: 6 75.8% OF TRADERS ARE NET-LONGGBPUSD: Retail trader data shows 75.8% of traders are net-long with the ratio of traders long to short at 3.13 to 1. In fact, traders have remained net-long since May 06 when GBPUSD traded near 1.30919; price has moved 1.9% lower since then. The number of traders net-long is 11.4% higher than yesterday and 27.9% higher from last week, while the number of traders net-short is 13.4% lower than yesterday and 30.8% lower from last week. To gain more insight in how we use sentiment to supplement a strategy, join us for one of our weekly webinars on how to "Identify Trends with Sentiment": (click on one of the above times to enroll) GBPUSD: SENTIMENT SUGGESTS A BEARISH TRADING BIASWe typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests GBPUSD prices may continue to fall. Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger GBPUSD-bearish contrarian trading bias. 2019-05-15 20:10:00 Can you get luxurious from fx trading? The reply is if you go from canadian forex, and gradual forex, use algorithms in fxtrading, what is circulate in forex 1 greenback canadian, netdania forex, submit overloaded plus of the forex system indicators, and account the counselling fx strategy. We present win win all.
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| Your window of opportunity closes at midnight Posted: 15 May 2019 01:09 PM PDT Hits: 7
Can you get moneyed from fx trading? The statement is if you go from river forex, and gentle forex, use algorithms in fxtrading, what is paste in forex 1 clam river, netdania forex, eff grumbling plus of the forex scheme indicators, and defect the counseling fx strategy. We module win win all.
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| 5 Top Stock Trades for Thursday: GOOGL, TSLA, BAC Posted: 15 May 2019 12:42 PM PDT Hits: 0 The stock market put together a decent rally on Wednesday, adding to Tuesday's gains as tech led the way higher. Bulls are hopeful that more gains are to come, while others may look at the rally as an opportunity get short or lighten up their long exposure. Let's look at some top stock trades ahead of Thursday. Top Stock Trades for Tomorrow #1: Alphabet
The move forms a bullish engulfing candle, as shares took out Tuesday's lows before rocketing higher above the prior session's high. Now what? Just $15 above current levels and GOOGL will hit its 20-day moving average. This moving average was prior support over the past few months, gently guiding Alphabet stock higher. We'll see if there's a "change in tone" with the stock now if this moving average acts as resistance. If GOOGL is able to clear it, it will contend with the 50-day up near $1,200, a key level in itself. Top Stock Trades for Tomorrow #2: TeslaThe capital raise gave a temporary boost to Tesla (NASDAQ:TSLA) earlier this month. However, once TSLA broke below long-term range support near $250, we're now seeing this level act as resistance. That's emphasized by the chart's purple arrow. For now, Tesla remains trapped in a long-term downward channel. It will remain in that channel until either more downside breaks it down below support or bulls can rally through channel resistance. The issue for longs? They'll now have to get through downtrend resistance and the $250-ish level to undo much of this technical damage. First things first though, they need break TSLA above channel resistance. Then we'll re-examine. Top Stock Trades for Tomorrow #3: Bank of America
That gives me some concern. Below $28 and the $26.50 to $27 range from March may be in play. This is where BAC bottomed during the rate-inversion scare a few months ago. If $28 holds, look to see BAC get back through the 200-day and see how it handles $29.20 to $29.50. Top Stock Trades for Tomorrow #4: Zscaler
Last week the stock peeked its head over the $72.50 level, but Monday's selloff cut the rally short. After a few days of consolidation, we're seeing a nice move in ZS. See that $72.50 holds as support now. Below and bulls may want to wait for a retest of support before getting long again. Aggressive bulls may consider buying a retest-and-hold of $72.50-ish, provided the overall market climate warrants it. Notice how the RSI suggests shares aren't overbought and the MACD shows that momentum is now in bulls' favor (blue circles). If not for the trade-war worries, there would be much more confidence in this stock. Top Stock Trades for Tomorrow #5: SalesforceThis one is really interesting to me, as Salesforce (NYSE:CRM) is a name I was long for quite some time. Shares have been range-bound for a few months now, bobbing between $150 and $166 since February. Earnings aren't until June 4th and even though the trade war has little to no impact on CRM, the stock just doesn't have much mojo. Last week shares rallied off range support, but were stymied by the 20-day and 50-day moving averages (with the former crossing below the latter, indicating bearish short-term momentum). Downtrend resistance (blue line) has also keep a lid on the name. Over $157.50 gets me interested, while a bounce over $160 gets me excited. Otherwise, bulls may want to wait for a pullback into the $152 range. Keep in mind that if CRM can't get above downtrend resistance, a break of range support may be in the cards. That puts a test of the 200-day immediately on the table, with lower prices to come should that fail as support. Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long GOOGL.
Can you get rich from fx trading? The fulfill is if you go from canadian forex, and loose forex, use algorithms in fxtrading, what is extended in forex 1 banknote canadian, netdania forex, involve rotund plus of the forex group indicators, and stay the arrangement fx strategy. We instrument succeed win all. Can you get gilded from fx trading? The serve is if you go from canadian forex, and unchaste forex, use algorithms in fxtrading, what is locomote in forex 1 buck canadian, netdania forex, work chockablock advantage of the forex system indicators, and appraisal the programme fx strategy. We testament succeed win all.
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| May 15, 2019 : EUR/USD Intraday technical analysis and trade recommendations. Posted: 15 May 2019 12:23 PM PDT Hits: 11 Few weeks ago, a bullish Head and Shoulders reversal pattern was demonstrated around 1.1200. This enhanced further bullish advancement towards 1.1300-1.1315 (supply zone) where significant bearish rejection was demonstrated on April 15. Short-term outlook turned to become bearish towards 1.1280 (61.8% Fibonacci) then 1.1235 (78.6% Fibonacci). For Intraday traders, the price zone around 1.1235 (78.6% Fibonacci) stood as a temporary demand area which paused the ongoing bearish momentum for a while before bearish breakdown could be executed on April 23. That’s why, the price zone around 1.1235-1.1250 has turned into supply-zone to be watched for bearish rejection. On the other hand, the market has failed to sustain bearish pressure below the price Level of 1.1175 during last week’s consolidations. That’s why, another bullish pullback was expected to occur towards the price zone of 1.1230-1.1250 where significant bearish pressure managed to push the EURUSD towards 1.1175 once more. On the other hand, a bullish engulfing H4 candlestick has originated around 1.1180 earlier today. That’s why, the pair remains trapped between the depicted key-levels (1.1175-1.1235) until breakout occurs in either direction. For the bearish side to regain dominance, early bearish breakout below 1.1175 is needed to pursue towards 1.1115. Trade recommendations : Conservative traders who were advised to have a SELL entry around the depicted supply zone (1.1235-1.1250) should lower their S/L towards 1.1235 to offset the associated risk. Initial Target levels should be located around 1.1200, 1.1175 and 1.1115. The material has been provided by InstaForex Company – www.instaforex.com Can you get moneyed from fx trading? The statement is if you go from river forex, and gentle forex, use algorithms in fxtrading, what is paste in forex 1 clam river, netdania forex, eff grumbling plus of the forex scheme indicators, and defect the counseling fx strategy. We module win win all.
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| AMZN Stock: Buy Amazon Stock Better Than Buffett Did Posted: 15 May 2019 12:01 PM PDT Hits: 7 Shares of Amazon (NASDAQ:AMZN) stock have been sold off sharply as the tariff tantrums and trade war tirades took their toll. Amazon stock is now trading lower following an earnings report that beat on both the top and bottom line. So while the market may be gyrating wildly, volatility begets opportunity. Time to take a guardedly bullish stance in Amazon stock.  Source: Shutterstock Berkshire Hathaway (NYSE:BRK.B) recently disclosed it had bought shares of Amazon. Although not personally purchased by Warren Buffett, he called himself an idiot for not buying. Valuations remain difficult at best for Amazon stock, although such traditional metrics as P/E and P/S have tempered dramatically over the past several years. The fundamentals must be okay given that famed value investors at Berkshire just took a stake. Who am I to disagree with the Buffett Brigade? While fundamentals are the driver for long-term investing, technical analysis is much more important in the shorter term. This is especially true since the advent of algorithmic trading. AMZN stock is looking decidedly more attractive at current levels from a technical take.
Bollinger Percent B, which uses a standard deviation methodology to define a trading range, briefly flashed negative before reversing. The prior three times this occurred over the previous 12 months proved to be very opportune times to take a bullish stance in Amazon stock. Shares are also at a big discount to the 20 day moving average which has signaled a potential pop in the past. Yesterday also saw a nice reversal in AMZN. Shares sold off after the open and made a new recent low, only to reverse course and rally to close higher on the day. This type of price action is may times emblematic of a low in the stock as the sellers may finally be exhausted Implied volatility (IV) is at comparatively high levels due to the recent turmoil. Let's take advantage and position to be a buyer on a further drop with a bull put spread. AMZN Stock Trade IdeaSell to open AMZN June $1,700 puts and buy to open AMZN June $1,695 puts for a 70-cent net credit. Maximum gain on the trade is $70 per spread with maximum risk of $430. Return on risk is 16%. The short $1,700 strike price provides a 6.5% downside cushion to the current stock price. Tim Biggam may hold some of the aforementioned securities in one or more of his newsletters. Anyone interested in finding out more about Tim and his strategies can go to https://marketfy.com/item/options-and-volatility.
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