Forex News 24

Forex News 24


What are the best currency pairs for forex day trading?

Posted: 24 Jul 2019 03:25 PM PDT

Hits: 8




What are the best currency pairs for forex day trading? Ali, trader and educator comments. PLEASE LIKE AND SHARE so we can bring you more! I get asked this a lot – what is the best strategy, what is the best market. I favour major currency pairs. As a general rule if you are going to day trade trading the main currency pairs is better – if you are a swing trader you have more flexibility. Are certain times of the day more important for traders? You prefer to trade mornings – do you recommend that to other people? There is this notion that forex is 24 hours a day 7 days a week but if you look at the Pound/USD often its quiet during the night so the opportunities are less at that time. So you might want to focus on AUD/USD if you want to trade during the night…What’s the difference between trading volatile and stable currencies?

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Spirit Airlines Earnings: SAVE Stock Down, Operating Expenses Rise 14% Spirit Airlines Earnings: SAVE Stock Down, Operating Expenses Rise 14%

Posted: 24 Jul 2019 03:21 PM PDT

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Spirit Airlines (NYSE:SAVE) posted its latest quarterly earnings results late today, amassing a loss that was larger than the same metric from a year ago, while revenue gained, yet SAVE stock is down more than 13% year-over-year.

Spirit Airlines Earnings

Source: Shutterstock

The Miramar, Fla.-based airline said that for its second quarter of 2019, it amassed a loss of $114.5 million, more than 10 times the loss from the year-ago quarter of $11.3 million. This amounted to a loss of $1.67 per share versus its loss of 16 cents per share from the year-ago quarter.

On an adjusted basis, Spirit Airlines posted a net loss of $115.7 million, or $1.69 per share. During the year-ago quarter, this loss was $75.7 million, or $1.11 per share. Total operating revenue for the period was $1.013 billion, gaining 18.9% year-over-year, thanks in part to an 18.4% surge in flight volume.

"Our team once again delivered strong quarterly profits," Spirit Airlines CEO Ted Christie said. "In the second quarter 2019, we improved our operating margin by 300 basis points and delivered very strong earnings growth."

Non-ticket revenue per passenger flight is a metric that increased 1.8% to $55.54. Fare revenue per passenger flight segment fell 1% to $57.60, while total revenue per passenger segment is up 0.3% year-over-year to $113.14.

For the period, total GAAP operating expenses is up 14.2%, reaching $849 million.

SAVE stock is sinking about 13.7% after hours on Wednesday following the company's quarterly earnings results. Shares had been gaining roughly 2.5% during regular trading hours.

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Break Me Free System – Most powerful and effective way to get over your breakup

Posted: 24 Jul 2019 03:07 PM PDT

Hits: 9

Product Name: Break Me Free System – Most powerful and effective way to get over your breakup

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When a relationship ends before we are prepared for it to occur, it leaves us feeling devastated and hopeless. Disappointment, rejection and anger are only a few of the feelings you are bound to experience. If you are still very much in love, it hurts even more. Although it may feel like your heart is breaking into a thousand pieces now, there are ways you can push through it so that you feel healed sooner rather than later.
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Self-help books tell you to act confident but they do not work because deep down you may still feel insecure. Your true self will eventually show. To truly feel worthy on every level, you need to change from within.

With as little as 20 minutes a day, these subliminal audio messages will help your subconscious mind re-write your personal beliefs and patterns of thinking. Many Break Me Free users have reported feeling the difference the first day!

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Ford Earnings: F Stock Falls on Q2 EPS Miss, Sales Dip Slightly Ford Earnings: F Stock Falls on Q2 EPS Miss, Sales Dip Slightly

Posted: 24 Jul 2019 02:59 PM PDT

Hits: 8


Ford (NYSE:F) had a quarter that was less memorable than the company may have hoped as its earnings missed Wall Street's guidance, while sales surpassed them, yet the amount fell year-over-year–F stock is down more than 5% after hours Wednesday.

Ford EarningsThe carmaker — based out of Detroit, Mich. — announced that for its second quarter of its fiscal 2019, it brought in net income of $148 million, or 4 cents per share. This marks an 86.2% decline when compared to the company's year-ago profit of $1.07 billion, or 27 cents per share.

When adjusting for global restructuring and other items, Ford brought in a profit of 28 cents per share, which is weaker than the Wall Street consensus estimate of 31 cents per share, according to data compiled by FactSet. The business added its revenue came in at $38.85 billion, slightly below the $38.92 billion from the year-ago period, while also missing the $38.49 billion that FactSet called for in its guidance.

"Midway through this key year of action, we are pleased with the progress we are making toward creating a more dynamic and profitable business," Ford CEO Jim Hackett said in a statement. "In this time of profound change in our industry, Ford has amazing opportunities to delight customers, innovate and collaborate in new ways, and create value."

For its third quarter, analysts predict an adjusted profit of 34 cents per share on sales of $37.51 billion. For its fiscal 2019, Ford predicts adjusted earnings of $1.20 to $1.35 per share, below the Wall Street guidance of $1.40 per share.

F stock is down about 6.3% after hours following the company's results. Shares had been gaining 1.6% during regular trading hours.

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Worst Market Ever For FX Traders? (Podcast Episode 56)

Posted: 24 Jul 2019 02:54 PM PDT

Hits: 11




This is officially the most dead period in terms of volume we as Forex traders have ever had to go through.  It will pass, and when it does, we’ll be able to look back on it and say _ _ _ _.
 
$EVZ Tool –
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How To Navigate A Dead Market –

 
“GOOD” by Jocko Willink

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Subscribe on iTunes –
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Will Record Second-Quarter Results Save Struggling Plug Power Stock?

Posted: 24 Jul 2019 02:37 PM PDT

Hits: 8


Once upon a time, shares of hydrogen fuel-cell maker Plug Power (NASDAQ:PLUG) were trading hands for around $1,500. That was back at the peak of the dot-com bubble in 2000. Since then, PLUG stock has quite literally lost 99.9% of its value.

Will Record Second-Quarter Results Save Struggling Plug Power Stock?

Source: Shutterstock

Today, PLUG stock trades hands around $2 and change.

Why the huge multi-decade plunge in PLUG stock? Because the hydrogen fuel-cell market — while promising — has remained elusive forever. To be sure, things are finally starting to progress on the commercial side of the hydrogen market. That's why PLUG stock soared from $1 in late 2018, to nearly $3 earlier this year. It's also why Plug Power is expecting to report record second-quarter numbers at the beginning of August.

But consumer market adoption trends have remained sluggish for several years. Given recent hydrogen fueling station explosions in Northern California and Norway, those consumer market-adoption trends project to only get worse for the foreseeable future.

The big problem with Plug Power stock is that it remains to be seen whether or not commercial hydrogen fuel-cell market traction is enough to sustain the business — given that the company has been, still is, and projects to keep burning cash, against the backdrop of a debt-burdened balance sheet.

Thus, the investment implication here is simple. Until the financial trends meaningfully improve — or until the consumer side of the hydrogen fuel-cell market gains momentum — avoid PLUG stock.

Commercial Success, but Consumer Market Failures

When it comes to Plug Power stock, you have a tale of two cities. On one end, you have a booming commercial market that is rapidly adopting hydrogen fuel-cell cars. On the other end, you have a sluggish consumer market that continues to avoid hydrogen fuel-cell cars in favor of electric vehicles.

In the commercial world, large enterprises that have tons of trucks and large freight expenses are starting to come around to the benefit of hydrogen fuel-cell technology as a more abundant and cleaner alternative to gasoline, and a more reliable alternative than electricity (relative to EVs, hydrogen fuel-cell cars last longer and have shorter refueling times).

Consequently, as these large enterprises are looking to go green and cut down on carbon emissions, some of them are opting for hydrogen over electricity. That's why fuel cell unit delivery volume increased 70% in the second quarter of 2019.

On the flip side, you have the consumer market, which remains sluggish. Consumers continue to shun hydrogen cars in favor of electric vehicles. Why? Three big reasons. One, hydrogen cars are significantly less efficient than their EV- and gas-powered peers. Two, there is very minimal infrastructure for hydrogen cars. Three, safety is a huge issue, as highlighted by recent hydrogen fueling station explosions in Norway and Northern California.

As a result, consumers have continued to avoid hydrogen cars. Following the recent hydrogen fueling station explosions, it is likely that consumers will continue to shun hydrogen cars for the foreseeable future.

All in all, then, Plug Power over the next several months will be very similar to what it has been over the past few months — a commercial success with a sluggish consumer market.

Plug Power Stock Is Dangerous Without Consumer Market Success

The problem with Plug Power stock is that it remains to be seen whether or not the company is financially viable without consumer market success.

That is, Plug Power's commercial business has been progressing with great pace for several quarters now. Yet, over the past three years, the company has reported free cash flow in excess of negative $30 million every year. Sure, one could argue that economies of scale will kick in here. Once Plug Power's commercial business gets really big, the negative free cash flow will inflect into positive territory.

But, it is unclear just how big the commercial business could get. At gross margins of just 1.5% last year, Plug Power is going to need a lot of scale in order to become profitable and turn cash flow positive. At the same time, today's cash burn is especially bad because Plug Power is loaded up with over $285 million in debt on the balance sheet. The cash balance stands at under $110 million.

The one thing that could save the day here is consumer market momentum. It would give investors more visibility to Plug Power achieving sufficient scale in the future. But, until that momentum materializes, PLUG stock is best avoided.

Bottom Line on PLUG Stock

There is a possibility that Plug Power stock is a multi-bagger in the making. But, that possibility requires a lot of "ifs" that likely won't materialize — the most important of which is "if consumers start turning towards hydrogen cars instead of electric vehicles".

Current trends and events — namely, huge hydrogen fueling station explosions in Northern California and Norway — imply that this "if" remains as intangible and unlikely as ever.

As such, for the foreseeable future, it is probably best to avoid PLUG stock.

As of this writing, Luke Lango did not hold a position in any of the aforementioned securities. 

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Time to Target This Weed Stock

Posted: 24 Jul 2019 02:24 PM PDT

Hits: 11


Schaeffer’s Market Recap

The Dow closed lower, though

 ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 

Chip Stock Strength Sends Nasdaq, S&P to Record Closes

By Karee Venema

It was a mixed session on Wall Street today. While the S&P and Nasdaq sailed to new record-high closes as chipmakers surged on Texas Instruments (TXN) earnings, the Dow plunged on negative earnings reactions for several blue chips, including Caterpillar (CAT). Traders also kept a close eye on congressional testimony from former Special Counsel Robert Mueller, and digested a round of economic data, which showed a bounce in new home sales in June, and a nearly 10-year low in the IHS Markit manufacturing purchasing managers index (PMI) in July.

Continue reading for more on today’s market, including:

>> Continue reading…
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Schaeffer's Market Recap

2019-07-24 21:20:32



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What Moves the Forex Market?

Posted: 24 Jul 2019 02:23 PM PDT

Hits: 4




The Forex market is the world's largest financial market, and is also one of its most volatile. Currency exchange's place in global trade is so central that a huge range of factors can potentially impact the price of any one currency pair. Getting to grips with these factors is essential to making informed Forex trades.

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Stock Market Today: Big Tech in Focus, Automotive Drama

Posted: 24 Jul 2019 02:16 PM PDT

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For the strength investors saw in so many individual stocks, that did not reflect in the market's overall headline results. The broader indices posted modest gains in the stock market today, but nothing that made it look too robust.

It was noteworthy that the CBOE VIX Index — which measures volatility — fell so much on the day, down 4.3%. There have been sellers in the S&P 500 at and around 3,000, but they are starting to fade. At least for now, and with the VIX so low, it opens the door for higher prices. The Russell led the way today, exploding higher by 1.71%.

That easily trumped the next best-performing U.S. index, the Nasdaq, which finished higher by 0.85% and almost doubled the S&P 500's return for the day.

Big Tech Drama

Some investors may be surprised at the strength in the Nasdaq, given Tuesday evening's news that the Justice Department is indeed launching a probe into the potential antitrust behavior of some of the market's largest players.

The DOJ is looking into "whether and how market-leading online platforms have achieved market power and are engaging in practices that have reduced competition, stifled innovation, or otherwise harmed consumers."

While the DOJ didn't say who exactly it was investigating, it's looking at companies in "search, social media, and some retail services online." To most market participants, that reads as Alphabet (NASDAQ:GOOGL, NASDAQ:GOOG), Facebook (NASDAQ:FB) and Amazon (NASDAQ:AMZN). Apple (NASDAQ:AAPL) could be included in the last one too. We'll see.

After a few hours into the day, the news didn't bother many of these names. Facebook jumped more than 1% and Amazon crept higher on the day. Apple finished essentially flat, while GOOGL slid 0.72%. Still, it was nowhere near what investors would have expected on such news, even though it comes as little surprise at this point.

But the drama doesn't end there. Facebook will report earnings tonight (more further down), while Amazon and Alphabet will report on Thursday.

Trouble in Automotive

Shares of Nissan Motor (OTCMKTS:NSANY) fell more than 2% after the company said reports that its first-quarter profits would fall 90% were "broadly accurate." It's not the only one hurting, though.

Almost two weeks ago, Daimler (OTCMKTS:DDAIF) warned about a huge loss in the coming quarter, its fourth profit warning in the past 12 months. On Wednesday, the company reported its results, logging a 1.56 billion euro loss before interest and taxes. It's clear that R&D costs combined with a not-so-healthy global economy and increasing tariffs are hurting foreign automakers.

Let's see if Tesla (NASDAQ:TSLA) and Ford (NYSE:F) can change the automotive narrative when they report after the close on Wednesday. GM doesn't report until August 1st. (Here's the trade setup in Ford).

 

M&A in the Stock Market Today

Shares of At Home (NYSE:HOME) jumped more than 15% on Wednesday on takeover talks. We don't know who the acquirer might be, but Whitney Tilson stoked the buyout rumors by saying in his newsletter:

"The company is still in an active sales process, with at least two named suitors. The remaining private equity sponsor is rumored to be interested in rolling over their stake, and with the current price so far below the IPO price, there are many incentives to get a deal done, with room for a substantial premium."

We've finally got some definitive news with the Sprint (NYSE:S) and T-Mobile (NASDAQ:TMUS) deal. Sprint closed higher by 8.1%, while T-Mobile stock climbed 3.1% on reports that Dish Networks (NASDAQ:DISH) has agreed to buy the duo's divested assets.

According to the reports, Dish will pay $5 billion for the wireless assets. $1.5 billion is for Boost Mobile, while $3.5 billion is for spectrum, and Dish can't sell the assets for at least three years. The move should pave the way for the Sprint/T-Mobile deal to go through.

Early Headline Numbers

Facebook popped higher by about 4.5% to $213.50 on a top- and bottom-line beat. However, those gains have slid to "just" 2.75% ahead of the conference call. Ford stock is down 4% after non-GAAP earnings of 28 cents per share missed estimates by 3 cents per share.

PayPal (NASDAQ:PYPL) is down 4.4% after beating on earnings, but missing on revenue expectations. Finally, Xilinx (NASDAQ:XLNX) is down 3% after topping earnings estimates, but reporting in-line revenue results.

Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell was long AAPL, AMZN, GOOGL.

 

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6 Top Stock Trades for Thursday: SNAP, BA, V, F, TWLO

Posted: 24 Jul 2019 01:55 PM PDT

Hits: 8


The markets silently marched higher on Wednesday, with the S&P 500 holding its own above the vital 3,000 mark. As we get into the thick of earnings this week, we've got movers in both directions. Let's take a closer look at some top stock trades.

Top Stock Trades for Tomorrow #1: Boeing

top stock trades for BA
Click to Enlarge

Boeing (NYSE:BA) investors are doing pretty good absorbing the fact that the company logged a multi-billion hit in the most recent quarter, given that shares are down about 3% on Wednesday.

Near $362.50 and investors have a decent risk/reward setup. $360 has been a vital post-737 MAX level, while  the 20-day, 50-day and 200-day moving averages are all nearby. Further, short-term uptrend support is just below.

Should BA stock fall below $357, longs can bail, as $340 or lower may be on the table. If the $357 to $360 area holds as support, BA could climb to $380. Above that and $396 is possible.

Top Stock Trades for Tomorrow #2: Visa

top stock trades for Vtop stock trades for V
Click to Enlarge

Visa (NYSE:V) stock is holding up after earnings and investors shouldn't be too surprised by the steady nature of this stock. A move over $182 could trigger a breakout, pushing Visa to $185 and possibly higher.

So long as it's holding its 20-day and 50-day moving averages though, it's hard to get bearish on this one.

Top Stock Trades for Tomorrow #3: Citigroup

top stock trades for Ctop stock trades for C
Click to Enlarge

Earlier in the month InvestorPlace readers were able to nail the breakout in Bank of America (NYSE:BAC) and on Tuesday, I tweeted a nearly identical setup in Citigroup (NYSE:C).

With Citi breaking through resistance on Wednesday, we now need to see $72 hold as support. If it fails, see that uptrend support and the 20-day buoy the name.

Top Stock Trades for Tomorrow #4: Ford

top stock trades for Ftop stock trades for F
Click to Enlarge

The setups today are relatively simple, which is good for investors. Ford (NYSE:F) also has the same bullish setup as Citigroup and Visa, which are ascending triangles.

For Ford, a close over $10.40 could trigger more upside. On the downside, a close below the 50-day would be discouraging and likely ruin the bullish setup.

**Remember, Ford reports after the close on Wednesday.

Top Stock Trades for Tomorrow #5: Twilio

top stock trades for TWLOtop stock trades for TWLO
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Twilio (NYSE:TWLO) stock has a similar pattern to those above. Seeing so many of the same thing can be concerning, but until they break down, all we can do is follow the price.

This one continues to hold its 20-day and uptrend support, while $150 is resistance. For nimble traders, a move up to $150 is possible from here. A breakout over $150 to $151 is what we're watching for though.

Top Stock Trades for Tomorrow #6: Snap

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Snap (NYSE:SNAP) stock is surging on the day, up more than 17% on earnings. Wowza! This name is flying, and with a close over $17, it's back over its IPO price.

Not only that, but it's over the full-range 50% retracement at $17.13 and over 2019 channel resistance. It sets up a powerful breakout possibility, with the next intermediate term target up near $20. The 38.2% retracement comes into play at $20.04, with the 2018 high up around $21.20.

If Snap stock can't hold the IPO price, see that it holds the 10-week moving average on the downside.

 Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long C and V. 

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