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Follow this list to discover and track stocks that have set golden crosses within the last week. A Golden Cross is when a stock's 50 day moving average crosses above the 200 day moving average. This list is generated daily, ranked based on market cap and limited to the top 30 stocks that meet the criteria.
The pair initially found resistance at the 1.14 level in the Friday’s session but after the weak US job numbers were posted later in that day, the pair started showing signs of strength and broke above the 1.14 level. By doing so, the market is now likely to reach towards the 1.15 level and move eventually higher. With the latest job figures, the Fed is likely to be more dovish which will support this pair going higher. …Read MoreGBP/USD
A shift in sentiment towards FED monetary policy and trade war jitters pin back the Greenback as the markets prepare for the next Brexit saga.
Based on last week’s close at .7187, the direction of the AUD/USD this week is likely to be determined by trader reaction to the 50% level at .7207.
The direction of the AUD/USD and NZD/USD this week will likely be determined by investor demand for risk. And this is likely to be controlled by U.S. China relations. There are no major reports from Australia and New Zealand this week.
The Australian dollar has fallen to the lowest level against the greenback in a month in early trade on Monday. Heightened geopolitical risks and concern about the Chinese economy has contributed to the Aussie's recent weakness, adding to concerns about the US and Australian economies from late last week. Australian home loan data for October will be released today. The performance of Chinese financial markets is likely to be influential on broader sentiment during the Asian session.
According to the WSJ, members of the U.S. Federal Reserve are reportedly debating whether to signal a “wait-and-see” approach after a probable hike to the central bank’s benchmark rate at its December meeting.
The Australian dollar fell during most of the week but found a bit of support at the same area we have seen recently, the 0.72 level. The downtrend line that had been intact for so long has been broken, and it now looks as if it may offer support.
Investing.com - The U.S. dollar was lower on Friday as the latest jobs report lowered the chances that the Federal Reserve will raise rates in 2019.The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, fell 0.08% to 96.68 as of 10:14 AM ET (15:14 GMT).Nonfarm payrolls rose by 155,000 in November, which was lower than expected but still consistent with a strengthening job market. The data puts less pressure on the Fed to raise rates. ...
Verizon (VZ) recently introduced a service called MyNumbers, which allows its wireless customers to work with up to five phone numbers on a single handset, making it easy for people to have separate numbers for personal, business, and other uses without having to carry around multiple phones. Although MyNumbers mostly sees Verizon catching up to the competition because T-Mobile (TMUS) and AT&T (T) have already launched their variants of the service, it could help Verizon boost its customer retention. Under Verizon’s MyNumbers service, each added line is charged at $15 per month, which looks cheaper than buying a separate device for each use even for those customers who upgrade their handsets regularly.
The pair failed to rally higher during the Thursday’s session as the 1.1350 level is attracting a lot of attention and also providing support to the market. The market today will remain choppy because of the job figures ahead and if the numbers come out positive, then it could break the market lower towards the 1.13 level and much lower. …Read MoreGBP/USD
Investing.com - The U.S. dollar was flat on Friday in Asia following reports that the Federal Reserve is considering adopting a wait-and-see approach to rate hikes.
Investing.com - The U.S. dollar was lower on Thursday as the arrest of a Huawei executive spooked investors and disappointing jobs data dampened sentiment.The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, fell 0.46% to 96.56 as of 10:35 AM ET (15:35 GMT).Meng Wanzhou, the chief financial officer at the Chinese smartphone company Huawei was arrested in Canada on an an extradition request by the U.S, which had been investigating whether or not she violated sanctions against Iran. ...
The Australian dollar fell again during trading on Thursday as the arrest of a prominent Chinese businesswoman has caused concerns as to whether or not the United States and China will be able to flush out some type of deal.
Outside of a trade resolution, the CBA says there are three potential triggers that could see the Aussie strengthen. The Australian dollar hasn't been this undervalued against the greenback since the depths of the global financial crisis, with fears over a potential escalation in the US-China trade conflict largely to blame. According to Joseph Capurso, Senior Currency Strategist at the Commonwealth Bank, the AUD/USD is now extremely cheap based on the bank's fair value model.
Verizon (VZ) launched its residential 5G service, known as Verizon 5G Home, in four cities in the United States on October 1. The Verizon 5G Home service has entered its third month in December. Verizon still isn’t disclosing its 5G Home subscription metrics, but the company recently shared details suggesting that the service is off to a great start.
Comcast (CMCSA) and Charter Communications (CHTR) have diversified into the wireless market, selling mobile services using Verizon’s (VZ) 4G LTE (long-term evolution) network. The arrangement with Verizon restricts Comcast and Charter to selling mobile services in their footprints.
Considering AUDUSD’s dip beneath a month-old ascending trend-line, the pair is likely to visit the 0.7180 support but the 0.7150 horizontal-stop could confine its further downside. In case there prevails additional weakness on the part of the pair past-0.7150, the 0.7120 and the 0.7050 seem crucial rest-points to watch as break of which highlights the 0.7020 and the 0.7000 come-back. On the upside, the 0.7240 and the 0.7260 can restrict the pair’s near-term advances ahead of fueling it to 0.7275-80 region. Moreover, successful break of 0.7280 may escalate the recovery to the 0. ...
Investing.com - The safe haven yen was higher against the U.S. dollar on Thursday as the arrest of a leading Chinese executive in Canada threatened to escalate tensions between the U.S. and China, prompting investors to move out of riskier assets.
The pair hovered around the 1.1350 level mostly during the Wednesday’s session as the 1.14 level above continues to be massively resistive. The market is struck between the 1.13 and 1.15 range for quite some time now and rallies are proving to be a selling opportunity in the market. The market will continue to trade between this range until it breaks above the resistive 1.15 level with bullish momentum. …Read MoreGBP/USD
Investing.com - The U.S. dollar was little changed on Thursday while the Chinese yuan fell after the arrest of the CFO of tech giant Huawei Technologies.
Based on the early price action and the current price at .7228, the direction of the AUD/USD the rest of the session is likely to be determined by trader reaction to the main 50% level at .7252.
With Australian and New Zealand Dollar investors focusing primarily on U.S.-China trade relations and a risk-off environment, today’s U.S. economic events may take a backseat. Look for further downside pressure today especially if U.S. equity markets continue to weaken.
Although T-Mobile (TMUS) hopes to close its deal to merge with Sprint (S) as early as in the first quarter of 2019, the path isn’t smooth, as the deal continues to face strong resistance. Fearing reduced competition in the wireless market and possible job losses, more than a dozen groups, including labor unions, have recently asked the Democrat-controlled US House of Representatives to hold a hearing on the T-Mobile-Sprint merger deal.
The Australian dollar fell during the day on Wednesday as people are starting to question whether or not the US/Chinese trade war is going to get any better anytime soon. It looks as if the Australian dollar is going to remain very sensitive to the Sino-American relations, so pay attention to this pair and of course headlines involving both China and the United States.