Inditex is facing a great bullish momentum:
After the downgrade of Morgan Stanley -17%, they have reported solid quarterly results reaching USD 12 Bn of revenue for the first time, remaining its clothing leadership.
-Spanish equities negative momentum was sending Inditex downwards, however IBEX 35 is back again above 9.200 level...
GM is soaring back from USD 35 levels (close to USD 34,71 support level), supported by:
-USA&Mexico trade deal, which will positively affect their exports/imports between USA and Mexico.
-Possibility of including Canada in the trade deal.
-Less tensions with China in terms of tariffs.
-USA Index bullish momentum.
The TRY has dropped over -3,5% against some majors, over 1800 pips in less than 2 hours, since Turkey´s central bank has hold the interest rate level at 17,75% unexpectedly.
After the huge spike of the USDTRY, now it is pulling back after being unable to break the 4,98 level for the third time.
Even though the USD is experiencing a huge spike...
Jerome Powell is going to deliver his first testimony about monetary policy today at 16:00 GMT +2. Either today and tomorrow´s testimony in the senate are going to be crucial in order to catch more interest rate hike signs.
Currently EURUSD is facing a clearly bearish medium term trend, unable to clearly break the 1,1768 level, quoting below the...
In spite of the OPEC Oil production boost estimated in 1 Mn daily barrels, UKOIL has been soaring aproaching 3,5 years highs close to USD 80; since the production supply increase was expected over 1 Mn and the real supply boost might finally be around 600k daily barrels.
Now the price is retreating from USD 79-80 level, after being unable to...
This Friday 13/07/2018 three of the main USA Banks are releasing quarterly results #JPM #C #WFC,
The Banking sector is experiencing positive fundamentals that have been driving the spike of their stocks in recent months:
1. USA Interest rate hikes : according to Bloomberg research, for each 1% that USA increases the interest rate level Banks like Bank of...