Jadtecnic

Jadtecnic

AUDUSD broke decisively lower yesterday but follow through lacked today with the exchange rate showing only a marginal decline as of the European close. Support at 0.7500 in the pair is seen as significant as it had held it higher since the middle of January. As the pair was confined to a range during this time, yesterday’s break of support signals a range break...

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The Bank of Japan is expected to hold the course and maintain interest rates at -0.10%. The negative rates are part of the BoJ’s ultra-loose monetary policy, which is expected to continue until inflation levels move closer to the central bank’s target of around 2 percent. Japan’s economy has improved in recent months, as a weak yen and stronger global demand have...

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In the UK, there was good news on the consumer front, as retailers reported a sharp increase in sales volume. With Brexit constantly in the minds of the markets, consumer spending indicators are being closely monitored. The British economy has performed better than many analysts (and the BoE) expected, but the markets are understandably nervous about the impact...

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The euro has edged upwards in the Friday session, as EUR/USD trades at 1.0890. The week wraps up with a host of events in the eurozone and US, so traders should be prepared for some movement from the pair. In the eurozone, German Retail Sales dropped to 0.1%, matching the estimate. Later in the day, the eurozone releases CPI Flash Estimate, with an estimate of...

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Amazon.com shares surge into record territory ahead of earnings report

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While many marijuana stocks fall have small market caps, investors are not stuck investing in marijuana penny stocks, though those can be very profitable. For investors looking for the one of the best marijuana stock to invest in, while ACB stock may be the more enticing option, their best bet could be Canopy Growth Corp (TSE:WEED). The first billion-dollar market...

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Silver is already very near its own December trend-line, and with that if gold doesn’t soon find a bid then neither is its sibling metal at an important line of support. Ideally, for a long trade we see gold hold and silver put in a reversal off trend-line support. If gold drops below noted support towards the December trend-line, a continuation short-trade may...

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Revenue increased 28.1% to $1.07 billion Comparable restaurant sales increased 17.8% (including 0.6% from recognized revenue previously deferred related to Chiptopia) Restaurant level operating margin increased to 17.7% from 6.8% Net income was $46.1 million, improved from a net loss of $26.4 million Diluted earnings per share was $1.60, improved from a diluted...

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Panera Bread (NASDAQ:PNRA) reports comparable bakery-cafe sales increased 5.3% in Q1 at company-operated stores. Total comparable sales growth came in at +2.6%, level with the consensus estimate. Pricing was up 2% and transactions were 1.7% higher. Digital sales accounted for 26% of sales during the quarter. Cost of food and paper products -110 bps to 28.4% of...

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AT&T (T -0.2%) is up 1.2% now in choppy early postmarket action after reporting Q1 earnings that met profit expectations but recorded a billion-dollar miss on revenues. Consolidated revenues slipped 2.8% on "record-low equipment sales" in wireless. EPS fell on a headline basis, but adjusted EPS grew to $0.74 (in line) from a year-ago $0.72. Cash from operations...

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The euro has edged higher in the Tuesday session, as the pair trades at the 1.09 line. On the release front, it’s another quiet day in the Eurozone, with no major events. In the US, we’ll get a look at two key events. CB Consumer Confidence is expected to improve to 123.7, while New Home Sales is forecast to edge lower to 590 thousand.

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The pound to US dollar exchange rate is trading at $1.2812; 0.3 per cent above opening levels after yesterday’s sell-off. Net borrowing for the UK public sector was expected to run a deficit of -£1.5 billion in March, but instead the government posted a shortfall of -£4.36 billion. On a monthly basis, March’s deficit was up 20 per cent on twelve months prior at...

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USD/JPY has posted considerable gains on Tuesday, as the pair trades at 110.60 in the North American session. On the release front, Japanese SPPI remained at 0.8%, edging above the agreement of 0.7%. Over in the US, we’ll get a look at two key events. CB Consumer Confidence is expected to improve to 123.7, while New Home Sales is forecast to edge lower to 590...

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USD/CHF still appears weak, despite Monday’s recovery from a session low at 0.9896. At present, the pair is trading at 0.9944, a loss of 0.14% from Monday’s North American close. Support on a further move lower is at the mid-point of Monday’s long green candle, which comes in near the 0.9925 level and corresponds to a 61.8% retracement of the advance that took...

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The Canadian dollar had a negative trading session on Monday. The loonie was pressured downwards as the price of oil retreated and the USD advanced on the hopes President Trump will present a tax reform plan this week. The results of the first round of French presidential elections sparked an appetite in riskier assets hurting Canadian bonds as investors sold...

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Having failed to build on Monday's bullish gap, the AUD/USD pair came under some renewed selling pressure on Tuesday and has now eroded all of its gains recorded in the past couple of trading sessions. With today's slide, the pair has now snapped three consecutive days of winning streak and is now pushing closer towards the key 0.75 psychological mark as traders...

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Cobalt is critical to the electric vehicle (EV) revolution, and it makes up some 35 percent of the lithium-ion battery mix—but we can’t source enough of it now, and the future supply is uncertain at best. It’s time for an all-American source of cobalt, and Scientific Metals (TSX:STM.V; OTC:SCTFF) is stepping up to the plate with a pure play cobalt project that...

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Overnight data showed that UK’s Rightmove house prices rose on a monthly basis in April. The pair witnessed a high of 1.2832 and a low of 1.2772 during the session. GBP/USD remains neutral for consolidation below 1.2903 temporary top. With 1.2614 resistance turned support intact, further rally is expected. Firm break of 100% projection of 1.2108 to 1.2614 from...