GBP/USD At 7 Months High But In Overbrought Region

An upward sloping trend line since lateJune overbought conditions of RSI highlight October top as nearby support.Bulls can target May high yearly top during the further rise.GBPUSD pushed higher to 1.31554 this Fridays Asian session. The pair clings to a multimonthold rising resistance line amid overbought conditions of 14day Relative Strength Index (RSI).Sellers look for entry below October month high at 1.30107 to take aim at November top surrounding 1.29842. Though 20SMA could support price to declines below 1.29357.Should prices decline below 20SMA 61.8% Fibonacci retracement of MarchSeptember fall at 1.28415 [read more]

Tiffany & Co. Miss Earning

Tiffany & Co. TIF 0.13% reported a fiscal thirdquarter profit that fell more than expected and net sales and samestore sales that missed forecasts. The stock slipped 0.5% in premarket trading. Net income declined to $78.4 million or 65 cents a share from $94.9 million or 77 cents a share in the yearago period. The FactSet consensus for net EPS was 87 cents. Net sales inched up to $1.015 billion from $1.012 billion but was below the FactSet consensus of $1.037 billion. Samestore sales were unchanged from a [read more]

If You Invested $10,000 In Alibaba's IPO, This Is How Much You Had Made.

Alibaba (NYSEBABA) the Chinas largest ecommerce cloud and digital advertising company. Alibaba.com was a businesstobusiness marketplace that let Chinese companies export their products overseas. Its growth led to the launch of Taobao a consumertoconsumer marketplace for Chinese shoppers in 2003. It expanded that ecosystem again with Taobao Mall (Tmall) a businesstoconsumer spinoff of Taobao for bigger brands in 2008.In 2014 the tech giant went IPO at $68 per share on Sept. 14 and raised $25 billion making it the largest IPO in history. Lets see how much money you would have made with a $10000 investment [read more]

What The Analysts Are Saying About GBP/USD Recent Bull

Pound Sterling went sharply higher against the Dollar as the odds of a Conservative majority being delivered in the latest poll for December 12 General Election rose.The implied odds of a Conservative majority rose back to 70% on the Betfair Exchange on Wednesday having been at 66% 24 hours earlier as a result Sterling rise. The Pound rallied to a new sevenmonth high against the Dollar when the GBPUSD hit 1.31126 trading above on where it closed the previous day.What the analysts are sayingThe market continues to cut back on Sterling [read more]

Tiffany & Co. To Report Earning Before Market Open Thursday

Tiffany & Co. are expecting the jeweler to report earnings per share of 85 cents in the fiscal third quarter a slight increase from 77 cents in the same quarter last year according to FactSet. Tiffanys stock has skyrocketed 65% in 2019 and it recently got a boost after LVMH confirmed it will buy Tiffany for $16.2 billion or $135 a share in cash. [read more]

GBP/USD Surge On Latest YouGov Poll, Trading Above 1.3

GBPUSD is trading around 1.3040 the highest since early May. It has broken above the October peak of 1.3013 and above Tuesday peak just beneath that line. Speculation about the elections seems to be behind the move. Opinion polls have been showing Labour only marginally narrowing the gap with the Conservatives. Prime Minister Boris Johnson is still on course to a landslide majority that investors are waiting for.A poll tracker by Britain Elects has shown a 10.3 point lead for the Tories over Labour 42.6 against 12.3%. YouGovs highlyregarded MRP survey reflected a [read more]

Data Shows Bitcoin Moves 30% In December, Will 2019 Be The Same?

At just over 10 years old cryptos largest asset Bitcoin (BTC) has made a name for itself as a volatile asset as shown by its past price action. December in particular has seen a notable chunk of this volatility with price moving more than 30% since 2015. As 2019 nears its end Bitcoin looks back on a standout year in terms up over 100% from the yearly lows in February of around $3350. By the end of June BTCUSD found itself up near $13800. Then after several months of consolidation and subsequent selling pressure BTC hit [read more]

Bitcoin Ranging Between $7,400-$7,100

Bitcoin prices have been trading within a relatively tight range lately experiencing minimal volatility as market observers wait for the next major catalyst to drive the cryptocurrency higher or lower.The digital asset started moving primarily between $7200 and $7800 late last month narrowing to a smaller range of roughly $7200 to $7400 on November 30th.The cryptocurrency has been experiencing this relative calm as it follows a broader downward trend during which it has repeatedly notched lower highs.Investors have adopted a wait and watch approach to see if any market catalysts help [read more]

If Bitcoin Is Moving Towards The 200-SMA, The Target Price Is $5,000

As part of its current midterm downtrend Bitcoin (BTC) could be headed toward its 200week moving average (MA) on the weekly chart a level that has been a major historical bottom. Since hitting its 2019 high of approximately $13890 Bitcoin has seen lower highs indicative of a downward trend at least in the midterm. After a corrective bounce up to $7875 last week Bitcoin was unable to shake its larger downtrend heading back down to $7285 by press time. The asset could ultimately have its sights set near $5000 before a midterm trend reversal as [read more]

New UK Poll Shows Labour Party Narrowing The Gab To Conservative Party Ahead Of December 12 Election

The British Pound started the new month on a softer footing against the Euro Dollar and other major currencies as markets reacted to weekend polls showing the Labour Party continues to make gains and close the gap on the Conservatives.For foreign exchange markets a comfortable Conservative majority is seen as a bestcase outcome for the UK economy in that it allows Boris Johnson to be able to swiftly deliver a Brexit deal which would put to rest years of Brexitdriven uncertainty allowing business to start investing once more.source poundsterlinglive [read more]