• Delta Air Lines: Support in View

    Delta Air Lines: Support in View

    • October 3, 2024

    Upcoming Earnings: Delta Air Lines, Inc. (ticker: DAL) is scheduled to report earnings before the market opens on 10 October. The consensus earnings per share (EPS) estimate for the fiscal quarter ending September 2024 is US$1.56. The reported EPS for the same quarter a year prior was US$2.03. Ichimoku Cloud Within Touching Distance DAL has

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  • GBP/USD Sharply Lower Following Bailey’s Dovish Comments

    GBP/USD Sharply Lower Following Bailey’s Dovish Comments

    • October 3, 2024

    In an interview with the Guardian, Bank of England (BoE) Governor Andrew Bailey echoed a marked shift in tone today and underlined that the BoE could become more aggressive regarding policy easing if inflationary pressures continued to subside. This follows Bailey calling for a ‘gradual approach’ in September after the central bank held the Bank

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  • Pepsi Hovering South of Ichimoku Cloud

    Pepsi Hovering South of Ichimoku Cloud

    • October 2, 2024

    Upcoming Earnings: PepsiCo, Inc. (ticker: PEP) is scheduled to report earnings before the market opens on 8 October. The consensus earnings per share (EPS) estimate for the fiscal quarter ending September 2024 is US$2.30. The reported EPS for the same quarter a year prior was US$2.25. Ichimoku Cloud Overhead While the price of Pepsi has

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  • Middle East Tensions Mount; Oil Prices Rise

    Middle East Tensions Mount; Oil Prices Rise

    • October 1, 2024

    According to Israel, military forces have mounted a ground incursion across local communities around Southern Lebanon, in what it has described as a ‘limited operation’ against Hezbollah. The Israel Défense Forces (IDF) described the attack as ‘limited, localised, and targeted ground raids based on precise intelligence against Hezbollah terrorist targets and infrastructure in southern Lebanon’.

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  • GBP/JPY Rebounding from Ichimoku Cloud Support

    GBP/JPY Rebounding from Ichimoku Cloud Support

    • September 30, 2024

    Versus the Japanese yen (JPY), the British pound (GBP) is seen rebounding from its Ichimoku Cloud Support on the H4 chart. Made up of the Leading Span A (light green at ¥192.77) and the Leading Span B (light orange at ¥190.90), the Ichimoku Cloud Support is seen sharing chart space with traditional support at ¥189.94

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  • Index and Commodities Trading Week Beginning 30/09/2024

    Index and Commodities Trading Week Beginning 30/09/2024

    • September 29, 2024

    XJO WEEKLY Price structure: Inside range. With the Index heavily weighted with Banks and large resource companies, the rotation from banks to resources last week went largely unnoticed within the Index value. The retest low towards the 8083 level with the high close in the range remains bullish for further gains in the short term (1

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  • What is Happening with BTC/USD?

    What is Happening with BTC/USD?

    • September 23, 2024

    BTC/USD Up 50% This Year Bitcoin versus the US dollar (BTC/USD) has unquestionably been an outperformer. BTC/USD is up more than 50% year to date, and nearly 10% this month. However, we have to consider that the majority of the outperformance materialised in the first quarter of this year when the major crypto pairing hit

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  • Index and Commodities Trading Week Beginning 23/09/2024

    Index and Commodities Trading Week Beginning 23/09/2024

    • September 22, 2024

    XJO WEEKLY Price structure: Strong Bullish range. The FO Fake Out is where the price moves past a previous high point, the closing price position is the key observation, in this case the closing price 8209.0 points is above the previous FO high of 8148.0 points, this remains a Bullish setup for further gains. This

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  • Blackberry Exhibits Clear Downtrend

    Blackberry Exhibits Clear Downtrend

    • September 20, 2024

    Upcoming Earnings: BlackBerry Limited (ticker: BB) is scheduled to report earnings after the market closes on 26 September. The consensus earnings per share (EPS) estimate for the fiscal quarter ending August 2024 is US$-0.04. The reported EPS for the same quarter a year prior was US$-0.06. Ichimoku Studies Offering Mixed Signals Trend studies show that

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  • Easy Does It: Bank of England Leaves Bank Rate on Hold at 5.0%

    Easy Does It: Bank of England Leaves Bank Rate on Hold at 5.0%

    • September 19, 2024

    ‘Easy does it’ was today’s primary message from the Bank of England (BoE). Unlike the US Federal Reserve cutting rates by an outsized 50 basis points (bps) yesterday, the BoE is clearly in no rush to ease policy, with most policymakers backing a slow and steady approach. In an 8-1 majority vote, the BoE left

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  • The Pattern Pulse – 19 September 2024

    The Pattern Pulse – 19 September 2024

    • September 19, 2024

    Your weekly outlook of technical patterns and structure. The FP Markets Research Team scans the financial markets for you, highlighting clear and actionable technical structures. Forex: GBP/USD Refreshes YTD Highs Monthly/Daily/H1 Timeframes: The British pound remains on the front foot versus the US dollar (GBP/USD), on track to pencil in a third consecutive month in

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  • S&P 500: Support Eyed

    S&P 500: Support Eyed

    • September 18, 2024

    With markets now on standby for the US Federal Reserve’s rate announcement later today at 6:00 pm GMT, the S&P 500 clocked a fresh record high of 5,670 yesterday after invalidating an evening star bearish pattern on the weekly chart and eclipsing the previous all-time high of 5,669 set in mid-2024. Support Between 5,523 and

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