It’s common, in tech enthusiast circles, to conceptualize conflict between companies as a battle or war. This isn’t solely a conceit of journalists — read the comments on any GPU review or game performance debate, and it quickly becomes clear that plenty of enthusiasts themselves view Teams Red and Green locked in an existential conflict. Intel would be Team Blue in this example, though it doesn’t ...
-Recent DXY updates have noted that “if a broader decline is underway, then resistance probably needs to register (again) near the channel line that has been resistance and support since Brexit…the 55 day average is up here too.” Resistance is holding and a possible head and shoulders top is evident and would confirm on a drop under the February low. Even then, trendline support registers below 98.00. Watch for range support near 99.80. ...
John Stobart (b.1929) Night Run to Friar's Point
The Euro recoiled sharply higher after hitting the weakest level in two months against the British Pound but overall positioning still seems to favor the downside. Continued selling from here puts the spotlight on a major double bottom capping losses since early September 2016. Near-term support is in the 0.8334-70 area (double bottom, 50% Fib expansion), with a daily close below that exposing the 61.8% level at 0.8257. Alternatively, a ...
Private capital expenditure in Australia was down a seasonally adjusted 2.1 percent on quarter in the fourth quarter of 2016, the Australian Bureau of Statistics said on Thursday - coming in at A$27.579 billion. more...
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