Analytics News and Market Forecast

PepsiCo stock (NYSE: PEP) reported its Q2 results earlier this week, with revenue and earnings comfortably above the street estimates. The daily price is ranging above 200 SMA within 167/172 support-resistance level waiting for the direction of the bullish trend to be continuing.

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EUR/USD is heading towards a week full of important data releases and events, from both sides of the pair, that will whip up volatility further.

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The U.S. dollar is likely to stay supported in the near term on bets that the Fed will remain committed to a hawkish tightening cycle amid red-hot labor markets and elevated inflation. July U.S. inflation data will steal the spotlight next week.

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But making Johnson & Johnson an even more interesting and timely stock to look at, is the fact that in trading on Thursday, shares of JNJ entered into oversold territory, changing hands as low as $167.41 per share.

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Is Intel stock a good investment? The monthly price broke Ichimoku cloud to below for the primary bearish reversal: the price is testing the bearish triangle pattern for the bearish trend to be continuing; alternatively - the price will be on secondary ranging waiting for direction.
Conslucion: oversold.

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USD enters the week on a firm footing as the US Dollar Index (DXY) anticipates the ECB interest decision on Thursday. ISM non-manufacturing PMI in focus.
The daily price was bounced from 103.94 resistance level to below for the secondary correction within the primary bulluish trend to be started.

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The eurozone’s woes continue despite an attempt by the ECB to realign medium-term inflation expectations and boost confidence in the euro. Risk Events Ahead: ZEW sentiment, EU balance of trade data and eurozone inflation.

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New CEO blames "global recession" for FedEx management's failings

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The Euro’s slide against the US dollar continues and unless data out next week surprises to the upside, EUR/USD will continue to make fresh two-decade lows.

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Not much has changed from Q3 with the Japanese Yen extending its weakness against the U.S. dollar as the Bank of Japan (BoJ) continues its dovish stance on monetary policy to stimulate economic growth.
The price is located far above yearly Pivot level at 111.04 for trying to break the 5th Pivot resistance level to above for the primary bullish trend to be continuing.

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