Forex Strategies

The shares of FedEx Corp (FDX) have cooled off after adding 12.3% in December alone.

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We think that Bristol Myers Squibb stock (NYSE: BMY) currently is a better pick compared to its industry peer Bio-Rad Laboratories stock (NYSE: BIO), a life sciences company, given its better growth prospects and comparatively lower valuation of 3.3x trailing revenues, compared to 5.7x for Bio-Rad..

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Lam Research Corporation (NASDAQ: LRCX) stock price jumped almost 3.5x from $136 in 2018 end to $467 currently, primarily due to favorable changes in its P/S multiple. The weekly price is on bearish erversal by bouncing from 731 resistance level to cross Ichimoku cloud to below to 466 support level. If the price breaks 466 support so the primary strong bearish trend will be continuing, if not so the weekly price will be on secondary ranging to be located below Ichimoku cloud in the bearish area of the chart.

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Electronic Arts (NASDAQ: EA) is scheduled to report its fiscal FYQ4 2022 results on Tuesday, May 10.
The weekly price is on bearish breakdown with 114 support level to be crossed on close W1 bar for the strong bearish trend to be continuing.

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• Gold prices ended a 4-week losing streak as recession worries multiply
• Markets translated growth fears into a cooler outlook for interest rates
• Hawkish tone from Fed, other top policymakers may reboot the selloff

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After staging an impressive post-earnings pop in late May, the shares of Ulta Beauty (ULTA) spent the former half of this month consolidating just below the $430 level before losing some of this steam as June volatility wore on.
The weekly price is ranging near and around Ichimoku cloud for waiting for the direction of the strong price to be moved:
- the price will be bouned to the bullish condition if the price breaks 429 resistance level to above;
- the price will be reversed to the bearish market condition in case the price breaks 330 support level to below.

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Amazon’s stock (NASDAQ: AMZN) has lost roughly 14% YTD as compared to the 13% drop in the S&P500 index over the same period. The weekly price was bounced from support level at 105 to above for the primary bullish trend to be resumed with resistance level at 143 as the key level for the bullish trend to be continuing.

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The GBP had a disappointing week against its major counterparts with the Bank of England’s (BoE) underwhelming 50bp hike adding to its woes. Will the coming week bring much needed optimism for the Pound or will the slide to parity continue?

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South Africa's central bank raised its key interest rates for the seventh straight policy session on Thursday to anchor inflation expectations more firmly around the mid-point of the target band and to increase confidence of attaining the inflation target sustainably over time.

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The objective of a successful signal provider is to discover a robust and profitable strategy that allows them to capture a small portion of that pie daily, broadcasting it to a large number of subscribers simultaneously.

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