Ok , so we’ve heard that one a few times lately only to see it cut like a knife through butter left in the midday sun
1.4855 is the 61.8% fib retrace from 1.3502-1.7043 range ( scroll back a bit for that ! )
I’m hearing of good size buying interest at 1.4850 behind that
2013 lows of 1.4831 firmly in sight though if we have enough legs left today
Maybe the 1.4500 targets I talked about a while ago aren’t quite so far fetched after all
Most Popular
Sponsored
The US Senate voted 50-47 to advance a war powers measure that would require Congressional approval before further strikes on Iran, with four Republican senators breaking ranks to support the motion. Doesn't matter.
LULU's 57.9% gross margin & 21.7% operating margin shine, while CABO & VNT show waning returns & falling sales.
ArcelorMittal cashes in on Vallourec stake, realizing 10% gain & returning $667M to shareholders via buybacks.
Mortgage rates jump 0.75% since war's start. Borrowing costs hit July highs, impacting housing market.
FIX, MCO, AJG show strong cash flow margins & growth. Valuations vary: FIX 46.5x P/E, MCO 25.3x, AJG 14.4x.
30-yr Treasury yields hit 5.19%, highest since 2007. Inflation fears spark bond selloff, dividing investors.
Lumentum's 90% revenue surge & 32% margin driven by AI demand. Valuation is high at 30x sales, but efficiency gains may justify it.
Sponsored
Must Read
