December 16, 2016 7:19 am
Major Currency Pairs USD/CHF R1 – 1.0316 R2 – 1.0329 R3 (Range Resistance – Sell) – 1.0343 R4 (Long Breakout) – 1.0384 R5 (Breakout Target 1) – 1.0432 R6 (Breakout Target 2) – 1.0453 S1 – 1.0288 S2 – 1.0275 S3 (Range Support – Buy) – 1.0261 S4 (Short Breakout) – 1.0220 S5 (Breakout Target […]
Read moreDecember 15, 2016 10:35 am
The DJIA-featured General Electric Company announced yesterday that it once again forecast strong earnings growth during the upcoming two years, in spite of current energy market weakness. The company affirmed its 2018 objective of earnings per share at the amount of $2, which slightly outstripped the median forecast by experts. General Electric shares closed lower […]
Read moreDecember 15, 2016 8:39 am
The US Securities and Exchange Commission (SEC) has asked the NYSE-listed Wells Fargo & Company for an explanation regarding its accounting practices for a portfolio of bad loans valued at nearly $20 billion. In September Wells Fargos controller, Richard Levy, received a letter from the SEC, in which he was asked about the assumptions the […]
Read moreDecember 15, 2016 7:05 am
Silver (SI) for March 2017 delivery (1 Troy Ounce) R1 – $17.265 R2 – $17.310 R3 (Range Resistance – Sell) – $17.354 R4 (Long Breakout) – $17.488 R5 (Breakout Target 1) – $17.644 R6 (Breakout Target 2) – $17.718 S1 – $17.177 S2 – $17.132 S3 (Range Support – Buy) – $17.088 S4 (Short Breakout) […]
Read moreDecember 14, 2016 10:35 am
On December 13th US regulators imposed restrictions on Wells Fargos ability to expand its business, meaning that the San Francisco-based financial institution may not found international bank entities or acquire non-bank subsidiaries. The ruling added to the banks recent woes over its high pressure sales campaign, which urged employees to create 2 million deposit and […]
Read moreDecember 14, 2016 8:30 am
According to a December 13th report by the Wall Street Journal, David Solomon and Harvey Schwartz are expected to be named as top candidates of Goldman Sachs Groups CEO, Lloyd Blankfein, to succeed Gary Cohn. Such appointments could bring back the DJIA-featured financial institution to a co-president, co-chief operating officer entity. Goldman Sachs shares rebounded […]
Read moreDecember 14, 2016 7:10 am
Major Currency Pairs USD/CHF R1 – 1.0133 R2 – 1.0138 R3 (Range Resistance – Sell) – 1.0142 R4 (Long Breakout) – 1.0155 R5 (Breakout Target 1) – 1.0171 R6 (Breakout Target 2) – 1.0177 S1 – 1.0125 S2 – 1.0120 S3 (Range Support – Buy) – 1.0116 S4 (Short Breakout) – 1.0103 S5 (Breakout Target […]
Read moreDecember 13, 2016 10:48 am
The DJIA-featured aircraft manufacturer Boeing officially announced yesterday that it intends to reduce production of its twin-aisle 777 jet to 5 per month in August 2017. It would represent a 40% cut in comparison with the present rate of 8.3 jets per month. Boeing shares closed higher for a fifth consecutive trading session on Monday. […]
Read moreDecember 13, 2016 8:32 am
On December 12th the NYSE-listed insurer Prudential Financial Inc announced it had discontinued the distribution of a low-cost life insurance policy via Wells Fargo & Company (WFC). As reported in the media, California Insurance Commissioner, Dave Jones, embarked on an investigation into allegations that Wells Fargo retail bankers had signed up clients for Prudential-provided life […]
Read moreDecember 13, 2016 7:07 am
Silver (SI) for March 2017 delivery (1 Troy Ounce) R1 – $17.236 R2 – $17.284 R3 (Range Resistance – Sell) – $17.333 R4 (Long Breakout) – $17.479 R5 (Breakout Target 1) – $17.649 R6 (Breakout Target 2) – $17.731 S1 – $17.138 S2 – $17.090 S3 (Range Support – Buy) – $17.041 S4 (Short Breakout) […]
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