William V. Selesky Senior Analyst: Basic Materials Bill covers the Basic Materials sector for Argus. He has worked in the investment business for over 15 years, including positions as a senior equity analyst for firms such as Palisade Capital Management, PaineWebber/Mitchell Hutchins Asset Management and John Hsu Capital Group. He has provided coverage on groups…
William V. Selesky Senior Analyst: Basic Materials Bill covers the Basic Materials sector for Argus. He has worked in the investment business for over 15 years, including positions as a senior equity analyst for firms such as Palisade Capital Management, PaineWebber/Mitchell Hutchins Asset Management and John Hsu Capital Group. He has provided coverage on groups…
XAUUSD is trading inside a previously respected demand area after a steady decline. Price is reacting near an important support zone while the 4 EMA remains below the 14 EMA, showing softer short-term momentum. If buyers maintain control, price may move toward the highlighted supply zone. A loss of support could lead to further downside….
Spanish regions are pursuing Chinese battery and car investment as officials push for common European Union (EU) foreign investment rules ahead of talks with Beijing on trade arrangements. Reuters reported that Spanish officials want faster approval of a “Made in Europe” law. The proposal would require local content and employment conditions, technology transfer, and limits…
The current chart highlights a strong supply area where sellers previously entered the market with strength. Price has since rotated lower and is now testing a significant support level that could determine the next short-term direction. As long as price remains below the highlighted supply zone, sellers may continue to have an advantage. A confirmed…
Gold on the 15-minute timeframe is trading beneath a clearly defined seller demand zone, showing that sellers have defended higher prices on recent attempts. At the same time, price is approaching an important horizontal support area that has previously attracted buying interest. A clean move below this support could increase bearish momentum and open the…
Natural Gas coils under SMA 200. What’s next?Natural Gas is trading near $2.77, stuck inside a tightening range after recovering from the $2.68 support area. The interesting part is that price is not falling anymore, but it is also not strong enough to break higher. Buyers keep defending dips, while sellers continue to appear near…
NZD/USD is falling to the support level, which is an overlap support, and a break below this level could lead the price to fall from this level to our take profit. Entry: 0.5857Why we like it:There is an overlap support level. Stop loss: 0.5921Why we like it:There is a pullback resistance level. Take profit: 0.5802Why…
By Kamal Choudhury and Kunal Das Aug 3 (Reuters) – Radiopharmaceutical company Curium has agreed to buy peer Lantheus Holdings in a deal worth up to $8 billion, as the private equity-backed firm looks to expand its footprint in the fast-growing sector. Radiopharmaceuticals, which use radioactive compounds to diagnose and treat diseases such as cancer,…
The U.S. is stepping in to help boost Japan’s yen for the first time in nearly three decades after the currency hit a 40-year low, but the intervention has an unusual feature: instead of selling dollars to buy yen, the New York Fed reportedly sold euros to fund the purchase. The coordinated move on Friday…
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