Market Gawk

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Original post by FeedZilla

The NASDAQ composite jumped Monday morning as investors welcomed another spate of corporate deals, while the broader market struggled to gain after rising for the last seven weeks.

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The FTSE hit a new six-and-a-half year high as the heavyweight oil and mining stocks moved higher.

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The yen fell to a record low against the euro on Monday as the Japanese currency gave back its gains following China’s decision last week to widen the renminbi’s trading band and raise interest rates.

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European equity markets were mixed in mid-morning trade as attention focused on developments in the Italian banking sector but Acciona of Spain enjoyed strong gains as investors warmed to its transformation story

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U.S. stock futures are pointed higher heading into the open this morning, indicative of a positive start to the week’s trading…(Read More)

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The nation’s largest American cell-phone provider (by geographic area), ALLTEL (AT) increased this morning after agreeing to be taken private by investment firms TPG Capital and GS Capital Partners…(Read More)

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Lowe’s (LOW) , the second-largest home-improvement retailer in the U.S., said early today that its first-quarter net income slipped 12%, falling short of the company’s own estimates and Wall Street’s consensus view…(Read More)

Original post by FeedZilla

Cable continues to break down as price is now below 1.9700. We mentioned Friday that a” short term measured objective is at the 100% extension of 2.0131-1.9841/1.9997 at 1.9707 but we expect this decline to eventually challenge the 161.8% extension at 1.9528.”

Original post by FeedZilla

From Friday, ”the C wave down that we have been looking for in the USDJPY may be under way. The form of the decline on the way down will clue us in to the bearish potential. A break below the support line drawn off of the 4/19 and 5/11 lows may lead to increased selling pressure.

Original post by FeedZilla