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DXY building in strength heading into final stages of this week.The Buck repelled more downside pressure and seems braced for another boost from the Fed via the account of June’s policy meeting that was hawkish in terms of the median dot plots projecting earlier tightening and two 25 bp hikes by the end of next year, while the much vaunted talk about when to discuss tapering occurred and it’s now a question of making the distinction between further and substantial progress towards twin remits before starting to scale back QE. Looking at the DXY, Tuesday’s rebound high was surpassed on the way to eclipsing last Friday’s best and the peak from April 6, at 92.844 vs 92.790 after a relatively shallow sub-92.500 retracement to 92.421, leaving 95.000 as the next upside target for psychological purposes after 93.113 from April 5 earlier this year.
TVC:DXYLong
by FTUKcom
8
DVN uptrend - What to expectI took some time this morning to go over the chart for Devon Energy. It looks like there is a lot of room for potential. 35 Analysts say 86% BUY. Trend continuity is in perptual uptrend. There's a steady diagonal line there. Earnings report coming up in July. There are some good short squeeze positions at the pinnacle of those bounces as well however if you buy now and hold until the end of the year there is a good potential for gains at just under 50%.
NYSE:DVNLong
by cleverfoxinbox