Forex forecasts and market outlooks

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19.07.2019 - 13.07.2019

DuPont de Nemours Inc. (DD/NYSE): general analysis

DuPont shares are trading near the monthly low, having decreased by 4.8% since the beginning of July. From the January 6-month high, quotes fell by more than 15%. The company's management expects 100% of the cost reduction plan to be completed by the end of Q3 2019 due to the recent business restructuring and synergy effect, which implies an increase in cash flow of $450 million compared to last year.

The Walt Disney Co. (DIS/NYSE): general review

In the shares of The Walt Disney, there is a corrective decline from a 52-week high of July 15. Over the past 3 months, the emitter's quotes strengthened by 6.8%. Shares of The Walt Disney continue to play on expectations of strengthening the financial position through the acquisition of Fox assets, as well as prospects for positive cash flow for ESPN+ and Hulu streaming services. The company announced the publication of financial results for Q2 2019 on August 6.

AUD/USD: AUD is strengthening

The Australian dollar rose substantially against the US one on Thursday, updating local highs of April 24. It is curious that AUD has managed to show quite active growth, despite the ambiguous report on the Australian labor market for June. It reflected employment growth for mere 0.5K jobs, while in May the growth was 45.3K. Analysts were expecting growth of 10.0K jobs.

American Express Co.: wave analysis

The trend is upward.

On the 4-hour chart, the fifth wave of the higher level 5 of (5) develops. Now, the third wave of the lower level iii of 5 is developing, within which the wave (iii) of iii is developing. If the assumption is correct, the price will grow to the levels of 135.00–140.00. In this scenario, critical stop loss level is 120.81.

Boeing Co.: wave analysis

The price may grow.

On the 4-hour chart, the fifth wave of the higher level (5) develops, within which the wave 1 of (5) formed, and the downward correction 2 of (5) developed. Now, the development of the wave 3 of (5) has begun, within which the first wave of the lower level (i) of i of 3 has formed, and the correction (ii) of i has ended. If the assumption is correct, the price will grow to the levels of 417.00–445.00. In this scenario, critical stop loss level is 347.29.

GBP/USD: wave analysis

The pair may grow.

On the 4-hour chart, the downward correction of the higher level developed as the wave (2), within which the wave C of (2) formed as a momentum. Now, the development of the third wave (3) is beginning, within which the first wave of the lower level (i) of i of 1 of (3) is forming. If the assumption is correct, the pair will grow to the levels of 1.2650–1.2780. In this scenario, critical stop loss level is 1.2380.