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Huntington Ingalls (HII) Wins $347M Deal to Aid Lionfish ProgramHuntington Ingalls Industries Inc.’s HII Mission Technologies segment recently secured a contract to develop nine small unmanned undersea vehicles (“SUUV”) for the U.S. Navy’s Lionfish System program. The program is used to conduct intelligence gathering for expeditionary marine countermeasure missions. Huntington Ingalls is a prominent manufacturer of unmanned undersea vehicles (“UUV”) worldwide. Serving customers in more than 30 countries, HII provides design, autonomy, manufacturing, testing, operations and sustainment of unmanned systems, including UUVs and unmanned surface vessels (USV). Its REMUS family of UUVs are low logistics UUV that can be rapidly deployed from any vessel of opportunity, with their common usage in mine countermeasures, search and recovery and antisubmarine warfare. Notably, the U.S. Navy’s Lionfish System is based on HII's REMUS 300 UUV and is a highly portable, two-person SUUV with an open architecture design and versatile payload options. In early 2022, REMUS 300 was chosen as the Navy's official program of record for the next-generation SUUV.
NYSE:HIILong
by DEXWireNews
Grains outlook hangs in the balance of the Black Sea Grain deal The failed rebellion by the Wagner group over the June 24th weekend brought to light not only the ineptitude of the Russian top military command but also the carefully crafted image of President Putin as the guarantor of stability. Putin’s assertion that the quick end of the 24-hour revolt had shown the unity of Russians behind him was contradicted by footage of adoring crowds cheering Prigozhin and his fighters as they came out of a southern city they had occupied. It is possible that Putin could step up the escalation between Russia and Ukraine to re-establish his position which currently appears weakened. The recent political turmoil in Russia lowers the probability of the Black Sea Grain deal being extended beyond mid-July (current deal expires on July 18th). No respite in Russia’s sabre-rattling Even prior to the failed coup in Russia, pessimism had been expressed by both the Russian and Ukrainian sides. One senior Ukrainian diplomat has even spoken of a 99% probability of Russia withdrawing from the agreement. Russia has repeatedly threatened to quit the deal, complaining that obstacles remain to its own exports of food and fertilizer. It has also demanded the re-opening of the ammonia pipeline as a condition for renewing the grain corridor deal through the Black Sea. However, the ammonia pipeline was damaged a day before the Kakhovka dam was destroyed on June 6. This increases the risk that Russia could after all follow through on its threat and revoke the grain deal as early as July. Grains outlook clouded by Black Sea Grain deal The original agreement brokered on 22 July 2022, by the United Nations and Turkey to open a safe maritime humanitarian corridor in the Black Sea helped to address the global food security crisis and lower grains prices. Participants on the agricultural markets remain anxious on the extension of the current deal and it could lend additional tailwinds to grains prices. According to data from the Commodity Futures Trading Commission, wheat, corn and soybeans saw a 21%, 43% and 35% decline in short positioning underscoring a shift in sentiment towards weather uncertainty and geopolitical risk premiums. Top wheat producers forecast weak supply outlook owing to adverse weather conditions The prospects for the wheat crop in key producer countries has disappointed of late owing to adverse weather conditions. Dry conditions and low soil moisture in the west and east coasts of Australia imply that much of the 2023-24 crop has been sown dry and will require adequate and timely rain to allow the plants to germinate. Wheat is a major winter crop in Australia with planting from April and the harvest starting in November. The expected onset of the El Niño conditions from July will likely see winter crop output fall significantly according to Australian Bureau of Agricultural and Resource Economics and Science (ABARES). Across the globe, wild weather is affecting crops elsewhere, including Americas and North Africa. Europe is also being impacted by high temperatures and scant rainfall, increasing the risk of damage to the continent’s wheat crops. On the flip side, Canada and Ukrainian wheat supply forecasts are positive. According to Statistics Canada, 26.9 million acres have been planted with wheat – not only is this the highest figure in 22 years, it is also 0.4 million acres more than the analysts surveyed by Bloomberg had expected . The Ukrainian Grain Association (UGA) predicts significantly higher yields this year, meaning that the crop – contrary to what has been expected so far – could actually turn out to be higher than last season. However Ukrainian farmers are likely to struggle to export their grain owing to the uncertainty surrounding the Black Sea grains corridor. Corn market remains bullish Dry weather in the US and Europe has seen the condition of the corn and soybean crop deteriorate resulting in a price positive environment for corn and soybean. The United States Department of Agriculture’s (USDA) in its latest crop progress report continues to highlight concerns for the US corn and soybean crop, given the current dry weather conditions. The USDA rates 50% of the corn crop in good-to-excellent condition compared to 67% seen at the same stage last year. Moreover, the rating of the corn crop is the lowest seen for this time of year since 1988. This implies that the USDA’s optimistic forecast of 15.3bn bushels for the us corn crop in 2023/24 will hardly prove reasonable any longer. The National Centres for Environmental Prediction said it expects many parts of the Corn Belt that have been turning dry over the past month will get more rain than usual for this time of year over the next two weeks marking a change from earlier indications that El Niño would limit rainfall for thirsty crops. Soybean is also facing a similar story with 51% of the soybean crop rated good-to-excellent condition compared to 65% at the same time last year . Growing pessimism over the extension of the Black Sea Grains deal beyond mid-July is also likely to lend an additional tailwind for corn and soybean. Weak Chinese imports through most of the 2022/23 season surged in May to over 14.8mmt of corn, wheat, and soybeans, which was the highest monthly total since June 2021 . However we would caution that a fairly muted crop-based biofuel quotas from the US Environmental Protection Agency could offset some of the strength in Chinese demand. The front end of the soybean futures curve has extended its backwardation, now providing investors a 6.4% roll yield compared to 0% last month . This material is prepared by WisdomTree and its affiliates and is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. The opinions expressed are as of the date of production and may change as subsequent conditions vary. The information and opinions contained in this material are derived from proprietary and non-proprietary sources. As such, no warranty of accuracy or reliability is given and no responsibility arising in any other way for errors and omissions (including responsibility to any person by reason of negligence) is accepted by WisdomTree, nor any affiliate, nor any of their officers, employees or agents. Reliance upon information in this material is at the sole discretion of the reader. Past performance is not a reliable indicator of future performance.
Editors' picks
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by aneekaguptaWTE
7
GBPUSD Outlook 1st March 2023The GBPUSD surged strongly to the upside overnight as the price bounced off the previous bearish trend line, rising to retest the 1.2150 price area and resistance level. This move higher was due to the weakness in the DXY following the release of weaker than expected consumer confidence data and the agreement of the deal, resolving the issue along the Northern Ireland border which arose from Brexit. With Brexit no longer an uncertainty for the UK, the GBPUSD could see relatively limited moves to the downside. Early in the trading session today, the GBPUSD again bounced from the 1.20 price level and current price action suggests the potential for further upside. Look for the GBPUSD to retest the 1.2150 resistance level, and beyond that the 1.2220 previous swing high from February 15th.
Long
by JinDao_Tai
15
New buying opportunities on EURUSD before NFPThis week EURUSD tricks us into switching directions a few times already. Today, we actually think it's clear were price wants to go next and that's 1,0900 It's the first Friday of the month which means we have NFP. We could expect some movements in the market. We're looking at possibly buying with stops below 1,0625, expecting for price to continue above 1,0900. In case of a drop to around 1,0700 and a bounce, then we can look to enter long.
Long
by ForexTrendline
11
My own vision for Bitcoin and my expectations I see that the bitcoin is creating a positive technical pattern that will be broken soon when the bitcoin reaches the area between 38 thousand to 40 thousand because it is a very strong area with many pending purchase orders, and it will be launched from it to break the flag pattern and start a new bullish wave that achieves the goals that I Expected My advice right now is to suspend purchase orders about the level of this area - 45,500 - 40,000 - 39,500 - 39,000 - 38,500 - 38,300 The stop loss is in case Bitcoin closes a weekly candle under the 38000 level, Which is the Fibonacci level of 0.61 In the end, this is my personal opinion, and it may be right or wrong. I wish everyone the best of luck.
Long
by Mahmoud_Salama
My own vision for Bitcoin and my expectations I see that the bitcoin is creating a positive technical pattern that will be broken soon when the bitcoin reaches the area between 38 thousand to 40 thousand because it is a very strong area with many pending purchase orders, and it will be launched from it to break the flag pattern and start a new bullish wave that achieves the goals that I Expected My advice right now is to suspend purchase orders about the level of this area - 40,500 - 40 ,000 - 39,500 - 39,000 - 38,500 - 38,300 (There is another scenario that must be considered, which is the launch of Bitcoin before it reaches the specified areas, and in this case, it is possible to enter, In case that it closes a daily candle above the 45000 level.) The stop loss is in case Bitcoin closes a weekly candle under the 38000 level, Which is the Fibonacci level of 0.61 In the end, this is my personal opinion, and it may be right or wrong. I wish everyone the best of luck.
Long
by Mahmoud_Salama
#WMT - 4H - CHRISMAS GIFT - STIMULUS DEAL. Perfectly tidy midterm uptrend since the beginning of July. One-touch on October 30th, and here we go again to test that uptrend strength. But this time, we've got a 0.236 Fibonacci support acting as a safety net. Also, we can observe a rebound on that RSI's oversold lower band (30). This Sunday, Republican and Democratic party leaders announced that a deal had been reached for a new stimulus check. There are enough votes for a majority approval this Monday on congress. This policy will impact positively on all retail companies such as Walmart. Monday's pre-market will discount this political victory and from the beginning of the session, we'll have a nice bullish day. Opening position: USD 145.95. Stop loss: USD 144 (-1.30%) First price Target: USD 153 (+5%) Risk-Reward ratio: +3.91 (GOLD futures are already reacting positively on Sunday's night)
NYSE:WMTLong
by aoberninger
Rocket Deal #9Rocket Deal is a series of high probability breakout ideas with time horizon of 2-3 weeks with 10-15% targets . Most of the time you will see the breakouts within 2 days. This maybe useful for swing traders. NSE:DIVISLAB in the consolidation zone. Stock will breakout soon. Risk Reward calculation is mentioned in the chart. Assumption : Every trade idea begin with 100 bucks , Risk Reward statistics shows how much you may earn/loose when target/stop hits. Never stick to loosing trade.
NSE:DIVISLABLong
by tsnaveen.ee
Rocket Deal #8Rocket Deal is a series of high probability breakout ideas with time horizon of 2-3 weeks with 10-15% targets . Most of the time you will see the breakouts within 2 days. This maybe useful for swing traders. NSE:EICHERMOT in the consolidation zone. Stock will breakout soon. Risk Reward calculation is mentioned in the chart. Assumption : Every trade idea begin with 100 bucks , Risk Reward statistics shows how much you may earn/loose when target/stop hits. Never stick to loosing trade.
NSE:EICHERMOTLong
by tsnaveen.ee
Rocket Deal #7Rocket Deal is a series of high probability breakout ideas with time horizon of 2-3 weeks with 10-15% targets . Most of the time you will see the breakouts within 2 days. This maybe useful for swing traders. NSE:TATACONSUM in the consolidation zone. Stock will breakout soon. Risk Reward calculation is mentioned in the chart. Assumption : Every trade idea begin with 100 bucks , Risk Reward statistics shows how much you may earn/loose when target/stop hits. Never stick to loosing trade.
NSE:TATACONSUMLong
by tsnaveen.ee
1
Rocket Deal #6Rocket Deal is a series of high probability breakout ideas with time horizon of 2-3 weeks with 10-15% targets . Most of the time you will see the breakouts within 2 days. This maybe useful for swing traders. NSE:INFY in the consolidation zone. Stock will breakout soon. Risk Reward calculation is mentioned in the chart. Assumption : Every trade idea begin with 100 bucks , Risk Reward statistics shows how much you may earn/loose when target/stop hits. Never stick to loosing trade.
NSE:INFYLong
by tsnaveen.ee
1
Rocket Deal #5Rocket Deal is a series of high probability breakout ideas with time horizon of 2-3 weeks with 10-15% targets . Most of the time you will see the breakouts within 2 days. This maybe useful for swing traders. NSE:HDFCLIFE in the consolidation zone. Stock will breakout soon. Risk Reward calculation is mentioned in the chart. Assumption : Every trade idea begin with 100 bucks , Risk Reward statistics shows how much you may earn/loose when target/stop hits. Never stick to loosing trade.
NSE:HDFCLIFELong
by tsnaveen.ee
1
Rocket Deal #4Rocket Deal is a series of high probability breakout ideas with time horizon of 2-3 weeks with 10-15% targets . Most of the time you will see the breakouts within 2 days. This maybe useful for swing traders. NSE:GODREJCP formed double bottom. Stock will breakout soon. Risk Reward calculation is mentioned in the chart. Assumption : Every trade idea begin with 100 bucks , Risk Reward statistics shows how much you may earn/loose when target/stop hits. Never stick to loosing trade.
NSE:GODREJCPLong
by tsnaveen.ee
1
Rocket Deal #3Rocket Deal is a series of high probability breakout ideas with time horizon of 2-3 weeks with 10-15% targets . Most of the time you will see the breakouts within 2 days. This maybe useful for swing traders. NSE:ADANIENT in the consolidation zone. Stock will breakout soon. Risk Reward calculation is mentioned in the chart. Assumption : Every trade idea begin with 100 bucks , Risk Reward statistics shows how much you may earn/loose when target/stop hits. Never stick to loosing trade.
NSE:ADANIENTLong
by tsnaveen.ee
ridethepig | GBP Market Commentary 2020.06.15The long run positional struggle for buyers which comes from their immobility to find positives in the Brexit debacle. It is extremely important to note the coming years of UK growth are harmed via the presence of protectionism, the fundamentals have widely been discussed here: With Brexit headlines entering back into play, focus will shift towards NDB repricing as there is little encouragement to see here. The GBP is getting hit badly as expected all last week with EURGBP flirting with the break above 0.90x again. Actively looking to add cable shorts on any rallies into 1.255x. Look to target 1.237x below with stops above 1.265x.
Short
by ridethepig