Crypto prices are coming down one day after Biden signed his executive order on cryptocurrencies. Well, that didn’t last long. Bitcoin and other digital currencies were sliding Thursday, one day after President Joe Biden signed Read more…
The Japanese yen continues to lose ground to the US dollar. USD/JPY has climbed above the 116 line for the first time since early February. The yen is on its heels, as USD/JPY is within Read more…
While stock buybacks are generally seen as a positive, they can put pressure on company balance sheets. Companies that spend billions of dollars buying back their shares are usually rewarded with higher stock prices. That’s Read more…
Markets Markets yesterday staged a broad risk-on repositioning since the start of the Russian invasion in Ukraine, hoping that mutual economic retaliations at least would come to a pause. There was even hope that a Read more…
Tesla’s CEO has already shown his solidarity with Ukraine after Russia invaded the country. If investors have learned one thing about Elon Musk, it’s that he rarely gives up. The Tesla chief executive is never Read more…
Consumer prices continued to heat up in February, jumping 0.8% month-on-month (m/m). That marks an acceleration from the prior two months’ pace. That drove the year-on-year (y/y) pace of inflation to 7.9%, the fastest pace Read more…
Daily Pivots: (S1) 115.36; (P) 115.58; (R1) 115.88; More… Intraday bias in USD/JPY stays neutral at this point. On the upside, firm break of 116.34 will resume larger up trend from 102.58 to 118.65 long Read more…
Daily Pivots: (S1) 0.9243; (P) 0.9273; (R1) 0.9296; More…. Sideway trading continues in USD/CHF and intraday bias remains neutral. Choppy rise from 0.8925 would still be in favor to extend higher as long as 0.9090 Read more…
Daily Pivots: (S1) 1.3118; (P) 1.3154; (R1) 1.3219; More… Intraday bias in GBP/USD remains neutral as consolidation form 1.3080 is still extending. Upside of recovery should be limited by 1.3270 support turned resistance. On the Read more…
Euro’s rebound stalls after ECB policy announcement, mainly because risk markets turned softer again. Another round of negotiations between Russia and Ukraine failed and Russia will clearly continue its attack. Dollar is trading slightly higher Read more…