Western sanctions are making their mark on Russia’s economy, with supposed advantages turning into problems. Western sanctions are hitting Russia hard–harder than some experts expected. Much was made before the war of Russia’s $643 billion Read more…
The U.S. economy gained an impressive 678k jobs in February, on top of an upward revision to the prior two months totaling +92k. Payrolls are still 1.4% below their pre-pandemic level, or about 2.1 million Read more…
Who knows is the honest answer! War in Ukraine has dominated markets since the 24 February and unfortunately war, especially this one, can prove unpredictable. Obviously, currency markets have played to the euro area’s greater Read more…
European markets are closing in on bear market territory in heavy selling at the end of the week as investors grow increasingly fearful of recessionary and escalation risks. The sell-off has gathered pace as the Read more…
Daily Pivots: (S1) 115.30; (P) 115.55; (R1) 115.72; More… Intraday bias in USD/JPY remains neutral for the moment. 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) 0.9161; (P) 0.9189; (R1) 0.9203; More…. Intraday bias in USD/CHF remains neutral for the moment. Choppy rise from 0.8925 would still be in favor to extend higher as long as 0.9090 support Read more…
Daily Pivots: (S1) 1.3305; (P) 1.3362; (R1) 1.3405; More… GBP/USD’s decline resumes by breaking 1.3272 temporary low. Intraday bias is back on the downside for 1.3158 low. Further break there will resume larger down trend Read more…
The two Japanese giants have ambitions to disrupt an industry highly coveted by American automakers. Unity is strength, says an adage. Sony (SNE) – Get Sony Corp. Report and Honda (HMC) – Get Honda Motor Co. Read more…
Daily Pivots: (S1) 1.1026; (P) 1.1074; (R1) 1.1114; More… EUR/USD’s decline accelerates further to as low as 1.0888 and intraday bias remains on the downside. Current down trend should target 61.8% projection of 1.2265 to Read more…
Dollar rises notably in early US session with help from strong headline non-farm payroll job growth, even though wages disappoint. But still, the overwhelming theme is Euro selloff on Russia invasion of Ukraine. The common Read more…