Daily Pivots: (S1) 1.0265; (P) 1.0290; (R1) 1.0325; More…. EUR/CHF’s rebound from 1.0186 continues today and intraday bias stays on the upside for 1.0369/0400 resistance zone. Firm break there will resume the rebound from 0.9970 Read more…
Major forex pairs are generally stuck inside yesterday’s range as markets await FOMC rate decision. Swiss Franc is the exception, though, as the selloff against Euro spreads to other Franc pairs. Dollar and Canadian are Read more…
US goods and services exports rose 5.6% mom to USD 241.7B in March. Imports rose 10.3% mom to USD 351.5B. Trade deficit widened from USD 89.2B to USD 109.8B, larger than expectation of USD 106.6B. Read more…
“In April, the labor market recovery showed signs of slowing as the economy approaches full employment,” said ADP’s chief economist Nela Richardson. The U.S. economy added far few private sector jobs than expected last month, Read more…
Reporting stock options on your taxes can be tricky. There are many different types of options, with varying tax implications. The underlying principle behind the taxation of stock options is that if you receive income, Read more…
Dow Jones reversed from support level 32460.00 Likely to rise to resistance level 35000.00 Dow Jones recently reversed up from the key support level 32460.00 (which has been reversing the index from the start of Read more…
USDCAD reversed from key resistance level 1.2890 Likely to fall to support level 1.2750 USDCAD recently reversed down strongly from the key resistance level 1.2890 (which has been reversing the price from last August), standing Read more…
Home Depot, the giant home-improvement chain, is looking for innovative ideas to streamline operations and improve customer service. Two weeks ago it was Chipotle. (CMG) – Get Chipotle Mexican Grill, Inc. Report Now it’s Home Depot. Read more…
US ADP private employment grew 247k only in April, well below expectation of 370k. By company size, small businesses lost -120k jobs. Medium businesses added 46k jobs. Large businesses added 321k jobs. By sector goods-producing Read more…
Bulls are taking a breather after a massive 13% advance in past two months cracked psychological 130 barrier but failed to register a monthly close above here. Consolidation should be ideally contained by sideways-turned daily Read more…