Daily Pivots: (S1) 1.0130; (P) 1.0175 (R1) 1.0207; More… EUR/USD falls to as low as 1.0070 so far and met 1.0090 long term projection level. Intraday bias stays on the downside. Firm break of 1.0090 Read more…
Daily Pivots: (S1) 1.1945; (P) 1.1987; (R1) 1.2066; More… Intraday bias in GBP/USD stays neutral, and more consolidations could be seen above 1.1874. Outlook stays bearish as long as 1.2405 resistance holds. On the downside, Read more…
Daily Pivots: (S1) 0.9699; (P) 0.9724; (R1) 0.9766; More… USD/CHF’s break of 0.9731 resistance now suggests that consolidation pattern from 1.0063 has completed with three waves down to 0.9493. Intraday bias is back on the Read more…
Daily Pivots: (S1) 135.62; (P) 135.92; (R1) 136.29; More… USD/JPY recovers but stays below 136.99 resistance. Intraday bias remains neutral first. On the upside, sustained break of 136.99 will resume larger up trend to 100% Read more…
Dollar rises in early US session after stronger than expected non-farm payroll data. It’s also supported by extended rebound in 10-year yield, which reclaims 3%. Euro also follows German yield higher. On the other hand, Read more…
The company has a hit with its Star Wars hotel so its taking the famed science fiction brand to new places. When Walt Disney (DIS) – Get The Walt Disney Company Report spent $4 billion Read more…
Canada employment dropped -43k, or -0.2% in June, much worse than expectation of 20k growth. Services-producing jobs dropped -76k while goods-producing jobs rose 33k. Unemployment rate dropped from 5.1% to 4.9%, below expectation of 5.1%. Read more…
US non-farm payroll employment rose 372k in June, well above expectation of 250k. That’s in line with the average monthly gain over the prior three months at 383k. Total non-farm employment was still down by Read more…
The U.S. economy added much more-than-expected new jobs in June, the Labor Department said Friday, cementing the case for Fed rate hikes and challenging threats of a near-term recession. The U.S. economy added more than Read more…
The German automaker seeks to attract Chinese consumers. Herbert Diess really wants to connect with China. The Volkswagen (VWAGY) – Get Volkswagen AG ADR Report CEO plans on cranking up the tech to get a piece Read more…