Investors know that front-loading of interest rates around the world is only going to bring a potential recession – and therefore interest rate cuts – sooner. Following back-to-back gains at the back end of last Read more…
Daily Pivots: (S1) 135.11; (P) 136.54; (R1) 137.50; More… Intraday bias in USD/JPY stays neutral at this point. On the downside, firm break of 134.73 will confirm short term topping, on bearish divergence condition in Read more…
Daily Pivots: (S1) 0.9575; (P) 0.9640; (R1) 0.9679; More… Outlook in USD/CHF is unchanged and intraday bias stays on the downside. Fall from 0.9884 is seen as a falling leg of the consolidation from 1.0063. Read more…
Daily Pivots: (S1) 1.0146; (P) 1.0201; (R1) 1.0271; More… Intraday bias in EUR/USD remains neutral as range trading continues. Further rise is in favor as long as 1.0118 minor support holds. Above 1.0277 minor resistance Read more…
The U.S. economy is likely in recession. Or maybe it isn’t. We may not know for several months, but the debate will continue. The world’s biggest economy shrank for a second consecutive quarter over the Read more…
Daily Pivots: (S1) 1.1929; (P) 1.1996; (R1) 1.2076; More… GBP/USD’s break of 1.2055 minor resistance confirms short term bottoming at 1.1759, on bullish convergence condition in 4 hour MACD. Intraday bias is back on the Read more…
Overall sentiment appears to be positive in very quiet trading today. Major European indexes are trading higher while US and Germany benchmark yields are recovering mildly. Aussie is leading commodity currencies higher, as well as Read more…
This week we welcome Cristián Maureira-Fredes (@cmaureir) as our PyDev of the Week! Cristián is a core developer on the Qt for Python project (AKA PySide6). You can catch up with Cristián on GitHub or Read more…
A quiet start to what will otherwise be a lively week in financial markets with particular focus on the US as the Fed meets Wednesday and big tech report earnings. Stock markets are modestly in Read more…
The yen is lower at the start of the week. USD/JPY is trading at 136.53, up 0.34%. For a change, the yen enjoyed a winning week against the dollar, the first in two months. During Read more…