WTI oil remains at the back foot and extends weakness to one-week low ($92.88) on Monday. Oil prices are weighed by growing demand concerns as the US central bank is expected to make another big Read more…
The USDJPY is consolidating in early Monday after strong bearish acceleration last Thu/Fri that extended pullback from new 24-year high to two-week low (135.57). Friday’s close below initial Fibo support at 136.31 (23.6% of 126.36/139.39 Read more…
Traders have made their views on the euro and the underlying economy quite apparent, with net-short exposure falling to its most bearish level since March 2020. Whilst traders remain heavily net-short Japanese yen futures, we’ve Read more…
Illustration by Alex Castro / The Verge Apple has settled its lawsuit with Chicago over the city’s so-called “Netflix tax,” according to a report from The Hollywood Reporter. The tax placed a 9 percent levy Read more…
ECB Governing Council member Martins Kazaks said that even after last week’s 50bps hike, stronger rate hikes may not be over. “I would not say that this was the only front-loading,” Kazaks said. “I would Read more…
Germany Ifo Business Climate Dropped from 92.2 to 88.6 in July, below expectation of 90.5. That’s the lowest level since June 2020. Current Assessment index dropped from 99.4 to 97.7, below expectation of 98.2. Expectations Read more…
Daily Pivots: (S1) 162.55; (P) 163.85; (R1) 164.69; More… Intraday bias in GBP/JPY remains mildly on the downside at this point. Corrective pattern from 168.67 is extending with another falling leg. Initial bias is mildly Read more…
Daily Pivots: (S1) 138.26; (P) 139.48; (R1) 140.17; More…. Intraday bias in EUR/JPY stays mildly on the downside at this point. Corrective pattern from 144.23 is extending with another falling leg. Deeper decline would be Read more…
Daily Pivots: (S1) 0.8485; (P) 0.8507; (R1) 0.8528; More… Intraday bias in EUR/GBP stays neutral for the moment. Further rise will remain mildly in favor as long as 0.8456 minor support holds. Above 0.8585 will Read more…
Daily Pivots: (S1) 1.4676; (P) 1.4722; (R1) 1.4792; More… Further decline is expected in EUR/AUD as long as 1.4910 minor resistance holds. As noted before, corrective rise from 1.4318 should have completed at 1.5396, after Read more…