Daily Pivots: (S1) 1.1926; (P) 1.1965; (R1) 1.2040; More… Range trading continues in GBP/USD and intraday bias remains neutral. On the downside, break of 1.1759 low will resume larger down trend. Next target is 100% Read more…
Daily Pivots: (S1) 0.9641; (P) 0.9690; (R1) 0.9716; More… USD/CHF’s fall from 0.9884 resumes after brief recovery and intraday bias is back on the downside. Fall from 0.9884 is seen as a falling leg of Read more…
Daily Pivots: (S1) 136.81; (P) 137.84; (R1) 138.39; More… USD/JPY’s pull back from1 39.37 extends lower today and intraday bias stays neutral. Downside of retreat should be contained by 134.73 support. On the upside, break Read more…
Yen surges broadly today, together with Swiss Franc, following resumed decline in benchmark yields in US and Germany. Euro is sold off broadly, as the ECB lift faded, and as pressured by poor PMI data. Read more…
Canada retail sales rose 2.2% mom to CAD 62.2m in May, above expectation of 1.6% mom. That’s the fifth consecutive growth where sales were up in 8 of 11 subsectors. Excluding gasoline stations and motor Read more…
Recession fears, alongside a pointed warnings on social media ad spending, has stocks trading mixed heading into the Friday open. U.S. equity futures pointed to a mixed open on Wall Street Friday, while bond yields Read more…
Twitter said its Q2 revenue slide was linked to “advertising industry headwinds … as well as uncertainty related to the pending acquisition of Twitter by an affiliate of Elon Musk.” Updated at 8:33 am EST Read more…
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“We are determined to improve our operational and financial performance for the second half of the year,” said CEO Hans Vestberg following softer-than-expected second quarter earnings. Verizon Communications (VZ) – Get Verizon Communications Inc. Report posted Read more…
Bundesbank said in its monthly report, “the German economy is likely to have stagnated in spring 2022.” High inflation is having a negative impact on the purchasing power of private households. Also, poor consumer mood due Read more…