The USDJPY rises on Thursday, confirming reversal signaled by a hammer candle on Tuesday, after Wednesday’s Doji questioned fresh bulls. Bounce from correction low at 137.38 so far retraced over 61.8% of a shallow 139.39/137.38 Read more…
Momentum is clearly pointing lower for gold, but we’re keeping an eye on the monthly charts as we head into August due to a potential level of support. Gold has fallen below $1700 for the Read more…
United Airlines CEO Scott Kirby said the carrier faces rising fuel price and recession risk as well as “industry-wide operational challenges” that could challenge its profits over the next six to eighteen months. United Airlines Read more…
Stock futures edge lower with ECB rate decision in focus; Tesla jumps after Q2 earnings beat, 2022 delivery target pledge; United Airlines slides after Q2 earnings miss as fuel, staffing costs surge; Carnival slumps after Read more…
How long does forever last? Just over a year, if you’re Elon Musk. Tesla has indicated in its quarterly report that it has sold three-quarters of its Bitcoins, citing uncertainty. The past selling does not Read more…
Daily Pivots: (S1) 165.10; (P) 165.68; (R1) 166.21; More… Further rise is mildly in favor in GBP/JPY with 163.54 minor support intact. Consolidation from 168.67 should have completed with three waves to 160.37. Further rally Read more…
Daily Pivots: (S1) 140.15; (P) 141.04; (R1) 141.65; More…. Further rise is still in favor in EUR/JPY with 139.68 minor support intact. Consolidation pattern from 144.23 should have completed with three waves to 136.85. Further Read more…
Daily Pivots: (S1) 0.8481; (P) 0.8510; (R1) 0.8528; More… Intraday bias in EUR/GBP remains neutral first. On the upside break of 0.8552 resistance will suggest that pull back from 0.8720 has completed. That will also Read more…
Daily Pivots: (S1) 1.4737; (P) 1.4794; (R1) 1.4836; More… Intraday bias in EUR/AUD stays neutral at this point. On the downside, decisive break of 1.4759 support should confirm that corrective rise from 1.4318 has completed Read more…
Daily Pivots: (S1) 0.9863; (P) 0.9904; (R1) 0.9931; More…. EUR/CHF is still staying in range below 0.9953 minor resistance. Intraday bias remains neutral first. On the upside, break of 0.9953 minor resistance will suggest short Read more…