“In the (hopefully unlikely) event that Twitter forces this deal to close *and* some equity partners don’t come through, it is important to avoid an emergency sale of Tesla stock,” Musk said. Tesla (TSLA) – Read more…
Stock futures edge higher as July inflation reading looms; Gas prices key for July inflation pullback; Tesla holds gains as Elon Musk unloads $6.9 billion in shares; Coinbase slumps after wider Q2 loss amid bitcoin Read more…
Daily Pivots: (S1) 162.65; (P) 163.17; (R1) 163.70; More… Intraday bias in GBP/JPY stays neutral for the moment. Consolidation from pattern from 168.67 could extend further. On the upside, above 163.97 will turn bias to Read more…
Daily Pivots: (S1) 137.44; (P) 137.87; (R1) 138.48; More…. Intraday bias in EUR/JPY remains on the upside as rebound from 133.38 is still in progress. Sustained trading above 55 day EMA (now at 138.44) will Read more…
Daily Pivots: (S1) 0.8437; (P) 0.8450; (R1) 0.8471; More… Outlook in EUR/GBP stays bearish as long as 0.8585 resistance holds, even stronger recovery cannot be ruled out. On the downside, break of 0.8338 will resume Read more…
Daily Pivots: (S1) 1.4603; (P) 1.4646; (R1) 1.4712; More… Intraday bias in EUR/AU stays neutral as sideway trading continues. While stronger recovery cannot be ruled out, upside should be limited below 1.4910 resistance to bring Read more…
Daily Pivots: (S1) 0.9724; (P) 0.9745; (R1) 0.9764; More…. Range trading continues in EUR/CHF and intraday bias remains neutral. On the downside, firm break of 0.9697 will resume larger down trend to 0.9650 long term Read more…
USDJPY has been gaining some ground in the short-term after its latest decline came to a halt at the 130.40 region. However, the recent price recovery has been repeatedly held down by the ascending 50-day simple Read more…
Market volatility has eased in the lead up to today’s highly anticipated US CPI data. The VIX index has moderated closer to 20, which is notably below the mid-30s peaks it has witnessed on multiple Read more…
Daily Pivots: (S1) 1.0186; (P) 1.0217; (R1) 1.0244; More… Intraday bias in EUR/USD remains neutral at this point. On the downside, break of 1.0095 minor support will argue that larger down trend is ready to Read more…