The railroad strike was averted 24 hours before the deadline, ‘an important win for our economy and the American people,’ President Biden says. Railroad unions agreed to a deal, averting a massive strike that would Read more…
Long-awaited Ethereum platform software update went smoothly. “We Merged”; “Merged.” These were two of the trending hashtags on the social network Twitter, hours after the historic software update of ethereum, the blockchain that expanded bitcoin. Read more…
Samsung’s Galaxy A range is a dominant force among budget Android devices. It competes with the likes of the Google Pixel A and iPhone SE series in the mid-range while dominating the lower end with Read more…
According to a new Eurostat publication, the eurozone’s seasonally adjusted foreign trade deficit widened to 40bn in July. Since last October, the region has found itself in the unfamiliar role of a net importer. That Read more…
Retail sales were up 0.3% month-on-month (m/m) in August – above the consensus forecast (-0.1% m/m) – and higher than the flat reading in July. Sales at autos & parts dealers were the major contributor Read more…
Daily Pivots: (S1) 0.9949; (P) 0.9986; (R1) 1.0017; More… Intraday bias in EUR/USD stays mildly on the downside at this point. Deeper fall could be seen to retest 0.9863 low first. Firm break there will Read more…
Daily Pivots: (S1) 1.1483; (P) 1.1537; (R1) 1.1593; More… Intraday bias in GBP/USD stays neutral and outlook remains bearish. On the downside, decisive break of 1.1404/9 will resume larger down trend. Next target is 61.8% Read more…
Daily Pivots: (S1) 0.9596; (P) 0.9617; (R1) 0.9644; More Intraday bias in USD/CHF stays neutral for the moment. The pair is still in corrective pattern from 1.0063. Below 0.9478 will extend the fall from 0.9868 Read more…
Daily Pivots: (S1) 142.17; (P) 143.56; (R1) 144.57; More… Range trading continues in USD/JPY and intraday bias stays neutral first. While deeper retreat cannot be ruled out, downside should be contained by 139.37 resistance turned Read more…
Dollar is staying largely in range after mixed retail sales data from the US. Today’s focus turns to selloff in Sterling, in particular against Swiss Franc and Euro. Yen weakens mildly after yesterday’s rebound quickly Read more…