Welcome to another edition of Forex Friday, a weekly report in which we discuss selected currency themes mainly from a macro viewpoint, but we also throw in a pinch of technical analysis here and there. Read more…
US futures Dow futures -0.4% at 33630 S&P futures -0.5% at 3945 Nasdaq futures -0.5% at 11559 In Europe FTSE -0.27% at 7479 Dax +0.2% at 14337 Core PPI is higher than forecast US stocks Read more…
Daily Pivots: (S1) 136.21; (P) 136.72; (R1) 137.20; More… Intraday bias in USD/JPY remains mildly on the downside for retesting 133.61 low. Firm break there will resume the decline from 151.93. On the upside, above Read more…
Daily Pivots: (S1) 0.9329; (P) 0.9378; (R1) 0.9412; More… Outlook in USD/CHF is unchanged. Intraday bias stays neutral with focus on 0.9325 support. Firm break there will resume larger decline to 0.9287 fibonacci level. On Read more…
Daily Pivots: (S1) 1.0508; (P) 1.0537; (R1) 1.0583; More… Intraday bias in EUR/USD remains neutral and outlook is unchanged. Firm break of 1.0594/0609 resistance zone will carry larger bullish implication. Next near term target is Read more…
Daily Pivots: (S1) 1.2178; (P) 1.2213; (R1) 1.2271; More… Intraday bias in GBP/USD remains neutral. Consolidation from 1.2343 could extend. But further rise remains mildly in favor as long as 1.1898 support holds. On the Read more…
Dollar is trying to recover in early US session, with help from 10-year yield which reclaims 3.5% handle. Yet again there is now clear follow through buying. News flow is slow today, without much surprise Read more…
The electric vehicle maker’s stock is down 51% this year. The end of the year for Tesla is almost the opposite of the start of the year. On January 26, CEO Elon Musk was charting Read more…
Pilots are watching the drones on a map while monitoring them for any issues. The upper screens show live feeds from different landing “nests.” | Image: Wing Wing, the delivery-by-drone company under Alphabet’s umbrella, is Read more…
US PPI for final demand rose 0.3% mom in November, above expectation of 0.1% mom. PPI services rose 0.4% mom while PPI goods rose 0.1% mom. PPI less foods, energy, and trade services rose 0.3% Read more…