Markets: The Israel-Hamas conflict dominates headlines today, but the market impact is constraint for now. With Japan and the US closed, traded volumes are low though, suggesting to wait at least tomorrow’s action before drawing Read more…
In the lead-up to its third-quarter earnings report, Tesla (TSLA) – Get Free Report reported production and delivery numbers last week, falling short of Wall Street expectations. The electric vehicle leader reported 435,000 deliveries, compared Read more…
Simply being a disruptor does not guarantee success for a business. Just because a company shakes up the status quo does not mean that it will succeed. Many digital pioneers have identified problems in old-school Read more…
The US 500 cash index jumped decisively higher on Friday The index bounced off the October 13, 2022 trendline The momentum indicators could be close to supporting a reversal The US 500 cash index is Read more…
German Industrial Production declines for fourth straight month The euro has started the week with losses. In the European session, EUR/USD is trading at 1.0527, down 0.57%. Germany’s industrial production declines German industrial production declined Read more…
The principal currency pair, EUR/USD, is experiencing a decline as the week commences, predominantly driven by heightened risk aversion in the market. As of Monday morning, the currency pair’s quotations are closely aligned with the Read more…
Daily Pivots: (S1) 1.0513; (P) 1.0556; (R1) 1.0630; More… EUR/USD is staying in consolidation from 1.0447 and intraday bias remains neutral at this point. On the upside, firm break of 1.0616 resistance will confirm short Read more…
Daily Pivots: (S1) 1.2143; (P) 1.2202; (R1) 1.2298; More Intraday bias in GBP/USD remains neutral as consolidation from 1.2036 is still extending. On the upside, firm break of 1.2270 resistance will confirm short term bottoming. Read more…
Daily Pivots: (S1) 148.58; (P) 149.06; (R1) 149.76; More… USD/JPY is extending the consolidation form 150.15 and intraday bias stays neutral for the moment. On the downside, below 148.24 minor support will turn bias to Read more…
Daily Pivots: (S1) 0.9056; (P) 0.9116; (R1) 0.9159; More…. No change in USD/CHF’s outlook as intraday bias stays mildly on the downside. Correction from 0.9243 would target 38.2% retracement of 0.8551 to 0.9243 at 0.8979. Read more…