Daily Pivots: (S1) 1.0534; (P) 1.0554; (R1) 1.0584; More… EUR/USD is recovering after hitting 1.0522 support, but stays well below 1.0693 resistance. Intraday bias stays neutral first. On the downside, break of 1.0522 support will Read more…
Daily Pivots: (S1) 1.2085; (P) 1.2112; (R1) 1.2155; More No change in GBP/USD’s outlook as consolidation from 1.2036 is still extending. Intraday bias remains neutral and further decline is in favor. On the downside, decisive Read more…
Five things you need to know before the market opens on Thursday October 27 Stocks remained flat after the September PCE report dropped, showing inflation that was slightly hotter than investors expected. 1. — Stock Read more…
Daily Pivots: (S1) 0.8960; (P) 0.8983; (R1) 0.9011; More…. Break of 0.9000 minor resistance indicates short term bottoming at 0.8886. Intraday bias is back on the upside for 0.9086 resistance first. Firm break there will Read more…
Daily Pivots: (S1) 149.91; (P) 150.34; (R1) 150.85; More… Intraday bias in USD/JPY is turned neutral with break of 149.84 minor support. Some consolidations would be seen first. But near term outlook will stay bullish Read more…
As the week draws to a close, the Japanese Yen is exhibiting signs of a tentative comeback, with USD/JPY retreating back below the significant 150 mark. Dollar’s response to the latest US personal income and Read more…
Several days after the California Department of Motor Vehicles announced that it was revoking General Motors’ (GM) – Get Free Report license to operate its driverless Cruise vehicles, the company said that it is halting its driverless Read more…
US personal income rose 0.3% mom or USD 77.8B in September, below expectation of 0.4%. Personal spending rose 0.7% mom or USD 138.7B, well above expectation of 0.4% mom. PCE price index rose 0.4% mom, Read more…
At the conclusion of a tough week for Big Tech earnings that saw a tech selloff and pushed the major indices into the red, Amazon (AMZN) – Get Free Report and Intel (INTC) – Get Read more…
Just a day before Ford (F) – Get Free Report reported its third-quarter earnings, the United Auto Workers union announced a conclusion to its Ford strike after reaching a tentative agreement with the automaker. The Read more…