Shares of Tesla slumped sharply following the company’s earnings report and conference call Wednesday, Oct. 18. The company’s stock dipped more than 6% in after-hours trading amid an earnings miss and macroeconomic fears cited by Read more…
Daily Pivots: (S1) 0.8664; (P) 0.8676; (R1) 0.8692; More…. EUR/GBP’s break of 0.8704 resistance confirms resumption of rise from 0.8491. The development also carries larger bullish implications. Intraday bias is back on the upside for Read more…
Daily Pivots: (S1) 149.63; (P) 149.79; (R1) 150.08; More… Range trading continues in USD/JPY and intraday bias stays neutral. On the downside, below 148.24 minor support will turn bias to the downside for another down Read more…
Daily Pivots: (S1) 0.8958; (P) 0.8987; (R1) 0.9021; More…. No change in USD/CHF’s outlook as focus stays on 38.2% retracement of 0.8551 to 0.9243 at 0.8979. Sustained break there will extend the fall from 0.9243 Read more…
Daily Pivots: (S1) 1.2115; (P) 1.2163; (R1) 1.2189; More Intraday bias in GBP/USD remains neutral for the moment. Consolidation from 1.2026 is still extending, and outlook stays bearish with 1.2336 resistance intact. On the downside, Read more…
Airlines price their flights based on demand with less desirable flights being cheaper. Most customers like flying during business hours. If you schedule your flight between 9 a.m. and 5 p.m. you don’t have to Read more…
Daily Pivots: (S1) 1.0508; (P) 1.0551; (R1) 1.0579; More… EUR/USD is still extending sideway trading between 1.0447 and 1.0639 and intraday bias stays neutral. Near term outlook stays bearish with 1.0639 resistance intact. On the Read more…
The global markets today are abuzz with the rapid rise of US benchmark treasury yields. Market pundits are keeping a keen eye on 10-year yield, which, given its present momentum, is poised to touch 5% Read more…
US initial jobless claims fell -13k to 198k in the week ending October 14, below expectation of 210k. Four-week moving average of initial claims dropped -1k to 206k. Continuing claims rose 29k to 1743k in Read more…
The Australian dollar has extended its losses on Thursday. In the North American session, AUD/USD is trading at 0.6312, down 0.37%. Australia’s labour market had a disappointing September, with only 6,700 jobs created. This was Read more…