Bearish scenario: Shorts below 80.00 with TP1: 79.60, TP2: 79.30, and 78.83 with S.L. above 80.62 or at least 1% of account capital*. Anticipated bullish scenario: Intraday longs above 80.70 with TP: 81.50, TP2: 81.85, and Read more…
The euro is steady on Friday, after sustaining sharp losses a day earlier due to the US inflation report. In the North American session, EUR/USD is trading at 1.0893, up 0.09%. ECB members signal rate Read more…
Daily Pivots: (S1) 1.0858; (P) 1.0907; (R1) 1.0932; More… Intraday bias in EUR/USD remains mildly on the downside at this point. Fall from 1.0980 short term top would target 1.0797 support. Firm break there will Read more…
Daily Pivots: (S1) 0.8795; (P) 0.8819; (R1) 0.8862; More…. Intraday bias in USD/CHF remains mildly on the upside at this point. Consolidation from 0.8884 could have completed with three waves to 0.8728. Further rise should Read more…
Since it dropped its Dollar Menu in 2013, McDonald’s has not really been a value player in the fast-food space. The company has tried various lower-priced options, like its $1 $2 $3 Menu, but the Read more…
Daily Pivots: (S1) 147.71; (P) 148.04; (R1) 148.63; More… Intraday bias in USD/JPY remains on the upside for the moment. Corrective fall from 150.87 could have completed at 146.47 already, after drawing support from 38.2% Read more…
Daily Pivots: (S1) 1.2715; (P) 1.2769; (R1) 1.2807; More… Intraday bias in GBP/USD remains mildly on the downside at this point. Fall from 1.2892 short term top would target 55 D EMA (now at 1.2673). Read more…
Yen’s pull back continues today despite more positive news on wages negotiations in Japan. Remarkably, the currency has undone its gains from last week against all major counterparts, barring the even more beleaguered New Zealand Read more…
Airlines operate in a market that’s dictated by supply and demand: If more people want to fly a specific route than there are available seats, then tickets on those flights cost more. That makes scheduling Read more…
US Empire State Manufacturing Index fell sharply from -2.4 to -20.9 in March, well below expectation of -6.5. Looking at some details, new orders fell from -6.3 to -17.2. Shipments fell from 2.8 to -6.9. Read more…