Daily Pivots: (S1) 0.9088; (P) 0.9115; (R1) 0.9135; More…. No change in USD/CHF’s outlook as consolidation from 0.9151 is extending. While deeper pullback cannot be ruled out, further rally is expected as long as 0.8996 Read more…
Daily Pivots: (S1) 154.11; (P) 154.43; (R1) 154.71; More… Intraday bias in USD/JPY remains neutral for the moment. Considering bearish divergence condition in 4H MACD, in case of another rise, upside should be limited by Read more…
The forex markets are still generally staying in consolidative mode today, showing minimal reaction to the latest economic data and comments from central bank officials. Commodity currencies, along with Swiss Franc, are displaying relative strength. Read more…
Updated at 9:42 AM EDT Netflix shares edged lower in early Thursday trading, trimming some of the stock’s $53 billion year-to-date advance, as investors looked to the streaming giant’s first-quarter earnings update after the closing Read more…
US initial claims was unchanged at 212k in April 13, slightly below expectation of 214k. Four-week moving average of initial claims was also unchanged at 214.5k. Continuing claims rose 2k to 1812k in the week Read more…
United Airlines (UAL) has just warned investors that Boeing’s continued safety issue with its 737 Max 9 aircraft fleet has cost the airline millions of dollars in profits and has forced it to significantly shrink Read more…
Bundesbank, in its latest monthly report, suggested some improvement in the German economy though underlying weaknesses remain. The report notes, “Germany’s economic situation has brightened somewhat, but it remains weak at its core,” signaling uncertainty Read more…
Huge retail chains such as Target (TGT) , Walmart (WMT) and Walgreens Boots Alliance (WBA) since the Covid pandemic have closed some of their stores for a variety of reasons, but financial distress leading to Read more…
BTCUSD falls temporarily below 60,000 ahead of halving Momentum indicators point to intensifying downside pressures BTCUSD (Bitcoin) experienced a strong pullback following the formation of a triple top pattern, sliding below its 50-day simple moving average (SMA). Meanwhile, the Read more…
AUDJPY prints higher highs and higher lows above uptrend line MACD and RSI detect positive momentum A break above 100.80 will confirm a higher high For the outlook to change, a break below 95.80 may Read more…