AUD/USD’s rebound from 0.6361 continued last week despite interim pull back. Breach of 0.6643 resistance affirms the case that fall from 0.6870 has completed with three waves down to 0.6361. Initial bias stays on the Read more…
USD/CAD’s correction from 1.3845 extended to 1.3608 last week, but recovered after drawing support from 55 D EMA (now at 1.3616). Initial bias is neutral this week first. Strong rebound from current level, followed by Read more…
The growth of sports betting in the United States has come with several issues. Outside of the obvious — that more Americans are gambling at irresponsible levels — there are also regulatory issues that have Read more…
Is it too late for the media to get it together? At least when it comes to competing with big tech, that answer is a resounding ‘yes,’ according to Recode’s Kara Swisher. The Burn Book Read more…
GBP/JPY reversed after rising to 200.53 last week and fell sharply since then. Initial bias remains on the downside this week. Sustained break of 55 D EMA (now at 191.34) will extend the fall from Read more…
EUR/JPY reversed after initial rise to 171.58 last week and fell sharply. Initial bias remains on the downside this week. Sustained break of 55 D EMA (now at 163.94) will extend the fall from 171.58 Read more…
EUR/GBP’s rebounded strongly last week after initial fall to 0.8529. Initial bias remains neutral this week with focus on 0.8582 resistance. Further decline is expected as long as 0.8582 resistance holds. Below 0.8529 will target Read more…
EUR/AUD’s fall from 1.6742 continued last week despite interim strong rebound. Initial bias stays on the downside this week. This decline is seen as the third leg of the corrective pattern from 1.7062. Further fall Read more…
EUR/CHF’s rebound from 0.9563 should have completed at 0.9835 last week after rejection by 0.9847 resistance. Initial bias stays on the downside this week. Fall from 0.9835 is seen as the third leg of the Read more…
The trucking industry has faced significant financial distress since the Covid-19 pandemic ended. Higher costs from increased interest rates and rising inflation cut into shipping company profits and competition tightened as trucking demand declined. Smaller Read more…