The Australian dollar strengthened notably against the US dollar, with the AUD/USD pair reaching 0.6684. Australia’s May economic indicators from MI remained unchanged at zero compared to the previous value. Meanwhile, Australia’s weighted average consumer Read more…
Cruise lines, at least those operating outside the luxury space, often list prices as “starting at.” That’s a fairly deceptive practice because you can’t actually book a cruise at the price shown in the advertisement. Read more…
Daily Pivots: (S1) 1.0689; (P) 1.0716; (R1) 1.0742; More…. EUR/USD is still bounded in consolidation from 1.0667 and intraday bias remains neutral. Outlook stays bearish with 1.0760 resistance intact. Decline from 1.0915 is seen as Read more…
Updated at 9:45 AM EDT Rivian Automotive shares soared higher Wednesday, potentially adding more than $4 billion in value to the electric-truck maker, after it reached a joint venture and investment agreement with German giant Read more…
Daily Pivots: (S1) 1.2666; (P) 1.2685; (R1) 1.2704; More… GBP/USD is staying above 1.2622 temporary low despite today’s decline. Intraday bias stays neutral first. Further fall is expected as long as 1.2739 resistance holds. Break Read more…
Daily Pivots: (S1) 0.8923; (P) 0.8938; (R1) 0.8964; More… Intraday bias in USD/CHF stays neutral at this point. Near term outlook will stay bearish with 0.8992 resistance intact. Below 0.8912 minor support will bring retest Read more…
Daily Pivots: (S1) 159.33; (P) 159.55; (R1) 159.90; More… Intraday bias in USD/JPY is back on the upside as recent rally resumed through 159.92 temporary top after brief consolidations. Decisive break of 100% projection of Read more…
Yen is drawing significant attention again today as it plummeted past the crucial 160 mark against Dollar, and hit its lowest level in over 37 years. Market participants are vigilantly watching for any signs of Read more…
Speaking today, ECB Governing Council member Fabio Panetta noted that the current macroeconomic conditions support “normalization of the monetary stance.” He added that ECB initiated this process recently and, under the “baseline scenario,” intends to Read more…
Gold continues its decline with $2300/oz firmly back in sight. US Dollar index and US 10Y yield continue to rise, US 10Y now at 4.275%. PCE inflation data could be the catalyst needed for gold Read more…