Daily Pivots: (S1) 0.8971; (P) 0.8990; (R1) 0.9007; More… Intraday bias in USD/CHF remains on the upside at this point, for channel resistance (now at 0.9034). Fall from 0.9223 might have completed as a three-wave Read more…
Daily Pivots: (S1) 1.2623; (P) 1.2642; (R1) 1.2665; More… Intraday bias in GBP/USD remains neutral at this point. On the upside, firm break of 1.2702 resistance will argue that pull back from 1.2859 has completed, Read more…
Gold rises as a weaker US Dollar and uncertainty around monetary policy continues. ISM data later today before all attention turns to US jobs data later in the week. Trendline break and price action hint Read more…
USDJPY rose further on Monday, signaling continuation after bulls paused for consolidation on Thu/Fri. Although traders remain cautious over looming intervention, after Japanese authorities reiterated their stance of intervening again to support weakening yen, bulls Read more…
US ISM Manufacturing PMI fell from 48.7 to 48.5 in June, missed expectation of 49.3. That’s the third month of contraction reading. Looking at some details, new orders rose from 45.4 to 49.3. Production fell Read more…
Some Las Vegas residencies sort of never end. Donny Osmond and Wayne Newton, for example, seem to be performing in perpetuity at Caesars Harrah’s and Flamingo respectively. Other performers sign up for a residency with Read more…
Transcript: CONWAY GITTENS: I’m Conway Gittens reporting from the New York Stock Exchange. Here’s what we’re watching on TheStreet today. Stocks are coming off a solid quarter as Wall Street kicks off the second half of Read more…
While many travelers immediately associate the name Spirit with the budget airline Spirit Airlines (SAVE) , this is also the name of a Kansas-based company that manufactures plane parts such as cockpit fuselages and wing Read more…
Daily Pivots: (S1) 1.0692; (P) 1.0708; (R1) 1.0731; More…. EUR/USD edged higher to 1.0775 earlier today but failed to break through 55 D EMA (now at 1.0773) and retreated. Intraday bias stays neutral first. On Read more…
Euro has seen a notable rebound as the new week commenced, though the lack of follow-through buying momentum is evident. The initial results from French parliamentary elections were not as dire as investors had feared. Read more…