Markets Another empty daily calendar left investors to their own devices with central bank meetings in Hungary (-25 bps to 6.75%, as expected) and Turkey (unchanged at 50%, cfr. infra) offering some distraction in non-core Read more…
Last week, the dollar index regained some of its losses from the previous four weeks, but technically, it looks like short-term profit-taking by sellers before a new downward momentum. The US dollar has been under Read more…
Daily Pivots: (S1) 156.37; (P) 156.99; (R1) 157.69; More… No change in USD/JPY’s outlook as range trading continues. Intraday bias stays neutral and further decline is expected with 158.85 resistance intact. Below 155.36 will target Read more…
Daily Pivots: (S1) 0.8878; (P) 0.8890; (R1) 0.8909; More… Intraday bias in USD/CHF is back on the upside with break of 0.8914 support turned resistance. Further rally should be seen to 55 D EMA (now Read more…
Daily Pivots: (S1) 1.2912; (P) 1.2927; (R1) 1.2949; More… GBP/USD is still holding above 1.2859 resistance turned support and intraday bias remains neutral. Further rally is expected for now. Break of 1.3043 will resume the Read more…
Market breadth indicators (% of component stocks above 20-day & 50-day moving averages) have increased to above 50%. Short-term bullish momentum condition sighted at the retest of its 50-day moving average. Watch the 19,520 key Read more…
Alphabet shares bumped higher in early Tuesday trading as investors looked to the tech giant’s second quarter earnings, slated for after the closing bell, to provide a key update on the billions it’s spending to Read more…
Just because you have a well-known brand name does not make you immune to the recent upheaval in the restaurant business. The Covid pandemic caused a number of changes to how Americans eat and even Read more…
Daily Pivots: (S1) 1.0875; (P) 1.0889; (R1) 1.0905; More….. EUR/USD’s break of 1.0871 support suggests that a short term top was already formed at 1.0947, on bearish divergence condition in 4H MACD. Intraday bias is Read more…
Japanese Yen continues to stand out as the strongest currency, in another day with a lackluster economic calendar. However, it’s Dollar that’s capturing market interest as markets enter into US session, where it has shown Read more…