Daily Pivots: (S1) 0.8625; (P) 0.8643; (R1) 0.8669; More…. Intraday bias in USD/CHF is back on the upside as rise from 0.8413 resumed by breaking through 0.8710. Focus is now on 38.2% retracement of 0.9223 Read more…
Most have heard the story of investment banker Steven Rothstein buying the American Airlines (AAL) AirPass in 1987 for $250,000 and, before the airline finally cut him off, spending the next 25 years milking it for all Read more…
Retail sales rose 1.0% for the month of July. That was much higher than the consensus forecast calling for a more moderate increase of 0.4%. However, June’s figure was revised downward to -0.2% month/month (previously Read more…
Daily Pivots: (S1) 1.2806; (P) 1.2838; (R1) 1.2857; More… Intraday bias in GBP/USD is turned neutral with current retreat and some consolidations would be seen below 1.2872 temporary top. But further rise is in favor Read more…
It was red for Chipotle stock and green for Starbucks, just like their logo colors, when a man left spicy for caffeine. Starbucks stock soared 24% on August 13 when it announced it had poached Read more…
Daily Pivots: (S1) 1.0981; (P) 1.1014; (R1) 1.1046; More….. Intraday bias in EUR/USD is turned neutral with current steep retreat. Some consolidations would be seen first. But another rally is in favor as long as Read more…
The US markets reacted positively today to stronger-than-expected retail sales data, which posted its fastest growth in a year and a half. Additionally, better-than-expected jobless claims numbers helped alleviate concerns about weaknesses in the employment Read more…
US initial jobless claims fell -7k to 227k in the week ending August 10, lower than expectation of 239k. Four-week moving average of initial claims fell -4.5k to 236.5k. Continuing claims fell -7k to 1864k Read more…
US retail sales rose 1.0% mom to USD 709.7B in July, above expectation of 0.3% mom. Ex-auto sales rose 0.4% mom to USD 576.1B, above expectation of 0.1% mom. Ex-gasoline sales rose 1.0% mom to Read more…
The market seems to be focused now on growth-related macro data rather than inflation risk. Another softer US retail sales may spark another recession aka hard-landing fear. The rise of the VVIX / VIX ratio Read more…