Daily Pivots: (S1) 1.3777; (P) 1.3818; (R1) 1.3849; More… USD/CAD’s rally resumed after brief consolidations and intraday bias is back on the upside. Current rise is part of the whole rally from 1.3176 and next Read more…
Safe haven currencies are dominating the market as the steep selloff in the US extended into Asian trading, with Nikkei down more than -5%. Poor US manufacturing data released overnight has intensified investor concerns about Read more…
Key Highlights USD/JPY declined heavily and even traded below 150.00. A connecting bearish trend line is forming with resistance at 151.80 on the 4-hour chart. EUR/USD could extend losses below the 1.0820 level. Gold gained Read more…
US benchmark 10-year yield plummeted overnight, breaking below 4% mark for the first time since February, signaling heightened investor anxiety. This sharp decline came amidst a broad market sell-off, with DOW dropping nearly -500 points, Read more…
Key insights from the week that was. In Australia, the Q2 CPI reported a 1.0% (3.8%yr) gain in headline inflation and a 0.8% (3.9%yr) lift in underlying trimmed mean inflation, the latter a material downside Read more…
RBA set to keep rates on hold despite elevated inflation But latest CPI report raises hope that price pressures are easing A dovish pivot on Tuesday (07:30 GMT) could further devastate the aussie Lack of Read more…
Hello traders, welcome to another blog post. Today, we will examine WTI Crude Oil Futures (CL). The commodity experienced a sell-off in July 2024. How much lower can it go? And how can traders find Read more…
Silviano Trino’s new lungs breathed for 11 hours in TransMedics Group’s (TMDX) lung machine before they got transplanted into his body. The lungs traveled from the Midwest to Texas and were preserved in TransMedics’ OCS Read more…
Wayfair is facing some unexpected financial headwinds, and its CEO, Niraj Shah, is calling out the source of the problem. The home goods company recently revealed in its second-quarter earnings report for 2024 that its Read more…
Most products cost more than they ever have before. The higher the prices of the major products we rely on in our daily lives — things like cars, refrigerators, computers, and security systems — the Read more…