Markets Markets spent most of their time awaiting corporate (Nvidia results after-market) and economic (European inflation numbers from tomorrow on and US PCE deflators on Friday) events today. Core bond yields drifted a few basis Read more…
The euro is sharply lower on Wednesday. In the European session, EUR/USD is trading at 1.1116 at the time of writing, down 0.60% on the day. There are no tier-1 events on today’s data calendar Read more…
Las Vegas headliner residencies eventually have an end date, although there are a few current shows that never seem to end. Penn & Teller’s magic, illusion and comedy act is currently the longest running show Read more…
Consumers often say they want healthier foods — which sounds nice and they might believe it, but they might not do what they say. It’s a lot like people joining a gym or buying exercise equipment with Read more…
NZDUSD is up almost 5% so far in August Further gains are likely, but risk of near-term correction is high NZDUSD is trading near seven-month highs on Wednesday, as the pair continues its August bull Read more…
Daily Pivots: (S1) 143.52; (P) 144.35; (R1) 144.78; More… For now, further decline is still in favor in USD/JPY with 146.47 resistance intact, to retest 141.67 low. Firm break there will resume the whole fall Read more…
Daily Pivots: (S1) 0.8388; (P) 0.8437; (R1) 0.8464; More….. Intraday bias in USD/CHF remains on the downside for the moment. Fall from 0.9223 is resuming and should target 61.8% projection of 0.9049 to 0.8431 from Read more…
Daily Pivots: (S1) 1.3205; (P) 1.3236; (R1) 1.3291; More… A temporary top is formed at 1.3265 in GBP/USD with current retreat. Intraday bias is turned neutral for consolidations first. Downside of retreat should be contained Read more…
Daily Pivots: (S1) 1.1160; (P) 1.1175; (R1) 1.1200; More…. EUR/USD’s retreat from 1.1200 extends lower today, but stays well above 1.1007 resistance turned support. Intraday bias remains neutral first and further rally is still in Read more…
Euro is facing significant selling pressure today, with its recent decline gaining momentum. Fresh data from ECB paints a grim picture: bank lending growth in July was notably sluggish, failing to meet even historical averages. Read more…