Daily Pivots: (S1) 1.3069; (P) 1.3100; (R1) 1.3122; More… Intraday bias in GBP/USD is turned neutral first with 4H MACD crossed below signal line. On the upside, decisive break of 61.8% projection of 1.2298 to Read more…
Gold prices retest $2500/oz ahead of Fed Chair Powell’s Jackson Hole speech. Gold’s rebound in the European session and technical analysis suggest bullish momentum. September rate cuts likely already priced in. What impact will Powell’s Read more…
Daily Pivots: (S1) 1.1085; (P) 1.1125; (R1) 1.1152; More…. EUR/USD is staying in consolidation below 1.1173 and intraday bias remains neutral for the moment. Further rally is expected as long as 1.1046 resistance turned support Read more…
Trading in the forex markets remains muted as investors hold their positions ahead of Fed Chair Jerome Powell’s highly anticipated speech at Jackson Hole. Market participants are keenly focused on any signals regarding the Fed’s Read more…
Illustration by Samar Haddad / The Verge If your Mac suddenly refuses to boot up properly, it can be frustrating — but you don’t have to immediately head to an Apple Store. There are a Read more…
Nvidia shares moved higher in Friday trading as investors looked to the AI-chip maker’s critical second quarter report and a top Wall Street analyst issued a bullish call on its broader tech market impact. The Read more…
Online fast fashion has become all the rage as U.S. consumers seem to be spending their money more wisely amidst a surge in prices, opting for value rather than luxury. The demand for trend-forward apparel Read more…
Canada’s retail sales value fell -0.3% mom to CAD 65.7B in June, matched expectations. Sales were down in four of nine subsectors and were led by decreases at motor vehicle and parts dealers. In volume Read more…
The Japanese yen is in positive territory on Friday. In the European session, USD/JPY is trading at 146.06, down 0.14% on the day. The yen has looked sharp this week, gaining 1% against the struggling Read more…
Bearish Corrective Scenario: Sell positions below 1.3130 with TP1 at 1.3103. Consider TP2: 1.3090, TP3: 1.3076, and TP4: 1.3057 only after a decisive break. Use a stop-loss (S.L.) above 1.3160 or at least 1% of Read more…