AUD/USD’s fall fro 0.6823 extended lower last week and the development indicates short term topping. After the late selloff on Friday, initial bias is now on the downside this week for 38.2% retracement of 0.6348 Read more…
USD/CAD’s rebound from 1.3439 extended higher last week but upside is limited below 1.3617 resistance so far. Initial bias remains neutral this week and further decline remain in favor. On the downside, break of 1.3439 Read more…
GBP/JPY’s decline last week suggests that rebound from 180.00 has completed at 193.45, ahead of 55 D EMA. Initial bias remains on the downside this week for retesting 180.00 low first. Break there will resume Read more…
EUR/JPY’s fall from 163.86 extended lower last week and the development suggests that rebound from 154.40 has completed at 163.86, ahead of 55 D EMA. Initial bias remains on the downside this week for retesting Read more…
The retail sector’s struggles over the last two years led to several major chains filing for bankruptcy protection to reorganize or liquidate and close their businesses. Home decor retailers Bed Bath & Beyond and Tuesday Read more…
Royal Caribbean has dubbed its newest ship, the Oasis-Class Utopia of the Seas, as the “World’s Biggest Weekend.” The party vibe on the ship is amped up compared with other ships in its class, and Read more…
EUR/GBP extended the consolidations from 0.8399 last week and outlook is unchanged. Initial bias remains neutral this week first. While stronger recovery might be seen, outlook will stay bearish as long as 0.8466 resistance holds. Read more…
EUR/AUD’s strong rebound and break of 1.6580 resistance last week suggests that corrective pullback from 1.7180 has completed at 1.6256 already. Initial bias is back on the upside for retesting 1.7180 resistance next. On the Read more…
Investors expressed clear dissatisfaction with last week’s US non-farm payroll report, not much due to a miss in job growth expectations, but data left the size of the upcoming Fed rate cut unsettled, raising fears Read more…
Fewer Americans smoke than at any time in history. “Current smoking has declined from 20.9% (nearly 21 of every 100 adults) in 2005 to 11.5% (nearly 12 of every 100 adults) in 2021,” according to Read more…