US ISM Manufacturing PMI declined from 47.2 to 46.5 in October, falling short of the expected 47.6 and marking its lowest level since July 2023. This contraction is the index’s 23rd in the past 24 Read more…
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While Southwest Airlines (LUV) has been flying since 1971, the Dallas carrier only recently introduced redeye flights. That decision came down both to an old-school reservations system that did not allow for flights that took off Read more…
Non-farm employment rose a meager 12k in October, well below the consensus forecast calling for a gain of 100k. Job gains over the two prior months were revised lower by 112k. The Bureau of Labor Read more…
Dollar saw broad-based weakness in early US session following a much weaker-than-expected non-farm payroll report. Headline job growth came in well below forecasts, though market reaction remains tempered, as the data is widely believed to Read more…
Image: Alex Parkin / The Verge You just left your house. As you peel out of the driveway and tear down the street in the coolest way possible, your garage door… well, what does it Read more…
Daily Pivots: (S1) 151.39; (P) 152.49; (R1) 153.14; More… USD/JPY is still extending the consolidation pattern from 153.87 and intraday bias remains neutral. Deeper retreat cannot be ruled out but further rally is expected as Read more…
Daily Pivots: (S1) 0.8622; (P) 0.8646; (R1) 0.8659; More… USD/CHF is still extending consolidation from 0.8699 and intraday bias remains neutral. Further rally remains in favor as long as 55 D EMA (now at 0.8609) Read more…
Daily Pivots: (S1) 1.2830; (P) 1.2915; (R1) 1.2984; More… GBP/USD rebounded notably after dipping to 1.2842 and intraday bias is turned neutral again first. Further decline is expected as long as 1.3042 resistance holds. Below Read more…
Daily Pivots: (S1) 1.0856; (P) 1.0872; (R1) 1.0900; More… EUR/USD’s rebound from 1.0760 short term bottom continues today and intraday bias stays on the upside for 55 D EMA (now at 1.0945). Strong resistance should Read more…