Daily Pivots: (S1) 1.2309; (P) 1.2425; (R1) 1.2497; More… Intraday bias in GBP/USD remains on the downside as fall from 1.3433 is in progress for 1.2256/98 cluster support zone. Strong support is expected there to Read more…
Daily Pivots: (S1) 1.0321; (P) 1.0389; (R1) 1.0429; More… Intraday bias in EUR/USD remains on the downside at this point, as fall from 1.1213 is in progress to 1.0199 fibonacci level. Decisive break there will Read more…
European currencies remain on the defensive as the new trading year unfolds, with Euro struggling near its lowest level against Dollar since 2022 and Sterling hovering close to a nine-month low. Dollar, while firm, is Read more…
In focus today From the US, the ISM Manufacturing index for December is due for release. The latest PMI survey and hard industrial production data have pointed towards subdued output growth. In the evening, Richmond Read more…
Key Highlights USD/JPY started a fresh rally above the 154.50 resistance. A key bullish trend line is forming with support at 155.80 on the 4-hour chart. EUR/USD accelerated losses and traded below the 1.0340 support. Read more…
Short Term Elliott Wave view in GBPUSD suggests decline from 12.6.2024 high is in progress as a 5 waves impulse. Down from 12.6.2024 high, wave ((i)) ended at 1.247 and wave ((ii)) rally ended at Read more…
In 2023, one of the venerated Detroit Big Three automakers led the pack for the third consecutive year in a category that should not be worthy of any praise or prize: recalls. The Dearborn, Michigan-based Read more…
Last year, Walt Disney World Resort in Orlando frustrated some of its guests after implementing a series of price increases during a time when Disney (DIS) vacations are putting some visitors into debt. In October, Read more…
With the holidays behind us and the new year officially underway, many people are already feeling a case of the January blues. Post-holiday winter doldrums, as airlines know very well, are often fixed by a Read more…
