In focus today In the euro area, focus turns to the Sentix investor confidence indicator for April and retail sales for February. Investor confidence rose sharply in March on the back of the German spending Read more…
Daily Pivots: (S1) 0.5907; (P) 0.6120; (R1) 0.6252; More… Intraday bias in AUD/USD stays on the downside for the moment. Current fall from 0.6941 should target 61.8% projection of 0.6941 to 0.6087 from 0.6388 at Read more…
The global stock market crash showed no sign of slowing today. Hong Kong’s Hang Seng Index returned from a holiday break and promptly plunged over -10% to catch up with last week’s global carnage. Meanwhile, Read more…
Oil prices extended their steep losses in Asian trading today, with WTI crude briefly dipping below the psychological level of 60 for the first time in nearly four years. The persistent global equity selloff and Read more…
Costco is a unique retailer in many regards. Its membership-based model automatically limits its customer base to a certain degree, but Costco can use that to its advantage. Unlike traditional retailers, Costco pockets loads of Read more…
Key Highlights EUR/USD started a downside correction from the 1.1145 level. A connecting bullish trend line is forming with support at 1.0840 on the 4-hour chart. GBP/USD dipped heavily below the 1.3050 and 1.3000 levels. Read more…
Gold had a shaky start to the week, being dragged below 3000 psychological level briefly, alongside broader risk asset liquidation. But as stock markets across Asia extended their crash into Monday, the precious metal caught Read more…
Japan’s nominal wages rose 3.1% yoy in February, a notable jump from downwardly revised 1.8%yoy in January, matching expectations. However, this strong print was largely driven by a surge in special payments, which skyrocketed 77.4% Read more…
Nikkei 225: ⬇️ Sell Nikkei 225 broke support zone Likely to fall to support level 30600.00 The Nikkei 225 index recently broke the support zone located at the intersection of the support level 35000.00 (former Read more…
Gold: ⬇️ Sell Gold broke daily up channel Likely to fall to support level 3000.00 Gold recently reversed down from the resistance level 3150.00 (which formed the daily Bearish Engulfing) and broke the sharp daily Read more…