Thanks to the work of Apple, Microsoft, Google, Amazon, Oracle, and others in the late 1990s and early 2000s, Silicon Valley became the engine of industrial growth for the U.S. Besides all of the useful technology Read more…
Eurozone headline CPI was finalized at 2.2% yoy in April. CPI core, which excludes energy, food, alcohol, and tobacco, accelerated, to 2.7%, up from 2.4% previously. Services remained the primary driver of inflation, contributing 1.80 Read more…
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On Friday, 16 May, after markets had closed, Moody’s Ratings announced a downgrade of the long-term sovereign credit rating of the United States from the highest level of Aaa to Aa1. The key reasons cited Read more…
The USD/JPY pair declined for a fifth consecutive day, touching 145.25, as the US dollar faced sustained pressure following Moody’s decision to downgrade the US credit rating. Key drivers affecting USD/JPY On Friday, Moody’s cut Read more…
Daily Pivots: (S1) 192.96; (P) 193.52; (R1) 194.00; More… Intraday bias in GBP/JPY remains neutral and more consolidations could be seen below 196.38. Further rise is in favor as long as 190.22 support holds. On Read more…
Daily Pivots: (S1) 162.32; (P) 162.72; (R1) 162.97; More… Intraday bias in EUR/JPY remains neutral and more consolidations could be seen below 165.19. Further rally is in favor as long as 161.57 support holds. Break Read more…
Daily Pivots: (S1) 0.8389; (P) 0.8411; (R1) 0.8428; More… Intraday bias in EUR/GBP remains on the downside at this point. As noted before, rise from 0.8221 should have completed as a correction to 0.8737. Initial Read more…
Daily Pivots: (S1) 1.7383; (P) 1.7451; (R1) 1.7502; More… Intraday bias in EUR/AUD remains neutral at this point. On the upside, firm break of 1.7628 resistance will suggest that fall from 1.8554 as completed as Read more…
Daily Pivots: (S1) 0.9328; (P) 0.9355; (R1) 0.9377; More…. Intraday bias in EUR/CHF remains neutral as sideway trading continues. Price actions from 0.9218 are seen as either a corrective move or the third leg of Read more…