Amazon (AMZN) posted a superb Q2 on paper, but the market was mostly unfazed. Shares pulled back sharply, with investors fixating on Amazon Web Services (AWS) relatively lagging in growth. However, in that cloud of Read more…
Daily Pivots: (S1) 1.1454; (P) 1.1526; (R1) 1.1659; More… Intraday bias in EUR/USD stays on the upside at this point. As noted before, correction from 1.1829 could have completed with three waves down to 1.1390 Read more…
Daily Pivots: (S1) 1.3177; (P) 1.3244; (R1) 1.3345; More… No change in GBP/USD’s outlook and intraday bias stays neutral. On the upside, sustained break of 1.3363 support turned resistance will indicate that the fall has Read more…
Daily Pivots: (S1) 0.7988; (P) 0.8080; (R1) 0.8132; More…. Intraday bias in USD/CHF stays mildly on the downside at this point and deeper decline would be seen to retest 07871/7910 support zone. Firm break there Read more…
Daily Pivots: (S1) 146.17; (P) 148.54; (R1) 149.80; More… USD/JPY dips mildly today but stays well above 145.84 support. Intraday bias stays neutral first. Rebound from 139.87 could still extend higher. Above 150.90 will target Read more…
Markets are recovering modestly at the start of the week after last week’s sharp risk-off move. European equities are inching higher, and US futures point to a positive open. While sentiment appears to be improving, Read more…
Remember May and June? During those months, the S&P 500 would regularly gain or lose 1% in a day. After June 24 volatility dried up and the S&P 500 steadily marched higher. Stock traders said goodbye Read more…
The dollar index edged higher on Monday morning after losing almost 1.5% on Friday (the biggest daily loss since Apr 10). Disappointing US NFP data in July and strong downward revision of previous month’s figure, Read more…
If you know DirecTV primarily as a satellite provider, it may be time to change your impressions of what this company does. DirecTV has been focused on building out its streaming service since 2016. It’s Read more…
Tesla approved a restricted stock award of 96 million shares, worth about $29 billion, to “incentivize” the controversial billionaire to remain at the head of the company during a protracted legal battle over his original Read more…