A two-week US-Iran ceasefire was reached, immediately unwinding the “fear trade” that had been building in global markets. Oil prices tumbled dramatically, with US Crude (WTI) falling approximately 15%, easing concerns about “War Inflation”. The Read more…
Bill Ackman’s Pershing Square on Tuesday offered to acquire Universal Music Group in a bid valuing the company at about $64 billion. The proposal would move the world’s largest record label from Amsterdam to the Read more…
TheStreet aims to feature only the best products and services. If you buy something via one of our links, we may earn a commission. Why we love this deal As the stuffy summer weather approaches, Read more…
The US dollar has shifted into a corrective phase following its previous rally, while market participants adopt a wait-and-see approach ahead of the release of the Federal Reserve’s meeting minutes. The weakening of the dollar Read more…
Markets Markets overnight again had to cope with a TACO-like U-turn regarding the conflict with Iran and the impact on the on energy supply affecting the global economy. Pakistan (PM Shehbaz Sarif) proposing a 10-point Read more…
Daily Pivots: (S1) 1.6592; (P) 1.6653; (R1) 1.6686; More… EUR/AUD’s break of 1.6561 minor support suggests that corrective rebound from 1.6125 has already completed at 1.6842, after rejection by 55 D EMA (now at 1.6733)/ Read more…
Daily Pivots: (S1) 0.8708; (P) 0.8725; (R1) 0.8739; More… EUR/GBP is still bounded in consolidations below 0.8740 and intraday bias remains neutral. On the upside, above 0.8740 will resume the rebound from 0.8610 short term Read more…
Daily Pivots: (S1) 184.48; (P) 184.83; (R1) 185.44; More… EUR/JPY’s rise from 180.78 resumed by breaking through 184.75 resistance and intraday bias is back on the upside. Further rally should be seen to retest 186.86 Read more…
Daily Pivots: (S1) 211.52; (P) 211.92; (R1) 212.60; More… GBP/JPY is staying below 213.29 resistance despite current strong rebound. Intraday bias remains neutral first. On the upside, firm break of 213.29 will resume the rise Read more…
Daily Pivots: (S1) 0.9216; (P) 0.9241; (R1) 0.9277; More…. EUR/CHF is staying in range trading and intraday bias remains neutral. On the upside, sustained trading above 61.8% retracement of 0.9394 to 0.8979 at 0.9235 will Read more…