The AUDUSD rebounds on Wednesday after five straight days of steep fall, as revived risk sentiment gave fresh boost to Aussie. Oversold daily techs and potential formation of bullish engulfing pattern today, may act as initial reversal signal, though recovery needs a clear break through pivotal 0.70 zone (psychological / Fibo 38.2% of 0.7283/0.6850 bear-leg) […]
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In the early hours of May 2, low-cost carrier Spirit Airlines definitively collapsed and canceled all flights after weeks of talks to save the beleaguered airline ultimately led to nothing. “Despite the Company’s efforts, the Read more…
Dollar’s broader weakness reasserted itself last week, even as it managed a modest late rebound against Euro. Across the board, however, the greenback remains under pressure, with underlying momentum and sentiment pointing to further downside Read more…
After more than a year of speculation about whether Spirit Airlines could come out of two bankruptcies with a last-minute Hail Mary, the skyrocketing price of jet fuel ended up dealing the final blow to Read more…