Luxury retail giant Saks Global is moving closer to a bankruptcy exit, but its restructuring is still resulting in additional job cuts. Saks Global, the parent company of Saks Fifth Avenue, Neiman Marcus, Bergdorf Goodman, Read more…
Swiss inflation picked up modestly in April, with headline CPI rising 0.3% month-on-month, driven largely by higher energy and travel-related costs. According to the Federal Statistical Office, increases in petrol, diesel and heating oil prices Read more…
The short‑term Elliott Wave view in Gold (XAUUSD) shows that the rally from the March 23 low completed as wave (1) at 4889.24. After this peak, a corrective pullback in wave (2) began, retracing the Read more…
Daily Pivots: (S1) 211.81; (P) 212.73; (R1) 213.68; More… Intraday bias in GBP/JPY stays neutral for consolidations above 210.43. Risk will stay on the downside as long as 55 4H EMA (now at 214.28) holds. Read more…
Daily Pivots: (S1) 182.96; (P) 183.69; (R1) 184.57; More… Intraday bias in EUR/JPY stays neutral and more consolidations could be seen above 182.28 temporary low. Risk will stay on the downside as long as 55 Read more…
Daily Pivots: (S1) 0.8629; (P) 0.8640; (R1) 0.8651; More… Intraday bias in EUR/GBP remains neutral for the moment, and some more sideway trading could be seen. On the downside, decisive break of 0.8610 key support Read more…
Daily Pivots: (S1) 1.6265; (P) 1.6301; (R1) 1.6348; More… Intraday bias in EUR/AUD is turned neutral with current recovery. Further fall is expected as long as 1.6423 resistance holds. Below 1.6246 will bring retest of Read more…
Daily Pivots: (S1) 0.9153; (P) 0.9167; (R1) 0.9178; More…. Range trading continues in EUR/CHF and intraday bias remains neutral. Rise from 0.8979 is expected to continue as long as 0.9155 cluster support (38.2% retracement of Read more…
Markets Iran Foreign Minister Araghchi likened the US’s “Project Freedom” in the Persian Gulf to “Project Deadlock”. Since US President Trump announced plans to help commercial vessels through Hormuz, the number of reported military incidents Read more…
Yesterday, the US announced it would escort ships through the Strait of Hormuz — calling it a humanitarian operation (!) Iran warned it would retaliate, and reports suggest the US went ahead regardless. Iran then Read more…