The two electric vehicle manufacturers are facing soaring production costs. Soaring commodity prices are hobbling electric-vehicle startups. At the rate things are going, the cost surge may well disrupt the auto industry’s disruptors. The cost Read more…
Retail sales are back to the forefront of analysts’ minds. Especially now in Europe, with the ECB raising rates. On the one hand, traders would like to be wary of any signs of demand destruction Read more…
Markets Yesterday, last week’s repositioning on US and European interest rate markets simply continued with European markets again underperforming. Chair Powell on Friday was very clear that the Fed will do ‘whatever it takes’ to Read more…
NZDUSD has been sliding since August 12, when it hit resistance at 0.6470, with the price now getting closer to the 0.6060 support zone, marked by the low of July 14. In the bigger picture, Read more…
The Canadian economy expanded by 3.3% quarter/quarter annualized (q/q) in Q2 2022. Meanwhile, the flash estimate for July showed a 0.1% month/month (m/m) drop in GDP. Spending by households increased by 9.7% q/q annualized. Statistics Read more…
The euro continues to have a calm week. In the North American session, EUR/USD is showing little movement as it trades a whisker above the parity line. Eurozone inflation tops 9% Inflation in the eurozone Read more…
Legendary investor Warren Buffett is a shareholder of BYD, which has boosted the company’s profile among international investors. Warren Buffett remains a legend in global business circles. The Oracle of Omaha is celebrated even by Read more…
Daily Pivots: (S1) 138.21; (P) 138.64; (R1) 139.23; More… Intraday bias in USD/JPY remains neutral and outlook is unchanged. Strong resistance could be seen from 139.37 to limit upside, to start the third leg of Read more…
Daily Pivots: (S1) 0.9686; (P) 0.9724; (R1) 0.9782; More… Intraday bias in USD/CHF remains on the upside for the moment. Current rise from 0.9369 should target 0.9884 resistance first. Break there will argue that larger Read more…
Daily Pivots: (S1) 1.1597; (P) 1.1679; (R1) 1.1736; More… GBP/USD’s down trend is still in progress and intraday bias stays on the downside for 1.1409 long term support. On the upside, above 1.1759 minor resistance Read more…