The US dollar bounced lower, yesterday, following the weak economic data in the US, which showed that the new home slowed, and business contracted. The flash PMI figures showed that services in the US fell Read more…
Market movers today There are only few economic releases today. The only number of relative importance is the US July durable goods orders, which are expected to slow due to the financial tightening taking place Read more…
Credit: Dhruv Bhutani / Android Authority Media server app Plex has announced a possible data breach. Emails, usernames, and encrypted passwords were accessed as part of the incident. The company is requiring a password reset Read more…
Credit: Joe Hindy / Android Authority Samsung’s Galaxy S22 Ultra was reportedly the most popular Android phone in North America in Q2. It was listed just ahead of the Moto G Power 2022 and Galaxy Read more…
Daily Pivots: (S1) 1.1740; (P) 1.1809; (R1) 1.1900; More… A temporary low is formed at 1.1716 with current recovery. Intraday bias in GBP/USD is turned neutral first. Upside of recovery should be limited by 1.2002 Read more…
Dollar’s rally was choked off by terrible PMI data, in particular services, overnight. But the greenback is trying to regain some footing in Asian session. It’s too early to say that the bullish trend in Read more…
Oil prices rebounded this week on the prospect of production cut by OPEC+. Saudi Energy Minister Prince Abdulaziz bin Salman was quoted earlier that OPEC+ has the commitment, flexibility, and means to deal with challenges Read more…
USD/JPY: On the H4 chart, price has confirmed a bullish momentum breaking the previous high and tested the first resistance at 137.549 where the 78.6% fibonacci retracement and 161.8% extension sits. It has pulled back Read more…
Minneapolis Fed President Neel Kashkari said yesterday that the US economy is in a “completely unbalanced situation” of “maximum employment” and “very high inflation”. He said, “it’s very clear: We need to tighten monetary policy Read more…
Key Highlights AUD/USD declined sharply and tested the 0.6860 support zone. A key bearish trend line is forming with resistance near 0.6965 on the 4-hours chart. Crude oil price found support near $87.20 and recovered Read more…