Gold’s price was on the rise since our last report yet seems to remain rather lazy given the relative inactivity of the greenback in the past few days. The negative correlation of the two trading Read more…
Entrepreneur Elon Musk keeps expanding his plans in, and under, Sin City. A number of Elon Musk’s plans sound as if they sit somewhere between brilliant and what the bad guy tells James Bond he Read more…
The NFIB’s small business optimism index rose 0.4 points to 89.9 in July. This was better than the consensus forecast, which expected the index to drop modestly from June’s level. Pulling back the lens, the Read more…
Daily Pivots: (S1) 134.41; (P) 134.99; (R1) 135.62; More… USD/JPY is losing some upside momentum but retreat is so far shallow. Intraday bias stays on the upside and rise from 130.38 should target a test Read more…
U.S. adults are digging deep to cover household bills The U.S. inflation rate jumped to 9.1% in June – the largest inflation percentage since July 1981. (July’s inflation figure is set to be released on Read more…
Daily Pivots: (S1) 0.9503; (P) 0.9573; (R1) 0.9625; More… Range trading continues in USD/CHF and intraday bias remains neutral first. On the upside, break of 0.9650, and sustained trading above 55 day EMA (now at Read more…
Daily Pivots: (S1) 1.2039; (P) 1.2088; (R1) 1.2129; More… Intraday bias in GBP/USD is turned neutral with current recovery. Outlook is unchanged that rebound from 1.1759 should have completed after hitting 55 day EMA. On Read more…
Enlarge (credit: Kentaroo Tryman | Getty Images) Small businesses are cutting back marketing spending due to Apple’s sweeping privacy changes that have made it harder to target new customers online, in a growing trend that Read more…
Daily Pivots: (S1) 1.0161; (P) 1.0192; (R1) 1.0224; More… EUR/USD recovers mildly today but stays in established range. Intraday bias remains neutral first. On the downside, break of 1.0095 minor support will argue that larger Read more…
Euro rises slightly as market sentiments are flip-flopping today. Sterling and Swiss Franc are also trading higher. On the other hand, commodity currencies turn soft with Aussie paring most of recent gains. Dollar and Yen Read more…