Momentum is clearly pointing lower for gold, but we’re keeping an eye on the monthly charts as we head into August due to a potential level of support. Gold has fallen below $1700 for the Read more…
United Airlines CEO Scott Kirby said the carrier faces rising fuel price and recession risk as well as “industry-wide operational challenges” that could challenge its profits over the next six to eighteen months. United Airlines Read more…
Stock futures edge lower with ECB rate decision in focus; Tesla jumps after Q2 earnings beat, 2022 delivery target pledge; United Airlines slides after Q2 earnings miss as fuel, staffing costs surge; Carnival slumps after Read more…
How long does forever last? Just over a year, if you’re Elon Musk. Tesla has indicated in its quarterly report that it has sold three-quarters of its Bitcoins, citing uncertainty. The past selling does not Read more…
Daily Pivots: (S1) 165.10; (P) 165.68; (R1) 166.21; More… Further rise is mildly in favor in GBP/JPY with 163.54 minor support intact. Consolidation from 168.67 should have completed with three waves to 160.37. Further rally Read more…
Daily Pivots: (S1) 140.15; (P) 141.04; (R1) 141.65; More…. Further rise is still in favor in EUR/JPY with 139.68 minor support intact. Consolidation pattern from 144.23 should have completed with three waves to 136.85. Further Read more…
Daily Pivots: (S1) 0.8481; (P) 0.8510; (R1) 0.8528; More… Intraday bias in EUR/GBP remains neutral first. On the upside break of 0.8552 resistance will suggest that pull back from 0.8720 has completed. That will also Read more…
Daily Pivots: (S1) 1.4737; (P) 1.4794; (R1) 1.4836; More… Intraday bias in EUR/AUD stays neutral at this point. On the downside, decisive break of 1.4759 support should confirm that corrective rise from 1.4318 has completed Read more…
Daily Pivots: (S1) 0.9863; (P) 0.9904; (R1) 0.9931; More…. EUR/CHF is still staying in range below 0.9953 minor resistance. Intraday bias remains neutral first. On the upside, break of 0.9953 minor resistance will suggest short Read more…
EURCHF pivoted northwards to re-enter the 0.9900 territory after its latest pullback in the four-hour chart ceased near the 50-period simple moving average (SMA) at 0.9870. There are a couple of bullish signs, which feed optimism Read more…