EUR/USD The resistance level at 1.0270 is still holding the bulls at bay and the pair is consolidating just below this zone. A confirmed breach of the mentioned key resistance would pave the way for Read more…
Expectations for Netflix had gone so bad that the company could surprise with 970’000 less subscriptions last quarter. The smaller drop in subscriptions combined with higher fees increased the profit by 7% compared to the Read more…
The bear market rally looks well and truly back on track this week, thanks to one of the stranger things I have seen in 2022, Netflix losing only one million subscribers in Q2 instead of Read more…
UK inflation has continued to surge at a rate that a 50-bp hike now appears the more likely move at the BOE’s next meeting. Asian Indices: Australia’s ASX 200 index rose by 107.7 points (1.62%) Read more…
DXY: On the H4, with prices having broken out of the ascending channel and reversing off the ichimoku indicator, we have a bearish bias that prices will rise and drop from the 1st resistance at Read more…
Turbulence persists in the global economic scene and investors scramble to assess the future prospects of the bullion, as the rising tide of contagious inflation, recession fears and geopolitical risks continue to lash relentlessly onto Read more…
UK CPI accelerated from 9.1% yoy to 9.4% yoy in June, above expectation of 9.3% yoy. That’s also the highest level since the series began in January 1991. Indicative model estimates that it’s the highest Read more…
Daily Pivots: (S1) 0.6830; (P) 0.6872; (R1) 0.6940; More… Intraday bias in AUD/USD remains on the upside, as rebound from 0.6680 short term bottom is in progress. Next target is 55 day EMA (now at Read more…
New Zealand and Australian Dollar trade broadly higher on the back on improving market sentiment. Asia indexes are tracking US stocks higher. On the other hand, Dollar continues to extend its near term correction, in Read more…
Kiwi and Aussie are both trading broadly higher today, with help from improving market sentiment. Asian stocks are trading higher, following the strong rebound in US indexes overnight. Technically, speaking, NZD/JPY looks ready for an Read more…