The US dollar has been trading like a rocket lately, crushing every other major currency as recession concerns pushed investors into the safety of the reserve currency. The latest inflation numbers at 12:30 GMT Wednesday Read more…
The NFIB’s small business optimism index dropped in June to 89.5 from 93.1 in May, below the consensus forecast, which expected the index to dip marginally to 92.5. The index has been below the historical Read more…
The precious metal continues to be under pressure as the dollar soars to new highs as a response to the aggressive interest rate hiking agenda of the US Federal reserve, in an attempt to ease Read more…
The final nail in the euro’s coffin was news of a considerable deterioration in the German economic outlook After teasing us for several days, the wait is finally over! The EUR/USD has just hit parity Read more…
USD is trading higher, at 1:1 vs EUR, which is a very big level. At the same time, we also see stocks moving slightly lower but this can be an only short-term intraday weakness as Read more…
Daily Pivots: (S1) 136.34; (P) 137.05; (R1) 138.12; More… Intraday bias in USD/JPY is turned neutral first with current retreat. Some consolidations could be seen but outlook will remain bullish as long as 134.73 support Read more…
Las Vegas Strip casino operator Caesars has been making major changes to its portfolio. Las Vegas demands endless innovation. It’s a city filled with tradition and nostalgia that’s also always home to the next big Read more…
Find out how the market traded during previous CPI Report days. Develop a directional bias. Then bring your prediction to life: with options. They should have used the “Spoiler Alert” tag. But that is a Read more…
Daily Pivots: (S1) 0.9782; (P) 0.9813; (R1) 0.9863; More… USD/CHF’s rally is still in progress and intraday bias stays on the upside. . Consolidation pattern from 1.0063 should have completed with three waves down to Read more…
Daily Pivots: (S1) 1.1827; (P) 1.1932; (R1) 1.1998; More… Intraday bias in GBP/USD remains on the downside for the moment. Current down trend should target 100% projection of 1.2666 to 1.1932 from 1.2405 at 1.1671. Read more…