Daily Pivots: (S1) 126.13; (P) 127.10; (R1) 127.85; More… No change in USD/JPY’s outlook as correction from 131.34 is in progress. Deeper decline could be seen. But downside should be contained by 125.09 cluster support Read more…
Caesars has decided to bring back a prominent name as part of a huge revamp of one of its signature properties. Las Vegas has a lot of legends. It’s hard to imagine that Wayne Newton Read more…
Daily Pivots: (S1) 0.9563; (P) 0.9617; (R1) 0.9659; More… Further fall could still be seen in USD/CHF despite loss of downside moment. But downside should be contained by 61.8% retracement of 0.9193 to 1.0063 at Read more…
Daily Pivots: (S1) 1.2472; (P) 1.2535; (R1) 1.2599; More.. Intraday bias in GBP/USD stays neutral and outlook is unchanged. On the upside, firm break of 1.2637 resistance will bring stronger rebound to 55 day EMA Read more…
Daily Pivots: (S1) 1.0682; (P) 1.0715 (R1) 1.0770; More… Intraday bias in EUR/USD is turned neutral first with today’s retreat. Another rise could be seen with 1.0563 minor support intact. Above 1.0748 will resume the Read more…
Overall, the moves in the forex markets are still indecisive. Dollar and Yen are striking back today and rise broadly. Swiss Franc follows as the third strongest, suggesting a risk-off undertone. Nevertheless, other markets are Read more…
US durable goods orders rose 0.4% mom to USD 265.3B in April, below expectation of 0.6% mom. Ex-transport orders rose 0.3% mom, below expectation of 0.6% mom. Ex-defense orders rose 0.3% mom. Transportation equipment, rose Read more…
Dick’s said its lower full-year profit and sales guidance reflects “the impact of evolving macroeconomic conditions” affecting the biggest U.S. sporting goods retailer. Dick’s Sporting Goods Inc. (DKS) – Get Dick’s Sporting Goods, Inc. Report shares Read more…
Minutes from the Fed’s May policy meeting, published later today, could provide clues as to whether it’s prepared to reconsider its vow to ‘expeditiously’ lift interest rates to fight the fastest inflation in four decades. Read more…
“Most refinance borrowers continue to remain on the sidelines as a result, and refinance applications have fallen in nine of the past 10 weeks,” said the MBA’s Joel Kan. U.S. mortgage rates fell for the Read more…