Bears tightened grip on Tuesday after being congested in past three days, sending the pair to five-week low and signaling an extension of corrective pullback from new 20-year high (131.34). Profit-taking after strong bullish acceleration Read more…
The euro has extended its gains on Tuesday. EUR/USD has broken above the 1.07 line for the first time since April 26th. ECB’s Lagarde sends euro soaring The euro was red hot on Monday, as Read more…
Asset manager Cathie Wood also bought shares of her flagship fund’s No. 3 holding and shares of a cryptocurrency exchange. The prominent investor Cathie Wood, chief executive of Ark Investment Management, reversed course on a Read more…
Markets All eyes were on PMI business confidence for May today. In a context where concerns about growth going forward rise by the day, they provide much-appreciated guidance. For Europe, the fall-out of the war, Read more…
US PMI Manufacturing dropped from 59.2 to 57.5 in May. PMI Services dropped from 55.6 to 53.5. PMI Composite dropped from 56.0 to 53.8. Chris Williamson, Chief Business Economist at S&P Global Market Intelligence said: Read more…
Central Bankers have some important decisions to make. In the below article I make the case for a looming policy mistake. Read below to find out more. Inflationary fears are certainly weighing on the minds Read more…
After yesterday’s rebound US futures are falling. A profit warning from Snap hit shares of social media companies. The Nasdaq is leading the charge lower. US futures Dow futures -0.7% at 31642 S&P futures -1.2% Read more…
The dollar index fell to one-month low on Tuesday, in extension of Monday’s 0.85% drop, under increased pressure from renewed risk appetite. Hawkish comments from ECB’s President Lagarde that the European Central Bank is likely Read more…
Daily Pivots: (S1) 127.34; (P) 127.70; (R1) 128.25; More… USD/JPY’s correction from 131.34 is still in progress. Deeper fall could be seen to 125.09 cluster support (38.2% retracement of 114.40 to 131.34 at 124.86). But Read more…
Daily Pivots: (S1) 0.9607; (P) 0.9679; (R1) 0.9728; More… USD/CHF’s fall form 1.0063 is still in progress. Intraday bias stays on the downside for 55 day EMA (now at 0.9595) and below. But downside should Read more…