Chinese data may kick off more drama in global markets during the Asian session on Monday at 03:00 GMT as urban investment, industrial output, retail sales, and new yuan loans are expected to falter for Read more…
The Pixel Watch, Google’s first smartwatch. | Image: Google This year’s Google I/O keynote was filled with hardware announcements, which is unusual considering it’s typically a software and services-focused affair. Of these, the most exciting Read more…
Elon Musk’s financing of the acquisition of microblogging website Twitter involves a margin loan tied to the billionaire’s Tesla shares. Tesla (TSLA) – Get Tesla Inc Report investors and fans may be able to breathe a Read more…
Markets Trading on global markets today enters calmer waters to finish a week with quite some wild swings. Early this week, it looked that established trends could simply continue. Long term yields in the US Read more…
AUDJPY has corrected to the 88.00 handle, which is the 50.0% Fibonacci retracement of the 12-week rally from 80.35 until the 95.73 peak. Despite the price failing to snowball below the support barrier formed by Read more…
Daily Pivots: (S1) 127.21; (P) 128.64; (R1) 129.75; More… Intraday bias in USD/JPY is turned neutral with current recovery. But overall, it’s staying in correction to rise from 114.40, and risk will stay mildly on Read more…
Daily Pivots: (S1) 0.9956; (P) 1.0003; (R1) 1.0076; More…. Intraday bias in USD/CHF remains on the upside at this point. Current rally would extend to next medium term projection level at 1.0306. On the downside, Read more…
Daily Pivots: (S1) 1.2158; (P) 1.2207; (R1) 1.2248; More.. Intraday bias in GBP/USD remains on the downside at this point. Current down trend should target 200% projection of 1.3641 to 1.2999 from 1.3297 at 1.2013 Read more…
Daily Pivots: (S1) 1.0313; (P) 1.0421 (R1) 1.0488; More… Intraday bias in EUR/USD stays on the downside at this point. Decisive break of 1.0339 long term support will carry larger bearish implication and target 161.8% Read more…
Overall, the forex markets are rather quiet as the week is heading to a close. EUR/USD is still holding above 2017 low but lacks any strength for a recovery. The greenback might still have a Read more…