US stocks are set to extend the sell off as fears of tighter monetary policy & the ongoing China lockdown hit sentiment. US futures Dow futures -1.1 % at 32530 S&P futures -1.4% at 4065 Read more…
Daily Pivots: (S1) 130.16; (P) 130.49; (R1) 130.87; More… Breach of 131.24 resistance argues that USD/JPY’s up trend is resuming. Intraday bias is mildly on the upside for 261.8% projection of 109.11 to 116.34 from Read more…
Daily Pivots: (S1) 0.9845; (P) 0.9869; (R1) 0.9909; More…. USD/CHF’s rally is still in progress and intraday bias remains on the upside for 261.8% projection of 0.9149 to 0.9459 from 0.9193 at 1.0005 next. On Read more…
Illustration by Alex Castro / The Verge Google’s annual developer conference, Google I/O, is scheduled to take place this week, kicking off with an opening presentation on Wednesday, May 11th, at 1PM ET. Although the Read more…
Illustration by Alex Castro / The Verge Google’s annual developer conference, Google I/O, is scheduled to take place this week, kicking off with an opening presentation on Wednesday, May 11th, at 1PM ET. Although the Read more…
Daily Pivots: (S1) 1.2285; (P) 1.2332; (R1) 1.2389; More… GBP/USD recovers slightly after hitting forming a temporary low at 1.2259, just ahead of 161.8% projection of 1.3641 to 1.2999 from 1.3297 at 1.2258. Intraday bias Read more…
Daily Pivots: (S1) 1.0487; (P) 1.0543 (R1) 1.0603; More… EUR/USD recovers mildly today as consolidation from 1.0470 extends. Intraday bias remains neutral for the moment. In case of another recovery, upside should be limited by Read more…
Risk aversion is the theme of the day, with major European indexes trading in red, while US futures are also diving. Australian Dollar is leading other commodity currencies lower. While Dollar is firm, it’s losing Read more…
Atlanta Fed President Raphael Bostic told Bloomberg today that last week’s 50bps rate hike was “already a pretty aggressive move”. He added, “I don’t think we need to be moving even more aggressively.” “I think Read more…
Minneapolis Fed President Neel Kashkari said in a CNBC interview, “I’m confident we are going to get inflation back down to our 2% target, but I am not yet confident on how much of that burden Read more…