Key Highlights EUR/USD started a fresh increase above the 1.1400 resistance. It broke a key bearish trend line with resistance near 1.1235 on the 4-hours chart. GBP/USD also recovered above 1.3550 and tested 1.3620. Crude Read more…
Bitcoin’s rebounded strongly over the week and and it’s now trading back above 42k handle. The decline from 68986 is seen as the first leg of a long term corrective pattern. Such fall should have Read more…
China PMI Services dropped from 53.1 to 51.4 in January, above expectation of 50.5. PMI Composite dropped from 53.0 to 50.1. Wang Zhe, Senior Economist at Caixin Insight Group said: “To sum up, both the Read more…
Australia retail sales dropped -4.4% mom in December to AUD 31.93B. For Q4, sales rose 8.2%, fastest on record. Ben James, Director of Quarterly Economy Wide Statistics, said: “Consumers enthusiastically returned to discretionary spending following Read more…
Australia AiG Performance of Services Index rose 6.6 pts to 56.2 in January, hitting the highest level since June last year. Looking at some details, sales rose 5.3 to 58.9. Employment rose 0.5 to 56.7. Read more…
Given the lacklustre bounce on gold alongside a rise in short bets and closure of longs last week, we retain the view that its recent bounce is corrective. As of Tuesday 1st February 2022: Net-long Read more…
The founder of the world’s largest hedge fund, Bridgewater Associates, says a “tiny percentage” of his portfolio is still in cryptocurrency. The news will undoubtedly delight fans and enthusiasts of cryptocurrencies. January’s cryptocurrency market rout Read more…
Delta Air Lines CEO Ed Bastian wants people convicted of disrupting airline flights to be placed on the national no-fly list. Cause problems on an airline flight and it might be a long time before Read more…
People who own Royal Caribbean stock should be thrilled about something the cruise lines president said. The pandemic crushed the cruise industry. Royal Caribbean (RCL) – Get Royal Caribbean Group Report, Carnival Cruise Lines (CCL) Read more…