The US 500 cash index has quickly bounced above its 9-month low at 4,106 touched last week. However, the elevated negative pressures are still troubling the index, which is currently trading well below its 50- Read more…
EURAUD has been in the red since the start of February, falling rapidly all the way down to meet the 2021 low of 1.5251 after last week’s bullish attempts hit a wall around the broken Read more…
Daily Pivots: (S1) 114.64; (P) 114.96; (R1) 115.23; More… Intraday bias in USD/JPY remains neutral and outlook is unchanged. More sideway trading could be seen. On the upside, firm break of 116.34 will resume larger Read more…
Daily Pivots: (S1) 0.9158; (P) 0.9181; (R1) 0.9213; More…. Intraday bias in USD/CHF remains neutral and outlook is unchanged. More sideway trading could be seen. Choppy rise from 0.8925 would still be in favor to Read more…
Daily Pivots: (S1) 1.3272; (P) 1.3355; (R1) 1.3407; More… Intraday bias in GBP/USD remains neutral and outlook is unchanged. Further decline is expected with 1.3485 support turned resistance intact. On the downside, break of 1.3272 Read more…
Detroit auto giant GM had invested in the cash-strapped EV startup Lordstown. Things don’t seem to be looking up for cash-strapped electric vehicle startup Lordstown Motors (RIDE) – Get Lordstown Motors Corp. Class A Report Read more…
Daily Pivots: (S1) 1.1065; (P) 1.1149; (R1) 1.1208; More… Intraday bias in EUR/USD remains on the downside at this point. Current fall is part of the down trend from 1.2348. Next target is 61.8% projection Read more…
Market sentiment stabilized a bit on reports that Russia a suggests to hold another round of peace talks with Ukraine, while Vladimir Putin’s forces continue to shell multiple crowded Ukrainian cities. Stocks are recovery but Read more…
Ford, F speeding its move into electric vehicles, will split its operations into two divisions, one for its EVs and one for its gasoline cars. Ford, (F) – Get Ford Motor Company Report speeding its move Read more…
US ADP private employment grew 475k in February, above expectation of 320k. By company size, small businesses lost -96k jobs, medium added 18k while large businesses added 522k. By sector goods-producing jobs rose 57k and Read more…