Intraday bias in EUR/GBP stays on the downside at this point. Fall from 0.8863 should target 61.8% retracement of 0.8221 to 0.8863 at 0.8466 at next. On the upside, above 0.8601 minor resistance will turn Read more…
Intraday bias in EUR/AUD remains neutral as consolidations continue below 1.6617. Further rally remains in favor as long as 1.6306 support holds. Break of 1.6617 will resume the rally from 1.6108 towards 1.6842 resistance. In Read more…
Intraday bias in EUR/CHF remains neutral as it’s still defending 0.9179 support. On the upside, above 0.9234 will bring stronger rebound to 0.9265. Firm break there will resume the rally from 0.8979 to 100% projection Read more…
It didn’t take long for SpaceX (SPCX) to turn from hype to a disappointing IPO. The stock is trading near $161 at the time of writing on Thursday afternoon, July 2, nearly 25% below its Read more…
Markets Yesterday’s US payrolls were supposed to deliver key input for the Fed decision making process as Fed Chair Warsh at the start of its mandate promised that the US central bank will deliver on Read more…
Our summary of recent economic events and what to expect in the weeks ahead. Canadian Highlights The July 1st CUSMA extension deadline came and went, but this outcome was well telegraphed and the status quo, Read more…
Next week’s release of the June FOMC meeting minutes should provide further insight into what could shift a divided Committee toward additional tightening, although we continue to expect the Fed to remain on hold as Read more…
Hello traders. In this technical article we’re going to take a quick look at the Elliott Wave charts of FTSE Index published in members area of the website. As our members know, FTSE made a Read more…
Japan’s service sector returned to expansion in June, helping lift overall private-sector activity to its strongest pace in three months. The final S&P Global Japan Services PMI Business Activity Index rose to 52.2 from the Read more…
BNP Paribas has been one of the few Wall Street firms that is bearish on EV industry leader Tesla. Late last year, the firm initiated coverage with an underperform rating and a $280 price target. Read more…