Cryptocurrencies
Sunset Market Commentary
Markets Oil isn’t impressed by the Axios report of this morning. The news outlet wrote that Iran offered a new proposal to the US which states that it is ready to reopen the Hormuz Strait, Read more…
Cryptocurrencies
McDonald’s takes aim at Starbucks with new drinks menu
McDonald’s has tried for decades to win more beverage business. The fast-food giant never mentions Starbucks, but that’s the giant in the space, which the Big Mac-maker would have to take share from in order Read more…
Cryptocurrencies
Bank of America sends strong message on Lockheed Martin stock
Toward the end of the week that ended on April 25, I covered a piece on Lockheed Martin CEO Jim Taiclet, calling the current defense environment a “golden opportunity,” and a rare moment of unguarded Read more…
Cryptocurrencies
EUR/USD Mid-Day Outlook
Daily Pivots: (S1) 1.1688; (P) 1.1706; (R1) 1.1741; More…. No change in EUR/USD’s outlook and intraday bias remains neutral. Further rally is expected with 1.1662 support intact. On the upside, sustained trading above 61.8% retracement Read more…
Cryptocurrencies
GBP/USD Mid-Day Outlook
Daily Pivots: (S1) 1.3477; (P) 1.3508; (R1) 1.3563; More… Intraday bias in GBP/USD remains neutral first, and further rise is expected as long as 1.3446 support holds. On the upside, firm break of 61.8% retracement Read more…
Cryptocurrencies
USD/CHF Mid-Day Outlook
Daily Pivots: (S1) 0.7837; (P) 0.7858; (R1) 0.7870; More…. Intraday bias in USD/CHF stays neutral and outlook is unchanged. Further decline is expected as long as 0.7933 resistance holds. On the downside, sustained break of Read more…
Cryptocurrencies
USD/JPY Mid-Day Outlook
Daily Pivots: (S1) 159.13; (P) 159.49; (R1) 159.73; More… USD/JPY dips mildly today but remains bounded in established range below 160.45. Intraday bias remains neutral at this point. Further rise is expected with 157.49 cluster Read more…
Cryptocurrencies
How Trump’s second term is quietly rewriting retirement
Nobody announced a sweeping retirement overhaul. There was no single bill that changed everything overnight. But piece by piece, the policy landscape for American retirees is shifting in ways that will matter for years to Read more…
Cryptocurrencies
USD/CAD Mid-Day Outlook
Daily Pivots: (S1) 1.3651; (P) 1.3683; (R1) 1.3705; More… USD/CAD’s fall from 1.3965 resumed by breaking through 1.3629 temporary low. Intraday bias is back on the downside for retesting 1.3480 low. Firm break there will Read more…
Cryptocurrencies
Dollar Slides as Traders Position for Dovish Fed Ahead of Powell’s Final Meeting
Dollar is coming under renewed pressure as traders move to lighten long positions ahead of the FOMC meeting this week. The move reflects reluctance among traders to hold long USD exposure into an event that Read more…