Daily Pivots: (S1) 1.2976; (P) 1.3014; (R1) 1.3067; More… A temporary top should be formed at 1.3050 with current retreat. Intraday bias in USD/CAD is turned neutral first. But still, further rally will remain in Read more…
Daily Pivots: (S1) 0.6905; (P) 0.6946; (R1) 0.6980; More… AUD/USD’s break of 0.7027 minor resistance indicates temporary bottoming at 0.6910. Intraday bias is turned neutral for some consolidations first. But still, near term outlook will Read more…
Elon Musk, the world’s richest man, takes his role as global CEO seriously. Elon Musk no longer sees himself solely as the chief executive of Tesla (TSLA) – Get Tesla Inc Report. The manufacturer of Read more…
Inflation is becoming more widespread across a broad swathe of consumer spending categories, raising the risk that it could become entrenched. As we noted in our CPI preview report on Monday, a reading near economists’ Read more…
Consumer price inflation decelerated in April, rising by 0.3% month-on-month (m/m) – a meaningful slowdown from March’s 1.2% m/m gain. On a year-over-year (y/y) basis, inflation was up 8.3% – down 0.2 percentage points (pp) Read more…
“I understand the last 72 hours have been extremely tough on all of you – know that I am resolved to work with every one of you to weather this crisis,” said UST backer Do Read more…
Daily Pivots: (S1) 129.97; (P) 130.27; (R1) 130.75; More… Intraday bias in USD/JPY remains neutral as consolidation from 131.34 is extending. Further is expected as long as 128.61 support holds. Above 131.34 will target 261.8% Read more…
Ark ETFs bought and sold biotechnology stocks. Ark’s flagship fund trails the S&P 500 over the past five years. Hotshot investor Cathie Wood, chief executive of Ark Investment Management, on Tuesday was an active buyer Read more…
Daily Pivots: (S1) 1.0509; (P) 1.0547 (R1) 1.0569; More… EUR/USD is staying in consolidation above 1.0470 temporary low and intraday bias remains neutral. Further decline is in favor as long as 1.0641 minor resistance holds. Read more…
Daily Pivots: (S1) 1.2280; (P) 1.2327; (R1) 1.2363; More… GBP/USD is still bounded in right range above 1.2259 temporary low. Intraday bias remains neutral and some more consolidations could still be seen. In case of Read more…