Stock futures bounce on China rate cut, bargain hunting; Tesla shares gain as Musk vows ’24/7 focus’ amid lurid headlines; Applied Materials shares slide as chip sector disruptions clip Q2 earnings; Ross Stores shares tank Read more…
The Euro started a fresh increase from the 1.0420 support zone against the US Dollar. The EUR/USD pair surpassed the 1.0500 level to move into a positive zone. The price even traded above the 1.0550 Read more…
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ECB Governing Council member Ignazio Visco said in a BloombergTV interview, “we can move gradually, raising interest rates in the coming months.” June is too early as the central bank will be ending net asset Read more…
The British pound is drifting on Friday, after showing unusually strong volatility this week. The pound rebounded on Thursday, racking up gains of 1.06% and briefly breaking above the symbolic 1.25 line. UK retail sales Read more…
GBPJPY is confronting the 159.69 barrier, which is the 50.0% Fibonacci retracement level of the uptrend from 150.96 until the multi-year high of 168.42, which failed to close north of the 166.07-168.55 resistance zone that Read more…
BoE Chief Economist Huw Pill said in a speech,the balance of risk around inflation is “tilted towards inflation proving stronger and more persistent than anticipated in that baseline.”. Underlying developments that point in this direction Read more…
Daily Pivots: (S1) 158.29; (P) 159.10; (R1) 160.32; More… Intraday bias in GBP/JPY stays neutral and outlook is unchanged. Risk will stay on the downside as long as 162.16 minor resistance holds, as correction from Read more…
Daily Pivots: (S1) 134.33; (P) 134.89; (R1) 135.86; More…. Intraday bias in EUR/JPY remains neutral and outlook is unchanged. Corrective fall from 139.99 could still extend lower. Below 132.63 will target 61.8% retracement of 124.37 Read more…
Daily Pivots: (S1) 0.8455; (P) 0.8475; (R1) 0.8502; More… Intraday bias in EUR/USD remains neutral at this point and outlook is unchanged. With 0.8365 support intact, further rise is still in favor. On the upside, Read more…