Surging input costs, chip shortages and China’s Covid lockdown are proving to be a collective headwind to global automakers, pushing Tesla shares to the lowest levels since last August. Tesla (TSLA) – Get Tesla Inc Read more…
Daily Pivots: (S1) 129.35; (P) 130.08; (R1) 130.71; More… USD/JPY’s break of 128.61 support confirms that a short term top is at least formed at 131.34. Intraday bias is back on the downside to 125.09 Read more…
Daily Pivots: (S1) 0.9887; (P) 0.9925; (R1) 0.9979; More…. USD/CHF’s rally is still in progress for 261.8% projection of 0.9149 to 0.9459 from 0.9193 at 1.0005. Considering bearish divergence condition in 4 hour MACD, upside Read more…
Daily Pivots: (S1) 1.2190; (P) 1.2295; (R1) 1.2352; More… Intraday bias in GBP/USD remains on the downside at this point. Current down trend should target 200% projection of 1.3641 to 1.2999 from 1.3297 at 1.2013 Read more…
The latest Apple TV 4K is on sale today for $149.99 at Amazon. | Photo by Chris Welch / The Verge If you’re an Apple fan looking for a high-end streaming device or are shopping Read more…
Daily Pivots: (S1) 1.0485; (P) 1.0531 (R1) 1.0560; More… EUR/USD finally breaks through 1.0470 support today as larger down trend resumes. Intraday bias is back on the downside with focus on 1.0339 long term support. Read more…
Yen is the runaway winner today on massive safe-haven flows, which also pushed up treasury bonds. Meltdown in cryptocurrencies intensified further, as bitcoin barely holds on to 25k. Major European indexes are in deep red Read more…
Rising input costs and supply chain snarls will impact the EV transition for both Ford and GM, cautions Wells Fargo analyst Colin Langan. Ford Motor (F) – Get Ford Motor Company Report shares moved sharply lower Read more…
US PPI for final demand rose 0.5% mom in April, matched expectations. PPI final demand for goods rose 1.3% mom, for construction dropped -4.0%, while for services was unchanged. For the 12-month period, PPI rose Read more…
US initial jobless claims rose 1k to 203k in the week ending May 7, above expectation of 190k. Four-week moving average of initial claims rose 4k to 193k. Continuing claims dropped -44k to 1343k in Read more…