As the streaming wars between competing companies heat up, and streaming giants do their best to attract as many subscribers as possible at a time when cable and satellite TV are losing market share, Amazon Read more…
The Non-Farm Payrolls finally released, relatively on time, and came at a small beat on expectations (64K vs 40K expected) while the Unemployment rate grew from 4.4% to 4.6%. With downward revisions to the September Read more…
Non-farm employment rose 64k in November, slightly ahead of the consensus forecast in Bloomberg (50k). November’s reading marked an uptick in hiring from October (also reported this morning), where job growth fell by 105k. However, Read more…
Daily Pivots: (S1) 1.3748; (P) 1.3768; (R1) 1.3789; More… USD/CAD’s fall from 1.4139 resumed after brief consolidations and intraday bias is back on the downside. Sustained trading below 61.8% retracement of 1.3538 to 1.4139 at Read more…
Daily Pivots: (S1) 154.70; (P) 155.35; (R1) 155.85; More… No change in USD/JPY’s outlook as corrective pattern from 157.88 is extending. On the downside, break of 154.33 will target 55 D EMA (now at 153.66) Read more…
Daily Pivots: (S1) 0.7942; (P) 0.7958; (R1) 0.7978; More… USD/CHF stays above 0.7923 temporary low despite current tip, and intraday bias stays neutral. Corrective pattern from 0.7828 is still extending. On the downside, below 0.7923 Read more…
Daily Pivots: (S1) 1.3354; (P) 1.3378; (R1) 1.3401; More… GBP/USD’s rise from 1.3008 resumed after brief consolidations and intraday bias is back on the upside. As noted before, fall from 1.3787 should have completed as Read more…
Retail sales were flat in October, held back by a 1.7% drop at dealer lots. The headline result was slightly weaker than consensus. Non-core sales categories were all down, with sales at gas stations (-0.8% Read more…
Daily Pivots: (S1) 1.1723; (P) 1.1737; (R1) 1.1753; More…. EUR/USD’s rise from 1.1467 resumed after brief consolidations and intraday bias is back on the upside, retest of 1.1917 high should be seen next, and decisive Read more…
Dollar came under broad pressure in early US trade after delayed employment data confirmed a deeper-than-expected loss of momentum in the labor market. The October payrolls collapse was the key shock. A steep contraction marked Read more…