Daily Pivots: (S1) 1.1286; (P) 1.1327; (R1) 1.1352; More… Intraday bias in EUR/USD remains neutral first. As noted before, rebound from 1.1185 is seen as corrective move. Break of 1.1284 will argue that larger down Read more…
Daily Pivots: (S1) 1.3569; (P) 1.3616; (R1) 1.3644; More… Intraday bias in GBP/USD remains neutral and outlook is unchanged. While deeper fall cannot be ruled out, downside of retreat should be contained by 1.3489 support Read more…
Daily Pivots: (S1) 113.89; (P) 114.22; (R1) 114.47; More… Intraday bias in USD/JPY stays on the downside for 113.47. Break will resume the fall from 112.52 structural support. Considering bearish divergence condition in in daily Read more…
Shares of half the companies that finished SPAC deals in the past two years are down 40% or more, The Wall Street Journal reports. The bloom appears to be off the rose for special purpose Read more…
Daily Pivots: (S1) 0.9148; (P) 0.9164; (R1) 0.9190; More…. USD/CHF drops notably today but stays above 0.9090 support. Intraday bias remains neutral first. On the downside, firm break of 0.9084 support will argue that choppy Read more…
The markets are set to end the week with a pessimistic tone. Major European index are trading in deep red while US futures point to a weak open. In the currency markets, Swiss Franc is Read more…
Canada retail sales rose 0.7% mom to CAD 58.1B in November, below expectation of 1.0% mom. The increase was led by higher sales at gasoline stations (+4.9%), building material and garden equipment and supplies dealers Read more…
Why is everything selling off? Gold testing key level Crude oil topping out? Thursday’s rug pull was very significant and marked yet another setback for the bulls on Wall Street who have had a nightmare Read more…
Market sentiment deteriorates as yields remain elevated The US stock futures’ negative correction develops lower, with the tech-heavy Nasdaq 100 affected more, falling 4.6% yesterday. The first gain in US crude oil inventories in eight Read more…
A turbulent end to the week with widespread selling as underlying anxiety in the markets once again takes hold. The hope going into earnings season was that companies were going to settle the nerves. That Read more…