Markets It finally happened: the German 10y yield turned positive for the first time since April 2019. For six hours. The most important European benchmark rate gapped at the open to 0.004% in a catch-up Read more…
Cryptocurrency adoption suffers a setback as Singapore officials shut down crypto ATMs. In what appears to be a body blow to mainstream adoption, financial regulators in Singapore took cryptocurrency ATMS offline over concerns about trading Read more…
A Tesla driver who was using the autopilot system is facing felony charges after the car crashed into another car and killed two people, media reports say. A California Tesla (TSLA) – Get Tesla Inc Read more…
Consumer price inflation ticked up to 4.8% year-on-year (y/y) in December, in line with market expectations. Energy prices slowed to 21.2% (from 26.4% in November), but excluding energy, prices picked up noticeably, to 3.8% (from Read more…
Cable regained traction and bounced on Wednesday, signaling an end of three-day pullback, sparked by a double rejection at 200DMA (1.3733) last week. Pound was boosted by UK CPI data which showed that inflation in Read more…
Daily Pivots: (S1) 1.1288; (P) 1.1355; (R1) 1.1394; More… Intraday bias in EUR/USD remains neutral first. Outlook is unchanged that rebound from 1.1185 is seen as corrective move. Break of 1.1284 will argue that larger Read more…
Daily Pivots: (S1) 1.3561; (P) 1.3611; (R1) 1.3650; More… Intraday bias in GBP/USD remains neutral for the moment. While deeper fall cannot be ruled out, downside of retreat should be contained by 1.3489 support to Read more…
Daily Pivots: (S1) 0.9144; (P) 0.9161; (R1) 0.9191; More…. USD/CHF is staying in consolidation from 0.9090 and intraday bias remains neutral first. On the downside, firm break of 0.9084 support will argue that choppy rise Read more…
Daily Pivots: (S1) 114.34; (P) 114.70; (R1) 114.95; More… The break of 114.30 minor support suggests that recovery from 113.47 has completed at 115.05. Intraday bias is back on the downside for 113.47. Break will Read more…
Daily Pivots: (S1) 1.2478; (P) 1.2521; (R1) 1.2556; More… USD/CAD’s fall from 1.2963 resumes by breaking 1.2452 and intraday bias is back on the downside. Current development argues that whole pattern from 1.2005 has completed Read more…