Gold made an impressive 3% surge during the week, breaking May’s all-time highs. However, it then retreated to the downside, selling off throughout the second half of the week. What should you watch out for Read more…
Australian dollar continues to trend lower vs its US counterpart for the fifth consecutive day, on track for the biggest weekly loss since the second week of April. Bears have so far retraced 50% of Read more…
Markets One of the biggest-ever IT outages sparked volatility at the start of European trading but without lasting impact on general markets. A security update by CrowdStrike caused a global problem with Microsoft’s Windows. UK Read more…
In what is shaping out to be the biggest IT breakdown of the year, airlines like Delta (DAL) , United Airlines (UAL) and American Airlines (AAL) all issued a ground stop on all their flights as Read more…
The nature of retail has changed. Consumers used to need neighborhood stores in order to fill basic needs. Digital retailers, however, have made some of those shopping trips unnecessary. It’s not a massive disruption. Instead, Read more…
Daily Pivots: (S1) 155.29; (P) 156.95; (R1) 157.84; More… Intraday bias in USD/JPY remains neutral at this point. Deeper decline is still expected as long as 158.85 resistance holds. Below 155.36 will extend the fall Read more…
Daily Pivots: (S1) 0.8839; (P) 0.8859; (R1) 0.8898; More… Intraday bias in USD/CHF remains neutral for consolidations above 0.8819 temporary low. But further decline is expected as long as 0.9049 resistance holds. Break of 0.8819 Read more…
Daily Pivots: (S1) 1.2915; (P) 1.2968; (R1) 1.2997; More… Intraday bias in GBP/USD remains neutral at this point. Pullback from 1.3043 could extend lower but downside should be contained by 1.2859 resistance turned support to Read more…
In December 2023, California-based EV automaker Lucid (LCID) achieved a fantastic feat that only its rival Tesla (TSLA) could: producing a car worthy of Car and Driver’s prestigious 10Best list. Among automotive staples like the Read more…
Daily Pivots: (S1) 1.0879; (P) 1.0911; (R1) 1.0928; More…. EUR/USD is still holding above 1.0871 support and intraday bias stays neutral. Further remains mildly in favor. Break of 1.0947 will resume the rise from 1.0601 Read more…