Cruise ships have traditions that newer passengers may not know about. There’s a set of unwritten laws that more experienced cruisers have slowly learned over the years. Most situations are silly: Some people get angry Read more…
Daily Pivots: (S1) 160.28; (P) 160.84; (R1) 161.35; More… Range trading continues in USD/JPY and intraday bias stays neutral. Further rally is expected with 160.25 minor support intact. On the upside, break of 161.94 temporary Read more…
Daily Pivots: (S1) 1.2773; (P) 1.2796; (R1) 1.2837; More… Intraday bias in GBP/USD remains on the upside as rally from 1.2612 is in progress for retesting 1.2859 resistance. Firm break there will resume the rally Read more…
Sterling strengthened broadly today, support by comments from Jonathan Haskel, a known hawk on BoE’s MPC. Haskel indicated his preference to maintain interest rates until there is clear evidence that inflationary pressures have subsided sustainably. Read more…
For airplane manufacturer Boeing (BA) , it has been a year of steadily worsening news. While the recent focus has been on the blown-out door plug on a 737 Max 9 Alaska Airlines (ALK) plane that Read more…
Lacklustre US non-farm payrolls & ISM Services PMI for June has led to a further drop in US Treasury yields. Both the 2-year and 10-year US Treasuries/JGBs yield premiums have shrunk to a 5-month low. Read more…
Geopolitical events and weather disruptions are currently the main drivers of oil price fluctuations. OPEC+ production cuts have contributed to tighter oil markets, supporting prices. Can it continue? Technical analysis suggests key support and resistance Read more…
The euro has started the week with gains and is trading at 1.0836 in the European session, up 0.33% on the day. EUR/USD is coming off its best week of the year, gaining 1.19%. France Read more…
Nvidia shares edged higher in early Monday trading, following a month of relatively meager gains, as a top Wall Street analyst issued a bullish price target for the world’s third biggest tech giant. Nvidia (NVDA) Read more…
The AUD/USD pair reached a six-month high of 0.6752, marking its fifth consecutive day of gains. The currency’s strength is largely driven by market expectations that the Reserve Bank of Australia (RBA) might diverge from Read more…