The Japanese yen has dropped below the 161 line on Monday. The yen is trading at 161.39 early in the North American session, down 0.35% on the day. Japan’s GDP revised sharply lower Japan revised Read more…
Nvidia shares edged lower in early Monday trading, following a trillion-dollar market-value gain during its second quarter peak, as a top Wall Street analyst issued a bullish second-half outlook for the market-leading AI-chip maker. Nvidia Read more…
Daily Pivots: (S1) 160.36; (P) 160.82; (R1) 161.37; More… Intraday bias in USD/JPY is back on the upside with break of 161.27 temporary top. Current up trend should target 61.8% projection of 146.47 to 160.20 Read more…
Daily Pivots: (S1) 0.8971; (P) 0.8990; (R1) 0.9007; More… Intraday bias in USD/CHF remains on the upside at this point, for channel resistance (now at 0.9034). Fall from 0.9223 might have completed as a three-wave Read more…
Daily Pivots: (S1) 1.2623; (P) 1.2642; (R1) 1.2665; More… Intraday bias in GBP/USD remains neutral at this point. On the upside, firm break of 1.2702 resistance will argue that pull back from 1.2859 has completed, Read more…
Gold rises as a weaker US Dollar and uncertainty around monetary policy continues. ISM data later today before all attention turns to US jobs data later in the week. Trendline break and price action hint Read more…
USDJPY rose further on Monday, signaling continuation after bulls paused for consolidation on Thu/Fri. Although traders remain cautious over looming intervention, after Japanese authorities reiterated their stance of intervening again to support weakening yen, bulls Read more…
US ISM Manufacturing PMI fell from 48.7 to 48.5 in June, missed expectation of 49.3. That’s the third month of contraction reading. Looking at some details, new orders rose from 45.4 to 49.3. Production fell Read more…
Some Las Vegas residencies sort of never end. Donny Osmond and Wayne Newton, for example, seem to be performing in perpetuity at Caesars Harrah’s and Flamingo respectively. Other performers sign up for a residency with Read more…
Transcript: CONWAY GITTENS: I’m Conway Gittens reporting from the New York Stock Exchange. Here’s what we’re watching on TheStreet today. Stocks are coming off a solid quarter as Wall Street kicks off the second half of Read more…