Markets Markets today had to work through a heavy data calendar. Despite the conflict in the Middle East, the EMU economy showed resilience, with preliminary Q2 GDP growth at 0.4% Q/Q and 1.0% Y/Y. However, Read more…
EUR/USD’s break of 1.1499 support turned resistance argue that fall from 1.2081 might have completed as a three wave correction at 1.1323. Intraday bias is back on the upside for 1.1621 cluster resistance (38.2% retracement Read more…
EUR/JPY’s accelerated decline suggests that the corrective pattern from 187.93 has finally started the third leg. Deeper fall could be seen to 180.78 support. But downside should be contained there to bring rebound. In the Read more…
Circle Internet Group (CRCL) issues USDC, a digital token backed by cash and short-term government securities and designed to maintain a value of $1. The company earns interest on the assets held behind USDC. Investors Read more…
GBP/JPY’s decline from 219.56 accelerated lower today, and focus is now on 212.26 support. Strong rebound from there will keep the up trend from 184.35 intact. In this case, some more consolidations would be seen Read more…
With so much of the reading experience moving from print to digital over the last three decades, even the biggest bookstore and newspaper chains are unable to keep large numbers of brick-and-mortar locations profitable. WH Read more…
Coca-Cola’s dairy brand Fairlife spent eleven days completely offline in July. A ransomware group calling itself Anubis broke into Fairlife’s production systems, forcing a shutdown across all four U.S. plants, according to a filing Coca-Cola Read more…
USD/JPY’s steep decline today suggests that a medium term top is probably formed at 163.97 already. Immediate focus is now on rising channel floor (now at 158.74). Sustained break there will argue that fall from Read more…
Why USD/JPY’s plunge from 163.70 to below 160 has traders asking whether Japan intervened, not just whether the BoJ will hike in October What’s happening: USD/JPY plunged from a session high of 163.70 to below Read more…
In rocketry, Max Q is the moment of maximum aerodynamic stress on an ascending rocket, the point where the physical forces trying to tear it apart are strongest. Morgan Stanley borrowed that concept in a Read more…