Daily Pivots: (S1) 1.2672; (P) 1.2694; (R1) 1.2725; More… GBP/USD is still extending the consolidation pattern from 1.2826 and intraday bias stays neutral. Break of 1.2595 support will target 1.2499 support. On the upside, however, Read more…
Daily Pivots: (S1) 0.8666; (P) 0.8685; (R1) 0.8700; More…. Intraday bias in USD/CHF stays neutral, with focus on 38.2% retracement of 0.9243 to 0.8332 at 0.8680, which coincides 55 D EMA (now at 0.8687). Decisive Read more…
Daily Pivots: (S1) 147.74; (P) 148.28; (R1) 148.71; More… USD/JPY is extending the consolidation from 148.79 temporary top and intraday bias remains neutral. While deeper retreat cannot be ruled out, further rally is expected as Read more…
Yen trades mildly firmer in tight range today, as markets are now keenly awaiting BoJ rate decision in the upcoming Asian session. No change in monetary policy is expected as BoJ should stick to negative Read more…
Updated at 8:40 AM EST Tesla (TSLA) – Get Free Report shares edged higher in early Monday trading, lagging the broader market, after a key Wall Street analyst cut his price target on the group just Read more…
ECB faces a communication challenge in first meeting of the year Timing of rate cut likely to dominate discussion, but hawks to resist Mixed messages unhelpful to euro ahead of the decision on Thursday (13:15 Read more…
Macy’s (M) – Get Free Report shares moved higher in early Monday trading after the iconic retailer rejected a $5.8 billion takeover bid that its proposed buyers now plan to take directly to shareholders. Macy’s, like Read more…
EUR/USD: Reasons Behind the Dollar’s Strengthening The past week was notably sparse in terms of macroeconomic statistics. Consequently, the market participants’ sentiment largely depended on the statements made at the World Economic Forum in Davos Read more…
Silver falls steeply today as the decline from 25.91 resumes. This steep selloff in the precious metal is interpreted, at least partly, as a reaction to the recent market adjustments in global central bank rate Read more…
Check back for updates throughout the trading day U.S. equity futures moved higher again Monday, lifting the S&P 500 into fresh record territory following its strongest close in two years last week, as investors looked Read more…