Daily Pivots: (S1) 0.8665; (P) 0.8689; (R1) 0.8726; More…. Intraday bias in USD/CHF remains neutral as consolidation from 0.8629 is in progress. Outlook remains bearish with 0.8819 resistance intact. On the downside, break of 0.8629 Read more…
Daily Pivots: (S1) 141.57; (P) 142.02; (R1) 142.61; More… USD/JPY is still extending consolidation from 140.95 and intraday bias remains neutral. Stronger recovery cannot be ruled out. But upside should be limited well below 146.58 Read more…
Updated at 7:55 am EST U.S. Steel (X) – Get Free Report shares soared Monday after Japan’s Nippon Steel agreed to acquire the steelmaking group for around $15 billion. Nippon said it would pay $55 a Read more…
Not the most thrilling start to the week but that’s to be expected given the number of major events over the last few sessions and the absence of anything significant today. The second half of Read more…
Check back for live updates throughout the trading day. U.S. equity futures nudged higher Monday while the dollar and Treasury yields steadied, as investors brushed past Federal Reserve officials’ warnings about their rate-cut exuberance. Last week’s Read more…
Hello fellow traders. In this technical article we’re going to take a look at the Elliott Wave charts charts of NIKKEI Futures published in members area of the website. As our members know NIKKEI Futures Read more…
In early October, markets were looking a bit grim. Interest rates were rising. There was talk they might stay high — maybe not forever but for a long time. And stocks were falling. But stocks Read more…
In a Financial Times interview, Cleveland Fed President Loretta Mester put emphasis on the duration of maintaining restrictive monetary policy to ensure that inflation reliably returns to the 2% target. That’s contrary to market expectations, Read more…
EURUSD found a footstep and firmed on Monday after 0.9% drop last Friday, following a double failure at psychological 1.10 barrier. However, recovery is unlikely to extend much as near-term action is weighed by much Read more…
German business confidence weaker than expected The euro has started the week in positive territory on Monday. In the European session, EUR/USD is trading at 1.0914, up 0.18%. It was a week of sharp swings Read more…