Daily Pivots: (S1) 0.8837; (P) 0.8933; (R1) 0.8988; More…. USD/CHF’s decline continues today and intraday bias stays on the downside. Fall from 0.9243 should target 100% projection of 0.9243 to 0.8886 from 0.9111 at 0.8754. Read more…
Daily Pivots: (S1) 149.77; (P) 150.78; (R1) 151.39; More… USD/JPY recovers today as range trading continues. Intraday bias remains neutral for the moment. Further rally is in favor as long as 149.17 support holds. On Read more…
Daily Pivots: (S1) 1.0752; (P) 1.0820; (R1) 1.0947; More… With 1.0824 minor support intact, intraday bias in EUR/USD remains on the upside despite current retreat. Rise from 1.0447 should extend to 61.8% retracement of 1.1274 Read more…
Warren Buffett’s investing style is the stuff of legends. When the Oracle of Omaha makes a market move, people pay attention and follow. So what does it mean when his holding company, Berkshire Hathaway BRK.B, liquidates Read more…
Sterling emerged as the standout underperformer today, reacting notably to the latest CPI data from the UK. This data indicated a more rapid deceleration in both headline and core inflation rates than many had predicted. Read more…
Daily Pivots: (S1) 1.2337; (P) 1.2421; (R1) 1.2583; More… GBP/USD retreat slightly after edging higher to 1.2504 and intraday bias is turned neutral first. Some consolidations could be seen. But downside should be contained well Read more…
US PPI for final demand fell -0.5% mom in October, below expectation of 0.1% mom rise. That’s also the largest monthly decline since April 2020. PPI goods fell -1.4% mom while PPI services was unchanged. Read more…
Ark Invest’s “disruptive” technology thesis grants investors exposure to a number of different technological areas, from automation to cryptocurrency to biotechnology. While automation and crypto represent some of Ark’s biggest bets, a large portion even Read more…
U.S. retail sales slowed less than forecast last month, data from the Commerce Department indicated Wednesday, as muted inflation pressures and a big slide in gasoline prices added strength to broader consumer spending. Headline retail Read more…
US retail sales fell -0.1% mom to USD 705.0B in October, better than expectation of -0.3% mom. Ex-auto sales rose 0.1% mom to USD 570.9B, above expectation of -0.2% mom decline. Ex-gasoline sales fell -0.1% Read more…