Consumer defensive stocks have struggled this year, as investors have opted for mega-cap technology titans instead. The Morningstar US Consumer Defensive index has produced a total return of negative 3.42% year to date, compared to Read more…
Howard Schultz based the Starbucks business model on Italian cafes. He saw the chain’s stores as a “third place,” after work and home for its customers. He also understood that the Starbucks experience centered around Read more…
UK GDP in focus this week; pound could significantly benefit from a strong print RBA meeting and Chinese data could push aussie even higher against the US dollar USDJPY could break below its upward trending Read more…
It’s been a relatively subdued start to trading on Monday and the US is eyeing a similar open, with stock markets struggling to maintain the momentum from the second half of last week. Investors got Read more…
Daily Pivots: (S1) 0.8949; (P) 0.9011; (R1) 0.9057; More…. No change in USD/CHF’s outlook and intraday bias stays on the downside for 0.8886 support first. Break there will resume whole decline from 0.9243 to 0.8815 Read more…
Daily Pivots: (S1) 149.89; (P) 150.43; (R1) 151.02; More… Outlook in USD/JPY is unchanged and intraday bias stays neutral. Price actions from 151.69 could still be seen as a consolidation pattern only. However, firm break Read more…
Daily Pivots: (S1) 1.2247; (P) 1.2318; (R1) 1.2452; More Intraday bias in GBP/USD remains on the upside as rise from 1.2036 is in progress. Further rally should be seen to 38.2% retracement of 1.3141 to Read more…
People love to be morally outraged. That’s not unique to either political party. It’s generally true of anyone who has rigid views with limited room to be sympathetic to people who feel a different way. Read more…
Daily Pivots: (S1) 1.0648; (P) 1.0698; (R1) 1.0780; More… No change in EUR/USD’s outlook and intraday bias remains on the upside. Decisive break of 1.0764 cluster resistance (38.2% retracement of 1.1274 to 1.0447 at 1.0763) Read more…
European majors are maintaining their upward momentum against the Dollar, leveraging last week’s rally and finding additional support in the unexpectedly positive Eurozone investor confidence data. Yet, while the data provided a glimmer of positivity, Read more…