US initial jobless claims edged lower by -3k to 209k in the week ending May 16, slightly below expectations of 210k and consistent with a labor market that remains relatively resilient despite slowing economic momentum Read more…
At the beginning of the Covid pandemic, meal kit deliveries saw a huge boom in sales — according to BroadBranch Advisors, the market value for the industry rose from $3.5 billion to $10.26 billion in Read more…
Wall Street keeps a private list of records that almost never move. The biggest bank failure. The longest bull market. The most expensive IPO of all time. Most of those records are decades old. Saudi Read more…
Intraday bias in EUR?USD stays neutral at this point. As noted before, rebound from 1.1408 could have completed as a corrective three-wave move. Deeper fall should be seen to retest 1.1408 low. For now, risk Read more…
Intraday bias in USD/JPY remains neutral at this point. Above 159.24 will target 160.71 high. Strong resistance is expected from there to start the third leg of the near term corrective pattern. On the downside, Read more…
No change in GBP/USD’s outlook and intraday bias stays neutral. Further fall is expected as long as 55 4H EMA (now at 1.3450 holds. Below 1.3300 will target a retest on 1.3158 support first. However, Read more…
Intraday bias in USD/CHF is turned neutral again with current retreat. Further rise is in favor as long as 0.7837 support holds. Firm break of 0.7923 resistance will argue that fall from 0.8041 has completed Read more…
Intraday bias in AUD/USD remains neutral for the moment. On the upside, above 0.7183 minor resistance will suggest that pullback from 0.7277 has completed. Intraday bias will be back on the upside for retesting this Read more…
Intraday bias in USD/CAD is turned neutral with current retreat. Further rise is mildly in favor as long as 1.3682 support holds. Rebound from 1.3549 is seen as the third leg of the corrective pattern Read more…
Range trading continues in GBP/JPY and intraday bias stays neutral. Consolidations from 210.43 is extending with another rising leg. On the downside, firm break of 210.43 will resume the corrective fall from 21658. However, sustained Read more…