The USDJPY keeps firm negative tone and dips to new lowest levels in over seven months on Friday, in extension of strong acceleration on Thursday, when the pair lost 2.3% of its value, in the Read more…
Yen’s rally continues today on talks that BoJ could tweak the yield curve control again next week. It’s also supported by extended decline in US and European benchmark treasury yields. Meanwhile, Dollar is trying to Read more…
Banks are setting aside more cash to cover bad loan risk, suggesting weaker U.S. growth prospects heading into the start of the fourth quarter earnings season. U.S. equity futures slumped lower Friday, while Treasury bond Read more…
Daily Pivots: (S1) 1.0766; (P) 1.0816; (R1) 1.0902; More… With 1.0729 minor support intact, intraday bias in EUR/USD stays mildly on the upside. Current rise from 0.9534 should target 61.8% projection of 0.9630 to 1.0733 Read more…
Daily Pivots: (S1) 1.2119; (P) 1.2183; (R1) 1.2277; More… Intraday bias in GBP/USD stays mildly on the upside with 1.2086 minor support intact. Current rise from 1.1840 would target a test on 1.2445 high. Decisive Read more…
Daily Pivots: (S1) 0.9239; (P) 0.9300; (R1) 0.9333; More… USD/CHF continues to trade sideway in established range and intraday bias remains neutral. Further decline is still in favor as long as 0.9407 resistance holds. Break Read more…
Daily Pivots: (S1) 127.96; (P) 130.24; (R1) 131.60; More… Intraday bias in USD/JPY remains on the downside for the moment. Current decline form 151.93 should target 61.8% projection of 151.93 to 133.61 from 138.16 at Read more…
In short, I don’t think it is and reckon a dollar recovery is long overdue. Happy Friday and welcome to another edition of Forex Friday as we conclude the first full week of January. The Read more…
Those companies are not alone in going silent on Twitter since Elon Musk bought the social media platform. It’s been awfully quiet over at the McDonald’s (MCD) – Get Free Report Twitter account. The company’s most recent tweet came Read more…
WTI oil futures (February delivery) have been trending downwards since June but managed to regain some ground after finding their feet at the one-year low of 70.30. In the near term, the price is challenging the 50-day Read more…