Stock futures edge higher as treasury yields slip; Robinhood shares at center of FTX bankruptcy fight; Southwest extends slide as travel chaos draws government criticism; Tesla shares get rare pre-market bounce on Baird note and Read more…
The billionaire, who supports Ukraine, had a provocative exchange with former Russian President Dmitry Medvedev. One of Elon Musk’s weapons is provocation. This sometimes takes the form of sarcasm or even humiliation depending on the Read more…
The British Pound started a downside correction from the 1.2120 zone against the US Dollar. The GBP/USD pair declined below 1.2080 to move into a short-term bearish zone. The pair even settled below the 1.2050 Read more…
The Japanese yen continues to lose ground this week and is in negative territory on Wednesday. In the European session, USD/JPY is trading at 134.11, up 0.49%. Post-Christmas holiday trading remains thin, but USD/JPY has Read more…
GBPUSD has been edging higher after finding its feet at the all-time low of 1.0324 in late September. Even though the pair has staged a strong rebound, it is currently experiencing downside correction, with the 200-day Read more…
USDJPY is set for another green day, being halfway below last week’s pre-crash levels at 133.80. The price has been gradually gaining ground over the past couple of sessions, with the RSI and the stochastics Read more…
The Dow Jones treads water as thinning liquidity and few economic data keep investors at bay. The sell-off in mid-December has prompted short-term buyers to bail out. Though the latest retracement secured bids in the Read more…
The US dollar regained some lost ground on the back of rising Treasury yields. The price action is seeking to hold above August’s low of 130.80 as a bearish breakout could pave the way for Read more…
The euro keeps the high ground thanks to the ECB’s hawkish approach. The euro has retained its upward trajectory, and the RSI returning to the neutral area on the daily chart has taken some heat Read more…
Yesterday, Russia finally responded to the EU’s price cap on its oil exports, saying that they will simply stop exporting their oil to parties that ‘directly or indirectly use the mechanism of setting a price Read more…