US Conference Board Consumer Confidence dropped from 102.2 to 100.2 in November, slightly above 100.0. Present Situation Index dropped from 138.7 to 137.4. Expectations index dropped from 77.9 to 75.4. “Consumer confidence declined again in Read more…
Though marijuana is legal in Nevada, you can’t legally smoke it on the Las Vegas Strip. Nevada legalized recreational marijuana at the start of 2017 without fully considering how it would affect the Las Vegas Read more…
Markets Have we seen the peak in headline (EMU) inflation? No, if we follow yesterday’s guidance by ECB Lagarde. Yes, if we look at today’s market reaction following some national inflation readings. Spanish inflation fell Read more…
Millions of retail investors have lost their savings in the resounding bankruptcies of crypto firms. It’s been a dark year for the crypto space. Investors, both retail and institutional, are living through a nightmare that Read more…
Daily Pivots: (S1) 1.0281; (P) 1.0389; (R1) 1.0448; More… Intraday bias in EUR/USD stays neutral for the moment and more consolidations could be seen. Further rally is expected as long as 1.0222 support holds. Break Read more…
Daily Pivots: (S1) 1.1893; (P) 1.2006; (R1) 1.2070; More… GBP/USD’s consolidation from 1.2152 is extending and intraday bias stays neutral. Further rally is expected with 1.1777 support intact. Break of 1.2152will target 100% projection of Read more…
Daily Pivots: (S1) 0.9431; (P) 0.9465; (R1) 0.9523; More… Intraday bias in USD/CHF remains neutral as range trading continues. On the downside, firm break of 0.9355 will resume the decline from 1.0146 to 0.9287 fibonacci Read more…
Daily Pivots: (S1) 137.79; (P) 138.62; (R1) 139.74; More… Outlook is USD/JPY is unchanged as fall from 151.93 is resuming. Intraday bias stays mildly on the downside. Next target is 100% projection of 146.78 to Read more…
Cable regained traction on improved risk sentiment and probes above 1.20 after recent pullback from a multi-month high (1.2153) found footstep at 1.1957 (rising 10DMA). Larger uptrend remains intact but pausing after a failure on Read more…
Gold jumped nearly 1% on Tuesday, fully reversing Monday’s drop, sparked by hawkish comments from Fed officials on interest rate hikes. The dollar lost traction quickly after news, providing fresh support for the metal, though Read more…