Daily Pivots: (S1) 0.9452; (P) 0.9504; (R1) 0.9575; More… USD/CHF is staying in consolidation from 0.9355 and intraday bias remains neutral. In case of stronger recovery, upside should be limited below 0.9680 minor resistance to Read more…
Daily Pivots: (S1) 139.15; (P) 139.95; (R1) 141.01; More… Intraday bias in USD/JPY remains neutral as consolidation from 137.66 temporary low is still in progress. In case of stronger recovery, upside should be limited below Read more…
Positive market sentiment boosts Kiwi, Aussie higher but Canadian is lagging far behind as dragged down by falling oil prices. Sterling is also firm after mixed retail sales data. On the other hand, Swiss Franc Read more…
Stocks are looking to close out the week on a high note, but with options expiry later today, and the steepest inverted yield curve in decades, traders remain cautious. U.S. equity futures moved firmly higher Read more…
Bundesbank President Joachim Nagel said, “We must resolutely raise our key rates further and adopt a restrictive stance… We cannot stop here. Further decisive steps are necessary.” “We should start reducing the size of our Read more…
“Despite the tough environment, our expanding customer base remained resilient,” said CEO Mary Dillon. Foot Locker (FL) – Get Free Report shares surged higher Friday after the sports apparel retailer posted stronger-than-expected third quarter earnings, and boosted Read more…
Usually, the Dollar and GOLD are negatively correlated. This means that the stronger the US-Dollar becomes, the lower Gold prices will be as many more investors will prefer liquid investments. Times of crisis and the Read more…
The German vehicle manufacturer wants to remain competitive in a crucial market for electric vehicles. Mercedes-Benz knows it has to act fast, if the legacy carmaker doesn’t want to be knocked out of the crucial Read more…
As I earlier indicated in my article this week, I am expecting an upward push from the Dollar as a reaction from the Demand zone I have marked out. The PPI release earlier moved prices Read more…
GBPJPY has experienced a steep uptrend since late September, with the price gaining almost 15% and posting a fresh 6½-year high of 172.10. Even though the pair declined moderately from its recent peak, it has been attempting Read more…