After warning for a few months that the UK was heading towards a recession, after the last meeting it came out and said that the recession had arrived. Of course, the data hasn’t been out Read more…
Investor interest in precious metals is shining with renewed vigour as some investors see them as a safe haven amid the storm of the crypto market. Having broken above $1700, gold is showing the first Read more…
As markets await final results from the 2022 midterms, Wall Street has turned its attention to disappointing Disney earnings and a layoff announcement from Meta. Watch TheStreet’s Market Open: More on Today’s Top Stories: Stock Read more…
Daily Pivots: (S1) 0.9822; (P) 0.9874; (R1) 0.9912; More… Intraday bias in USD/CHF stays on the downside at this point. A double top pattern should be completed (1.0146, 1.0146). Deeper fall should be seen to Read more…
Daily Pivots: (S1) 145.01; (P) 145.97; (R1) 146.64; More… Intraday bias in USD/JPY stays neutral as consolidation from 151.93 is extending. Deeper decline might be seen but downside should be contained by 38.2% retracement of Read more…
Daily Pivots: (S1) 1.1452; (P) 1.1525; (R1) 1.1621; More… GBP/USD retreats ahead of 1.1644 resistance and intraday bias stays neutral for the moment. On the upside, break of 1.1644 will resume the whole rise from Read more…
How could the Inflation Reduction Act (IRA) affect your taxes? Our tax pro shares a step-by-step guide. What is the Inflation Reduction Act (IRA)? And how can the IRA lower my taxes? “Under the Inflation Reduction Read more…
Daily Pivots: (S1) 0.9999; (P) 0.9987; (R1) 1.0122; More… EUR/USD retreats after hitting 1.0092 and intraday bias remains neutral first. On the upside, firm break of 1.0092 will resume whole rise from 0.9534. Further rally Read more…
Swiss Franc rises broadly today as yesterday’s risk-on sentiment quickly faded. Dollar is also recovering together with Canadian while Yen is also slightly higher. On the other hand, Sterling is under some pressure, in particular Read more…
Notable decline is seen in GBP/CHF today and it’s now pressing a head and shoulder neckline support, as well as 55 day EMA. Considering bearish divergence condition in 4 hour MACD, 1.1574 is likely a Read more…