China’s covid policy hasn’t led to a nationwide lockdown, so it’s more of a metaphor to talk about “reopening”. However, the economic impact from a shift in the current zero-covid policy could be seen as Read more…
Welcome to Forex Friday, a weekly report in which we discuss selected currency themes mainly from a macro viewpoint, but we also throw in a pinch of technical analysis here and there. In this week’s Read more…
PayPal fell almost 14% after-hours Thursday but is down just slightly on Friday. Here’s the level it must hold as its valuation becomes tempting. PayPal (PYPL) – Get PayPal Holdings Inc. Report stock is down about Read more…
Stellantis says the airbags have caused two recent deaths and are suspected in a third. FCA US, a subsidiary of Stellantis (STLA) – Get Stellantis N.V. Report, and federal regulators issued a “Do Not Drive” Read more…
The cruise line’s latest move will make its most loyal customers happy — and help everyone else onboard. Loyalty has been a key driver for the cruise business. Once a cruise line has a customer Read more…
The U.S. economy added 261k jobs in October, coming in above the consensus forecast of 200k. Overall, revisions to the two prior months were positive, adding an additional 29k to the previously reported figures. Employment Read more…
Employment blew away expectations in October, as the Canadian labour market added a meaty 108k positions in October. As such, job losses recorded over the past few months were more than recouped. All of October’s Read more…
Daily Pivots: (S1) 0.9707; (P) 0.9773; (R1) 0.9817; More… Intraday bias in EUR/USD is turned neutral first with break of 0.9872 minor resistance. At this point, the favored case is still that corrective pattern form Read more…
Daily Pivots: (S1) 1.1065; (P) 1.1243; (R1) 1.1335; More… Intraday bias in GBP/USD stays on the downside at this point. As noted before, corrective rebound from 1.0351 should have completed with three waves up to Read more…
Daily Pivots: (S1) 1.0044; (P) 1.0095; (R1) 1.0187; More… USD/CHF’s break of 1.0031 minor support indicates rejection by 1.0146 resistance. Consolidation pattern from there is expected and deeper fall might be seen. But still, outlook Read more…