GBPAUD came under selling interest after it hit resistance at the crossroads of the 1.7425 level and the 50- exponential moving average (EMA) on August 17. The slide took the pair below the 1.7200 barrier, Read more…
Cable returned to red after limited bounce on Tuesday, sparked by downbeat US data, signaling that short consolidation is likely to precede fresh push lower. Initial negative signal on break below 2022 low (1.1760) that Read more…
The USDJPY holds firm tone despite the most recent double-rejection at 137.70 zone (upper 20-d Bollinger band) as subsequent dips were contained by the top of thick daily cloud, keeping near-term action within narrow consolidation. Read more…
The highest inflation in the UK doesn’t leave a chance for their currency to feel good. Hundreds of households in the country are in a very fragile condition, trying to allocate their funds between high Read more…
Markets:Slightly better-than-expected core US durable goods orders (July) featured an otherwise pale eco calendar. Capital goods shipments non-defense excluding aircraft, a proxy for investment in GDP calculations, rose by 0.7% M/M from an upwardly revised Read more…
While cruise-ticket prices have generally dropped from prepandemic levels, other costs of cruising have gone up. When you sail with Royal Caribbean (RCL) – Get Royal Caribbean Group Report, Carnival Cruise Line (CCL) – Get Read more…
The billionaire entrepreneur is frustrated with the vagueness and uncertainty of crypto-related regulation. Mark Cuban attacks. The billionaire, who is shaking up the pharmaceutical industry by slashing drug prices, also wants to use his influence Read more…
The drug developer earned FDA approval for a new depression treatment. Now comes the hard part. After delays and missteps, Axsome Therapeutics (AXSM) – Get Axsome Therapeutics Inc. Report finally earned its first regulatory approval. The Read more…
Daily Pivots: (S1) 0.9907; (P) 0.9962; (R1) 1.0024; More… Intraday bias in EUR/USD remains neutral for consolidation above 0.9899 temporary low. Upside of recovery should be limited by 1.0121 minor resistance to bring another fall. Read more…
Daily Pivots: (S1) 1.1740; (P) 1.1809; (R1) 1.1900; More… Intraday bias in GBP/USD remains neutral for consolidations above 1.1716 temporary low. Upside of recovery should be limited by 1.2002 support turned resistance to bring another Read more…