The British pound continues to lose ground and has fallen below the 1.20 line for the first time since July 26th. GBP/USD is trading at 1.1996 in the North American session, down 0.47%. Pound eyes Read more…
Tesla’s charismatic CEO has become a central figure on the world’s political stage. Elon Musk’s tweets can elicit an earthquake of emotions, in the U.S. or anywhere on the world stage. Those who remain skeptical Read more…
Why are rewards credit card customers leaving free cash on the table? On the surface, Americans seem to love their rewards credit cards. After all, 87% of all U.S. credit cardholders have at least one Read more…
The fast-food chain continues to try to move past its Mexican Pizza debacle. Make a run for the border? Live Mas? Live outside the buns? In recent months, “why don’t you have the Mexican Pizza?” Read more…
EURGBP traded higher yesterday, after hitting support at the crossroads of the 0.8385 level and the tentative upside line drawn from the low of low of March 7. Nonetheless, the advance remained limited near the Read more…
The dollar index remains at the front foot, underpinned by dominating factors, such as high inflation, rising interest rates and global growth concerns. Bounce from Aug 10/11 double-bottom (104.50) retraced 50% of corrective 109.12/104.50 downleg, Read more…
Markets: An interview by ECB Schnabel grabs most headlines today. She told Reuters that concerns about the inflation outlook, which triggered a 50 bps rate hike in July, have not been alleviated. The move wasn’t Read more…
Sin City looks set to welcome another massive resort/casino that’s going to compete with industry leaders Caesars and MGM. For a long time the Las Vegas Strip referred mostly to the Caesars Entertainment (CZR) – Read more…
Daily Pivots: (S1) 1.0149; (P) 1.0176; (R1) 1.0206; More… Intraday bias in EUR/USD stays neutral first, and risk stays on the downside as long as 1.0368 resistance holds. Rebound from 0.9951 should have completed at Read more…
Daily Pivots: (S1) 1.2008; (P) 1.2075; (R1) 1.2123; More… Intraday bias in GBP/USD remains mildly on the downside at this point. Rebound from 1.1759 could have completed at 1.2292, after rejection by 55 day EMA. Read more…