Apple and Meta Platforms have just taken new measures that show they are worried about the economy. Big tech seems convinced that the global economy is headed for a recession. Silicon Valley seems to be Read more…
Daily Pivots: (S1) 138.20; (P) 138.67; (R1) 138.94; More… Intraday bias in USD/JPY remains neutral as correction from 139.37 is extending. Downside of retreat should be contained by 134.73 support. On the upside, break of Read more…
Daily Pivots: (S1) 0.9740; (P) 0.9765; (R1) 0.9799; More… Intraday bias in USD/CHF stays on the downside. Fall from 0.9884 is seen as a falling leg of the consolidation from 1.0063. Sustained trading below 55 Read more…
Daily Pivots: (S1) 1.1866; (P) 1.1950; (R1) 1.2036; More… Intraday bias in GBP/USD stays neutral at this point. Focus remains on 1.2055 minor resistance. Firm break there will confirm short term bottoming at 1.1759. Bias Read more…
Daily Pivots: (S1) 1.0082; (P) 1.0141; (R1) 1.0204; More… EUR/USD’s rebound from 0.9951 is still in progress and intraday bias stays on the upside for 1.0348 support turned resistance. Break there will target channel resistance Read more…
Dollar’s correction continues today and falls broadly. US stocks point to stronger extended rebound. Yen is also weak. Kiwi is currently the strongest, followed by Australian. Euro and Swiss Franc are next. In particular, Euro Read more…
Netflix has cautioned it may have lost another 2 million subscribers over the second quarter, but the planned launch of a cheaper ad-supported service could bring some of them back. Netflix (NFLX) – Get Netflix Read more…
“Although revenue in the period was affected by supply chain impacts and the timing of customer contract negotiations, our cost management initiatives resulted in margin expansion,” said CEO James Taiclet. Lockheed Martin (LMT) – Get Read more…
The BOE has a problem, and tomorrow’s data could make things worse. As the market looks for guidance for where the pound could be heading, this means traders also have a problem. The BOE was Read more…
Bounce from new 20-year low, after larger bears got trapped under parity level, extends into third straight day and accelerates on Tuesday. The Euro was lifted by weaker dollar and received fresh support on signals Read more…