US ISM Services PMI dropped from 55.9 to 55.3 in June but beat expectation of 54.5. Looking at some details, business activity/production rose 1.6 to 56.1. New orders dropped -2.0 to 55.6. Employment dropped -2.8 Read more…
Markets There’s no letting-up in the euro sell-off. Yesterday’s steep decline met with follow-through losses today, even as risk sentiment, for example on equities, turned for the better. The likes of the EuroStoxx50 are adding Read more…
Fears over a recession continues to drive financial markets, with commodities feeling the heat Commodities: industrial demand concerns intensify Crude, Copper, Gold and Silver all sink Stocks: Respite for techs but outlook negative Dollar at Read more…
The pandemic caused a lot of food-service changes at the Disney World theme park in Florida, and one beloved experience has slowly been brought back. When people pay thousands of dollars to visit Disney World, Read more…
The month of July has been an unmitigated disaster for the euro – with only three trading sessions in the books, EUR/USD has declined a staggering 2.73%. Earlier in the day, the euro dropped to Read more…
The USDJPY extends range trading into third consecutive week, as Doji candles in past two weeks signal strong indecision. Repeated weekly upside rejection points to strong headwinds that bulls face, but the downside was so Read more…
The Euro extends steep fall, sparked by strong risk aversion on growing recession worries and boosted by a break of critical technical supports that signaled a continuation of larger downtrend from 2008 peak (1.6039). Fresh Read more…
The crypto industry is currently going through an unprecedented crisis. Here’s a guide to what’s going on, and what might be next.. The cryptocurrency market has dropped $2 trillion in value since November’s mad ascent. Read more…
Daily Pivots: (S1) 135.48; (P) 135.92; (R1) 136.31; More… Range trading continues in USD/JPY and intraday bias remains neutral. On the downside, break of 134.25 support will confirm short term topping at 136.99. Considering bearish Read more…
Daily Pivots: (S1) 0.9618; (P) 0.9662; (R1) 0.9730; More… Immediate focus is now on 0.9731 resistance in USD/CHF. Firm break there will argue that the consolidation from 1.0063 has completed and bring stronger rally back Read more…