Daily Pivots: (S1) 0.9584; (P) 0.9601; (R1) 0.9630; More… USD/CHF’s recovery from 0.9493 continues today but stays below 0.9731 minor resistance. Intraday bias remains neutral first. On the upside, break of 0.9731 will argue that Read more…
Daily Pivots: (S1) 1.2070; (P) 1.2118; (R1) 1.2150; More… GBP/USD’s breach of 1.1932 support indicates down trend resumption. Intraday bias is back on the downside. Next near term target is 100% projection of 1.2666 to Read more…
Daily Pivots: (S1) 1.0406; (P) 1.0435 (R1) 1.0452; More… EUR/USD’s down trend finally resumes and intraday bias is back on the downside. Next target is 1.0090 long term projection level. On the upside, above 1.0448 Read more…
Euro drops sharply and broadly today on renewed concerns over recession on gas crisis. The common currency is also taking other European majors lower. Dollar and Yen are currently the strongest ones on risk aversion. Read more…
Despite a robust list of headwinds faced by producers, including labor shortages and weather-related disruptions, North American crude output is expected to keep climbing and is even poised to set new records. In early June, Read more…
The weakness is driven by rampant inflation, concerns over energy and rising borrowing costs. Risk was off the menu again this morning with stocks, copper, crude and crypto all falling. In FX, the euro, Aussie Read more…
Elon Musk’s company has just lost its crown to a rival backed by billionaire Warren Buffett. It’s a dream poster: Elon Musk versus Warren Buffett. The new big boss of the business world against the Read more…
The selloff in Euro intensifies today on the back on heightening gas crisis, which could drag the economy faster and deeper into recession. Norway’s Equinor is temporarily shutting down three oil and gasfields after workers Read more…
A brief overnight inversion of the U.S. yield curve, as well as mounting signs of a near-term recession, have stocks on the back foot heading into the holiday-shortened week. U.S. equity futures moved lower Tuesday, Read more…
Renting may be a permanent way of life for many. Here are the cities with the best quality of life for renters. The bubble that’s bursting these days might just be the dream many Americans Read more…