Tesla said it had a record rate of production in June, but supply chain disruption and the closure of its Shanghai gigafactory triggered a slump in Q2 deliveries. Tesla (TSLA) – Get Tesla Inc. Report shares Read more…
Stock futures lower as recession concerns mount; Week Ahead: Fed minutes, jobs report in focus; Tesla shares slide after Q2 delivery slump; Exxon shares jump on record Q2 profit bet and Swedish airline SAS files Read more…
EUR/USD finally breaks down to the downside today, partly based on Dollar’s strength, and partly on Euro’s own weakness. Even if a 25bps rate hike is pre-committed by ECB in July, and another hike (probably Read more…
UK PMI Services was finalized at 54.3 in June, up from May’s 53.4. S&P Global said there was solid rise in business activity, but new work lost momentum. Business expectations slumped to the weakest level Read more…
Eurozone PMI Services was finalized at 53.0 in June, down from May’s 56.1, a 5-month low. PMI Composite was finalized at 52.0, down from May’s 54.8, a16-month low. Looking at some member states, Spain PMI Read more…
Bitcoin rose on Monday, ending the day at around $19,800. The recovery continues Tuesday morning, taking the exchange rate to 20,300 and adding 6.4% over the past 24 hours. Ethereum added 9.8% to $1160, while Read more…
GBPUSD formed a tiny neutral candlestick on Monday above Friday’s closing price of 1.2087 and below the nearby 1.2170 resistance territory. The refusal to return to the two-year low of 1.1932 could be a rosy Read more…
EUR/USD Yesterday, the euro ended with a slight decline against the dollar, and in the early hours of today, the pair scored some gains. After a failed attempt to breach 1.0396 at the end of Read more…
Daily Pivots: (S1) 163.24; (P) 163.99; (R1) 164.97; More… Intraday bias in GBP/JPY is mildly on the upside with break of 164.63 minor resistance. Further rise could be seen to retest 168.67 high. On the Read more…
Daily Pivots: (S1) 140.82; (P) 141.24; (R1) 141.86; More…. Intraday bias in EUR/JPY is turned neutral with current recovery. On the downside, break of 139.78 will target 137.83 support first. Sustained break there will raise Read more…