Daily Pivots: (S1) 1.2236; (P) 1.2278; (R1) 1.2316; More… Intraday bias in GBP/USD remains neutral as range trading continues. Outlook stays bearish as long as 1.2666 resistance holds. On the downside, break of 1.1932 will Read more…
Daily Pivots: (S1) 134.59; (P) 134.99; (R1) 135.63; More… Intraday bias in USD/JPY remains neutral for consolidation below 136.70. Deeper retreat could be seen, but downside should be contained above 131.48 support to bring rebound. Read more…
Daily Pivots: (S1) 0.9523; (P) 0.9578; (R1) 0.9634; More… Intraday bias in USD/CHF is neutral for the moment. Fall from 1.0048 is still seen as the third leg of the consolidation pattern from 1.0063. Strong Read more…
Price actions in forex markets are indecisive today. Dollar is trying to rise after better than expected durable goods orders. It’s also support by recovery in treasury yields. But there is no follow through buying. Read more…
“There is tremendous opportunity in aviation over the coming years, and the Board and I decided it is the right time for me to take on this expanded role,” said GE CEO Larry Culp. General Read more…
The Richmond Manufacturing Index, similar to the purchasing managers’ index, is based on results of questionnaires sent to executives on their views of business conditions in manufacturing. Canva What Is the Richmond Manufacturing Index? The Read more…
The major U.S. cruise lines still require pre-cruise covid tests. Signs suggest those rules could be loosened or even go away. Covid has not gone away, but vaccines have limited its impact on cruise ships. Read more…
The Australian dollar had a relatively quiet week and the limited movement has continued on Monday. There are no Australian releases today, so barring any surprises from today’s US durable goods release, I expect little Read more…
G7 countries are discussing refusing to import gold from Russia – another attempt to limit the country’s export earnings. However, this news is more about headlines than the potential to become an actual market mover. Read more…
Bitcoin gained 3.8% over the past week, ending around $21.4K, dropping slightly to $21.2K on Monday morning. Ethereum added 9.4%, while other top-ten altcoins gained between 4.6% (Cardano) and 19.3% (Dogecoin). The total capitalisation of Read more…