Cryptocurrencies
Sunset Market Commentary
Markets German bond yields rebounded a few bps after an outright implosion yesterday but the move clearly lacked dash. Gains get capped to a mere 2 bps at the front-end as US dealings get going. Read more…
Cryptocurrencies
CHFJPY – Taking Advantage of Weakening Yen
First time since 2007, SNB have increased their interest rate by 50 basis points. This occured as soon as the FED raised their interest rates. We saw a surge in the market one that day Read more…
Cryptocurrencies
Roe v. Wade Ruling: JPMorgan Puts Wall Street Into Center Of U.S. Abortion Debate
JPMorgan, the nation’s largest bank, reportedly told employees it will pay travel costs for women needing abortion and reproductive health access. Updated at 11:34 am EST JPMorgan Chase (JPM) – Get JP Morgan Chase & Read more…
Cryptocurrencies
FedEx Stock Soars After Q3 Earnings Beat, Solid 2023 Profit Outlook
“While Q4 volumes were down year-over-year we successfully implemented strategic actions that drove double-digit yield improvement across the board,” said CEO Raj Subramaniam. FedEx (FDX) – Get FedEx Corporation Report shares moved higher Friday after the Read more…
Cryptocurrencies
EUR/USD Mid-Day Outlook
Daily Pivots: (S1) 1.0476; (P) 1.0528 (R1) 1.0574; More… Intraday bias in EUR/USD remains neutral as range trading continues. Further fall is in favor with 1.0786 resistance intact. On the downside, sustained break of 1.0339/48 Read more…
Cryptocurrencies
GBP/USD Mid-Day Outlook
Daily Pivots: (S1) 1.2190; (P) 1.2242; (R1) 1.2315; More… Range trading continues in GBP/USD and intraday bias remains neutral. Outlook stays bearish as long as 1.2666 resistance holds. On the downside, break of 1.1932 will Read more…
Cryptocurrencies
USD/JPY Mid-Day Outlook
Daily Pivots: (S1) 134.06; (P) 135.18; (R1) 136.09; More… USD/JPY is staying in consolidation from 136.70 and intraday bias remains neutral. Downside of retreat should be contained above 131.48 support to bring rebound. On the Read more…
Cryptocurrencies
USD/CHF Mid-Day Outlook
Daily Pivots: (S1) 0.9567; (P) 0.9629; (R1) 0.9676; More… USD/CHF’s fall from 1.0048 is seen as the third leg of the corrective pattern from 1.0063. Strong support should be seen at around 0.9543 to contain Read more…
Cryptocurrencies
Swiss Franc Extending Rally, Yen Softens as Yields Recover
Swiss Franc is staying as the strongest one for today while markets are rather quiet elsewhere. Yen turns slightly weaker and US and European yields recover. But Dollar is also weak on overall steady sentiment. Read more…
Cryptocurrencies
Zendesk Stock Soars On $10.2 Billion Hellman & Friedman-Lead Private Equity Takeover Bid
“This is the start of a new chapter for Zendesk with partners that are aligned with the strength of our agile products and talented team,” said CEO Mikkel Svane. Zendesk (ZEN) – Get Zendesk Inc. Read more…